BATTALION OIL CORPBATLEarnings & Financial Report
Battalion Oil Corp is an independent energy company engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It primarily operates assets in the Eagle Ford Shale region of South Texas, serving commercial and industrial clients across North American energy markets.
Revenue
$49.5M
Gross Profit
N/A
Operating Profit
$23.0K
Net Profit
$-31.2M
Gross Margin
N/A
Operating Margin
0.0%
Net Margin
-63.0%
YoY Growth
-22.9%
EPS
$-2.24
BATTALION OIL CORP Q1 FY2024 Financial Summary
BATTALION OIL CORP reported revenue of $49.5M (down 22.9% YoY) for Q1 FY2024, with a net profit of $-31.2M (down 236.8% YoY) (-63.0% margin).
Key Financial Metrics
| Total Revenue | $49.5M |
|---|---|
| Net Profit | $-31.2M |
| Gross Margin | N/A |
| Operating Margin | 0.0% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
BATTALION OIL CORP Q1 FY2024 revenue of $49.5M breaks down across 3 segments, led by Oil at $42.4M (85.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil | $42.4M | 85.7% |
| Natural Gas Liquids Reserves | $5.1M | 10.2% |
| Natural Gas | $2.0M | 4.1% |
BATTALION OIL CORP Revenue by Segment — Quarterly Trend
BATTALION OIL CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Oil and Natural Gas Liquids Reserves) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Oil | $28.6M | $38.3M | $36.3M | $39.7M |
| Natural Gas Liquids Reserves | $3.9M | $4.2M | $5.3M | $4.9M |
| Natural Gas | — | — | — | $2.8M |
BATTALION OIL CORP Annual Revenue by Year
BATTALION OIL CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $165.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $165.0M |
| 2024 | $193.2M |
| 2023 | $218.5M |
| 2022 | $357.4M |
BATTALION OIL CORP Quarterly Revenue & Net Profit History
BATTALION OIL CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $31.6M | -36.1% | $1.8M | 5.7% |
| Q3 FY2025 | $43.4M | -3.8% | $-735.0K | -1.7% |
| Q2 FY2025 | $42.6M | -13.3% | $4.8M | 11.3% |
| Q1 FY2025 | $47.4M | -4.3% | $6.0M | 12.7% |
| Q4 FY2024 | $49.5M | +5.5% | $-22.2M | -44.9% |
| Q3 FY2024 | $45.1M | -15.6% | $21.6M | 48.0% |
| Q2 FY2024 | $49.1M | -8.9% | $-105.0K | -0.2% |
| Q1 FY2024 | $49.5M | -22.9% | $-31.2M | -63.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $49.5M | $49.1M | $45.1M | $49.5M | $47.4M | $42.6M | $43.4M | $31.6M |
| YoY Growth | -22.9% | -8.9% | -15.6% | 5.5% | -4.3% | -13.3% | -3.8% | -36.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $488.6M | $487.3M | $458.0M | $431.0M | $506.2M | $498.8M | $491.7M | $460.7M |
| Liabilities | $457.3M | $464.6M | $423.0M | $426.9M | $508.0M | $504.0M | $511.9M | $493.5M |
| Equity | $31.3M | $22.7M | $35.0M | $4.1M | $-1.8M | $-5.2M | $-20.3M | $-32.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.9M | $29.8M | $-5.1M | $6.7M | $12.7M | $10.2M | $28.0M | $-11.8M |