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Cowboy meatballs are boldly flavored with a sauce that starts with smoky, savory chipotles in adobo in order to balance the meaty, juicy meatballs and tangy cheese.
Preheat oven to 425°F. Gather all ingredients.
Gently mix ground beef, bacon, egg, onion, panko, chili powder, garlic, pepper, 1/2 cup of the cheese, 1 tablespoon of the chipotle chiles, 1 tablespoon of the Worcestershire, and 1/2 teaspoon of the salt in a large bowl until combined. Portion and roll meatballs into 12 (2-inch) balls (2 oz. each); arrange at least 1 inch apart on a parchment- or foil- lined baking sheet.
Bake meatballs in preheated oven until browned, about 12 to 15 minutes. Remove from oven and set aside.
While meatballs are baking, stir together tomatoes and chiles, barbecue sauce, chicken broth, tomato paste, and remaining 2 tablespoons Worcestershire, 1 tablespoon adobo sauce, 1 teaspoon salt in a large skillet. Bring to simmer over medium-high, then reduce heat to medium-low, and simmer, stirring often and pressing down on tomatoes with back of a wooden spoon or with a potato masher, until tomatoes are broken down and sauce is slightly thickened, about 10 minutes.
Transfer browned meatballs to sauce and return to medium. Cook, stirring gently and spooning sauce over meatballs, until evenly coated and an instant-read thermometer inserted into center of meatballs registers at least 160°F, 3 to 5 minutes. Sprinkle with remaining 1/2 cup cheese; cover, and let cook, undisturbed, until cheese is melted, about 2 minutes. Serve hot, garnished with scallions.