“During 2025, approximately $61.7 million in capital expenditures went toward the development of proved undeveloped reserves, which includes drilling, completion and other facility costs.”10-K · Mar 23, 2026 ↗
Battalion Oil Corporation
BATL
Market read
Battalion Oil Corporation's move is being confirmed by its market group.
No new filing conclusion is available. 3 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- At least 2 of 3 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as AVEX begins moving with the group.
Invalidation: The live read weakens if participation falls to 1 of 3 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 3 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 2 of 3 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as AVEX begins moving with the group.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating margin changed +2.1 percentage points in the latest annual period.
- Net margin changed +23.7 percentage points in the latest annual period.
- Operating cash flow covered net income at 3.29x in the latest annual period.
- Latest annual revenue changed -14.6% year over year.
- P/E is 89% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 67% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
1.36Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Interest expense and other was higher for the year ended December 31, 2025 compared to the year ended December 31, 2024 primarily due to interest expense and other including the receipt of a $10.0 million payment during 2024 for the merger termination.”10-K · Mar 23, 2026 ↗
“As revenues or volumes from oil and natural gas sales increase or decrease, production taxes on these sales also increase or decrease, as such, taxes other than income decreased due to the decrease in production volumes and revenues.”10-K · Mar 23, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.1× · EV/sales 1.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for BATL. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for BATL. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind BATL
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
SUNSunoco LPdistributorMar 23, 2026 ▾
“In 2025 and 2024, two individual purchasers of the Company’s production, Western Refining Company L.P.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
BATL is currently a Participant in the organic co-movement group Aerospace & Industrial Tech. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.