A late-stage merger involving two collidingdisk galaxies, ESO 148-2 has a distorted main body structure that is similar to the Antennae galaxies. Its appearance takes a form of an owl taking flight with curved large tidal tails representing as wings, made from both stars and gas. The black hole in ESO 148-2 has an estimated mass of 4.4 × 107 M☉.
ESO 148-2 is also a bright galaxy with a star formation rate of 149 M☉ yr−1 and an infrared luminosity of LFIR =1011.71 L☉. This infrared luminosity is interpreted as radiation emitting from dust emissions via intense heating of its star formation regions. In the regions of the galaxy, there are type N Wolf-Rayet stars emitting N III λ4641 and He II λ4686 emission, making them the brightest subtype. The H II regions of ESO 148-2 are dominated by star formation with an estimated metallicity rate of 9.09 ± 0.03. Furthermore it has a point-like source, with both of the thermal and de-absorbed power law components in its spectrum having a luminosity of ~ 1.5 × 1041 and ~ 2.7 × 1042 erg s−1 respectively.
ESO 148-2 has two nuclei with a projected separation of ~ 4.5 arcsec. The nuclei in ESO 148-2 are found close to each other. Each of them have different properties. The northern nucleus contains a velocity dispersion value agreeing with star formation and emission line ratios in alignment of both LINERS and H II regions. The southern nucleus on the other hand, is three times more luminous at 24 μm and harbors an active galactic nucleus detected by both infrared and X-rays with an absorption-corrected luminosity of logL2-10 = 42.38+0.24-0.28. In the supermassive black hole of the southern nucleus, new stars are born through powerful galactic outflows.