Battalion Oil Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	157.74	166.04	193.89	220.76	359.06	285.21
Revenue Growth (YoY)	-17.63%	-14.36%	-12.17%	-38.52%	25.90%	92.33%
Cost of Revenue	101.06	104.84	115.85	127.53	137.38	119.91
Gross Profit	24.4	61.2	78.05	93.23	221.69	165.3
Selling, General & Admin	14.47	14.62	18.36	19.03	17.64	16.51
Depreciation & Amortization Expenses	51.43	52.14	52.93	56.62	51.92	45.41
Other Operating Expenses	1.07	1.07	18.51	-	-	-
Total Operating Expenses	66.97	67.84	89.79	75.65	69.55	61.92
Operating Income	-12.16	-6.64	-11.75	17.58	152.14	103.37
Interest Expense	-25.59	-26.75	-14.96	-33.32	-23.59	-8.02
Other Non-Operating Income (Expense)	-12.87	45.26	-5.18	12.69	-110.01	-123.67
Total Non-Operating Income (Expense)	-38.46	18.52	-20.14	-20.63	-133.6	-131.69
Pretax Income	-50.62	11.88	-31.88	-3.05	18.54	-28.32
Net Income	-95.84	-36.83	-64.1	-15.1	18.54	-28.32
Net Income Attributable to Preferred Dividends	45.22	48.71	32.22	12.05	-	-
Net Income to Common	-95.84	-36.83	-64.1	-15.1	18.54	-28.32
Shares Outstanding (Basic)	17	16	16	16	16	16
Shares Outstanding (Diluted)	17	16	16	16	17	16
Shares Change (YoY)	1.35%	-	0.10%	-0.42%	1.53%	0.35%
EPS (Basic)	-5.60	-2.24	-3.90	-0.92	1.14	-1.74
EPS (Diluted)	-5.60	-2.24	-3.90	-0.92	1.12	-1.74
Shares Outstanding	20.54	16.46	16.46	16.46	16.34	16.27
Free Cash Flow	-29.91	-35.48	-29.29	-28.85	-47.82	15.64
Free Cash Flow Per Share	-1.79	-2.16	-1.78	-1.75	-2.90	0.96
Gross Margin	15.47%	36.86%	40.25%	42.23%	61.74%	57.96%
Operating Margin	-7.71%	-4.00%	-6.06%	7.96%	42.37%	36.25%
Profit Margin	-32.09%	7.15%	-16.44%	-1.38%	5.16%	-9.93%
FCF Margin	-18.96%	-21.37%	-15.11%	-13.07%	-13.32%	5.49%
EBITDA	39.26	45.51	41.18	74.21	204.05	148.78
EBITDA Margin	24.89%	27.41%	21.24%	33.61%	56.83%	52.17%
EBIT	-12.16	-6.64	-11.75	17.58	152.14	103.37
EBIT Margin	-7.71%	-4.00%	-6.06%	7.96%	42.37%	36.25%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q