Battalion Oil Corporation (BATL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Battalion Oil Corporation (BATL) stock price & volume — 10-year historical chart
Battalion Oil Corporation (BATL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Battalion Oil Corporation (BATL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 23, 2026 | $1.16 | $32M |
| Q4 2025 | Nov 13, 2025 | $0.96 | $43M |
| Q3 2025 | Aug 14, 2025 | $0.65 | $43M |
| Q2 2025 | May 14, 2025 | $1.00 | $47M |
Battalion Oil Corporation (BATL) competitors in U.S. shale oil focused producers — business model, growth, and fundamentals comparison
Battalion Oil Corporation (BATL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Battalion Oil Corporation (BATL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 377.96M | 226.61M | 224.69M | 148.29M | 285.2M | 359.06M | 220.76M | 193.89M | 164.96M |
| Revenue Growth % | -9.59% | -40.04% | -0.85% | -34% | 92.33% | 25.9% | -38.52% | -12.17% | -14.92% |
| Cost of Goods Sold | 193.69M | 111.18M | 170.56M | 107.87M | 104.92M | 125.18M | 120.58M | 114.65M | 44.8M |
| COGS % of Revenue | 51.25% | 49.06% | 75.91% | 72.74% | 36.79% | 34.86% | 54.62% | 59.13% | 27.16% |
| Gross Profit | 184.28M▲ 0% | 115.43M▼ 37.4% | 54.12M▼ 53.1% | 40.42M▼ 25.3% | 180.28M▲ 346.0% | 233.89M▲ 29.7% | 100.18M▼ 57.2% | 79.24M▼ 20.9% | 120.16M▲ 51.6% |
| Gross Margin % | 48.75% | 50.94% | 24.09% | 27.26% | 63.21% | 65.14% | 45.38% | 40.87% | 72.84% |
| Gross Profit Growth % | 82.05% | -37.36% | -53.11% | -25.31% | 346.02% | 29.73% | -57.17% | -20.91% | 51.64% |
| Operating Expenses | 182.89M | 134.93M | 1.11B | 302.25M | 76.91M | 81.75M | 82.6M | 90.98M | 127.88M |
| OpEx % of Revenue | 48.39% | 59.54% | 492.29% | 203.83% | 26.97% | 22.77% | 37.42% | 46.92% | 77.52% |
| Selling, General & Admin | 111.35M | 62.06M | 41.66M | 18.46M | 16.51M | 17.64M | 19.02M | 18.36M | 14.62M |
| SG&A % of Revenue | 29.46% | 27.38% | 18.54% | 12.45% | 5.79% | 4.91% | 8.62% | 9.47% | 8.86% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 40.78M | 72.41M | 1.06B | 283.8M | 60.4M | 64.12M | 63.58M | 72.63M | 113.25M |
| Operating Income | 715.42M▲ 0% | 92.14M▼ 87.1% | -1.05B▼ 1241.7% | -261.83M▲ 75.1% | 103.37M▲ 139.5% | 152.14M▲ 47.2% | 17.58M▼ 88.4% | -11.74M▼ 166.8% | -6.64M▲ 43.5% |
| Operating Margin % | 189.28% | 40.66% | -468.2% | -176.57% | 36.25% | 42.37% | 7.96% | -6.06% | -4.02% |
| Operating Income Growth % | 1279.98% | -87.12% | -1241.72% | 75.11% | 139.48% | 47.17% | -88.44% | -166.8% | 43.49% |
| EBITDA | 825.63M | 169.67M | -941.07M | -199.78M | 148.78M | 204.05M | 74.21M | 41.18M | -6.64M |
| EBITDA Margin % | 218.44% | 74.87% | -418.84% | -134.72% | 52.17% | 56.83% | 33.61% | 21.24% | -4.02% |
| EBITDA Growth % | 672.89% | -79.45% | -654.66% | 78.77% | 174.47% | 37.15% | -63.63% | -44.5% | -116.12% |
| D&A (Non-Cash Add-back) | 110.21M | 77.53M | 110.91M | 62.05M | 45.41M | 51.91M | 56.62M | 52.93M | 0 |
| EBIT | 601.78M | 184.76M | -1.11B | -223.07M | -20.3M | 42.13M | 30.27M | -16.93M | 0 |
| Net Interest Income | -71.1M | -43.02M | -38.88M | -6.63M | -8.02M | -23.59M | -33.32M | -26.89M | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.12M | 0 |
| Interest Expense | 71.1M | 43.02M | 38.88M | 6.63M | 8.02M | 23.59M | 33.32M | 29.01M | -26.75M |
| Other Income/Expense | -184.74M | 49.61M | -94.96M | 32.13M | -131.69M | -133.6M | -20.63M | -20.14M | 18.52M |
| Pretax Income | 530.69M▲ 0% | 141.75M▼ 73.3% | -1.15B▼ 909.1% | -229.71M▲ 80.0% | -28.32M▲ 87.7% | 18.54M▲ 165.5% | -3.05M▼ 116.4% | -31.88M▼ 946.0% | 11.88M▲ 137.3% |
| Pretax Margin % | 140.41% | 62.55% | -510.46% | -154.9% | -9.93% | 5.16% | -1.38% | -16.44% | 7.2% |
| Income Tax | -5M | 95.79M | -95.79M | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.94% | 67.58% | 8.35% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 535.69M▲ 0% | 45.96M▼ 91.4% | -1.05B▼ 2387.1% | -229.71M▲ 78.1% | -28.32M▲ 87.7% | 18.54M▲ 165.5% | -3.05M▼ 116.4% | -31.88M▼ 946.0% | 11.88M▲ 137.3% |
| Net Margin % | 141.73% | 20.28% | -467.83% | -154.9% | -9.93% | 5.16% | -1.38% | -16.44% | 7.2% |
| Net Income Growth % | 214.65% | -91.42% | -2387.14% | 78.15% | 87.67% | 165.47% | -116.44% | -946% | 137.26% |
| Net Income (Continuing) | 535.69M | 45.96M | -1.05B | -229.71M | -28.32M | 18.54M | -3.05M | -31.88M | 11.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 36.50▲ 0% | 2.90▼ 92.1% | -85.30▼ 3041.4% | -14.18▲ 83.4% | -1.74▲ 87.7% | 1.12▲ 164.4% | -0.92▼ 182.1% | -3.90▼ 323.9% | -2.24▲ 42.6% |
| EPS Growth % | 167.34% | -92.05% | -3041.38% | 83.38% | 87.73% | 164.37% | -182.14% | -323.91% | 42.56% |
| EPS (Basic) | 36.70 | 2.90 | -85.30 | -14.18 | -1.74 | 1.14 | -0.92 | -3.90 | -2.24 |
| Diluted Shares Outstanding | 13.36M | 15.73M | 12.32M | 16.2M | 16.26M | 16.51M | 16.44M | 16.46M | 16.46M |
| Basic Shares Outstanding | 13.28M | 15.7M | 12.32M | 16.2M | 16.26M | 16.33M | 16.44M | 16.46M | 16.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Battalion Oil Corporation (BATL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 471.79M | 144.65M | 71.15M | 47.84M | 87.91M | 88.17M | 90.54M | 54.05M | 57.16M |
| Cash & Short-Term Investments | 424.07M | 46.87M | 14.28M | 4.29M | 48.75M | 32.73M | 57.53M | 19.71M | 27.96M |
| Cash Only | 424.07M | 46.87M | 14.28M | 4.29M | 48.75M | 32.73M | 57.53M | 19.71M | 27.96M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 43.34M | 94.25M | 54.75M | 40.8M | 36.81M | 37.97M | 23.02M | 26.3M | 19.42M |
| Days Sales Outstanding | 41.86 | 151.81 | 88.94 | 100.43 | 47.1 | 38.6 | 38.06 | 49.51 | 42.97 |
| Inventory | 10.57M | 4.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 19.93 | 15.6 | - | - | - | - | - | - | - |
| Other Current Assets | 54K | 35K | 36K | 1.85M | 1.38M | 16.75M | 9.5M | 7.47M | 9.78M |
| Total Non-Current Assets | 1.17B | 1.94B | 513.51M | 298.66M | 302.35M | 397.19M | 394.8M | 377M | 403.51M |
| Property, Plant & Equipment | 1.17B | 1.92B | 512.59M | 292.3M | 297.57M | 388.99M | 372.27M | 370.67M | 5.52M |
| Fixed Asset Turnover | 0.32x | 0.12x | 0.44x | 0.51x | 0.96x | 0.92x | 0.59x | 0.52x | 29.90x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 563K | 13.01M | 804K | 0 | 3.74M | 1.56M | 1.28M | 940K | 0 |
| Other Non-Current Assets | 1.13M | -81.17M | 123K | 6.36M | 1.04M | 6.64M | 21.25M | 5.39M | 398M |
| Total Assets | 1.64B▲ 0% | 2.08B▲ 26.8% | 584.67M▼ 71.9% | 346.5M▼ 40.7% | 390.27M▲ 12.6% | 485.36M▲ 24.4% | 485.34M▼ 0.0% | 431.05M▼ 11.2% | 460.68M▲ 6.9% |
| Asset Turnover | 0.23x | 0.11x | 0.38x | 0.43x | 0.73x | 0.74x | 0.45x | 0.45x | 0.36x |
| Asset Growth % | 24.55% | 26.77% | -71.94% | -40.74% | 12.63% | 24.37% | -0% | -11.19% | 6.87% |
| Total Current Liabilities | 150.34M | 161.74M | 106.43M | 83.18M | 121.6M | 165.03M | 134.42M | 77.66M | 63.64M |
| Accounts Payable | 35.69M | 68.96M | 36.04M | 22.74M | 25.32M | 42.92M | 24.91M | 15.66M | 0 |
| Days Payables Outstanding | 67.25 | 226.4 | 77.12 | 76.95 | 88.07 | 125.15 | 75.42 | 49.86 | - |
| Short-Term Debt | 0 | 0 | 923K | 1.72M | 454K | 35.07M | 50.11M | 12.25M | 23.27M |
| Deferred Revenue (Current) | 93.38M | 82.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 91.83M | 66.1M | 66.53M | 25.35M | 92.1M | 76.22M | 17.71M | 13.8M | 40.37M |
| Current Ratio | 3.14x | 0.89x | 0.67x | 0.58x | 0.72x | 0.53x | 0.67x | 0.70x | 0.90x |
| Quick Ratio | 3.07x | 0.86x | 0.67x | 0.58x | 0.72x | 0.53x | 0.67x | 0.70x | 0.90x |
| Cash Conversion Cycle | -5.47 | -58.99 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 421.29M | 724.82M | 161.58M | 173.36M | 204.96M | 235.71M | 176.37M | 171.73M | 429.83M |
| Long-Term Debt | 409.17M | 613.11M | 144M | 158.49M | 181.56M | 182.68M | 140.28M | 145.53M | 104K |
| Capital Lease Obligations | 0 | 0 | 2.25M | 0 | 352K | 0 | 490K | 84K | 0 |
| Deferred Tax Liabilities | 0 | 95.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 12.12M | 15.93M | 15.34M | 14.87M | 23.04M | 53.03M | 35.6M | 26.11M | 429.73M |
| Total Liabilities | 571.62M | 886.57M | 268.02M | 256.54M | 326.56M | 400.73M | 310.78M | 249.39M | 493.47M |
| Total Debt | 409.17M | 613.11M | 147.17M | 168.23M | 182.37M | 218.09M | 197.88M | 165.87M | 23.38M |
| Net Debt | -14.9M | 566.24M | 132.9M | 163.94M | 133.62M | 185.37M | 140.35M | 146.16M | -4.59M |
| Debt / Equity | 0.38x | 0.51x | 0.46x | 1.87x | 2.86x | 2.58x | 1.13x | 0.91x | - |
| Debt / EBITDA | 0.50x | 3.61x | - | - | 1.23x | 1.07x | 2.67x | 4.03x | - |
| Net Debt / EBITDA | -0.02x | 3.34x | - | - | 0.90x | 0.91x | 1.89x | 3.55x | - |
| Interest Coverage | 10.06x | 2.14x | -27.06x | -39.47x | 12.89x | 6.45x | 0.53x | -0.40x | - |
| Total Equity | 1.07B▲ 0% | 1.2B▲ 11.7% | 316.65M▼ 73.5% | 89.96M▼ 71.6% | 63.7M▼ 29.2% | 84.63M▲ 32.8% | 174.56M▲ 106.3% | 181.66M▲ 4.1% | -32.79M▼ 118.1% |
| Equity Growth % | 851.3% | 11.66% | -73.55% | -71.59% | -29.18% | 32.84% | 106.26% | 4.07% | -118.05% |
| Book Value per Share | 80.25 | 76.10 | 25.69 | 5.55 | 3.92 | 5.13 | 10.62 | 11.04 | -1.99 |
| Total Shareholders' Equity | 1.07B | 1.2B | 316.65M | 89.96M | 63.7M | 84.63M | 174.56M | 181.66M | -32.79M |
| Common Stock | 15K | 16K | 2K | 2K | 2K | 2K | 2K | 2K | 0 |
| Retained Earnings | 55.7M | 101.66M | -10.46M | -240.17M | -268.48M | -249.94M | -252.99M | -284.88M | -273M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -574.25M | -648.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Battalion Oil Corporation (BATL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 114.59M | 67.16M | -26.08M | 50.2M | 68.57M | 78.8M | 17.59M | 35.35M | 39.09M |
| Operating CF Margin % | 30.32% | 29.63% | -11.61% | 33.85% | 24.04% | 21.95% | 7.97% | 18.23% | 23.7% |
| Operating CF Growth % | -58.85% | -41.4% | -138.83% | 292.5% | 36.61% | 14.92% | -77.68% | 101.01% | 10.56% |
| Net Income | 535.69M | 45.96M | -1.17B | -229.71M | -28.32M | 18.54M | -3.05M | -31.88M | 11.88M |
| Depreciation & Amortization | 4.39M | 1.69M | 110.91M | 62.05M | 45.41M | 5.45M | 56.62M | 52.93M | 1.57M |
| Stock-Based Compensation | 36.76M | 15.27M | 0 | 2.58M | 2.01M | 2.21M | 0 | 152K | -109K |
| Deferred Taxes | -484.33M | 95.79M | -95.79M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 298K | -120.12M | 1.15B | 215.03M | 52.62M | 33.32M | -16.82M | 19.95M | 25.75M |
| Working Capital Changes | 21.79M | 28.57M | -27.52M | 238K | -3.15M | 19.28M | -19.16M | -5.79M | 0 |
| Change in Receivables | 103.17M | 378K | -6.79M | 13.51M | -4.65M | 594K | 15.66M | -2.77M | 14.46M |
| Change in Inventory | -325.14M | -22.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -77.69M | 22.35M | -16.91M | -17.99M | 865K | 18.45M | -35.02M | 0 | -11.11M |
| Cash from Investing | 598.59M | -706.49M | -297.21M | -72.35M | -51.91M | -126.13M | -51.84M | -65.44M | -74.95M |
| Capital Expenditures | -1.43B | -926.54M | -298.89M | -101.89M | -52.93M | -126.63M | -46.44M | -47K | 0 |
| CapEx % of Revenue | 377.96% | 408.87% | 133.02% | 68.71% | 18.56% | 35.27% | 21.04% | 0.02% | - |
| Acquisitions | 2.03B | 219.9M | 1.25M | 29.03M | 947K | 332K | 4.93M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.03B | 220.05M | 427K | 510K | 68K | 163K | -10.33M | -65.4M | -74.95M |
| Cash from Financing | -289.14M | 262.13M | 286.69M | 16.18M | 27.41M | 31.79M | 59.06M | -7.73M | 44.11M |
| Debt Issued (Net) | -675.28M | 206M | 133.76M | 16.21M | 27.7M | 35.1M | -35.09M | -38.11M | 0 |
| Equity Issued (Net) | 0 | 0 | 152.93M | -32K | -290K | 0 | 94.61M | 38.78M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -48.71M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 386.14M | 56.13M | -4K | 0 | 0 | -3.32M | -455K | -8.4M | 92.82M |
| Net Change in Cash | 424.05M▲ 0% | -377.2M▼ 189.0% | -32.59M▲ 91.4% | -8.24M▲ 74.7% | 42.71M▲ 618.4% | -15.54M▼ 136.4% | 24.81M▲ 259.6% | -37.82M▼ 252.4% | 8.25M▲ 121.8% |
| Free Cash Flow | -1.31B▲ 0% | -859.38M▲ 34.6% | -324.96M▲ 62.2% | -51.7M▲ 84.1% | 15.64M▲ 130.3% | -47.82M▼ 405.7% | -28.85M▲ 39.7% | -29.34M▼ 1.7% | 39.09M▲ 233.2% |
| FCF Margin % | -347.64% | -379.24% | -144.63% | -34.86% | 5.49% | -13.32% | -13.07% | -15.13% | 23.7% |
| FCF Growth % | -11131.42% | 34.6% | 62.19% | 84.09% | 130.26% | -405.7% | 39.67% | -1.69% | 233.23% |
| FCF per Share | -98.37 | -54.64 | -26.37 | -3.19 | 0.96 | -2.90 | -1.75 | -1.78 | 2.38 |
| FCF Conversion (FCF/Net Income) | 0.21x | 1.46x | 0.02x | -0.22x | -2.42x | 4.25x | -5.77x | -1.11x | 3.29x |
| Interest Paid | 90.83M | 37.53M | 0 | 0 | 0 | 0 | 0 | 22.32M | 0 |
| Taxes Paid | 1.25M | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Battalion Oil Corporation (BATL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -331.06% | 90.44% | 4.05% | -138.88% | -112.99% | -36.86% | 25% | -2.35% | -17.9% | 15.96% |
| Return on Invested Capital (ROIC) | -2.21% | 50.28% | 4.9% | -71.31% | -55.83% | 34.36% | 48.83% | 4.51% | -2.74% | -3.43% |
| Gross Margin | 24.21% | 48.75% | 50.94% | 24.09% | 27.26% | 63.21% | 65.14% | 45.38% | 40.87% | 72.84% |
| Net Margin | -111.76% | 141.73% | 20.28% | -467.83% | -154.9% | -9.93% | 5.16% | -1.38% | -16.44% | 7.2% |
| Debt / Equity | 8.56x | 0.38x | 0.51x | 0.46x | 1.87x | 2.86x | 2.58x | 1.13x | 0.91x | - |
| Interest Coverage | -0.40x | 10.06x | 2.14x | -27.06x | -39.47x | 12.89x | 6.45x | 0.53x | -0.40x | - |
| FCF Conversion | -0.60x | 0.21x | 1.46x | 0.02x | -0.22x | -2.42x | 4.25x | -5.77x | -1.11x | 3.29x |
| Revenue Growth | -24.03% | -9.59% | -40.04% | -0.85% | -34% | 92.33% | 25.9% | -38.52% | -12.17% | -14.92% |
Battalion Oil Corporation (BATL) stock FAQ — growth, dividends, profitability & financials explained
Battalion Oil Corporation (BATL) reported $165.0M in revenue for fiscal year 2025.
Battalion Oil Corporation (BATL) saw revenue decline by 14.9% over the past year.
Yes, Battalion Oil Corporation (BATL) is profitable, generating $11.9M in net income for fiscal year 2025 (7.2% net margin).
Yes, Battalion Oil Corporation (BATL) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.
Battalion Oil Corporation (BATL) has a return on equity (ROE) of 16.0%. This is reasonable for most industries.
Battalion Oil Corporation (BATL) generated $39.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Battalion Oil Corporation (BATL) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates