Here are the 10-K annual reports from Battalion Oil Corporation (BATL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BATL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BATL filings page.
Battalion Oil Corporation files its annual report describing a concentrated Delaware Basin producer facing both operational progress and financial constraints. In 2025 the company averaged 12,096 Boe/d on 4,415 MBoe of production from 82 operated wells across 39,968 net acres in West Texas, with year-end proved reserves of 59.7 MMBoe, including 31.8 MMBbls of oil, 11.6 MMBbls of NGLs and 97.5 Bcf of natural gas.
Battalion closed the West Quito Divestiture in early 2026 for an adjusted $60.1 million, selling assets that represented about 10% of proved reserves and 15% of 2025 production. The company carries $208.1 million of term-loan debt with high variable interest margins and must meet scheduled amortization and covenant tests. It relies heavily on hedging—under its 2024 Amended Term Loan Agreement it is required to hedge roughly 85% of anticipated oil and 50% of natural gas production over the next four years—to manage price volatility. Reserve value is supported by a reported PV‑10 of $351.7 million, though total proved reserves declined by 5.2 MMBoe year over year, reflecting price-driven revisions, production and the mix of development activity.