Every 10-Q that Battalion Oil Corporation (BATL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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 reported stronger quarterly results while posting a year-to-date loss. For the three months ended June 30, 2026, total operating revenues were $48.1 million, up from $42.8 million a year earlier, and net income was $15.5 million versus $4.8 million, driven partly by a $13.1 million net gain on derivative contracts. Net income available to common stockholders was $9.1 million, or $0.34 per diluted share, compared with a loss of $0.21 per share in 2025.
For the first six months of 2026, revenues were $87.3 million versus $90.3 million, and Battalion recorded a net loss of $41.0 million, mainly due to a $34.9 million net derivative loss. Liquidity improved as cash and cash equivalents rose to $83.1 million and term loan face value declined to $162.5 million, aided by $60.1 million of West Quito asset sale proceeds, equity raises under a new $150 million ATM program, and preferred stock reclassification and conversion. A new 2026 term loan agreement extended maturity to December 31, 2029 and reduced the interest margin, while a joint exploration and development agreement in Monument Draw and the Sundown acreage acquisition expanded the development portfolio.
Battalion Oil Corporation reported first-quarter 2026 total operating revenues of $39.2 million, down from $47.5 million a year earlier, as oil, gas and NGL sales declined. The company posted a net loss of $56.5 million versus net income of $6.0 million in 2025.
The loss was driven mainly by a $48.0 million net loss on derivative contracts and a $0.9 million loss on extinguishment of debt, while operating income turned to a small loss. After $8.3 million in preferred dividends, net loss available to common stockholders was $64.8 million, or $3.72 per share.
Despite the loss, cash from operating activities was positive at $2.1 million. Investing activities provided $56.4 million, largely from the $60.1 million sale of West Quito assets, while financing used $32.3 million, mainly term-loan repayments. Term-loan face value fell to $162.5 million, and cash and cash equivalents rose to $46.4 million, with restricted cash of $8.0 million.
Equity strengthened: stockholders’ equity shifted to a positive $157.1 million from a deficit, reflecting reclassification of $234.6 million of redeemable convertible preferred stock to permanent equity, conversion of some preferred shares into 1.8 million common shares, a $15.0 million private placement, and 485,000 shares issued for the Sundown acquisition. Shares outstanding reached 22.0 million in early May 2026, and an at-the-market program for up to $150.0 million of common stock was established after quarter-end.
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.