Battalion Oil Corp (BATL)
Battalion 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. The company holds interests in the Delaware Basin located in Pecos, Reeves, Ward, and Winkler counties in Texas. It also sells crude oil, natural gas, and natural gas liquids primarily to independent marketers, oil and natural gas companies, and gas pipeline companies. 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.
- Symbol
- BATL
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Market cap
- $42.39M
- 52 week range
- 1 - 29.7
Valuation
- Share price
- $1.10 (close of 2026-09-23)
- P/E (TTM)
- -0.22x
- Price to book
- 0.21x
- Price to free cash flow
- 1.57x
- Enterprise value
- $123.86M
- Book value per share
- $5.22
Price performance
| Period | Change |
|---|
| 1 day | +0.92% |
| 5 days | -11.29% |
| 1 month | -19.12% |
| 3 months | -9.09% |
| 6 months | -90.07% |
| Year to date | -2.65% |
| 1 year | -5.98% |
| 3 years | -81.42% |
| 5 years | -88.29% |
| All time | -89.27% |
Profitability and growth
- Return on equity
- -36.23%
- Return on invested capital
- -4.38%
- Return on assets
- 2.58%
- Return on capital employed
- -1.67%
- Gross margin
- 4.84%
- Net margin
- 7.20%
- EBITDA margin
- -4.02%
- Revenue growth
- -14.62%
- Net income growth
- 137.26%
- Free cash flow growth
- 10.56%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 63.78%
- Current ratio
- 2.19x
- Net debt to EBITDA
- 2.46x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $164.96M
- Cost of revenue
- $156.98M
- Gross profit
- $7.99M
- EBITDA
- $-6.64M
- Net income
- $11.88M
- Interest expense
- $28.84M
Income statement by year
| Period end | Revenue | Gross profit | Net income |
|---|
| 2025-12-31 | $164.96M | $7.99M | $11.88M |
| 2024-12-31 | $193.22M | $6.61M | $-31.88M |
| 2023-12-31 | $218.50M | $36.61M | $-3.05M |
| 2022-12-31 | $357.40M | $169.77M | $18.54M |
| 2021-12-31 | $284.15M | $119.89M | $-28.32M |
| 2020-12-31 | $146.78M | - | $-229.71M |
| 2018-12-31 | $225.53M | $154.20M | $45.96M |
| 2017-12-31 | $375.84M | - | $535.69M |
| 2015-12-31 | $550.28M | - | $-1.92B |
| 2014-12-31 | $1.15B | $58.15M | $315.96M |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 4.84% | 7.20% | -36.23% | -4.38% |
| 2024-12-31 | 3.42% | -16.50% | -773.83% | -7.82% |
| 2023-12-31 | 16.75% | -1.39% | -4.48% | 8.44% |
| 2022-12-31 | 47.50% | 5.19% | 21.91% | 54.72% |
| 2021-12-31 | 42.19% | -9.97% | -44.45% | 51.89% |
| 2020-12-31 | - | -156.50% | -255.35% | -106.32% |
| 2018-12-31 | 68.37% | 20.38% | 3.84% | 2.60% |
| 2017-12-31 | - | 142.53% | 49.97% | 67.68% |
| 2015-12-31 | - | -349.39% | -3668.14% | -94.05% |
| 2014-12-31 | 5.06% | 27.52% | 17.83% | -1.05% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $27.96M | $180.96M |
| 2024-12-31 | $19.71M | $145.53M |
| 2023-12-31 | $57.53M | $140.28M |
| 2022-12-31 | $32.73M | $182.68M |
| 2021-12-31 | $46.86M | $181.56M |
| 2020-12-31 | $4.29M | $158.49M |
| 2018-12-31 | $46.87M | $613.11M |
| 2017-12-31 | $424.07M | $409.17M |
| 2015-12-31 | $8.03M | $2.87B |
| 2014-12-31 | $43.71M | $3.75B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $39.09M | $-109.00K |
| 2024-12-31 | $35.35M | $152.00K |
| 2023-12-31 | $17.59M | $-1.07M |
| 2022-12-31 | $78.80M | $2.21M |
| 2021-12-31 | $68.57M | $2.01M |
| 2020-12-31 | $50.20M | $2.58M |
| 2018-12-31 | $67.16M | $15.27M |
| 2017-12-31 | $114.59M | $36.76M |
| 2015-12-31 | $467.00M | $14.53M |
| 2014-12-31 | $624.85M | $18.73M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-12
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-05-13 | Mar/2026 | - |
| 2026-03-23 | - | - |
| 2025-11-13 | - | - |
| 2025-08-14 | - | - |
| 2025-05-14 | - | - |
| 2025-05-13 | - | - |
| 2025-03-31 | - | - |
| 2025-03-27 | - | - |
Filings and sources
- Company website
- battalionoil.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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