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BATTALION OIL CORP
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Last updated Oct 16, 2026.
Overview
Compare with SandRidge Energy, DORCHESTER MINERALS, L.P. or PRIMEENERGY RESOURCES CORP, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Oil brought in 87% of the revenue BATTALION OIL CORP broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Oil | $174.6M | $143.0M |
| Natural Gas Liquids (NGL) | $20.8M | $18.3M |
| Natural gas | -$2.2M | $3.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs75¢$124.2M
- Interest17¢$28.8M
- Profit7¢$11.9M
Out of $165.0M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$39.1M
Out of $39.1M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total oil, natural gas and natural gas liquids sales | $165.0M | $193.2M |
| Other | $1.1M | $677.0K |
| Total operating revenues | $166.0M | $193.9M |
| Lease operating | $44.8M | $45.3M |
| Workover and other | $6.5M | $5.2M |
| Taxes other than income | $9.8M | $11.2M |
| Gathering and other | $43.7M | $54.1M |
| General and administrative | $14.6M | $18.4M |
| Depletion, depreciation and accretion | $52.1M | $52.9M |
| Asset impairment | $1.1M | $18.5M |
| Total operating expenses | $172.7M | $205.6M |
| Loss from operations | -$6.6M | -$11.7M |
| Net gain on derivative contracts | $45.3M | $2.3M |
| Interest expense and other | -$26.7M | -$15.0M |
| Loss on extinguishment of debt | -$7.5M | |
| Total other income (expenses) | $18.5M | -$20.1M |
| Income (loss) before income taxes | $11.9M | -$31.9M |
| Income tax benefit (provision) | $0 | $0 |
| Net income (loss) | $11.9M | -$31.9M |
| Preferred dividends | -$48.7M | -$32.2M |
| Net loss available to common stockholders | -$36.8M | -$64.1M |
| Basic (in dollars per share) | -$2.24 | -$3.90 |
| Diluted (in dollars per share) | -$2.24 | -$3.90 |
| Basic (in shares) | 16.5M shares | 16.5M shares |
| Diluted (in shares) | 16.5M shares | 16.5M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $28.0M | $19.7M | |
| Accounts receivable, net | $12.1M | $26.3M | |
| Assets from derivative contracts | $16.1M | $7.0M | |
| Restricted cash | $91.0K | $91.0K | |
| Prepaids and other | $892.0K | $982.0K | |
| Total current assets | $57.2M | $54.1M | |
| Evaluated | $890.0M | $816.2M | |
| Unevaluated | $48.0M | $49.1M | |
| Gross oil and natural gas properties | $938.1M | $865.3M | |
| Less - accumulated depletion | -$548.0M | -$497.3M | |
| Net oil and natural gas properties | $390.1M | $368.0M | |
| Other operating property and equipment | $4.7M | $4.7M | |
| Less - accumulated depreciation | -$2.8M | -$2.5M | |
| Net other operating property and equipment | $1.9M | $2.2M | |
| Assets from derivative contracts | $7.3M | $4.1M | |
| Operating lease right of use assets | $840.0K | $453.0K | |
| Other assets | $3.4M | $2.3M | |
| Total assets | $460.7M | $431.0M | |
| Accounts payable and accrued liabilities | $39.7M | $52.7M | |
| Liabilities from derivative contracts | $633.0K | $12.3M | |
| Current portion of long-term debt | $22.5M | $12.2M | |
| Operating lease liabilities | $764.0K | $406.0K | |
| Total current liabilities | $63.6M | $77.7M | |
| Long-term debt, net | $181.0M | $145.5M | |
| Liabilities from derivative contracts | $1.7M | $7.0M | |
| Asset retirement obligations | $20.8M | $19.2M | |
| Operating lease liabilities | $104.0K | $84.0K | |
| Redeemable convertible preferred stock: 138,000 shares of $0.0001 par value authorized, issued and outstanding as of December 31, 2025 and 2024 | $226.2M | $177.5M | |
| Common stock: 100,000,000 shares of $0.0001 par value authorized; 16,456,563 shares issued and outstanding as of December 31, 2025 and 2024 | $2.0K | $2.0K | |
| Additional paid-in capital | $240.2M | $289.0M | |
| Accumulated deficit | -$273.0M | -$284.9M | |
| Total stockholders' (deficit) equity | -$32.8M | $4.1M | $68.0M |
| Total liabilities, temporary equity and stockholders' (deficit) equity | $460.7M | $431.0M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 138.0K shares | 138.0K shares | |
| Preferred stock, shares issued | 138.0K shares | 138.0K shares | |
| Preferred stock, shares outstanding | 138.0K shares | 138.0K shares | |
| Common stock, shares authorized | 100.0M shares | 100.0M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares issued | 16.5M shares | 16.5M shares | |
| Common stock, shares outstanding | 16.5M shares | 16.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $11.9M | -$31.9M |
| Depletion, depreciation and accretion | $52.1M | $52.9M |
| Asset impairment | $1.1M | $18.5M |
| Stock-based compensation, net | -$109.0K | $152.0K |
| Unrealized gain on derivative contracts | -$29.4M | -$11.1M |
| Amortization/accretion of financing related costs | $1.6M | $6.4M |
| Loss on extinguishment of debt | $7.5M | |
| Accrued settlements on derivative contracts | -$1.8M | $403.0K |
| Change in fair value of embedded derivative liability | -$2.1M | |
| Other expense | $358.0K | $324.0K |
| Accounts receivable | $14.5M | -$2.8M |
| Prepaids and other | $91.0K | -$75.0K |
| Accounts payable and accrued liabilities | -$11.1M | -$2.9M |
| Net cash provided by operating activities | $39.1M | $35.4M |
| Oil and natural gas capital expenditures | -$74.6M | -$64.6M |
| Proceeds received from sales of oil and natural gas assets | $7.0M | |
| Acquisition of oil and natural gas properties | -$47.0K | |
| Other operating property and equipment capital expenditures | -$15.0K | -$23.0K |
| Contract asset | -$7.7M | |
| Other | -$380.0K | -$26.0K |
| Net cash used in investing activities | -$75.0M | -$65.4M |
| Proceeds from borrowings | $63.0M | $162.0M |
| Repayments of borrowings | -$17.0M | -$200.1M |
| Payment of deferred financing costs | -$1.9M | -$8.4M |
| Proceeds from issuance of preferred stock | $38.8M | |
| Net cash provided by (used in) financing activities | $44.1M | -$7.7M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $8.3M | -$37.8M |
| Cash paid for interest | $27.2M | $22.3M |
| Asset retirement obligations | $598.0K | $707.0K |
| Capital expenditures in accrued liabilities and accounts payable | $2.2M | $7.5M |
| Deemed dividends on Series A preferred stock | $48.7M | $32.2M |
Former names
Recent filings
- Oct 9, 20263
- Oct 1, 20268-K
- Sep 30, 20268-K
- Sep 23, 20264 OWNERSHIP DOCUMENT
- Sep 16, 20268-K
- Aug 28, 20264 OWNERSHIP DOCUMENT
- Aug 28, 20264 OWNERSHIP DOCUMENT
- Aug 28, 20264 OWNERSHIP DOCUMENT
- Aug 17, 2026SCHEDULE 13D/A
- Aug 14, 2026SCHEDULE 13G/A
- Aug 12, 20268-K
- Aug 12, 202610-Q
- Aug 7, 20268-K
- Aug 7, 20264 OWNERSHIP DOCUMENT
- Aug 7, 2026SCHEDULE 13D/A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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