Income Statement Battalion Oil Corporation OTC Markets

Stocks

HK

US40537Q6052

Oil & Gas Exploration and Production

Delayed OTC Markets			5-day change	1st Jan Change
- ^USD	-.--%		+2.78%	-95.65%

09-07	Digital Wildcatters, Inc. announced that it has received funding from Battalion Oil Corporation	CI
08-12	Battalion Oil Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

8a3a7b553c70224b1cf342fb3033e3.3YtRTyc1ieIPgPl1LbyR9VGesZlly4epvFYSEV06SRA.jcFlBVVvv4ZC9K0DSv3jm2nv9M4Msd3C-A9VRQl1GGqOxRQ6E3TAtk34yQ

Published financial data: BATTALION OIL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	284M	357M	219M	193M	165M
Other Revenues, Total	1.05M	1.66M	2.26M	677K	1.08M
Total Revenues	285M	359M	221M	194M	166M
Cost of Goods Sold, Total	108M	119M	116M	105M	95M
Gross Profit	178M	240M	105M	89.29M	71.04M
Selling General & Admin Expenses, Total	16.51M	17.64M	19.02M	18.36M	14.62M
Provision for Bad Debts	-	-	-	18.51M	-
Depreciation & Amortization - (IS)	45.41M	51.92M	56.62M	52.93M	52.14M
Other Operating Expenses	138M	128M	-746K	8.93M	-35.42M
Other Operating Expenses, Total	200M	198M	74.9M	98.72M	31.34M
Operating Income	-22.24M	42.13M	30.27M	-9.44M	39.7M
Interest Expense, Total	-8.02M	-23.46M	-31.27M	-29.01M	-28.84M
Interest And Investment Income	-	-	-	2.12M	2.26M
Net Interest Expenses	-8.02M	-23.46M	-31.27M	-26.89M	-26.58M
Other Non Operating Income (Expenses)	-	-133K	-2.05M	1.93M	-172K
EBT, Excl. Unusual Items	-30.26M	18.54M	-3.05M	-34.39M	12.95M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	10M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-1.07M
Other Unusual Items	1.95M	-	-	-7.49M	-
EBT, Incl. Unusual Items	-28.32M	18.54M	-3.05M	-31.88M	11.88M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-28.32M	18.54M	-3.05M	-31.88M	11.88M
Net Income to Company	-28.32M	18.54M	-3.05M	-31.88M	11.88M
Net Income - (IS)	-28.32M	18.54M	-3.05M	-31.88M	11.88M
Preferred Dividend and Other Adjustments	-	-	12.05M	32.22M	48.71M
Net Income to Common Incl Extra Items	-28.32M	18.54M	-15.1M	-64.1M	-36.83M
Net Income to Common Excl. Extra Items	-28.32M	18.54M	-15.1M	-64.1M	-36.83M
Per Share Items
Net EPS - Basic	-1.74	1.14	-0.92	-3.9	-2.24
Basic EPS - Continuing Operations	-1.74	1.14	-0.92	-3.9	-2.24
Basic Weighted Average Shares Outstanding	16.26M	16.33M	16.44M	16.46M	16.46M
Net EPS - Diluted	-1.74	1.12	-0.92	-3.9	-2.24
Diluted EPS - Continuing Operations	-1.74	1.12	-0.92	-3.9	-2.24
Diluted Weighted Average Shares Outstanding	16.26M	16.51M	16.44M	16.46M	16.46M
Normalized Basic EPS	-1.16	0.71	-0.12	-1.31	0.49
Normalized Diluted EPS	-1.16	0.7	-0.12	-1.31	0.49
Supplemental Items
EBITDA	23.16M	94.04M	86.9M	43.49M	91.84M
EBITA	-21.77M	42.66M	31.06M	-8.45M	40.78M
EBIT	-22.24M	42.13M	30.27M	-9.44M	39.7M
EBITDAR	27.13M	102M	90.03M	48.48M	96.65M
Total Revenues (As Reported)	285M	359M	221M	194M	166M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-18.91M	11.59M	-1.9M	-21.5M	8.09M
Interest Capitalized	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	16.51M	17.64M	19.02M	18.36M	14.62M
Net Rental Expense, Total	3.97M	8.36M	3.14M	4.99M	4.81M
Imputed Operating Lease Interest Expense	1.49M	7.84M	3.83M	6.62M	6.12M
Imputed Operating Lease Depreciation	2.49M	525K	-695K	-1.63M	-1.31M
Stock-Based Comp., G&A Exp. (Total)	2.01M	2.21M	-1.07M	152K	48K
Stock-Based Comp., Other (Total)	-	-	-	-	-157K
Total Stock-Based Compensation	2.01M	2.21M	-1.07M	152K	-109K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	46.86M	32.73M	57.53M	19.71M	27.96M
Total Cash And Short Term Investments	46.86M	32.73M	57.53M	19.71M	27.96M
Accounts Receivable, Total	36.61M	37.18M	21.94M	25.66M	9.85M
Other Receivables	193K	793K	1.08M	642K	2.22M
Total Receivables	36.81M	37.97M	23.02M	26.3M	12.07M
Prepaid Expenses	975K	715K	490K	572K	621K
Restricted Cash	1.5M	90K	90K	91K	91K
Other Current Assets, Total	1.77M	16.66M	9.41M	7.38M	16.42M
Total Current Assets	87.91M	88.16M	90.54M	54.05M	57.16M
Gross Property Plant And Equipment	638M	781M	820M	870M	944M
Accumulated Depreciation	-341M	-392M	-448M	-500M	-551M
Net Property Plant And Equipment	298M	389M	372M	371M	393M
Long-term Investments	-	1.56M	1.28M	940K	-
Accounts Receivable Long-Term	1.01M	-	15.06M	-	-
Other Long-Term Assets, Total	3.78M	6.64M	6.19M	5.39M	10.71M
Total Assets	390M	485M	485M	431M	461M
Liabilities
Accounts Payable, Total	25.32M	42.92M	24.92M	15.66M	12.63M
Accrued Expenses, Total	9.87M	10.46M	7.28M	9.4M	8.45M
Current Portion of Long-Term Debt	85K	35.07M	50.11M	12.25M	22.51M
Current Portion of Leases	369K	352K	594K	406K	764K
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	85.97M	76.22M	51.52M	39.95M	19.29M
Total Current Liabilities	122M	165M	134M	77.66M	63.64M
Long-Term Debt	182M	183M	140M	146M	181M
Long-Term Leases	352K	-	490K	84K	104K
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	23.04M	53.03M	35.6M	26.11M	22.53M
Total Liabilities	327M	401M	311M	249M	267M
Preferred Stock Convertible	-	-	107M	178M	226M
Total Preferred Equity	-	-	107M	178M	226M
Common Stock, Total	2K	2K	2K	2K	2K
Additional Paid In Capital	332M	335M	321M	289M	240M
Retained Earnings	-268M	-250M	-253M	-285M	-273M
Total Common Equity	63.7M	84.63M	68.02M	4.12M	-32.79M
Total Equity	63.7M	84.63M	175M	182M	193M
Total Liabilities And Equity	390M	485M	485M	431M	461M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	16.34M	16.45M	16.46M	16.46M	18.26M
ECS Total Common Shares Outstanding	16.27M	16.34M	16.46M	16.46M	16.46M
Book Value / Share	3.91	5.18	4.13	0.25	-1.99
Tangible Book Value	63.7M	84.63M	68.02M	4.12M	-32.79M
Tangible Book Value Per Share	3.91	5.18	4.13	0.25	-1.99
Total Debt	182M	218M	191M	158M	204M
Net Debt	136M	185M	134M	139M	176M
Debt Equivalent Oper. Leases	31.77M	66.9M	25.1M	39.9M	38.46M
Equity Method Investments, Total	-	1.56M	1.28M	940K	-
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	58	63	38	38	40
Accumulated Allowance for Doubtful Accounts (Supple)	200K	-	-	-	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-28.32M	18.54M	-3.05M	-31.88M	11.88M
Depreciation & Amortization - CF	44.93M	51.39M	55.83M	51.94M	51.06M
Amortization of Goodwill and Intangible Assets - (CF)	477K	528K	793K	991K	1.08M
Depreciation & Amortization, Total	45.41M	51.92M	56.62M	52.93M	52.14M
Amortization of Deferred Charges, Total - (CF)	379K	5.45M	7.62M	6.42M	1.57M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-744K	-	-	1.07M
Stock-Based Compensation (CF)	2.01M	2.21M	-1.07M	152K	-109K
Provision and Write-off of Bad Debts	-	-	-	18.51M	-
Other Operating Activities, Total	52.24M	-17.85M	-23.37M	-4.98M	-30.91M
Change In Accounts Receivable	-4.65M	594K	15.66M	-2.76M	14.46M
Change In Accounts Payable	865K	18.46M	-35.02M	-2.95M	-11.11M
Change in Other Net Operating Assets	636K	234K	202K	-75K	91K
Cash from Operations	68.57M	78.8M	17.59M	35.36M	39.09M
Capital Expenditure	-52.93M	-127M	-46.44M	-64.7M	-74.57M
Sale of Property, Plant, and Equipment	947K	332K	4.93M	7.02M	-
Other Investing Activities, Total	68K	163K	-10.33M	-7.76M	-380K
Cash from Investing	-51.91M	-126M	-51.84M	-65.44M	-74.95M
Long-Term Debt Issued, Total	374M	35.2M	-	162M	63M
Total Debt Issued	374M	35.2M	-	162M	63M
Long-Term Debt Repaid, Total	-332M	-95K	-35.09M	-200M	-16.97M
Total Debt Repaid	-332M	-95K	-35.09M	-200M	-16.97M
Issuance of Common Stock	-	-	-	-	-
Issuance of Preferred Stock	-	-	94.61M	38.78M	-
Repurchase of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-14.51M	-3.32M	-455K	-8.4M	-1.92M
Cash from Financing	27.4M	31.79M	59.06M	-7.73M	44.11M
Net Change in Cash	44.06M	-15.54M	24.8M	-37.82M	8.25M
Supplemental Items
Cash Interest Paid	-	-	28.71M	22.32M	27.23M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	18.54M	-61.31M	-7.36M	-49.26M	-33.68M
Unlevered Free Cash Flow	23.17M	-52.1M	4.57M	-37.55M	-17.23M
Change In Net Working Capital	-42.59M	5.93M	23.46M	20.03M	19.5M
Net Debt Issued / Repaid	41.92M	35.1M	-35.09M	-38.11M	46.03M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-3.77	6.01	3.9	-1.29	5.56
Return on Total Capital	-5.6	9.6	5.66	-1.67	6.73
Return On Equity %	-36.86	25	-2.35	-17.9	6.33
Return on Common Equity	-36.86	25	-19.78	-177.71	256.88
Margin Analysis
Gross Profit Margin %	62.27	66.89	47.64	46.05	42.79
SG&A Margin	5.79	4.91	8.62	9.47	8.81
EBITDA Margin %	8.12	26.19	39.36	22.43	55.31
EBITA Margin %	-7.63	11.88	14.07	-4.36	24.56
EBIT Margin %	-7.8	11.73	13.71	-4.87	23.91
Income From Continuing Operations Margin %	-9.93	5.16	-1.38	-16.44	7.15
Net Income Margin %	-9.93	5.16	-1.38	-16.44	7.15
Net Avail. For Common Margin %	-9.93	5.16	-6.84	-33.06	-22.18
Normalized Net Income Margin	-6.63	3.23	-0.86	-11.09	4.87
Levered Free Cash Flow Margin	6.5	-17.08	-3.33	-25.41	-20.28
Unlevered Free Cash Flow Margin	8.12	-14.51	2.07	-19.37	-10.38
Asset Turnover
Asset Turnover	0.77	0.82	0.45	0.42	0.37
Fixed Assets Turnover	0.97	1.05	0.58	0.52	0.43
Receivables Turnover (Average Receivables)	8.37	9.69	7.39	8.12	9.29
Short Term Liquidity
Current Ratio	0.72	0.53	0.67	0.7	0.9
Quick Ratio	0.69	0.43	0.6	0.59	0.63
Operating Cash Flow to Current Liabilities	0.56	0.48	0.13	0.46	0.61
Days Sales Outstanding (Average Receivables)	43.63	37.68	49.38	45.08	39.28
Average Days Payable Outstanding	81.51	104.74	107.1	70.99	54.35
Long Term Solvency
Total Debt/Equity	286.27	257.71	109.69	87.13	105.63
Total Debt / Total Capital	74.11	72.04	52.31	46.56	51.37
LT Debt/Equity	285.56	215.86	80.64	80.16	93.6
Long-Term Debt / Total Capital	73.93	60.34	38.46	42.84	45.52
Total Liabilities / Total Assets	83.68	82.56	64.03	57.86	58.01
EBIT / Interest Expense	-2.77	1.8	0.97	-0.33	1.38
EBITDA / Interest Expense	3.38	4.37	2.88	1.67	3.35
(EBITDA - Capex) / Interest Expense	-3.22	-1.03	1.39	-0.56	0.77
Total Debt / EBITDA	6.72	2.13	2.13	3.26	2.11
Net Debt / EBITDA	4.99	1.81	1.49	2.86	1.82
Total Debt / (EBITDA - Capex)	-7.07	-9.01	4.39	-9.76	9.26
Net Debt / (EBITDA - Capex)	-5.25	-7.65	3.07	-8.54	7.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	92.33	25.9	-38.52	-12.17	-14.36
Gross Profit, 1 Yr. Growth %	282.3	35.22	-56.21	-15.11	-20.43
EBITDA, 1 Yr. Growth %	-59.15	306.01	-7.6	-49.95	48.13
EBITA, 1 Yr. Growth %	357.02	-295.97	-27.18	-127.19	305.18
EBIT, 1 Yr. Growth %	315.95	-289.39	-28.15	-131.18	337.49
Earnings From Cont. Operations, 1 Yr. Growth %	-87.67	-165.47	-116.44	946	-137.26
Net Income, 1 Yr. Growth %	-87.67	-165.47	-116.44	946	-137.26
Normalized Net Income, 1 Yr. Growth %	152.57	-161.26	-116.44	1.03K	-181.55
Diluted EPS Before Extra, 1 Yr. Growth %	-87.72	-164.32	-182.14	323.91	-42.56
Accounts Receivable, 1 Yr. Growth %	16.88	1.55	-40.99	16.94	-61.6
Net Property, Plant and Equip., 1 Yr. Growth %	1.8	30.72	-4.3	-0.43	5.97
Total Assets, 1 Yr. Growth %	12.63	24.37	-0	-11.19	6.87
Tangible Book Value, 1 Yr. Growth %	-29.18	32.84	-19.62	-93.94	-895.92
Common Equity, 1 Yr. Growth %	-29.18	32.84	-19.62	-93.94	-895.92
Cash From Operations, 1 Yr. Growth %	36.61	14.92	-77.68	101.01	10.56
Capital Expenditures, 1 Yr. Growth %	-48.06	139.24	-63.32	39.31	15.27
Levered Free Cash Flow, 1 Yr. Growth %	-139.2	-430.7	-88.02	363.29	-10.64
Unlevered Free Cash Flow, 1 Yr. Growth %	-153.7	-324.83	-108.77	-921.4	-33.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	12.67	55.61	-12.02	-26.52	-13.27
Gross Profit, 2 Yr. CAGR %	22.6	127.37	-23.05	-39.03	-17.81
EBITDA, 2 Yr. CAGR %	176.4	28.78	93.69	-32	2.81
EBITA, 2 Yr. CAGR %	-54.99	199.27	19.46	-55.5	14.58
EBIT, 2 Yr. CAGR %	-54.59	180.67	16.65	-52.67	14.52
Earnings From Cont. Operations, 2 Yr. CAGR %	-84.42	-71.59	-67.19	31.14	97.42
Net Income, 2 Yr. CAGR %	-84.42	-71.59	-67.19	31.14	97.42
Normalized Net Income, 2 Yr. CAGR %	-54.59	24.39	-68.26	36.2	106.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-57.09	-71.9	-27.32	86.6	56.04
Accounts Receivable, 2 Yr. CAGR %	-11.28	8.95	-22.59	-16.93	-32.99
Net Property, Plant and Equip., 2 Yr. CAGR %	-23.81	15.36	11.85	-2.38	2.72
Total Assets, 2 Yr. CAGR %	-18.3	18.35	11.52	-5.76	-2.57
Tangible Book Value, 2 Yr. CAGR %	-55.15	-3.01	3.33	-77.94	-30.57
Common Equity, 2 Yr. CAGR %	-55.15	-3.01	3.33	-77.94	-30.57
Cash From Operations, 2 Yr. CAGR %	62.16	25.29	-49.35	-33.02	49.08
Capital Expenditures, 2 Yr. CAGR %	-57.92	11.48	-6.33	-28.52	26.72
Levered Free Cash Flow, 2 Yr. CAGR %	-75.54	13.86	-37.01	-10.43	77.98
Unlevered Free Cash Flow, 2 Yr. CAGR %	-71.6	9.88	-55.58	-15.1	94.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.97	16.91	14.18	-12.07	-22.67
Gross Profit, 3 Yr. CAGR %	10.16	26.67	31.31	-20.49	-33.37
EBITDA, 3 Yr. CAGR %	-46.43	214.2	15.29	23.37	-0.79
EBITA, 3 Yr. CAGR %	-33.33	-26.5	86.84	-27.06	-1.49
EBIT, 3 Yr. CAGR %	-32.75	-26.9	78.22	-24.86	-1.96
Earnings From Cont. Operations, 3 Yr. CAGR %	-14.91	-74.86	-76.33	4.03	-13.79
Net Income, 3 Yr. CAGR %	-14.91	-74.86	-76.33	4.03	-13.79
Normalized Net Income, 3 Yr. CAGR %	0.17	-49.82	-36.64	4.36	-11.27
Diluted EPS Before Extra, 3 Yr. CAGR %	81.76	-50.89	-59.82	30.83	25.99
Accounts Receivable, 3 Yr. CAGR %	2.7	-7.19	-11.19	-11.18	-35.77
Net Property, Plant and Equip., 3 Yr. CAGR %	-46.33	-8.79	8.39	7.6	0.33
Total Assets, 3 Yr. CAGR %	-42.78	-6.02	11.89	3.37	-1.72
Tangible Book Value, 3 Yr. CAGR %	-62.39	-35.59	-8.9	-59.86	-27.1
Common Equity, 3 Yr. CAGR %	-62.39	-35.59	-8.9	-59.86	-27.1
Cash From Operations, 3 Yr. CAGR %	0.7	44.57	-29.5	-19.81	-20.84
Capital Expenditures, 3 Yr. CAGR %	-61.49	-24.89	-23.04	6.92	-16.18
Levered Free Cash Flow, 3 Yr. CAGR %	-72.08	-41.72	-46.22	38.5	-18.14
Unlevered Free Cash Flow, 3 Yr. CAGR %	-69.62	-43.4	-52.68	17.46	-30.85
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.46	-1.02	-0.52	-2.9	2.29
Gross Profit, 5 Yr. CAGR %	-5.37	1.5	-4.57	-5.45	8.87
EBITDA, 5 Yr. CAGR %	-18.2	-3.76	-10.42	70.35	10.12
EBITA, 5 Yr. CAGR %	-26.61	63.28	-15.81	-39.87	53.64
EBIT, 5 Yr. CAGR %	-26.57	62.87	-16.17	-38.57	49.32
Earnings From Cont. Operations, 5 Yr. CAGR %	-42.92	-48.97	-41.88	-51.32	-44.7
Net Income, 5 Yr. CAGR %	-42.92	-48.97	-41.88	-51.32	-44.7
Normalized Net Income, 5 Yr. CAGR %	-34.72	-22.76	-36.75	-25.19	1.57
Diluted EPS Before Extra, 5 Yr. CAGR %	-16.11	-21.04	25.97	-16.24	-30.86
Accounts Receivable, 5 Yr. CAGR %	-21.93	7.12	-8.28	-11.22	-20.65
Net Property, Plant and Equip., 5 Yr. CAGR %	-23.78	-19.77	-28	-6.28	6.09
Total Assets, 5 Yr. CAGR %	-21.62	-21.65	-25.28	-5.91	5.86
Tangible Book Value, 5 Yr. CAGR %	-10.78	-39.82	-43.65	-58.04	-18.28
Common Equity, 5 Yr. CAGR %	-10.78	-39.82	-43.65	-58.04	-18.28
Cash From Operations, 5 Yr. CAGR %	-24.44	-7.22	-23.51	6.28	-4.88
Capital Expenditures, 5 Yr. CAGR %	-28.85	-38.41	-45.04	-26.37	-6.05
Levered Free Cash Flow, 5 Yr. CAGR %	-18.18	-45.42	-61.34	-30.77	-6.56
Unlevered Free Cash Flow, 5 Yr. CAGR %	-30.08	-46.81	-64.64	-33.44	-16.78