For the twelve months ended Jun 30, 2026, Battalion Oil Corporation reported $163.06M of revenue and -$39.91M of net income.
BATL revenue was $48.13M in fiscal Q2 2026 (ended Jun 30, 2026), up 12.4% from a year earlier and up 22.9% from the prior quarter. For the full fiscal 2025 it was $166.04M, down 14.4% from fiscal 2024. Compound annual growth was +2.3% over 5 years and -11.3% over 10 years. It rose in 2 of the last 5 fiscal years.
BATL net income was $15.51M in fiscal Q2 2026 (ended Jun 30, 2026), up 223.4% from a year earlier. For the full fiscal 2025 it was $11.88M, compared with -$31.88M in fiscal 2024.
BATL diluted EPS was $0.34 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$2.24, compared with -$3.90 in fiscal 2024.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2015 | Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $166.04M | $193.89M | $220.76M | $359.06M | $285.20M | $148.29M | $226.61M | $377.96M | $550.28M | $1.15B |
| Selling, general and admin | $14.62M | $18.36M | $19.02M | $17.64M | $16.51M | $18.46M | $62.06M | $111.35M | $87.77M | $116.53M |
| Operating income | -$6.64M | -$11.74M | $17.58M | $152.14M | $103.37M | -$261.83M | $92.14M | $715.42M | -$2.74B | -$58.39M |
| Interest expense | $28.84M | $29.01M | $36.51M | - | - | - | - | - | - | - |
| Pre-tax income | $11.88M | -$31.88M | -$3.05M | $18.54M | -$28.32M | -$229.71M | $141.75M | $530.69M | -$1.91B | $314.88M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $95.79M | -$5.00M | $9.09M | -$1.08M |
| Net income | $11.88M | -$31.88M | -$3.05M | $18.54M | -$28.32M | -$229.71M | $45.96M | $535.69M | -$1.92B | $315.96M |
| EPS, basic | -$2.24 | -$3.90 | -$0.92 | $1.14 | -$1.74 | -$14.18 | $0.29 | $3.67 | -$18.66 | $3.40 |
| EPS, diluted | -$2.24 | -$3.90 | -$0.92 | $1.12 | -$1.74 | -$14.18 | $0.29 | $3.65 | -$18.66 | $2.93 |
| Diluted shares | 16.5M | 16.5M | 16.4M | 16.5M | 16.3M | 16.2M | 157.3M | 133.6M | 107.5M | 108.5M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2015 | Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $27.96M | $19.80M | $57.62M | $32.82M | $48.36M | $4.29M | $46.87M | $424.07M | $8.03M | $43.71M |
| Receivables | $12.07M | $26.30M | $23.02M | $37.97M | $36.81M | $32.24M | $35.72M | $36.42M | $173.62M | $276.56M |
| Inventory | - | - | - | - | - | - | - | - | $4.63M | $4.69M |
| Current assets | $57.16M | $54.05M | $90.54M | $88.17M | $87.91M | $47.84M | $144.65M | $471.79M | $556.59M | $702.71M |
| Total assets | $460.68M | $431.05M | $485.34M | $485.36M | $390.27M | $346.50M | $2.08B | $1.64B | $3.46B | $6.38B |
| Current liabilities | $63.64M | $77.66M | $134.42M | $165.03M | $121.60M | $83.18M | $161.74M | $150.34M | $295.25M | $744.68M |
| Short-term debt | $22.51M | $12.25M | $50.11M | $35.07M | $85.0K | $1.72M | - | - | - | - |
| Long-term debt | $180.96M | $145.53M | $140.28M | $182.68M | $181.56M | $158.49M | $613.11M | - | - | $3.75B |
| Total debt | $203.47M | $157.78M | $190.38M | $217.74M | $181.65M | $160.21M | $613.11M | $409.17M | $2.87B | $3.75B |
| Shareholders' equity | -$32.79M | $4.12M | $68.02M | $84.63M | $63.70M | $89.96M | $1.20B | $1.07B | $52.41M | $1.77B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2015 | Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $39.09M | $35.35M | $17.59M | $78.80M | $68.57M | $50.20M | $67.16M | $114.59M | $467.00M | $667.93M |
| Capital expenditures | - | - | - | - | - | - | - | - | - | $43.08M |
| Free cash flow | - | - | - | - | - | - | - | - | - | $624.85M |
| Investing cash flow | -$74.95M | -$65.44M | -$51.84M | -$126.13M | -$51.91M | -$72.35M | -$706.49M | $598.59M | -$667.13M | -$1.27B |
| Financing cash flow | $44.11M | -$7.73M | $59.06M | $31.79M | $27.41M | $16.18M | $262.13M | -$289.14M | $164.45M | $644.04M |
| Stock-based compensation | -$109.0K | $152.0K | -$1.07M | $2.21M | $2.01M | $2.58M | $15.27M | $36.76M | $14.53M | $18.73M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2015 | Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -14.4% | -12.2% | -38.5% | 25.9% | 92.3% | - | -40.0% | - | -52.1% | 14.9% |
| Net income growth, YoY | - | - | - | - | - | - | -91.4% | - | - | - |
| EPS growth, YoY | - | - | - | - | - | - | -92.1% | - | - | - |
| Operating margin | -4.0% | -6.1% | 8.0% | 42.4% | 36.2% | -176.6% | 40.7% | 189.3% | -498.7% | -5.1% |
| Net margin | 7.2% | -16.4% | -1.4% | 5.2% | -9.9% | -154.9% | 20.3% | 141.7% | -349.4% | 27.5% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | 54.4% |
| Return on equity | - | -773.8% | -4.5% | 21.9% | -44.5% | -255.3% | 3.8% | 50.0% | -3668.1% | 17.8% |
| Return on assets | 2.6% | -7.4% | -0.6% | 3.8% | -7.3% | -66.3% | 2.2% | 32.6% | -55.6% | 4.9% |
| Current ratio | 0.90 | 0.70 | 0.67 | 0.53 | 0.72 | 0.58 | 0.89 | 3.14 | 1.89 | 0.94 |
| Debt to equity | - | 38.30 | 2.80 | 2.57 | 2.85 | 1.78 | 0.51 | 0.38 | 54.83 | 2.11 |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.13M | $39.17M | $32.27M | $43.48M | $42.81M | $47.48M | $49.65M | $45.27M | $49.10M | $49.87M | $47.24M | $54.11M |
| Selling, general and admin | $4.07M | $4.26M | $4.56M | $3.08M | $2.57M | $4.41M | $7.09M | $3.85M | $3.34M | $4.07M | $5.45M | $3.19M |
| Operating income | $6.78M | -$2.13M | -$10.70M | $826.0K | -$153.0K | $3.39M | -$17.94M | $1.05M | $5.12M | $23.0K | -$668.0K | $6.82M |
| Interest expense | $5.12M | $5.84M | $6.99M | $7.32M | $7.34M | $7.19M | $6.13M | $6.87M | $7.61M | $8.39M | - | - |
| Pre-tax income | $15.51M | -$56.48M | $1.79M | -$735.0K | $4.80M | $6.02M | -$22.20M | $21.63M | -$105.0K | -$31.20M | $32.69M | -$53.80M |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $15.51M | -$56.48M | $1.79M | -$735.0K | $4.80M | $6.02M | -$22.20M | $21.63M | -$105.0K | -$31.20M | $32.69M | -$53.80M |
| EPS, basic | $0.34 | -$3.72 | -$0.77 | -$0.91 | -$0.21 | -$0.35 | -$1.47 | $0.34 | -$0.53 | -$2.24 | $1.64 | -$3.50 |
| EPS, diluted | $0.34 | -$3.72 | -$0.77 | -$0.91 | -$0.21 | -$0.35 | -$1.47 | $0.34 | -$0.53 | -$2.24 | $1.65 | -$3.50 |
| Diluted shares | 45.2M | 17.4M | - | 16.5M | 16.5M | 16.5M | - | 16.5M | 16.5M | 16.5M | - | 16.5M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $83.10M | $46.37M | $27.96M | $50.45M | $44.71M | $73.66M | $19.80M | $29.93M | $54.52M | $49.03M | $57.62M | $42.68M |
| Receivables | $14.41M | $19.60M | $12.07M | $17.95M | $24.46M | $21.18M | $26.30M | $21.06M | $24.89M | $25.99M | $23.02M | $27.18M |
| Current assets | $107.49M | $82.10M | $57.16M | $84.27M | $83.46M | $111.44M | $54.05M | $57.57M | $86.11M | $83.57M | $90.54M | $75.29M |
| Total assets | $432.58M | $412.37M | $460.68M | $491.69M | $498.78M | $506.25M | $431.05M | $458.02M | $487.29M | $488.62M | $485.34M | $456.76M |
| Current liabilities | $49.08M | $91.20M | $63.64M | $88.16M | $90.04M | $96.08M | $77.66M | $122.05M | $155.25M | $147.60M | $134.42M | $141.40M |
| Short-term debt | $2.03M | $22.50M | $22.51M | $22.53M | $22.55M | $22.58M | $12.25M | $50.11M | $52.61M | $55.11M | $50.11M | $45.11M |
| Long-term debt | $156.21M | $135.88M | $180.96M | $186.23M | $191.47M | $196.83M | $145.53M | $92.67M | $101.19M | $126.82M | $140.28M | $153.48M |
| Total debt | $158.24M | $158.38M | $203.47M | $208.76M | $214.02M | $219.41M | $157.78M | $142.77M | $153.79M | $181.93M | $190.38M | $198.58M |
| Shareholders' equity | $203.14M | $157.12M | -$32.79M | -$20.25M | -$5.24M | -$1.76M | $4.12M | $34.98M | $22.67M | $31.31M | $68.02M | $40.83M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.78M | $2.10M | -$11.82M | $27.97M | $10.21M | $12.73M | $6.69M | -$5.07M | $29.82M | $3.92M | $6.52M | $2.42M |
| Investing cash flow | -$4.21M | $56.44M | -$4.99M | -$16.49M | -$33.36M | -$20.11M | -$12.86M | -$6.88M | -$13.86M | -$31.85M | -$14.74M | -$5.37M |
| Financing cash flow | $29.50M | -$32.27M | -$5.68M | -$5.65M | -$5.79M | $61.24M | -$3.95M | -$12.64M | -$10.48M | $19.34M | $23.15M | $27.03M |
| Stock-based compensation | - | - | $0 | $0 | $0 | -$109.0K | $12.0K | $5.0K | $36.0K | $99.0K | $161.0K | -$686.0K |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 12.4% | -17.5% | -35.0% | -3.9% | -12.8% | -4.8% | 5.1% | -16.3% | -9.5% | -23.4% | -38.5% | -45.4% |
| Net income growth, YoY | 223.4% | - | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 14.1% | -5.4% | -33.2% | 1.9% | -0.4% | 7.1% | -36.1% | 2.3% | 10.4% | 0.0% | -1.4% | 12.6% |
| Net margin | 32.2% | -144.2% | 5.6% | -1.7% | 11.2% | 12.7% | -44.7% | 47.8% | -0.2% | -62.6% | 69.2% | -99.4% |
| Current ratio | 2.19 | 0.90 | 0.90 | 0.96 | 0.93 | 1.16 | 0.70 | 0.47 | 0.55 | 0.57 | 0.67 | 0.53 |
| Debt to equity | 0.78 | 1.01 | - | - | - | - | 38.30 | 4.08 | 6.78 | 5.81 | 2.80 | 4.86 |
Source: XBRL data Battalion Oil Corporation files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-3, first reported Aug 2, 2012; 1-for-5, first reported Feb 26, 2016.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| BATL | $163.06M | -12.0% | -$39.91M | -24.5% | $42.7M |
| SHEL | $273.73B | -5.3% | $17.84B | 6.5% | $273.51B |
| TTE | $201.20B | -6.2% | $13.13B | 6.5% | $192.00B |
| PBR | $89.19B | -2.4% | $19.63B | 22.0% | $118.25B |
| CNQ | C$38.76B | +8.7% | C$10.82B | 27.9% | $98.26B |
| E | €82.15B | -7.5% | €2.61B | 3.2% | $87.98B |
| EOG | $29.73B | +31.7% | $8.19B | 27.5% | $76.96B |
| OXY | $25.75B | +36.9% | $7.50B | 29.1% | $55.74B |
| OKE | $43.19B | +36.8% | $4.07B | 9.4% | $54.21B |