Battalion Oil Corporation (BATL) Financial Statements (2024 and earlier)

Company Profile

Business Address 820 GESSNER ROAD
HOUSTON, TX 77024
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57,52932,72646,8644,2955,70146,866
Cash and cash equivalents57,52932,72646,8644,2955,70146,866
Receivables23,02137,97436,80632,24249,75436,968
Prepaid expense4907159758922,0933,503
Derivative instruments and hedges, assets8,99216,2441,3838,5594,99557,280
Other current assets727511083635
Other undisclosed current assets4354311,8851,7408,574 
Total current assets:90,53988,16587,91447,83671,153144,652
Noncurrent Assets
Operating lease, right-of-use asset1,0273527213103,165
Property, plant and equipment2,8233,2252,4322,3863,277121,863
Oil and gas, full cost method, property and equipment, after accumulated depletion368,416385,410294,415289,605506,1441,802,476
Derivative instruments and hedges4,8775,3792,5154,00922412,437
Other noncurrent assets17,6562,8272,2702,351123 
Other undisclosed noncurrent assets     5802,181
Total noncurrent assets:394,799397,193302,353298,661513,5131,938,957
TOTAL ASSETS:485,338485,358390,267346,497584,6662,083,609
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:66,525100,09562,82658,92897,333157,848
Interest and dividends payable4248260416,971
Employee-related liabilities3,7353,2232,9473,421
Accounts payable24,91542,91925,31522,74036,03868,959
Accrued liabilities8692,501 105276218
Other undisclosed accounts payable and accrued liabilities40,74154,67533,73432,37857,46868,279
Debt50,10635,067851,720923 
Derivative instruments and hedges, liabilities17,19129,28658,32222,1258,0693,768
Asset retirement obligation  225  109126
Other undisclosed current liabilities594352369403  
Total current liabilities:134,416165,025121,60283,176106,434161,742
Noncurrent Liabilities
Long-term debt and lease obligation140,276182,676181,917158,489146,247 
Long-term debt, excluding current maturities140,276182,676181,565158,489144,000 
Liabilities, other than long-term debt36,09053,02923,04314,87415,33515,927
Asset retirement obligations17,45815,24411,89610,58310,4816,788
Other liabilities2,0844,1364,003   
Operating lease, liability490 352 2,247
Derivative instruments and hedges, liabilities16,05833,6497,1444,2914,8549,139
Total noncurrent liabilities:176,366235,705204,960173,363161,58215,927
Total liabilities:310,782400,730326,562256,539268,016177,669
Temporary equity, carrying amount106,535     
Equity
Equity, attributable to parent68,02184,62863,70589,958316,6501,197,044
Common stock2222216
Additional paid in capital321,012334,571332,187330,123327,1081,095,367
Retained earnings (accumulated deficit)(252,993)(249,945)(268,484)(240,167)(10,460)101,661
Total equity:68,02184,62863,70589,958316,6501,197,044
Other undisclosed liabilities and equity      708,896
TOTAL LIABILITIES AND EQUITY:485,338485,358390,267346,497584,6662,083,609

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues220,762359,064285,205148,289 226,609
Cost of revenue(183,362)(188,765)(164,840)(173,355) (190,959)
Gross profit:37,400170,299120,365(25,066) 35,650
Operating expenses(19,818)(18,163)(16,991)(236,766) 56,490
Operating income (loss):17,582152,136103,374(261,832) 92,140
Nonoperating income (expense)(20,630)(133,597)(131,691)32,125 49,610
Investment income, nonoperating12,689(110,006)(125,619)38,759 92,625
Interest and debt expense (7,600)(5,400)1,946  (1,405)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(10,648)13,139(26,371)(229,707) 140,345
Other undisclosed income (loss) from continuing operations before income taxes7,6005,400(1,946)  1,405
Income (loss) from continuing operations before income taxes:(3,048)18,539(28,317)(229,707) 141,750
Income tax expense      (95,800)
Income (loss) from continuing operations:(3,048)18,539(28,317)(229,707) 45,950
Income (loss) before gain (loss) on sale of properties:(28,317)(229,707) 45,950
Net income (loss):(3,048)18,539(28,317)(229,707) 45,950
Other undisclosed net income attributable to parent      9
Net income (loss) attributable to parent:(3,048)18,539(28,317)(229,707) 45,959
Preferred stock dividends and other adjustments(12,047)     
Net income (loss) available to common stockholders, diluted:(15,095)18,539(28,317)(229,707) 45,959

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(3,048)18,539(28,317)(229,707) 45,950
Comprehensive income (loss), net of tax, attributable to parent:(3,048)18,539(28,317)(229,707) 45,950

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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