A Business at a Glance
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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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 183M | 194M | 221M | 359M | 285M | 148M |
| Net Income | -55M | -64M | -15M | 19M | -28M | -230M |
| EPS | $-3.36 | $-3.90 | $-0.92 | $1.12 | $-1.74 | $-14.18 |
| Free Cash Flow | 0 | 28M | 13M | 79M | 69M | 50M |
| ROIC | -10.0% | -7.1% | 9.0% | 64.9% | 46.5% | -64.8% |
| Gross Margin | - | 3.4% | 16.6% | 49.1% | 42.4% | - |
| Debt/Equity | 0.00 | 41.39 | 3.55 | 2.58 | 2.85 | 1.78 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -14M | -12M | 18M | 152M | 103M | -262M |
| Operating Margin | -7.6% | -6.1% | 8.0% | 42.4% | 36.2% | -176.6% |
| ROE | 0.0% | -177.7% | -22.2% | 25.0% | -36.9% | -113.0% |
| Shares Outstanding | 16M | 16M | 16M | 17M | 16M | 16M |
BATTALION OIL CORP passes 0 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 2.2x vs a median of 2.4x. The company's 5-year average ROIC is 9.7% with a gross margin of 27.9%. At current prices, the estimated annualized return to fair value is -14.2%.
BATTALION OIL CORP (BATL) has a 5-year average return on invested capital (ROIC) of 9.7%. This is below average and may indicate limited pricing power.
BATTALION OIL CORP (BATL) has a market capitalization of $61M. 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 $194 million in its most recent fiscal year, based on SEC EDGAR filings.
BATTALION OIL CORP (BATL) has a net profit margin of -33.1%. The company is currently unprofitable.
BATTALION OIL CORP (BATL) generated $28 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BATTALION OIL CORP (BATL) has a debt-to-equity ratio of 41.39. This indicates higher leverage, which may increase financial risk.
BATTALION OIL CORP (BATL) reported earnings per share (EPS) of $-3.90 in its most recent fiscal year.
BATTALION OIL CORP (BATL) has a return on equity (ROE) of -177.7%. A negative ROE may indicate losses or negative equity.
BATTALION OIL CORP (BATL) has a 5-year average gross margin of 27.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 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 $0.25, based on its most recent annual SEC filing.
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