Saturday 17 October 2026 Export BATL’s income statement to Excel — free account

Battalion Oil Corporation

Battalion Oil Corporation’s revenue for fiscal 2025 (year ended December 2025) was $166.0 million, down 14.4% from fiscal 2024. In the quarter to June 2026, revenue grew 12.4%, EPS grew 261.9%, free cash flow grew 119.8% and total debt fell 26.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

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Market cap: $59.0M
P/E: 0.0×
Fwd P/E: 25.5×
Dividend yield: —
F-score: 5/9
Altman Z: −0.51
Beneish M: −3.00
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.11

Total sells 22.65

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	2	—	—
Sell	—	—	—	—	5	—	—	—	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 59.00

Revenue 163.06

Net Income (39.91)

Free Cash Flow 57.81

Net Debt 69.85

Current Ratio 2.19

Debt/Equity 0.78

P/E ratio 0.00

Fwd P/E 25.50

P/S ratio 0.17

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (13.48%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 17.41%

10-year low 10-year high

EV/Sales against its own 10 years 0.82%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	58	20	28	88
Receivables	23	26	12	14
Inventory	—	—	—	—
Other	9	7	16	4
	91	54	57	107

	2023	2024	2025	Q'26
Payables	67	53	40	40
ST’ Debt	50	12	23	2
Other	17	12	1	7
	134	78	64	49

Compound Annual Growth %

	10y	5y	3y
Sales	—	2.29%	(22.67%)
Cash Flow	—	(4.88%)	(20.84%)
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	39	48	—	—	—
’25	47	43	43	32	166
’24	50	49	45	50	194
’23	65	54	54	47	221
’22	82	102	99	77	359
’21	56	64	81	85	285
’20	47	18	40	43	148

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	2	9	—	—	—
’25	13	10	28	(12)	39
’24	4	30	(5)	7	35
’23	(1)	9	2	7	18
’22	12	16	25	25	79
’21	13	16	18	21	69
’20	12	31	5	2	50

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	59	5	—	—	—
’25	(7)	(23)	11	(17)	(35)
’24	(21)	17	(12)	(6)	(22)
’23	(28)	5	(1)	1	(24)
’22	(4)	(20)	(10)	(13)	(47)
’21	1	(8)	8	16	17
’20	(36)	(12)	2	22	(23)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(3.72)	0.34	—	—	—
’25	(0.35)	(0.21)	(0.91)	(0.76)	(2.24)
’24	(2.24)	(0.53)	0.34	(1.88)	(3.90)
’23	1.28	(0.35)	(3.50)	1.63	(0.92)
’22	(5.69)	0.79	6.42	(0.47)	1.12
’21	(2.06)	(2.09)	0.79	1.58	(1.74)
’20	7.07	(7.86)	(9.45)	(3.93)	(14.18)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	2.00	2.25	7.03	7.42	4.51	1.31	1.00	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	19.00	16.00	14.82	23.33	12.37	9.66	3.67
People
People	Employees	—	—	—	69	60	58	63	38	38	40
	Revenue/emp, $m	0.00	0.00	0.00	3.26	2.47	4.92	5.70	5.81	5.10	4.15
Income, $m
Income, $m	Revenue	418	376	227	225	148	285	359	221	194	166
	Gross margin, %	24.21	37.61	52.99	46.83	24.55	57.96	61.74	42.23	40.25	36.86
	EBT	(471)	531	142	(1,262)	(230)	(28)	19	(3)	(32)	12
	EBT margin, %	(112.70)	141.20	62.55	(561.81)	(154.90)	(9.93)	5.16	(1.38)	(16.44)	7.15
	Net income	(504)	536	46	(1,167)	(230)	(28)	19	(3)	(32)	12
	Depreciation	167	110	79	113	62	46	57	64	59	54
Per share, $
Per share, $	Revenue	4.50	2.83	1.44	13.87	9.15	17.54	21.99	13.43	11.78	10.09
	Earnings	(5.51)	3.65	0.29	(71.99)	(14.18)	(1.74)	1.14	(0.92)	(3.90)	(2.24)
	Cash flow	2.99	0.86	0.43	(1.61)	3.10	4.22	4.83	1.07	2.15	2.38
	Capex	0.00	0.00	(4.50)	(18.37)	(4.50)	(3.20)	(7.73)	(2.52)	(3.50)	(4.53)
	Free cash flow	2.99	0.86	(4.07)	(19.98)	(1.40)	1.02	(2.91)	(1.46)	(1.36)	(2.16)
	Book value	1.22	8.07	0.00	19.54	5.55	3.92	5.18	4.14	0.25	(1.99)
	Shares, m	93	133	157	16	16	16	16	16	16	16
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	8.55	0.00	0.00	0.00
	P/S	7.45	7.45	7.45	9.55	0.91	0.56	0.44	0.72	0.15	0.11
	P/B	7.62	7.62	7.62	6.76	1.50	2.50	1.85	2.33	6.87	0.00
	EV/Sales	11.09	11.09	11.09	10.14	1.96	1.03	0.95	1.32	0.86	1.17
	EV/FCF	(834.21)	(834.21)	(834.21)	(2.13)	(12.81)	17.64	(7.19)	(12.16)	(7.45)	(5.47)
Cash, $m
Cash, $m	Operating cash flow	278	115	67	(26)	50	69	79	18	35	39
	Capex	(290)	(1,429)	(707)	(298)	(73)	(52)	(126)	(42)	(58)	(75)
	Free cash flow	278	115	(639)	(324)	(23)	17	(47)	(24)	(22)	(35)
Balance, $m
Balance, $m	Working capital	(47)	322	(17)	(35)	(35)	(34)	(77)	(44)	(24)	(6)
	Total debt	965	409	613	145	160	182	218	190	158	203
	Net debt	965	(15)	566	135	156	133	185	133	138	175
	Shareholders’ equity	113	1,072	—	317	90	64	85	68	4	(33)
Returns, %
Returns, %	ROA	(34.60)	32.91	5.59	(104.68)	(49.34)	(7.69)	4.23	(3.11)	(13.99)	(8.26)
	ROIC	0.00	0.00	10.17	(145.66)	(66.56)	32.80	35.27	5.47	(5.17)	(2.91)
	ROE	(86.54)	82.31	4.05	(154.13)	(112.99)	(36.86)	25.00	(19.78)	(177.71)	256.88

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EP Empire Petroleum Corporation	$136.0M	— (loss-making)	—	+8.58% (above 0%: growing)	n/m	−43.32% (below 0%: shrinking)	47.01%	(16.22%)	Compare
NRT North European Oil Royality Trust	$77.5M	8.4×	—	+0.94% (above 0%: growing)	+3.85% (above 0%: growing)	−113.18% (below 0%: shrinking)	100.00%	100.00%	Compare
CRT Cross Timbers Royalty Trust	$77.2M	24.2×	13.0×	−1.16% (below 0%: shrinking)	−6.67% (below 0%: shrinking)	—	44.21%	27.28%	Compare
BSIN Big Sky Industrial Inc.	$73.0M	— (loss-making)	— (loss-making)	+5.23% (above 0%: growing)	n/m	−76.10% (below 0%: shrinking)	45.64%	(111.76%)	Compare
BATL Battalion Oil Corporation	$59.0M	— (loss-making)	25.5×	+12.42% (above 0%: growing)	n/m	+119.80% (above 0%: growing)	47.93%	14.09%
PVL PERMIANVILLE ROYALTY TRUST	$58.7M	7.3×	6.3×	+31.88% (above 0%: growing)	+200.00% (above 0%: growing)	—	56.52%	20.33%	Compare
VOC VOC Energy Trust	$57.6M	8.3×	27.3×	−31.56% (below 0%: shrinking)	−23.08% (below 0%: shrinking)	—	100.00%	94.96%	Compare
PROP Prairie Operating Co.	$40.5M	— (loss-making)	— (loss-making)	+45.17% (above 0%: growing)	+25.65% (above 0%: growing)	−5,603.85% (below 0%: shrinking)	100.00%	45.88%	Compare
INDO Indonesia Energy Corporation Limited	$40.2M	— (loss-making)	12.3×	+20.70% (above 0%: growing)	−328.57% (below 0%: shrinking)	−67.13% (below 0%: shrinking)	(20.82%)	0.00%	Compare
Median of peers	$65.9M	8.3×	12.7×	+6.91%	−1.41%	−76.10%	51.77%	23.80%

All 73 Oil & Gas E&P stocks →

Battalion Oil Corporation (BATL) key facts

Concern: Battalion Oil Corporation’s revenue for fiscal 2025 (year ended December 2025) was $166.0 million, down 14.4% from fiscal 2024.
Battalion Oil Corporation (BATL) is an Oil & Gas E&P company in the Energy sector, listed on NYSE American.
As of October 16, 2026, BATL traded at $1.05, a market capitalization of $59.0 million.
Return on equity was 256.9% and debt-to-equity 0.78.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.51 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.