Battalion Oil Corporation (BATL) income statement
AMEX · Energy · Oil & Gas Exploration & Production · 40 employees · CEO Matthew Steele
- Price
- $0.96 +7.58%
- Market cap
- $21.1M
- Enterprise value
- $97M
- Last report
- Q2 '26 filed 2026-08-12
- Next report
- 2026-11-18 EPS est. -$0.21
Battalion Oil Corporation (BATL) reported revenue of $48.1M for Q2 '26 (+12.4% year on year), operating income of $6.78M (14.1% of revenue) and net income of $15.5M. Over the last four quarters revenue was $163M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.1M | $47.2M | $49.9M | $49.1M | $45.3M | $49.7M | $47.5M | $42.8M | $43.4M | $32.3M | $39.1M | $48.1M | |
| Cost of revenue | $25.3M | $27.9M | $25.5M | $25.2M | $25.4M | $38.6M | $24.9M | $26.9M | $12.4M | $34.7M | $10.1M | $25.1M | |
| Gross profit | $28.8M | $19.4M | $24.4M | $23.9M | $19.9M | $11.1M | $22.6M | $15.9M | $31M | -$2.43M | $29M | $23.1M | |
| General & administrative | $3.19M | $5.45M | $4.07M | $3.34M | $3.85M | $7.09M | $4.41M | $2.57M | $3.09M | $4.56M | $4.26M | $4.07M | |
| Other operating expenses | $18.8M | $14.6M | $20.3M | $15.5M | $15M | $21.9M | $14.8M | $13.5M | $27.1M | $2.64M | $27M | $12.2M | |
| Operating expenses | $22M | $20.1M | $24.3M | $18.8M | $18.8M | $29M | $19.2M | $16M | $30.2M | $7.2M | $31.2M | $16.3M | |
| Operating income | $6.82M | -$668K | $23K | $5.12M | $1.05M | -$17.9M | $3.39M | -$153K | $826K | -$9.63M | -$2.25M | $6.78M | |
| Interest expense | $6.93M | $9.07M | $7.04M | $6.45M | $6.32M | $0 | $6.67M | $6.6M | $6.74M | $6.74M | -$5.52M | $4.32M | |
| Other non-operating income (gains on investments, FX ...) | $53.7M | -$42.4M | $24.2M | -$1.22M | -$26.9M | $9.11M | -$9.3M | -$11.5M | -$5.18M | -$18.2M | $59.7M | -$13.1M | |
| Total non-operating income | -$60.6M | $33.4M | -$31.2M | -$5.23M | $20.6M | -$4.26M | $2.63M | $4.95M | -$1.56M | $11.4M | -$54.2M | $8.73M | |
| Income before tax | -$53.8M | $32.7M | -$31.2M | -$105K | $21.6M | -$22.2M | $6.02M | $4.8M | -$735K | $1.8M | -$56.5M | $15.5M | |
| Net income | -$53.8M | $32.7M | -$31.2M | -$105K | $21.6M | -$22.2M | $6.02M | $4.8M | -$735K | $1.8M | -$56.5M | $15.5M | |
| EPS (basic) | -$3.50 | $1.64 | -$2.24 | -$0.53 | $0.34 | -$1.88 | -$0.35 | -$0.21 | -$0.91 | -$0.76 | -$3.72 | $0.34 | |
| EPS (diluted) | -$3.50 | $1.63 | -$2.24 | -$0.53 | $0.34 | -$1.88 | -$0.35 | -$0.21 | -$0.91 | -$0.76 | -$3.72 | $0.34 | |
| Shares (basic, weighted) | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 17.4M | 26.4M | |
| Shares (diluted, weighted) | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M | 17.4M | 45.2M | |
| Depreciation & amortization | $12.9M | $12.3M | $13M | $13.4M | $11.8M | $14.9M | $13.1M | $14.2M | $13.5M | $12.4M | $12.4M | $12.2M | |
| EBITDA | -$34M | $54.1M | -$11.1M | $19.8M | $39.8M | -$12.2M | $25.8M | $25.6M | $19.5M | $21M | -$49.6M | $32.1M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $418M | $378M | $227M | $225M | $148M | $285M | $359M | $221M | $194M | $165M | |
| Cost of revenue | $317M | $194M | $111M | $171M | $108M | $105M | $125M | $121M | $115M | $147M | |
| Gross profit | $101M | $184M | $115M | $54.1M | $40.4M | $180M | $234M | $100M | $79.2M | $17.8M | |
| General & administrative | $125M | $111M | $62.1M | $41.7M | $18.5M | $16.5M | $17.6M | $19M | $18.4M | $14.6M | |
| Other operating expenses | $36.8M | $40.8M | $72.4M | $1.06B | $284M | $60.4M | $64.1M | $63.6M | $72.6M | $9.84M | |
| Operating expenses | $162M | $183M | $135M | $1.11B | $302M | $76.9M | $81.8M | $82.6M | $91M | $24.5M | |
| Operating income | -$60.6M | $715M | $92.1M | -$1.05B | -$262M | $103M | $152M | $17.6M | -$11.7M | -$6.64M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.12M | $2.26M | |
| Interest expense | $151M | $71.1M | $43M | $38.9M | $6.63M | $8.02M | $23.6M | $33.3M | $29M | $28.8M | |
| Other non-operating income (gains on investments, FX ...) | -$34.7M | $712M | -$92.6M | $56.1M | -$38.8M | $124M | $110M | -$12.7M | $5.18M | -$47.4M | |
| Total non-operating income | -$332M | -$185M | $49.6M | -$95M | $32.1M | -$132M | -$134M | -$20.6M | -$20.1M | $18.5M | |
| Income before tax | -$471M | $531M | $142M | -$1.15B | -$230M | -$28.3M | $18.5M | -$3.05M | -$31.9M | $11.9M | |
| Income tax | -$3.92M | -$5M | $95.8M | -$95.8M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net income | -$467M | $536M | $46M | -$1.05B | -$230M | -$28.3M | $18.5M | -$3.05M | -$31.9M | $11.9M | |
| EPS (basic) | -$54.20 | $36.70 | $2.90 | -$85.30 | -$14.18 | -$1.74 | $1.14 | -$0.92 | -$3.90 | -$2.24 | |
| EPS (diluted) | -$54.20 | $36.50 | $2.90 | -$85.30 | -$14.18 | -$1.74 | $1.12 | -$0.92 | -$3.90 | -$2.24 | |
| Shares (basic, weighted) | 9.3M | 13.3M | 15.7M | 12.3M | 16.2M | 16.3M | 16.3M | 16.4M | 16.5M | 16.5M | |
| Shares (diluted, weighted) | 9.3M | 13.4M | 15.7M | 12.3M | 16.2M | 16.3M | 16.5M | 16.4M | 16.5M | 16.5M | |
| Depreciation & amortization | $167M | $110M | $77.5M | $111M | $62.1M | $45.4M | $51.9M | $56.6M | $52.9M | $52.1M | |
| EBITDA | $63.2M | $712M | $262M | -$997M | -$161M | $25.1M | $94M | $86.9M | $36M | $92.9M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02