Battalion Oil Corp (BATL) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Battalion Oil reported revenue of $166.0M, down 14.4% from $193.9M the year before. Net income was $11.9M (a 7.2% net margin), or -$2.24 per diluted share. Gross margin was -4.0% and operating margin was -4.0%. Operating activities generated $39.1M of cash, leaving $39.1M of free cash flow. At fiscal year end, Battalion Oil held $460.7M in total assets against $493.5M in total liabilities, including $28.0M of cash and equivalents.
Open the full interactive Battalion Oil financials → Quarterly statements, key ratios, valuation history and price charts.
Battalion Oil Key Stats
| Share Price | $1.05 |
|---|---|
| Market Cap | $47.4M |
| Revenue YoY Growth | -14.4% |
| 52-Week Range | $1.00 – $27.68 |
| Shares Outstanding | 26.4 million (basic, 2026 Q2) |
Battalion Oil Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $148.3M | $285.2M | $359.1M | $220.8M | $193.9M | $166.0M |
| Cost of Goods Sold | $410.1M | $181.8M | $206.9M | $203.2M | $205.6M | $172.7M |
| Gross Profit | -$261.8M | $103.4M | $152.1M | $17.6M | -$11.7M | -$6.6M |
| Operating Income | -$261.8M | $103.4M | $152.1M | $17.6M | -$11.7M | -$6.6M |
| Pre-Tax Income | -$229.7M | -$28.3M | $18.5M | -$3.0M | -$31.9M | $11.9M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$229.7M | -$28.3M | $18.5M | -$3.0M | -$31.9M | $11.9M |
| Diluted EPS | -$14.18 | -$1.74 | $1.12 | -$0.92 | -$3.90 | -$2.24 |
Battalion Oil Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $43.5M | $32.3M | $39.2M | $48.1M |
| Net Income | -$735,000 | $1.8M | -$56.5M | $15.5M |
| Diluted EPS | -$0.91 | $0.11 | -$3.72 | $0.34 |
Battalion Oil Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.3M | $46.9M | $32.7M | $57.5M | $19.7M | $28.0M |
| Current Assets | $47.8M | $87.9M | $88.2M | $90.5M | $54.1M | $57.2M |
| Total Assets | $346.5M | $390.3M | $485.4M | $485.3M | $431.0M | $460.7M |
| Current Liabilities | $83.2M | $121.6M | $165.0M | $134.4M | $77.7M | $63.6M |
| Total Long-Term Debt | $160.2M | $181.7M | $217.7M | $190.4M | $157.8M | $203.5M |
| Total Liabilities | $256.5M | $326.6M | $400.7M | $417.3M | $426.9M | $493.5M |
| Shareholders' Equity | $90.0M | $63.7M | $84.6M | $68.0M | $4.1M | -$32.8M |
Battalion Oil Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $50.2M | $68.6M | $78.8M | $17.6M | $35.4M | $39.1M |
| Cash From Investing | -$72.4M | -$51.9M | -$126.1M | -$51.8M | -$65.4M | -$75.0M |
| Cash From Financing | $16.2M | $27.4M | $31.8M | $59.1M | -$7.7M | $44.1M |
| Free Cash Flow | — | — | — | — | — | $39.1M |
Figures from Battalion Oil's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Battalion Oil financials page for every line item.
Battalion Oil Company Profile
| Ticker | BATL |
|---|---|
| Exchange | NYSE |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001282648 |
Frequently Asked Questions
What was Battalion Oil's revenue in fiscal 2025?
Battalion Oil (BATL) reported revenue of $166.0M for fiscal 2025.
What is Battalion Oil's annual revenue history?
Battalion Oil's annual revenue by fiscal year: 2020: $148.3M; 2021: $285.2M; 2022: $359.1M; 2023: $220.8M; 2024: $193.9M; 2025: $166.0M.
What was Battalion Oil's net income in fiscal 2025?
Battalion Oil reported net income of $11.9M for fiscal 2025.
What was Battalion Oil's earnings per share (EPS) in fiscal 2025?
Battalion Oil's diluted EPS was -$2.24 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Battalion Oil generate in fiscal 2025?
Battalion Oil generated $39.1M of free cash flow in fiscal 2025.
What was Battalion Oil's revenue last quarter?
In its most recent reported quarter (2026 Q2), Battalion Oil reported revenue of $48.1M.
How much debt does Battalion Oil have?
Battalion Oil reported $203.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Battalion Oil are outstanding?
Battalion Oil reported a weighted average of 26.4 million basic shares outstanding in 2026 Q2.
What is Battalion Oil's market cap?
Based on its latest closing price, Battalion Oil (BATL) has a market capitalization of about $47.4M.
When does Battalion Oil's fiscal year end?
Battalion Oil's fiscal year end, as registered with the SEC, is December 31.
Where is Battalion Oil headquartered?
Battalion Oil lists its business address in Houston, Texas in its SEC filings.