Battalion Oil Corporation (BATL) 10-Year Financial Performance & Capital Metrics

BATL • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&PPermian Basin Shale Leaders

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 $194M -12.2%
EBITDA $41M -44.5%
Net Income -$32M -946.0%
EPS (Diluted) -3.90 -323.9%
Gross Margin 40.87% -9.9%
EBITDA Margin 21.24% -36.8%
Operating Margin -6.06% -176.1%
Net Margin -16.44% -1090.9%
ROE -17.9% -661.1%
ROIC -2.74% -160.8%
Debt/Equity 0.91 -19.5%
Interest Coverage -0.40 -176.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.1x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-16.29%

5Y-2.9%

3Y-12.07%

TTM-4.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-152.67%

EPS CAGR

10Y-

5Y-

3Y-

TTM-318.75%

ROCE

10Y Avg-7.04%

5Y Avg4.36%

3Y Avg17.85%

Latest-3.34%

Peer Comparison

Permian Basin Shale Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRPermian Resources Corporation	10.67B	14.32	9.88	60.23%	15.65%	7.21%	2.73%	0.41
FANGDiamondback Energy, Inc.	43.21B	150.82	9.71	32.19%	27.42%	9.19%		0.31
EOGEOG Resources, Inc.	58.61B	108.02	9.60	0.85%	24.49%	18.26%	9.85%	0.17
HPKHighPeak Energy, Inc.	592.77M	4.72	7.04	-3.77%	6.03%	3.27%	11.68%	0.66
MTDRMatador Resources Company	5.32B	42.79	5.99	23.47%	20.42%	13.34%	5.27%	0.39
SMSM Energy Company	2.1B	18.34	2.75	12.53%	22.19%	15.43%		0.67
BATLBattalion Oil Corporation	20.41M	1.24	-0.32	-12.17%	-6.61%	-17.9%		0.91
VTLEVital Energy, Inc.	693.32M	17.92	-3.78	26.15%	-69.28%	-74.84%		0.95

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	550.28M	418.06M	377.96M	226.61M	224.69M	148.29M	285.2M	359.06M	220.76M	193.89M
Revenue Growth %	-0.52%	-0.24%	-0.1%	-0.4%	-0.01%	-0.34%	0.92%	0.26%	-0.39%	-0.12%
Cost of Goods Sold+	488.66M	316.84M	193.69M	111.18M	170.56M	107.87M	104.92M	125.18M	120.58M	114.65M
COGS % of Revenue	0.89%	0.76%	0.51%	0.49%	0.76%	0.73%	0.37%	0.35%	0.55%	0.59%
Gross Profit+	61.62M	101.22M	184.28M	115.43M	54.12M	40.42M	180.28M	233.89M	100.18M	79.24M
Gross Margin %	0.11%	0.24%	0.49%	0.51%	0.24%	0.27%	0.63%	0.65%	0.45%	0.41%
Gross Profit Growth %	-0.87%	0.64%	0.82%	-0.37%	-0.53%	-0.25%	3.46%	0.3%	-0.57%	-0.21%
Operating Expenses+	2.64B	161.85M	182.89M	134.93M	1.11B	302.25M	76.91M	81.75M	82.6M	90.98M
OpEx % of Revenue	4.8%	0.39%	0.48%	0.6%	4.92%	2.04%	0.27%	0.23%	0.37%	0.47%
Selling, General & Admin	87.77M	125.04M	111.35M	62.06M	41.66M	18.46M	16.51M	17.64M	19.02M	18.36M
SG&A % of Revenue	0.16%	0.3%	0.29%	0.27%	0.19%	0.12%	0.06%	0.05%	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	40.28M	36.82M	40.78M	72.41M	1.06B	283.8M	60.4M	64.12M	63.58M	72.63M
Operating Income+	-2.74B	-60.63M	715.42M	92.14M	-1.05B	-261.83M	103.37M	152.14M	17.58M	-11.74M
Operating Margin %	-4.99%	-0.15%	1.89%	0.41%	-4.68%	-1.77%	0.36%	0.42%	0.08%	-0.06%
Operating Income Growth %	-46.01%	0.98%	12.8%	-0.87%	-12.42%	0.75%	1.39%	0.47%	-0.88%	-1.67%
EBITDA+	-2.38B	106.82M	825.63M	169.67M	-941.07M	-199.78M	148.78M	204.05M	74.21M	41.18M
EBITDA Margin %	-4.33%	0.26%	2.18%	0.75%	-4.19%	-1.35%	0.52%	0.57%	0.34%	0.21%
EBITDA Growth %	-6%	1.04%	6.73%	-0.79%	-6.55%	0.79%	1.74%	0.37%	-0.64%	-0.45%
D&A (Non-Cash Add-back)	364.2M	167.45M	110.21M	77.53M	110.91M	62.05M	45.41M	51.91M	56.62M	52.93M
EBIT	-1.68B	-104.23M	601.78M	184.76M	-1.11B	-223.07M	-20.3M	42.13M	30.27M	-16.93M
Net Interest Income+	-232.88M	-151.11M	-71.1M	-43.02M	-38.88M	-6.63M	-8.02M	-23.59M	-33.32M	-26.89M
Interest Income	0	0	0	0	0	0	0	0	0	2.12M
Interest Expense	232.88M	151.11M	71.1M	43.02M	38.88M	6.63M	8.02M	23.59M	33.32M	29.01M
Other Income/Expense	830.97M	-332.26M	-184.74M	49.61M	-94.96M	32.13M	-131.69M	-133.6M	-20.63M	-20.14M
Pretax Income+	-1.91B	-471.16M	530.69M	141.75M	-1.15B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Pretax Margin %	-3.48%	-1.13%	1.4%	0.63%	-5.1%	-1.55%	-0.1%	0.05%	-0.01%	-0.16%
Income Tax+	9.09M	-3.92M	-5M	95.79M	-95.79M	0	0	0	0	0
Effective Tax Rate %	1%	0.99%	1.01%	0.32%	0.92%	1%	1%	1%	1%	1%
Net Income+	-1.92B	-467.24M	535.69M	45.96M	-1.05B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Net Margin %	-3.49%	-1.12%	1.42%	0.2%	-4.68%	-1.55%	-0.1%	0.05%	-0.01%	-0.16%
Net Income Growth %	-7.09%	0.76%	2.15%	-0.91%	-23.87%	0.78%	0.88%	1.65%	-1.16%	-9.46%
Net Income (Continuing)	-1.92B	-467.24M	535.69M	45.96M	-1.05B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	117.17M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-186.60	-54.20	36.50	2.90	-85.30	-14.18	-1.74	1.12	-0.92	-3.90
EPS Growth %	-32.63%	0.71%	1.67%	-0.92%	-30.41%	0.83%	0.88%	1.64%	-1.82%	-3.24%
EPS (Basic)	-186.60	-54.20	36.70	2.90	-85.30	-14.18	-1.74	1.14	-0.92	-3.90
Diluted Shares Outstanding	10.75M	9.3M	13.36M	15.73M	12.32M	16.2M	16.26M	16.51M	16.44M	16.46M
Basic Shares Outstanding	10.75M	9.3M	13.28M	15.7M	12.32M	16.2M	16.26M	16.33M	16.44M	16.46M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	556.59M	160.65M	471.79M	144.65M	71.15M	47.84M	87.91M	88.17M	90.54M	54.05M
Cash & Short-Term Investments	8.03M	24K	424.07M	46.87M	14.28M	4.29M	48.75M	32.73M	57.53M	19.71M
Cash Only	8.03M	24K	424.07M	46.87M	14.28M	4.29M	48.75M	32.73M	57.53M	19.71M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	522.49M	153.69M	43.34M	94.25M	54.75M	40.8M	36.81M	37.97M	23.02M	26.3M
Days Sales Outstanding	346.56	134.18	41.86	151.81	88.94	100.43	47.1	38.6	38.06	49.51
Inventory	4.63M	6.89M	10.57M	4.75M	0	0	0	0	0	0
Days Inventory Outstanding	3.46	7.93	19.93	15.6	-	-	-	-	-	-
Other Current Assets	16.86M	236K	54K	35K	36K	1.85M	1.38M	16.75M	9.5M	7.47M
Total Non-Current Assets+	2.9B	1.16B	1.17B	1.94B	513.51M	298.66M	302.35M	397.19M	394.8M	377M
Property, Plant & Equipment	2.88B	1.16B	1.17B	1.92B	512.59M	292.3M	297.57M	388.99M	372.27M	370.67M
Fixed Asset Turnover	0.19x	0.36x	0.32x	0.12x	0.44x	0.51x	0.96x	0.92x	0.59x	0.52x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	209K	1.89M	563K	13.01M	804K	0	3.74M	1.56M	1.28M	940K
Other Non-Current Assets	1.6M	0	1.13M	-81.17M	123K	6.36M	1.04M	6.64M	21.25M	5.39M
Total Assets+	3.46B	1.32B	1.64B	2.08B	584.67M	346.5M	390.27M	485.36M	485.34M	431.05M
Asset Turnover	0.16x	0.32x	0.23x	0.11x	0.38x	0.43x	0.73x	0.74x	0.45x	0.45x
Asset Growth %	-0.46%	-0.62%	0.25%	0.27%	-0.72%	-0.41%	0.13%	0.24%	-0%	-0.11%
Total Current Liabilities+	295.25M	207.55M	150.34M	161.74M	106.43M	83.18M	121.6M	165.03M	134.42M	77.66M
Accounts Payable	47.26M	24.36M	35.69M	68.96M	36.04M	22.74M	25.32M	42.92M	24.91M	15.66M
Days Payables Outstanding	35.3	28.07	67.25	226.4	77.12	76.95	88.07	125.15	75.42	49.86
Short-Term Debt	0	0	0	0	923K	1.72M	454K	35.07M	50.11M	12.25M
Deferred Revenue (Current)	1000K	422K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	227.66M	178.77M	91.83M	66.1M	66.53M	25.35M	92.1M	76.22M	17.71M	13.8M
Current Ratio	1.89x	0.77x	3.14x	0.89x	0.67x	0.58x	0.72x	0.53x	0.67x	0.70x
Quick Ratio	1.87x	0.74x	3.07x	0.86x	0.67x	0.58x	0.72x	0.53x	0.67x	0.70x
Cash Conversion Cycle	314.73	114.04	-5.47	-58.99	-	-	-	-	-	-
Total Non-Current Liabilities+	3.11B	999.43M	421.29M	724.82M	161.58M	173.36M	204.96M	235.71M	176.37M	171.73M
Long-Term Debt	2.87B	964.65M	409.17M	613.11M	144M	158.49M	181.56M	182.68M	140.28M	145.53M
Capital Lease Obligations	0	0	0	0	2.25M	0	352K	0	490K	84K
Deferred Tax Liabilities	136.83M	0	0	95.79M	0	0	0	0	0	0
Other Non-Current Liabilities	237.39M	34.78M	12.12M	15.93M	15.34M	14.87M	23.04M	53.03M	35.6M	26.11M
Total Liabilities	3.41B	1.21B	571.62M	886.57M	268.02M	256.54M	326.56M	400.73M	310.78M	249.39M
Total Debt+	2.87B	964.65M	409.17M	613.11M	147.17M	168.23M	182.37M	218.09M	197.88M	165.87M
Net Debt	2.87B	964.63M	-14.9M	566.24M	132.9M	163.94M	133.62M	185.37M	140.35M	146.16M
Debt / Equity	16.95x	8.56x	0.38x	0.51x	0.46x	1.87x	2.86x	2.58x	1.13x	0.91x
Debt / EBITDA	-	9.03x	0.50x	3.61x	-	-	1.23x	1.07x	2.67x	4.03x
Net Debt / EBITDA	-	9.03x	-0.02x	3.34x	-	-	0.90x	0.91x	1.89x	3.55x
Interest Coverage	-11.79x	-0.40x	10.06x	2.14x	-27.06x	-39.47x	12.89x	6.45x	0.53x	-0.40x
Total Equity+	169.58M	112.69M	1.07B	1.2B	316.65M	89.96M	63.7M	84.63M	174.56M	181.66M
Equity Growth %	-0.91%	-0.34%	8.51%	0.12%	-0.74%	-0.72%	-0.29%	0.33%	1.06%	0.04%
Book Value per Share	15.77	12.12	80.25	76.10	25.69	5.55	3.92	5.13	10.62	11.04
Total Shareholders' Equity	52.41M	112.69M	1.07B	1.2B	316.65M	89.96M	63.7M	84.63M	174.56M	181.66M
Common Stock	12K	9K	15K	16K	2K	2K	2K	2K	2K	2K
Retained Earnings	-3.23B	-479.98M	55.7M	101.66M	-10.46M	-240.17M	-268.48M	-249.94M	-252.99M	-284.88M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-5.96B	-466.96M	-574.25M	-648.34M	0	0	0	0	0	0
Minority Interest	117.17M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	467M	278.48M	114.59M	67.16M	-26.08M	50.2M	68.57M	78.8M	17.59M	35.35M
Operating CF Margin %	0.85%	0.67%	0.3%	0.3%	-0.12%	0.34%	0.24%	0.22%	0.08%	0.18%
Operating CF Growth %	-0.3%	-0.4%	-0.59%	-0.41%	-1.39%	2.92%	0.37%	0.15%	-0.78%	1.01%
Net Income	-1.92B	-503.93M	535.69M	45.96M	-1.17B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Depreciation & Amortization	9.87M	167.45M	4.39M	1.69M	110.91M	62.05M	45.41M	5.45M	56.62M	52.93M
Stock-Based Compensation	14.53M	26.39M	36.76M	15.27M	0	0	0	2.21M	0	152K
Deferred Taxes	2.31B	-14.53M	-484.33M	95.79M	-95.79M	0	0	0	0	0
Other Non-Cash Items	18.8M	925.05M	298K	-120.12M	1.15B	217.61M	54.63M	33.32M	-16.82M	19.95M
Working Capital Changes	37.1M	10.67M	21.79M	28.57M	-27.52M	238K	-3.15M	19.28M	-19.16M	-5.79M
Change in Receivables	86.41M	27.46M	103.17M	378K	-6.79M	13.51M	-4.65M	594K	15.66M	-2.77M
Change in Inventory	-592K	-294.73M	-325.14M	-22.35M	0	0	0	0	0	0
Change in Payables	-53.03M	-13.32M	-77.69M	22.35M	-16.91M	-17.99M	865K	18.45M	-35.02M	0
Cash from Investing+	-667.13M	-290.82M	598.59M	-706.49M	-297.21M	-72.35M	-51.91M	-126.13M	-51.84M	-65.44M
Capital Expenditures	-670.26M	-290.18M	-1.43B	-926.54M	-298.89M	-101.89M	-52.93M	-126.63M	-46.44M	-47K
CapEx % of Revenue	1.22%	0.69%	3.78%	4.09%	1.33%	0.69%	0.19%	0.35%	0.21%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.13M	-1.52M	2.03B	220.05M	427K	510K	68K	163K	-10.33M	-65.4M
Cash from Financing+	164.45M	4.33M	-289.14M	262.13M	286.69M	16.18M	27.41M	31.79M	59.06M	-7.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-8.18M	-8.18M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-32.93M	-107.53M	386.14M	56.13M	-4K	0	0	-3.32M	-455K	-8.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-203.26M	-11.7M	-1.31B	-859.38M	-324.96M	-51.7M	15.64M	-47.82M	-28.85M	-29.34M
FCF Margin %	-0.37%	-0.03%	-3.48%	-3.79%	-1.45%	-0.35%	0.05%	-0.13%	-0.13%	-0.15%
FCF Growth %	0.77%	0.94%	-111.31%	0.35%	0.62%	0.84%	1.3%	-4.06%	0.4%	-0.02%
FCF per Share	-18.90	-1.26	-98.37	-54.64	-26.37	-3.19	0.96	-2.90	-1.75	-1.78
FCF Conversion (FCF/Net Income)	-0.24x	-0.60x	0.21x	1.46x	0.02x	-0.22x	-2.42x	4.25x	-5.77x	-1.11x
Interest Paid	0	0	90.83M	37.53M	0	0	0	0	0	22.32M
Taxes Paid	0	0	1.25M	5M	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-186.76%	-331.06%	90.44%	4.05%	-138.88%	-112.99%	-36.86%	25%	-2.35%	-17.9%
Return on Invested Capital (ROIC)	-47.72%	-2.21%	50.28%	4.9%	-71.31%	-55.83%	34.36%	48.83%	4.51%	-2.74%
Gross Margin	11.2%	24.21%	48.75%	50.94%	24.09%	27.26%	63.21%	65.14%	45.38%	40.87%
Net Margin	-349.39%	-111.76%	141.73%	20.28%	-467.83%	-154.9%	-9.93%	5.16%	-1.38%	-16.44%
Debt / Equity	16.95x	8.56x	0.38x	0.51x	0.46x	1.87x	2.86x	2.58x	1.13x	0.91x
Interest Coverage	-11.79x	-0.40x	10.06x	2.14x	-27.06x	-39.47x	12.89x	6.45x	0.53x	-0.40x
FCF Conversion	-0.24x	-0.60x	0.21x	1.46x	0.02x	-0.22x	-2.42x	4.25x	-5.77x	-1.11x
Revenue Growth	-52.08%	-24.03%	-9.59%	-40.04%	-0.85%	-34%	92.33%	25.9%	-38.52%	-12.17%

Revenue by Segment

	2018	2020	2021	2022	2023	2024
Oil	-	125.98M	213.51M	267.69M	183.63M	174.61M
Oil Growth	-	-	69.47%	25.37%	-31.40%	-4.92%
Natural gas liquids	-	-	-	-	23.81M	20.82M
Natural gas liquids Growth	-	-	-	-	-	-12.56%
Natural gas	-	-	35.25M	46.21M	11.06M	-2.21M
Natural gas Growth	-	-	-	31.10%	-76.07%	-120.01%
NGLs	-	-	35.39M	43.5M	-	-
NGLs Growth	-	-	-	22.91%	-	-
Oil Reserves	199.6M	125.98M	-	-	-	-
Oil Reserves Growth	-	-36.88%	-	-	-	-
Natural Gas Liquids Reserves	19.14M	14.97M	-	-	-	-
Natural Gas Liquids Reserves Growth	-	-21.76%	-	-	-	-
Natural Gas	-	5.82M	-	-	-	-
Natural Gas Growth	-	-	-	-	-	-
Natural Gas Reserves	6.79M	5.82M	-	-	-	-
Natural Gas Reserves Growth	-	-14.33%	-	-	-	-
Oil Natural Gas And Natural Gas Liquids Sales	225.53M	-	-	-	-	-
Oil Natural Gas And Natural Gas Liquids Sales Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Battalion Oil Corporation (BATL) reported $183.3M in revenue for fiscal year 2024. This represents a 79% increase from $102.6M in 2011.

Battalion Oil Corporation (BATL) saw revenue decline by 12.2% over the past year.

Battalion Oil Corporation (BATL) reported a net loss of $12.1M for fiscal year 2024.

Dividend & Returns

Battalion Oil Corporation (BATL) has a return on equity (ROE) of -17.9%. Negative ROE indicates the company is unprofitable.

Battalion Oil Corporation (BATL) generated $44.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Battalion Oil Corporation (BATL) 10-Year Financial Performance & Capital Metrics

BATL • • Industrial / General

EnergyOil & Gas E&PUnconventional Shale E&PPermian Basin Shale Leaders

Revenue $194M -12.2%
EBITDA $41M -44.5%
Net Income -$32M -946.0%
EPS (Diluted) -3.90 -323.9%
Gross Margin 40.87% -9.9%
EBITDA Margin 21.24% -36.8%
Operating Margin -6.06% -176.1%
Net Margin -16.44% -1090.9%
ROE -17.9% -661.1%
ROIC -2.74% -160.8%
Debt/Equity 0.91 -19.5%
Interest Coverage -0.40 -176.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.1x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-16.29%

5Y-2.9%

3Y-12.07%

TTM-4.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-152.67%

EPS CAGR

10Y-

5Y-

3Y-

TTM-318.75%

ROCE

10Y Avg-7.04%

5Y Avg4.36%

3Y Avg17.85%

Latest-3.34%

Peer Comparison

Permian Basin Shale Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PRPermian Resources Corporation	10.67B	14.32	9.88	60.23%	15.65%	7.21%	2.73%	0.41
FANGDiamondback Energy, Inc.	43.21B	150.82	9.71	32.19%	27.42%	9.19%		0.31
EOGEOG Resources, Inc.	58.61B	108.02	9.60	0.85%	24.49%	18.26%	9.85%	0.17
HPKHighPeak Energy, Inc.	592.77M	4.72	7.04	-3.77%	6.03%	3.27%	11.68%	0.66
MTDRMatador Resources Company	5.32B	42.79	5.99	23.47%	20.42%	13.34%	5.27%	0.39
SMSM Energy Company	2.1B	18.34	2.75	12.53%	22.19%	15.43%		0.67
BATLBattalion Oil Corporation	20.41M	1.24	-0.32	-12.17%	-6.61%	-17.9%		0.91
VTLEVital Energy, Inc.	693.32M	17.92	-3.78	26.15%	-69.28%	-74.84%		0.95

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	550.28M	418.06M	377.96M	226.61M	224.69M	148.29M	285.2M	359.06M	220.76M	193.89M
Revenue Growth %	-0.52%	-0.24%	-0.1%	-0.4%	-0.01%	-0.34%	0.92%	0.26%	-0.39%	-0.12%
Cost of Goods Sold+	488.66M	316.84M	193.69M	111.18M	170.56M	107.87M	104.92M	125.18M	120.58M	114.65M
COGS % of Revenue	0.89%	0.76%	0.51%	0.49%	0.76%	0.73%	0.37%	0.35%	0.55%	0.59%
Gross Profit+	61.62M	101.22M	184.28M	115.43M	54.12M	40.42M	180.28M	233.89M	100.18M	79.24M
Gross Margin %	0.11%	0.24%	0.49%	0.51%	0.24%	0.27%	0.63%	0.65%	0.45%	0.41%
Gross Profit Growth %	-0.87%	0.64%	0.82%	-0.37%	-0.53%	-0.25%	3.46%	0.3%	-0.57%	-0.21%
Operating Expenses+	2.64B	161.85M	182.89M	134.93M	1.11B	302.25M	76.91M	81.75M	82.6M	90.98M
OpEx % of Revenue	4.8%	0.39%	0.48%	0.6%	4.92%	2.04%	0.27%	0.23%	0.37%	0.47%
Selling, General & Admin	87.77M	125.04M	111.35M	62.06M	41.66M	18.46M	16.51M	17.64M	19.02M	18.36M
SG&A % of Revenue	0.16%	0.3%	0.29%	0.27%	0.19%	0.12%	0.06%	0.05%	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	40.28M	36.82M	40.78M	72.41M	1.06B	283.8M	60.4M	64.12M	63.58M	72.63M
Operating Income+	-2.74B	-60.63M	715.42M	92.14M	-1.05B	-261.83M	103.37M	152.14M	17.58M	-11.74M
Operating Margin %	-4.99%	-0.15%	1.89%	0.41%	-4.68%	-1.77%	0.36%	0.42%	0.08%	-0.06%
Operating Income Growth %	-46.01%	0.98%	12.8%	-0.87%	-12.42%	0.75%	1.39%	0.47%	-0.88%	-1.67%
EBITDA+	-2.38B	106.82M	825.63M	169.67M	-941.07M	-199.78M	148.78M	204.05M	74.21M	41.18M
EBITDA Margin %	-4.33%	0.26%	2.18%	0.75%	-4.19%	-1.35%	0.52%	0.57%	0.34%	0.21%
EBITDA Growth %	-6%	1.04%	6.73%	-0.79%	-6.55%	0.79%	1.74%	0.37%	-0.64%	-0.45%
D&A (Non-Cash Add-back)	364.2M	167.45M	110.21M	77.53M	110.91M	62.05M	45.41M	51.91M	56.62M	52.93M
EBIT	-1.68B	-104.23M	601.78M	184.76M	-1.11B	-223.07M	-20.3M	42.13M	30.27M	-16.93M
Net Interest Income+	-232.88M	-151.11M	-71.1M	-43.02M	-38.88M	-6.63M	-8.02M	-23.59M	-33.32M	-26.89M
Interest Income	0	0	0	0	0	0	0	0	0	2.12M
Interest Expense	232.88M	151.11M	71.1M	43.02M	38.88M	6.63M	8.02M	23.59M	33.32M	29.01M
Other Income/Expense	830.97M	-332.26M	-184.74M	49.61M	-94.96M	32.13M	-131.69M	-133.6M	-20.63M	-20.14M
Pretax Income+	-1.91B	-471.16M	530.69M	141.75M	-1.15B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Pretax Margin %	-3.48%	-1.13%	1.4%	0.63%	-5.1%	-1.55%	-0.1%	0.05%	-0.01%	-0.16%
Income Tax+	9.09M	-3.92M	-5M	95.79M	-95.79M	0	0	0	0	0
Effective Tax Rate %	1%	0.99%	1.01%	0.32%	0.92%	1%	1%	1%	1%	1%
Net Income+	-1.92B	-467.24M	535.69M	45.96M	-1.05B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Net Margin %	-3.49%	-1.12%	1.42%	0.2%	-4.68%	-1.55%	-0.1%	0.05%	-0.01%	-0.16%
Net Income Growth %	-7.09%	0.76%	2.15%	-0.91%	-23.87%	0.78%	0.88%	1.65%	-1.16%	-9.46%
Net Income (Continuing)	-1.92B	-467.24M	535.69M	45.96M	-1.05B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	117.17M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-186.60	-54.20	36.50	2.90	-85.30	-14.18	-1.74	1.12	-0.92	-3.90
EPS Growth %	-32.63%	0.71%	1.67%	-0.92%	-30.41%	0.83%	0.88%	1.64%	-1.82%	-3.24%
EPS (Basic)	-186.60	-54.20	36.70	2.90	-85.30	-14.18	-1.74	1.14	-0.92	-3.90
Diluted Shares Outstanding	10.75M	9.3M	13.36M	15.73M	12.32M	16.2M	16.26M	16.51M	16.44M	16.46M
Basic Shares Outstanding	10.75M	9.3M	13.28M	15.7M	12.32M	16.2M	16.26M	16.33M	16.44M	16.46M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	556.59M	160.65M	471.79M	144.65M	71.15M	47.84M	87.91M	88.17M	90.54M	54.05M
Cash & Short-Term Investments	8.03M	24K	424.07M	46.87M	14.28M	4.29M	48.75M	32.73M	57.53M	19.71M
Cash Only	8.03M	24K	424.07M	46.87M	14.28M	4.29M	48.75M	32.73M	57.53M	19.71M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	522.49M	153.69M	43.34M	94.25M	54.75M	40.8M	36.81M	37.97M	23.02M	26.3M
Days Sales Outstanding	346.56	134.18	41.86	151.81	88.94	100.43	47.1	38.6	38.06	49.51
Inventory	4.63M	6.89M	10.57M	4.75M	0	0	0	0	0	0
Days Inventory Outstanding	3.46	7.93	19.93	15.6	-	-	-	-	-	-
Other Current Assets	16.86M	236K	54K	35K	36K	1.85M	1.38M	16.75M	9.5M	7.47M
Total Non-Current Assets+	2.9B	1.16B	1.17B	1.94B	513.51M	298.66M	302.35M	397.19M	394.8M	377M
Property, Plant & Equipment	2.88B	1.16B	1.17B	1.92B	512.59M	292.3M	297.57M	388.99M	372.27M	370.67M
Fixed Asset Turnover	0.19x	0.36x	0.32x	0.12x	0.44x	0.51x	0.96x	0.92x	0.59x	0.52x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	209K	1.89M	563K	13.01M	804K	0	3.74M	1.56M	1.28M	940K
Other Non-Current Assets	1.6M	0	1.13M	-81.17M	123K	6.36M	1.04M	6.64M	21.25M	5.39M
Total Assets+	3.46B	1.32B	1.64B	2.08B	584.67M	346.5M	390.27M	485.36M	485.34M	431.05M
Asset Turnover	0.16x	0.32x	0.23x	0.11x	0.38x	0.43x	0.73x	0.74x	0.45x	0.45x
Asset Growth %	-0.46%	-0.62%	0.25%	0.27%	-0.72%	-0.41%	0.13%	0.24%	-0%	-0.11%
Total Current Liabilities+	295.25M	207.55M	150.34M	161.74M	106.43M	83.18M	121.6M	165.03M	134.42M	77.66M
Accounts Payable	47.26M	24.36M	35.69M	68.96M	36.04M	22.74M	25.32M	42.92M	24.91M	15.66M
Days Payables Outstanding	35.3	28.07	67.25	226.4	77.12	76.95	88.07	125.15	75.42	49.86
Short-Term Debt	0	0	0	0	923K	1.72M	454K	35.07M	50.11M	12.25M
Deferred Revenue (Current)	1000K	422K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	227.66M	178.77M	91.83M	66.1M	66.53M	25.35M	92.1M	76.22M	17.71M	13.8M
Current Ratio	1.89x	0.77x	3.14x	0.89x	0.67x	0.58x	0.72x	0.53x	0.67x	0.70x
Quick Ratio	1.87x	0.74x	3.07x	0.86x	0.67x	0.58x	0.72x	0.53x	0.67x	0.70x
Cash Conversion Cycle	314.73	114.04	-5.47	-58.99	-	-	-	-	-	-
Total Non-Current Liabilities+	3.11B	999.43M	421.29M	724.82M	161.58M	173.36M	204.96M	235.71M	176.37M	171.73M
Long-Term Debt	2.87B	964.65M	409.17M	613.11M	144M	158.49M	181.56M	182.68M	140.28M	145.53M
Capital Lease Obligations	0	0	0	0	2.25M	0	352K	0	490K	84K
Deferred Tax Liabilities	136.83M	0	0	95.79M	0	0	0	0	0	0
Other Non-Current Liabilities	237.39M	34.78M	12.12M	15.93M	15.34M	14.87M	23.04M	53.03M	35.6M	26.11M
Total Liabilities	3.41B	1.21B	571.62M	886.57M	268.02M	256.54M	326.56M	400.73M	310.78M	249.39M
Total Debt+	2.87B	964.65M	409.17M	613.11M	147.17M	168.23M	182.37M	218.09M	197.88M	165.87M
Net Debt	2.87B	964.63M	-14.9M	566.24M	132.9M	163.94M	133.62M	185.37M	140.35M	146.16M
Debt / Equity	16.95x	8.56x	0.38x	0.51x	0.46x	1.87x	2.86x	2.58x	1.13x	0.91x
Debt / EBITDA	-	9.03x	0.50x	3.61x	-	-	1.23x	1.07x	2.67x	4.03x
Net Debt / EBITDA	-	9.03x	-0.02x	3.34x	-	-	0.90x	0.91x	1.89x	3.55x
Interest Coverage	-11.79x	-0.40x	10.06x	2.14x	-27.06x	-39.47x	12.89x	6.45x	0.53x	-0.40x
Total Equity+	169.58M	112.69M	1.07B	1.2B	316.65M	89.96M	63.7M	84.63M	174.56M	181.66M
Equity Growth %	-0.91%	-0.34%	8.51%	0.12%	-0.74%	-0.72%	-0.29%	0.33%	1.06%	0.04%
Book Value per Share	15.77	12.12	80.25	76.10	25.69	5.55	3.92	5.13	10.62	11.04
Total Shareholders' Equity	52.41M	112.69M	1.07B	1.2B	316.65M	89.96M	63.7M	84.63M	174.56M	181.66M
Common Stock	12K	9K	15K	16K	2K	2K	2K	2K	2K	2K
Retained Earnings	-3.23B	-479.98M	55.7M	101.66M	-10.46M	-240.17M	-268.48M	-249.94M	-252.99M	-284.88M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-5.96B	-466.96M	-574.25M	-648.34M	0	0	0	0	0	0
Minority Interest	117.17M	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	467M	278.48M	114.59M	67.16M	-26.08M	50.2M	68.57M	78.8M	17.59M	35.35M
Operating CF Margin %	0.85%	0.67%	0.3%	0.3%	-0.12%	0.34%	0.24%	0.22%	0.08%	0.18%
Operating CF Growth %	-0.3%	-0.4%	-0.59%	-0.41%	-1.39%	2.92%	0.37%	0.15%	-0.78%	1.01%
Net Income	-1.92B	-503.93M	535.69M	45.96M	-1.17B	-229.71M	-28.32M	18.54M	-3.05M	-31.88M
Depreciation & Amortization	9.87M	167.45M	4.39M	1.69M	110.91M	62.05M	45.41M	5.45M	56.62M	52.93M
Stock-Based Compensation	14.53M	26.39M	36.76M	15.27M	0	0	0	2.21M	0	152K
Deferred Taxes	2.31B	-14.53M	-484.33M	95.79M	-95.79M	0	0	0	0	0
Other Non-Cash Items	18.8M	925.05M	298K	-120.12M	1.15B	217.61M	54.63M	33.32M	-16.82M	19.95M
Working Capital Changes	37.1M	10.67M	21.79M	28.57M	-27.52M	238K	-3.15M	19.28M	-19.16M	-5.79M
Change in Receivables	86.41M	27.46M	103.17M	378K	-6.79M	13.51M	-4.65M	594K	15.66M	-2.77M
Change in Inventory	-592K	-294.73M	-325.14M	-22.35M	0	0	0	0	0	0
Change in Payables	-53.03M	-13.32M	-77.69M	22.35M	-16.91M	-17.99M	865K	18.45M	-35.02M	0
Cash from Investing+	-667.13M	-290.82M	598.59M	-706.49M	-297.21M	-72.35M	-51.91M	-126.13M	-51.84M	-65.44M
Capital Expenditures	-670.26M	-290.18M	-1.43B	-926.54M	-298.89M	-101.89M	-52.93M	-126.63M	-46.44M	-47K
CapEx % of Revenue	1.22%	0.69%	3.78%	4.09%	1.33%	0.69%	0.19%	0.35%	0.21%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.13M	-1.52M	2.03B	220.05M	427K	510K	68K	163K	-10.33M	-65.4M
Cash from Financing+	164.45M	4.33M	-289.14M	262.13M	286.69M	16.18M	27.41M	31.79M	59.06M	-7.73M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-8.18M	-8.18M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-32.93M	-107.53M	386.14M	56.13M	-4K	0	0	-3.32M	-455K	-8.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-203.26M	-11.7M	-1.31B	-859.38M	-324.96M	-51.7M	15.64M	-47.82M	-28.85M	-29.34M
FCF Margin %	-0.37%	-0.03%	-3.48%	-3.79%	-1.45%	-0.35%	0.05%	-0.13%	-0.13%	-0.15%
FCF Growth %	0.77%	0.94%	-111.31%	0.35%	0.62%	0.84%	1.3%	-4.06%	0.4%	-0.02%
FCF per Share	-18.90	-1.26	-98.37	-54.64	-26.37	-3.19	0.96	-2.90	-1.75	-1.78
FCF Conversion (FCF/Net Income)	-0.24x	-0.60x	0.21x	1.46x	0.02x	-0.22x	-2.42x	4.25x	-5.77x	-1.11x
Interest Paid	0	0	90.83M	37.53M	0	0	0	0	0	22.32M
Taxes Paid	0	0	1.25M	5M	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-186.76%	-331.06%	90.44%	4.05%	-138.88%	-112.99%	-36.86%	25%	-2.35%	-17.9%
Return on Invested Capital (ROIC)	-47.72%	-2.21%	50.28%	4.9%	-71.31%	-55.83%	34.36%	48.83%	4.51%	-2.74%
Gross Margin	11.2%	24.21%	48.75%	50.94%	24.09%	27.26%	63.21%	65.14%	45.38%	40.87%
Net Margin	-349.39%	-111.76%	141.73%	20.28%	-467.83%	-154.9%	-9.93%	5.16%	-1.38%	-16.44%
Debt / Equity	16.95x	8.56x	0.38x	0.51x	0.46x	1.87x	2.86x	2.58x	1.13x	0.91x
Interest Coverage	-11.79x	-0.40x	10.06x	2.14x	-27.06x	-39.47x	12.89x	6.45x	0.53x	-0.40x
FCF Conversion	-0.24x	-0.60x	0.21x	1.46x	0.02x	-0.22x	-2.42x	4.25x	-5.77x	-1.11x
Revenue Growth	-52.08%	-24.03%	-9.59%	-40.04%	-0.85%	-34%	92.33%	25.9%	-38.52%	-12.17%

Revenue by Segment

	2018	2020	2021	2022	2023	2024
Oil	-	125.98M	213.51M	267.69M	183.63M	174.61M
Oil Growth	-	-	69.47%	25.37%	-31.40%	-4.92%
Natural gas liquids	-	-	-	-	23.81M	20.82M
Natural gas liquids Growth	-	-	-	-	-	-12.56%
Natural gas	-	-	35.25M	46.21M	11.06M	-2.21M
Natural gas Growth	-	-	-	31.10%	-76.07%	-120.01%
NGLs	-	-	35.39M	43.5M	-	-
NGLs Growth	-	-	-	22.91%	-	-
Oil Reserves	199.6M	125.98M	-	-	-	-
Oil Reserves Growth	-	-36.88%	-	-	-	-
Natural Gas Liquids Reserves	19.14M	14.97M	-	-	-	-
Natural Gas Liquids Reserves Growth	-	-21.76%	-	-	-	-
Natural Gas	-	5.82M	-	-	-	-
Natural Gas Growth	-	-	-	-	-	-
Natural Gas Reserves	6.79M	5.82M	-	-	-	-
Natural Gas Reserves Growth	-	-14.33%	-	-	-	-
Oil Natural Gas And Natural Gas Liquids Sales	225.53M	-	-	-	-	-
Oil Natural Gas And Natural Gas Liquids Sales Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Battalion Oil Corporation (BATL) reported $183.3M in revenue for fiscal year 2024. This represents a 79% increase from $102.6M in 2011.

Battalion Oil Corporation (BATL) saw revenue decline by 12.2% over the past year.

Battalion Oil Corporation (BATL) reported a net loss of $12.1M for fiscal year 2024.

Dividend & Returns

Battalion Oil Corporation (BATL) has a return on equity (ROE) of -17.9%. Negative ROE indicates the company is unprofitable.

Battalion Oil Corporation (BATL) generated $44.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.