Battalion Oil Corporation (BATL) Financial Statements (2025 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)
| 12/31/2024 | 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 investments | 57,529 | 32,726 | 46,864 | 4,295 | 5,701 | 46,866 | |||
| Cash and cash equivalent | 57,529 | 32,726 | 46,864 | 4,295 | 5,701 | 46,866 | |||
| Receivables | 23,021 | 37,974 | 36,806 | 32,242 | 49,754 | 36,968 | |||
| Prepaid expense | 490 | 715 | 975 | 892 | 2,093 | 3,503 | |||
| Derivative instruments and hedges, assets | 8,992 | 16,244 | 1,383 | 8,559 | 4,995 | 57,280 | |||
| Other current assets | 72 | 75 | 1 | 108 | 36 | 35 | |||
| Other undisclosed current assets | 435 | 431 | 1,885 | 1,740 | 8,574 | ||||
| Total current assets: | 90,539 | 88,165 | 87,914 | 47,836 | 71,153 | 144,652 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,027 | 352 | 721 | 310 | 3,165 | ✕ | |||
| Property, plant and equipment | 2,823 | 3,225 | 2,432 | 2,386 | 3,277 | 121,863 | |||
| Oil and gas, full cost method, property and equipment, after accumulated depletion | 368,416 | 385,410 | 294,415 | 289,605 | 506,144 | 1,802,476 | |||
| Derivative instruments and hedges | 4,877 | 5,379 | 2,515 | 4,009 | 224 | 12,437 | |||
| Other noncurrent assets | 17,656 | 2,827 | 2,270 | 2,351 | 123 | ||||
| Other undisclosed noncurrent assets | 580 | 2,181 | |||||||
| Total noncurrent assets: | 394,799 | 397,193 | 302,353 | 298,661 | 513,513 | 1,938,957 | |||
| TOTAL ASSETS: | 485,338 | 485,358 | 390,267 | 346,497 | 584,666 | 2,083,609 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 66,525 | 100,095 | 62,826 | 58,928 | 97,333 | 157,848 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 42 | 482 | 604 | 16,971 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 3,735 | 3,223 | 2,947 | 3,421 | ||
| Accounts payable | 24,915 | 42,919 | 25,315 | 22,740 | 36,038 | 68,959 | |||
| Accrued liabilities | 869 | 2,501 | 105 | 276 | 218 | ||||
| Other undisclosed accounts payable and accrued liabilities | 40,741 | 54,675 | 33,734 | 32,378 | 57,468 | 68,279 | |||
| Debt | 50,106 | 35,067 | 85 | 1,720 | 923 | ||||
| Derivative instruments and hedges, liabilities | 17,191 | 29,286 | 58,322 | 22,125 | 8,069 | 3,768 | |||
| Asset retirement obligation | 225 | 109 | 126 | ||||||
| Other undisclosed current liabilities | 594 | 352 | 369 | 403 | |||||
| Total current liabilities: | 134,416 | 165,025 | 121,602 | 83,176 | 106,434 | 161,742 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 140,276 | 182,676 | 181,917 | 158,489 | 146,247 | ||||
| Long-term debt, excluding current maturities | 140,276 | 182,676 | 181,565 | 158,489 | 144,000 | ||||
| Liabilities, other than long-term debt | 36,090 | 53,029 | 23,043 | 14,874 | 15,335 | 15,927 | |||
| Asset retirement obligations | 17,458 | 15,244 | 11,896 | 10,583 | 10,481 | 6,788 | |||
| Other liabilities | 2,084 | 4,136 | 4,003 | ||||||
| Operating lease, liability | 490 | 352 | 2,247 | ✕ | |||||
| Derivative instruments and hedges, liabilities | 16,058 | 33,649 | 7,144 | 4,291 | 4,854 | 9,139 | |||
| Total noncurrent liabilities: | 176,366 | 235,705 | 204,960 | 173,363 | 161,582 | 15,927 | |||
| Total liabilities: | 310,782 | 400,730 | 326,562 | 256,539 | 268,016 | 177,669 | |||
| Temporary equity, including noncontrolling interest | 106,535 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 68,021 | 84,628 | 63,705 | 89,958 | 316,650 | 1,197,044 | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 16 | |||
| Additional paid in capital | 321,012 | 334,571 | 332,187 | 330,123 | 327,108 | 1,095,367 | |||
| Retained earnings (accumulated deficit) | (252,993) | (249,945) | (268,484) | (240,167) | (10,460) | 101,661 | |||
| Total equity: | 68,021 | 84,628 | 63,705 | 89,958 | 316,650 | 1,197,044 | |||
| Other undisclosed liabilities and equity | 708,896 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 485,338 | 485,358 | 390,267 | 346,497 | 584,666 | 2,083,609 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 220,762 | 359,064 | 285,205 | 148,289 | 226,609 | |||
| Cost of revenue | (183,362) | (188,765) | (164,840) | (173,355) | (190,959) | |||
| Gross profit: | 37,400 | 170,299 | 120,365 | (25,066) | 35,650 | |||
| Operating expenses | (19,818) | (18,163) | (16,991) | (236,766) | 56,490 | |||
| Operating income (loss): | 17,582 | 152,136 | 103,374 | (261,832) | 92,140 | |||
| Nonoperating income (expense) | (20,630) | (133,597) | (131,691) | 32,125 | 49,610 | |||
| Investment income, nonoperating | 12,689 | (110,006) | (125,619) | 38,759 | 92,625 | |||
| Interest and debt expense | (7,600) | (5,400) | 1,946 | (1,405) | ||||
| 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 taxes | 7,600 | 5,400 | (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)
| 12/31/2024 | 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.