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Companies / Energy / Battalion Oil Corporation
BATL

Battalion Oil Corporation

EnergyOil & Gas Extraction
Ticker BATLHOUSTON, TXFiscal year ends DecemberBook value per share $9.26Diluted shares 21.9M

Battalion Oil Corporation (NYSE American: BATL) is an independent energy company focused on acquiring, producing, exploring for and developing oil and natural gas assets in the United States. Its operations center on liquids-rich acreage in the Delaware Basin of Texas, targeting the Wolfcamp and Bone Spring… From the company’s description.

Over the twelve months to Jun 30, 2026, Battalion Oil Corporation reported revenue of $163.06M, down 12.0% from a year earlier, and a net loss of $39.91M. Its operating margin was −3.2%, and operations generated $27.04M in cash. In fiscal 2025, it reported revenue of $166.04M, down 14.4% from fiscal 2024, and net income of $11.88M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$166.04MFY2025
−14.4% year over year
Last 12 mo $163.06M
-4.00%FY2025
+2.1 percentage points
Last 12 mo -3.21%
$11.88MFY2025
+137.3% year over year
Last 12 mo $-39.91M
-39.49%FY2025
+285 percentage points
Last 12 mo -19.65%
Cash & financing
$39.09MFY2025
+10.6% year over year
Last 12 mo $27.04M
$-35.48MFY2025
−20.9% year over year
Last 12 mo $-2.25M
-6.20FY2025
Was 38.30× a year earlier
Last 12 mo 0.78
16.5MFY2025
No change, year over year
Last 12 mo 21.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Battalion Oil Corporation does

In the company’s own words

Battalion Oil Corporation (NYSE American: BATL) is an independent energy company focused on acquiring, producing, exploring for and developing oil and natural gas assets in the United States. Its operations center on liquids-rich acreage in the Delaware Basin of Texas, targeting the Wolfcamp and Bone Spring formations; the company sells its oil and gas production primarily to independent marketers, major oil and natural gas companies, and pipeline companies. Battalion held working interests in 39,968 net acres and averaged 12,096 barrels of oil equivalent per day of net production in fiscal 2025. At year-end 2025, it reported approximately 59.7 million barrels of oil equivalent in proved reserves. The company operates substantially all of its acreage and has 82 operated producing wells, alongside interests in non-operated wells. In February 2026, it completed the sale of substantially all of its West Quito assets; in March 2026, it acquired 7,090 net acres adjacent to its Monument Draw acreage. Battalion is the successor reporting company to Halcón Resources Corporation. Its website is www.battalionoil.com.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1282648
SIC
1311

Financial performance, year by year

Fiscal 2011–2025 · USD
$-2.23B$-1.31B$-387.18M$534.08M$1.46B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Battalion Oil Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

12
funds hold it
0 of 35
superinvestors hold it
$1.03M
held by funds, at market
1.4%
of shares held by funds

Largest fund holders · Battalion Oil Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.00%of fund net assets
Ultra-Small Company Market Fund
BRSIX · Bridgeway Funds, Inc.
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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