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Battalion Oil Corporation

BATL

Energy · 1.36 +0.7% today

Participation confirmed · construction unavailableMarket checked 10 Sept, 15:55 GMT-4

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.

Company+0.7% todayVolume comparison unavailable
Market group3 of 3 activeAerospace & Industrial Tech · inactive
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Energy · Oil & Gas E&P

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations319
Usable filing statements21
Verified relationships1
Evidence supporting the case
  • 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.
Evidence challenging the case
  • Latest annual revenue changed -14.6% year over year.
Questions before a position
  • 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.
Longer-term price context

Price as of Sep 10, 2026

1.36
6m-75.4%12m+15.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$284.2M+93.6%$-1.74+0.4%
2022-12-31$357.4M+25.8%$1.12+1.5%
2023-12-31$218.5M-38.9%$-0.92-0.4%
2024-12-31$193.2M-11.6%$-3.90+0.1%
2025-12-31$165.0M-14.6%$-2.24+0.0%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitynegative · 1 filings
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
Credit and interest ratespositive · 1 filings
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
Energy and commodity pricesnegative · 1 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

1.36+0.7% today

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.