A Business at a Glance
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BATTALION OIL CORP
BATL
$27M
Mkt Cap
$1.63
-5.78%
BATTALION OIL CORP (BATL) has a 5-year average return on invested capital (ROIC) of 21.5%. This indicates strong capital allocation and a potential competitive advantage.
BATTALION OIL CORP (BATL) has a market capitalization of $27M. It is classified as a small-cap stock.
BATTALION OIL CORP (BATL) does not currently pay a regular dividend.
BATTALION OIL CORP (BATL) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
BATTALION OIL CORP (BATL) reported annual revenue of $166 million in its most recent fiscal year, based on SEC EDGAR filings.
BATTALION OIL CORP (BATL) has a net profit margin of -22.2%. The company is currently unprofitable.
BATTALION OIL CORP (BATL) generated $37 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Unless the context otherwise requires, all references in this report to “Battalion,”, “the Company”, “our,” “us,” and “we” refer to Battalion Oil Corporation and its subsidiaries, as a common entity. Battalion is the successor reporting company to Halcón Resources Corporation (“Halcón”). On January 21, 2020, we filed a Certificate of Amendment to our Amended and Restated Certificate of Incorporation with the Delaware Secretary of State to effect a change of our corporate name from Halcón Resources Corporation to Battalion Oil Corporation. We are an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the U.S. Our properties and drilling activities are currently focused in the Delaware Basin, where we have an extensive drilling inventory that we believe offers attractive long-term economics.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 166M | 166M | 194M | 221M | 359M | 285M |
| Net Income | -37M | -37M | -64M | -15M | 19M | -28M |
| EPS | $-2.24 | $-2.24 | $-3.90 | $-0.92 | $1.12 | $-1.74 |
| Free Cash Flow | 37M | 37M | 28M | 13M | 79M | 69M |
| ROIC | -3.7% | -4.6% | -6.8% | 7.5% | 64.9% | 46.5% |
| Gross Margin | 4.8% | 4.8% | 3.4% | 16.6% | 49.1% | 42.5% |
| Debt/Equity | 0.00 | -6.23 | 38.42 | 2.80 | 2.58 | 2.85 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -6.6M | -6.6M | -12M | 18M | 152M | 103M |
| Operating Margin | -4.0% | -4.0% | -6.1% | 8.0% | 42.4% | 36.2% |
| ROE | 0.0% | 256.9% | -177.7% | -19.8% | 25.0% | -36.9% |
| Shares Outstanding | 16M | 16M | 16M | 16M | 17M | 16M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 248M | 1000M | 1.1B | N/A | 378M | 227M | 148M | 285M | 359M | 221M | 194M | 166M | 166M |
| Gross Margin | 36.1% | N/A | 6.4% | N/A | 41.3% | 68.0% | N/A | 42.5% | 49.1% | 16.6% | 3.4% | 4.8% | 4.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 111M | 132M | 117M | 88M | 111M | 62M | 18M | 17M | 18M | 19M | 18M | 15M | 15M |
| EBIT | -30M | -1.3B | -58M | -2.7B | N/A | 92M | -262M | 103M | 152M | 18M | -12M | -6.6M | -6.6M |
| Op. Margin | -12.0% | -129.2% | -5.1% | N/A | N/A | 40.7% | -176.6% | 36.2% | 42.4% | 8.0% | -6.1% | -4.0% | -4.0% |
| Net Income | -142M | -1.2B | 283M | -2.0B | 488M | 46M | -230M | -28M | 19M | -15M | -64M | -37M | -37M |
| Net Margin | -57.3% | -123.4% | 24.6% | N/A | 129.0% | 20.3% | -154.9% | -9.9% | 5.2% | -6.8% | -33.1% | -22.2% | -22.2% |
| Non-Recurring | 2.4M | 233M | 987K | 2.9M | 729M | 119M | 2.6M | 0 | 0 | 0 | 19M | 1.1M | 1.1M |
| Returns on Capital | |||||||||||||
| ROIC | -1.6% | -30.6% | 5.6% | -47.5% | N/A | 3.9% | -64.8% | 46.5% | 64.9% | 7.5% | -6.8% | -4.6% | -3.7% |
| ROE | -20.3% | -86.7% | 17.6% | -220.0% | 82.3% | 4.1% | -113.0% | -36.9% | 25.0% | -19.8% | -177.7% | 256.9% | 0.0% |
| ROA | -5.4% | -23.7% | 4.8% | -40.8% | 32.9% | 2.5% | -49.3% | -7.7% | 4.2% | -3.1% | -14.0% | -8.3% | -8.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 84M | 494M | 668M | 467M | 115M | 67M | 50M | 69M | 79M | 18M | 35M | 39M | 39M |
| Free Cash Flow | 46M | 355M | 625M | 456M | 89M | -50M | 50M | 69M | 79M | 13M | 28M | 37M | 37M |
| Owner Earnings | 72M | 468M | 634M | 430M | 74M | 44M | 46M | 66M | 75M | 15M | 33M | 36M | 36M |
| CapEx | 38M | 139M | 43M | 11M | 26M | 117M | 0 | 0 | 0 | 4.4M | 7.5M | 2.2M | 2.2M |
| Maint. CapEx | 8.1M | 8.5M | 15M | 22M | 4.1M | 8.4M | 1.1M | 1.0M | 1.2M | 1.8M | 2.5M | 2.8M | 2.8M |
| Growth CapEx | 30M | 131M | 28M | 0 | 21M | 109M | N/A | N/A | N/A | 2.6M | 5.1M | 0 | 0 |
| D&A | 8.1M | 8.5M | 15M | 22M | 4.1M | 8.4M | 1.1M | 1.0M | 1.2M | 1.8M | 2.5M | 2.8M | 2.8M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.4% | 18.9% | 24.9% | 21.3% | N/A | 5.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 5.0M | 8.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 2.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 4.6M | 17M | 19M | 15M | 37M | 15M | 2.6M | 2.0M | 2.2M | 1.1M | 152K | 109K | 109K |
| Debt Repayment | 655M | 2.6B | 1.7B | 1.6B | 1.9B | 232M | 132M | 332M | 95K | 35M | 200M | 17M | 17M |
| Balance Sheet | |||||||||||||
| Net Debt | 2.1B | 3.2B | 3.7B | 2.9B | -15M | 566M | 156M | 135M | 185M | 133M | 139M | 176M | 176M |
| Cash & Equiv. | 2.5M | 2.8M | 44M | 8.0M | 424M | 47M | 4.3M | 47M | 33M | 58M | 20M | 28M | 28M |
| Long-Term Debt | 2.0B | 3.2B | 3.7B | 2.9B | 409M | 613M | 158M | 182M | 183M | 140M | 146M | 181M | 181M |
| Debt/Equity | 1.51 | 2.20 | 2.11 | 54.83 | 0.38 | 0.51 | 1.78 | 2.85 | 2.58 | 2.80 | 38.42 | -6.23 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 258.4 | 28.2 | 0.5 | -0.4 | -0.2 | -0.2 |
| Equity | 1.4B | 1.4B | 1.8B | 52M | 1.1B | 1.2B | 90M | 64M | 85M | 68M | 4.1M | -33M | -33M |
| Total Assets | 5.0B | 5.4B | 6.4B | 3.5B | 1.6B | 2.1B | 346M | 390M | 485M | 485M | 431M | 461M | 461M |
| Total Liabilities | 3.6B | 3.9B | 4.5B | 3.2B | 572M | 887M | 257M | 327M | 401M | 417M | 427M | 493M | 493M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Retained Earnings | -274M | -1.5B | -1.2B | -3.2B | 56M | 102M | -240M | -268M | -250M | -253M | -285M | -273M | -273M |
| Working Capital | -390M | -326M | -42M | 261M | 321M | -17M | -35M | -34M | -77M | -44M | -24M | -6.5M | -6.5M |
| Current Assets | 288M | 339M | 703M | 557M | 472M | 145M | 48M | 88M | 88M | 91M | 54M | 57M | 57M |
| Current Liabilities | 678M | 664M | 745M | 295M | 150M | 162M | 83M | 122M | 165M | 134M | 78M | 64M | 64M |
| Per Share Data | |||||||||||||
| EPS | -45.50 | -148.34 | 146.50 | -933.00 | 36.50 | 2.90 | -14.18 | -1.74 | 1.12 | -0.92 | -3.90 | -2.24 | -2.24 |
| Owner EPS | 22.91 | 56.33 | 328.48 | 199.92 | 5.52 | 2.74 | 2.87 | 4.03 | 4.55 | 0.90 | 1.99 | 2.20 | 2.20 |
| Book Value | 446.91 | 174.10 | 917.58 | 24.37 | 80.23 | 75.53 | 5.55 | 3.91 | 5.11 | 4.15 | 0.25 | -1.99 | -1.99 |
| Cash Flow/Share | 26.97 | 59.40 | 345.84 | 217.10 | 8.58 | 4.24 | 3.10 | 4.21 | 4.76 | 1.07 | 2.15 | 2.38 | -2.07 |
| Dividends/Share | N/A | N/A | 2.57 | 3.80 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 3.1M | 8.3M | 1.9M | 2.2M | 13.4M | 15.8M | 16.2M | 16.3M | 16.6M | 16.4M | 16.4M | 16.4M | 16.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.7 | N/A | N/A | N/A | -0.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | 2.7 | 2.4 | 2.0 | 11.9 | 1.2 | N/A | 0.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.9 | 2.3 | 16.5 | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | 1.5 | 2.6 | 1.9 | 2.3 | 8.3 | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | 0.9 | 0.6 | 0.6 | 0.5 | 0.4 | N/A | 0.2 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | 37.3% | 41.7% | 49.1% | 8.4% | 81.4% | N/A | 137.5% |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | 134M | 164M | 161M | 157M | 34M | 0 | 27M |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | 8.10 | 11.10 | 13.74 | 7.26 | 5.26 | 0.00 | 1.63 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | 8.30 | 10.10 | 9.70 | 9.58 | 2.08 | 0.00 | 1.63 |
BATTALION OIL CORP passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 1.0x vs a median of 2.4x. The company's 5-year average ROIC is 21.5% with a gross margin of 23.3%. At current prices, the estimated annualized return to fair value is -14.3%.
BATTALION OIL CORP (BATL) reported earnings per share (EPS) of $-2.24 in its most recent fiscal year.
BATTALION OIL CORP (BATL) has a return on equity (ROE) of 256.9%. This indicates the company generates strong returns for shareholders.
BATTALION OIL CORP (BATL) has a 5-year average gross margin of 23.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for BATTALION OIL CORP (BATL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BATTALION OIL CORP (BATL) has a book value per share of $-1.99, based on its most recent annual SEC filing.
No recent press releases.