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BATLBattalion Oil Corporation
$1.78$30M
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BATL logoBattalion Oil Corporation(BATL)Earnings, Financials & Key Ratios

BATL•AMEX
$1.78
Price updated Jul 7, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryU.S. shale oil focused producers
AboutBattalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of December 31, 2021, the company held interests in 40,400 net acres in the Delaware Basin located in the counties of Pecos, Reeves, Ward, and Winkler, Texas. It also had estimated proved reserves of approximately 95.9 million barrels of oil equivalent comprising 58.7 million barrels of crude oil, 16.3 million barrels of natural gas liquids, and 125.0 billion cubic feet of natural gas. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020. Battalion Oil Corporation was founded in 1987 and is headquartered in Houston, Texas.Show more
  • Revenue$165M-14.9%
  • EBITDA$46M+10.5%
  • Net Income$12M+137.3%
  • EPS (Diluted)-2.24+42.6%
  • Gross Margin10.8%-73.6%
  • EBITDA Margin27.59%+29.9%
  • Operating Margin-4.02%+33.6%
  • Net Margin7.2%+143.8%
  • ROE6.33%+135.4%

BATL Price & Volume

Battalion Oil Corporation (BATL) stock price & volume — 10-year historical chart

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Persistent Revenue Contraction Challenges Operational Solvency Outlook

Investment Thesis • Updated 2026Q1

VerdictNegative: The company's inability to maintain a current ratio above 1.0
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and solvency constraints

Key Thesis Takeaways

  • Battalion Oil faces a precarious fundamental outlook characterized by consistent top-line erosion and an inability to sustain positive free cash flow, as evidenced by a 17.7% year-over-year revenue decline in 2026Q1.
  • While the company has attempted to manage its capital structure, the persistent accumulation of a $329.5 million deficit in retained earnings suggests significant long-term value destruction.
  • Investors should remain cautious as the firm's high capital intensity, which saw CapEx/Revenue reach 122.4% in 2025Q3, continues to outpace its ability to generate internal liquidity.

Verdict Logic

currently at 0.90, combined with a deeply negative retained earnings balance of $329.5 million, indicates significant solvency risks that outweigh potential upside.

BATL Growth Metrics

Battalion Oil Corporation (BATL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-11.35%
5 Years2.15%
3 Years-22.84%
TTM-17.74%

Profit CAGR

10 Years-
5 Years-
3 Years-13.79%
TTM-1047.25%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-131.41%

Return on Capital

10 Years-1.01%
5 Years18.13%
3 Years0.04%
Last Year-1.77%

BATL Recent Earnings

Battalion Oil Corporation (BATL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 4/12 qtrs (50%)
Q2 2026Latest
Mar 23, 2026
Metric
Actual
Est
EPS
$1.16
—
Rev
$32M
—
Q4 2025
Nov 13, 2025
Metric
Actual
Est
EPS
$0.96
—
Rev
$43M
—
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.65
—
Rev
$43M
—
Q2 2025
May 14, 2025
Metric
Actual
Est
EPS
$1.00
—
Rev
$47M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 23, 2026
$1.16
$32M
Q4 2025Nov 13, 2025
$0.96
$43M
Q3 2025Aug 14, 2025
$0.65
$43M
Q2 2025May 14, 2025
$1.00
$47M
Based on last 12 quarters of dataView full earnings history →

Latest BATL News

Recent stock market news and headlines for Battalion Oil Corporation (BATL)

GlobeNewsWire·Jul 1, 2026
Battalion Oil Announces Refinancing and Execution of Third Amended and Restated Credit Agreement

Houston, Texas, July 01, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced the closing of a refinancing of its senior secured credit facility through the execution of a Third Amended and Restated Senior Secured Credit Agreement (the “New Credit Agreement”), which reduces borrowing costs, extends debt maturity through December 2029, defers principal amortization, and provides potential access to additional discretionary capital to support the Company's ongoing operations and strategic objectives. Key Highlights Achieved improved terms with no new cash borrowing and no novation, as existing lenders rolled the full $162.5 million of outstanding term loans into the New Credit Agreement, emphasizing continued lender confidence in Battalion's credit.

Peers Comparison

Key metrics vs top competitors for Battalion Oil Corporation (BATL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BATL logoBATLBattalion Oil CorporationCurrent
$1.78$29.72M-0.79-14.92%7.2%6.33%—
CIVI logoCIVICivitas Resources, Inc.
$27.38$2.34B3.2449.76%13.56%9.55%—
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.75$192.85M3.8936.55%-19.55%-3.39%—
SD logoSDSandRidge Energy, Inc.
$13.47$496.04M7.0924.8%46.37%15.09%—
MTDR logoMTDRMatador Resources Company
$52.14$6.48B8.565.1%14.38%8.23%—
MGY logoMGYMagnolia Oil & Gas Corporation
$25.79$4.79B14.74-0.31%24.4%16.03%—

Compare BATL vs Peers

Battalion Oil Corporation (BATL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIVI

Most directly comparable listed peer for BATL.

Scale Benchmark

vs XOM

Larger-name benchmark to compare BATL against a more recognizable public peer.

Peer Set

Compare Top 5

vs CIVI, TPVG, SD, MTDR

BATL SEC Filings & Documents

Battalion Oil Corporation (BATL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 13, 2026·SEC

Material company update

May 5, 2026·SEC

Material company update

Apr 3, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 23, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Apr 1, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 14, 2025·SEC

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BATL Frequently Asked Questions

Battalion Oil Corporation (BATL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Battalion Oil Corporation's revenue?

Battalion Oil Corporation (BATL) reported $157.5M in revenue for fiscal year 2025.

How fast is Battalion Oil Corporation growing?

Battalion Oil Corporation (BATL) saw revenue decline by 14.9% over the past year.

Is BATL profitable?

Battalion Oil Corporation (BATL) reported a net loss of $50.6M for fiscal year 2025.

Dividend & Returns
What is BATL's return on equity?

Battalion Oil Corporation (BATL) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.

What is Battalion Oil Corporation's free cash flow?

Battalion Oil Corporation (BATL) generated $39.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BATL back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

See returns →