Battalion Oil Corporation (BATL)

Battalion Oil Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	184.56	193.22	218.51	357.4	284.15	146.78
Other Revenue	0.64	0.68	2.26	1.66	1.05	1.51
Revenue	185.21	193.89	220.76	359.06	285.21	148.29
Revenue Growth (YoY)	-7.55%	-12.17%	-38.52%	25.90%	92.33%	-34.00%
Cost of Revenue	98.49	104.61	115.59	118.9	107.6	101.83
Gross Profit	86.71	89.29	105.17	240.17	177.61	46.46
Selling, General & Admin	17.93	18.36	19.03	17.64	16.51	18.46
Other Operating Expenses	-35.9	8.93	-0.75	128.49	137.93	-28.7
Operating Expenses	54.24	98.72	74.9	198.04	199.85	51.81
Operating Income	32.47	-9.44	30.27	42.13	-22.25	-5.35
Interest Expense	-27.54	-29.01	-36.51	-23.59	-8.02	-6.63
Interest & Investment Income	2.13	2.12	1.24	-	-	-
Other Non Operating Income (Expenses)	0.67	1.93	1.95	-	-	-
EBT Excluding Unusual Items	7.73	-34.39	-3.05	18.54	-30.26	-11.98
Merger & Restructuring Charges	10	10	-	-	-	-2.58
Asset Writedown	-	-	-	-	-	-215.15
Other Unusual Items	-7.49	-7.49	-	-	1.95	-
Pretax Income	10.24	-31.88	-3.05	18.54	-28.32	-229.71
Net Income	10.24	-31.88	-3.05	18.54	-28.32	-229.71
Preferred Dividends & Other Adjustments	38.09	32.22	12.05	-	-	-
Net Income to Common	-27.85	-64.1	-15.1	18.54	-28.32	-229.71
Shares Outstanding (Basic)	16	16	16	16	16	16
Shares Outstanding (Diluted)	16	16	16	17	16	16
Shares Change (YoY)	0.00%	0.10%	-0.42%	1.53%	0.35%	-86.86%
EPS (Basic)	-1.69	-3.90	-0.92	1.14	-1.74	-14.18
EPS (Diluted)	-1.69	-3.90	-0.92	1.12	-1.74	-14.18
Free Cash Flow	-48.34	-29.34	-28.85	-47.82	15.64	-51.7
Free Cash Flow Per Share	-2.94	-1.78	-1.75	-2.90	0.96	-3.19
Gross Margin	46.82%	46.05%	47.64%	66.89%	62.27%	31.33%
Operating Margin	17.53%	-4.87%	13.71%	11.73%	-7.80%	-3.61%
Profit Margin	-15.04%	-33.06%	-6.84%	5.16%	-9.93%	-154.91%
Free Cash Flow Margin	-26.10%	-15.13%	-13.07%	-13.32%	5.49%	-34.86%
EBITDA	86.18	43.49	86.9	94.05	23.16	56.71
EBITDA Margin	46.53%	22.43%	39.36%	26.19%	8.12%	38.24%
D&A For EBITDA	53.71	52.93	56.62	51.92	45.41	62.05
EBIT	32.47	-9.44	30.27	42.13	-22.25	-5.35
EBIT Margin	17.53%	-4.87%	13.71%	11.73%	-7.80%	-3.61%
Revenue as Reported	185.21	193.89	220.76	359.06	285.21	148.29

Updated Aug 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q