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Battalion Oil Corp SEC Filings

BATL NYSE

Welcome to our dedicated page for Battalion Oil SEC filings (Ticker: BATL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Battalion Oil Corporation (BATL) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. These documents include Current Reports on Form 8-K, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and related exhibits that describe Battalion’s onshore oil and natural gas operations, financial condition, capital structure and material events.

Recent 8-K filings illustrate how Battalion uses SEC reports to document significant developments. For example, a Form 8-K dated December 19, 2025 describes an Agreement of Sale and Purchase under which certain subsidiaries agreed to sell substantially all of the company’s oil and natural gas properties and related assets in its West Quito Draw area in the Southern Delaware Basin in Ward County, Texas to MCM Delaware Resources, LLC, subject to customary closing conditions and purchase price adjustments. Other 8-Ks furnish press releases containing quarterly financial results and non-GAAP reconciliations, and discuss matters such as term loan amendments and covenant relief under the company’s senior secured credit agreement.

An 8-K filed on August 25, 2025 addresses NYSE American’s acceptance of Battalion’s plan of compliance after the company was notified of noncompliance with stockholders’ equity listing standards. That filing explains the compliance period through November 30, 2026 and notes that BATL common stock continues to trade on NYSE American under an exception, subject to other listing requirements. Additional filings provide details on the company’s use of preferred equity, term loan refinancing in 2024, and the termination of the Merger Agreement with Fury Resources, Inc.

On Stock Titan, these filings can be viewed alongside AI-powered summaries that highlight key sections such as descriptions of material definitive agreements, notices of delisting or noncompliance, and discussions of results of operations and financial condition. Users can quickly locate references to items like asset divestitures, debt covenants, stock exchange notifications and other events disclosed under Items 1.01, 2.02, 3.01 and 8.01 of Form 8-K, and then consult the full text of Battalion’s 10-K and 10-Q reports for more comprehensive financial and risk factor information.

Rhea-AI Summary

Battalion Oil Corporation has closed its previously announced all-stock acquisition of oil and gas assets from RoadRunner Resource Holding LLC (formerly Sundown Energy LP) in Ward County, Texas. Battalion issued 485,000 shares of common stock to Sundown for approximately 7,090 net acres, subject to customary closing adjustments.

The acquired acreage directly adjoins Battalion’s existing Monument Draw position of 20,007 acres, creating a combined Monument Draw position of 27,097 acres and expanding its continuous operational footprint. Management highlights prior joint venture drilling on this acreage and identifies about 35 new development locations, noting confidence in subsurface quality and the ability to develop efficiently with its sour gas treating solution now in place.

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Battalion Oil Corporation agreed to acquire approximately 7,090 net acres of oil and gas assets in Ward County, Texas from RoadRunner Resource Holding LLC (formerly Sundown Energy LP). The effective date is March 1, 2026, with closing expected on or before March 24, 2026.

As consideration, Battalion will issue 485,000 shares of common stock to Sundown. These shares will be issued in a private transaction relying on Section 4(a)(2) of the Securities Act, will be “restricted securities” under Rule 144, and will be subject to transfer limits, including a 60‑day lock‑up. The deal is subject to customary closing conditions and approvals, including approval by Battalion’s disinterested directors.

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Battalion Oil Corporation entered into a private placement with an institutional investor to raise approximately $15 million through equity and prefunded warrants. The company sold 1,800,000 common shares at $5.50 per share and issued prefunded warrants to purchase up to 927,273 shares at $5.4999 per prefunded warrant share, with an exercise price of $0.0001 per share. The deal closed on March 4, 2026, and after fees, Battalion expects net proceeds of about $14.1 million, earmarked for working capital and general corporate purposes. The prefunded warrants are immediately exercisable, expire on March 4, 2033, and include a 9.99% beneficial ownership cap. Battalion agreed to file a resale registration statement for the shares and warrant shares and to observe short-term restrictions on additional equity issuance and variable-rate financings. The company also highlighted an operational improvement, noting an increase of about 1,200 net barrels of oil per day in average oil production in January compared with December.

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Battalion Oil Corporation completed the sale of its West Quito oil and gas assets in Ward County, Texas to MCM Delaware Resources, LLC for an adjusted cash purchase price of approximately $60.1 million, with an effective date of December 1, 2025.

Estimated proved reserves tied to these properties were about 8 MMBoe, representing 12.4% of Battalion’s estimated proved reserves as of year-end 2024. A portion of the net cash proceeds will fund a mandatory prepayment of $40,000,000 on outstanding loans under the company’s senior secured credit facility.

Under a Third Amendment to its credit agreement, lenders consented to the West Quito sale and required this $40 million prepayment, while allowing the borrower to retain remaining net proceeds for reinvestment, development and capital spending in its operated asset base, as well as general corporate purposes and liquidity management.

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Diveroli Investment Group LLC and Kingbird Ventures LLC filed an amended Schedule 13D stating they no longer beneficially own any shares of Battalion Oil Corp Class A common stock.

The amendment notes that the reporting persons previously acquired 887,455 shares, representing 5.39% of the company as of January 23, 2026, through open-market purchases. They have since disposed of all of these securities and now report 0 shares and 0.00% beneficial ownership, based on 16,456,563 shares outstanding as of September 30, 2025. They also state they no longer have any plans or proposals relating to Battalion Oil.

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Diveroli Investment Group LLC and Kingbird Ventures LLC have disclosed a significant stake in Battalion Oil Corp on a Schedule 13D. The reporting persons beneficially own 887,455 shares of Class A common stock, representing 5.39% of the outstanding shares, based on 16,456,563 shares outstanding as of September 30, 2025.

The shares are held in the name of Kingbird Ventures LLC, with Diveroli Investment Group LLC acting as its authorized representative. The investors acquired the stake using their investment funds through open market purchases from July 1, 2025 to January 21, 2026 for an aggregate consideration of $1,047,196.90 at an average price of $1.18 per share, including brokerage fees. They state that they may buy more or sell shares over time depending on Battalion Oil’s performance, market conditions, and other opportunities, but at this time have not adopted specific plans for corporate transactions such as mergers, asset sales, or board changes.

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Battalion Oil Corporation reported operational updates after shifting how it processes natural gas from its Monument Draw Field. The company terminated its Gas Treating Agreement with Wink Amine Treater, LLC after that provider’s acid gas injection facility remained offline since on or about August 11, 2025, and used its contractual right to end the agreement due to the continued service interruption.

Following this, Battalion entered into an agreement with a publicly traded large‑cap midstream provider to process its gas at an alternative facility. A facility expansion completed in the fourth quarter of 2025 now allows this provider to handle substantially all of Battalion’s gas volumes from Monument Draw. As expanded capacity came online, gas volumes processed increased to more than 30 MMcf/d, compared with a December average of about 17.4 MMcf/d, and the company’s average oil production rose by roughly 1,200 net barrels of oil per day month‑to‑date in January 2026 versus its December average, improving flow assurance and operational reliability.

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Battalion Oil Corporation has agreed to sell substantially all of its oil and natural gas properties in the West Quito Draw area of the Southern Delaware Basin in Ward County, Texas to MCM Delaware Resources for approximately $62.59 million. The sale covers about 6,207 net acres with proved reserves of roughly 8 MMBoe, which represented about 12.4% of Battalion’s 2024 year-end proved reserves. Battalion plans to use the net proceeds to repay amounts outstanding under its Senior Secured Credit Agreement and for general corporate purposes, including potential acquisitions and planned drilling. The deal is effective as of December 1, 2025 and is expected to close in the first quarter of 2026, subject to customary closing conditions and purchase price adjustments; MCM has placed a deposit of about $6.26 million into escrow.

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Battalion Oil Corporation filed its Q3 2025 10‑Q, showing mixed results and liquidity pressure. Q3 operating revenues were $43.5 million, with a net loss of $0.7 million, while a net gain on derivative contracts of $5.2 million offset part of $6.7 million in interest expense. For the nine months, net income was $10.1 million and operating cash flow reached $50.9 million.

Cash and cash equivalents were $50.5 million, and total debt (face value) was $213.8 million, with long‑term debt, net, of $186.2 million. Borrowings under the 2024 Amended Term Loan carried a weighted average interest rate of 12.19% in Q3. The company reported negative working capital of $3.9 million and noted it is at risk of potential non‑compliance with debt covenants over the next 12 months, citing a support letter to purchase up to $30.0 million of preferred equity on or before August 31, 2026.

Preferred stock PIK dividends were $14.3 million in Q3 and $34.4 million year‑to‑date, with the preferred balance at $211.9 million. The August 11, 2025 cessation of operations at the Wink Amine Treater facility increased processing costs and reduced production and revenue. Shares outstanding were 16,456,563 as of November 6, 2025.

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Battalion Oil Corporation furnished an update on its recent performance by issuing a press release covering its third quarter 2025 financial results. The company submitted this information through a Current Report on Form 8-K and attached the full press release as Exhibit 99.1.

The press release includes several non-GAAP financial measures, such as net income and earnings per share excluding selected items, EBITDA, LTM EBITDA, cash flow from operations, and adjusted general and administrative expenses. For each non-GAAP measure, the company provides the most directly comparable GAAP figure and a reconciliation, helping readers see how the adjustments affect reported results. Battalion notes that these non-GAAP metrics are intended to give users additional perspective on its performance over time but are not a substitute for GAAP results.

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FAQ

What is the current stock price of Battalion Oil (BATL)?

The current stock price of Battalion Oil (BATL) is $13.01 as of March 19, 2026.

What is the market cap of Battalion Oil (BATL)?

The market cap of Battalion Oil (BATL) is approximately 217.8M.

BATL Rankings

BATL Stock Data

217.80M
16.39M
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States
HOUSTON

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