Battalion Oil (NYSE American: BATL) furnishes Q3 2025 earnings release

Rhea-AI Filing Summary

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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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 13, 2025 

Battalion Oil Corporation

(Exact name of registrant as specified in its charter)

Delaware		001-35467		20-0700684
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

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820 Gessner Road Suite 1100 Houston, Texas		77024
(Address of principal executive offices)		(Zip Code)

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Registrant’s telephone number, including area code: (832) 538-0300

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock par value $0.0001		BATL		NYSE American

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 Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company   ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

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Item 2.02  Results of Operations and Financial Condition.

On November 13, 2025, Battalion Oil Corporation (the “Company”) issued a press release with respect to the Company’s third quarter 2025 financial results. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The press release contains certain measures discussed below that may be deemed “non-GAAP financial measures” as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In each case, the most directly comparable GAAP financial measure and information reconciling the GAAP and non-GAAP measures is also included in the press release.

Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

From time to time management discloses net income (loss) and earnings per share excluding selected items as well as EBITDA, LTM EBITDA, cash flow from operations, general and administrative expenses adjusted for selected items. These measures are presented based on management’s belief that these non-GAAP measures enable a user of the financial information to understand the impact of these items on reported results. Additionally, this presentation provides a beneficial comparison to similarly adjusted measurements of prior periods. These measures are not measures of financial performance under GAAP and should not be considered as an alternative to net income, earnings per share and cash flow from operations, as defined by GAAP. These measures may not be comparable to similarly named non-GAAP measures that other companies may use and may not be useful in comparing the performance of those companies to our performance.

Item 8.01 Other Events.

The press release furnished as Exhibit 99.1 to this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

(d)           Exhibits. The following exhibits are furnished as part of this Current Report on Form 8-K:

Exhibit No.		Description
99.1		Press release issued by Battalion Oil Corporation dated November 13, 2025.
104	​	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BATTALION OIL CORPORATION
November 13, 2025	By:	/s/ Matthew B. Steele
	Name:	Matthew B. Steele
	Title:	Chief Executive Officer

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FAQ

What did Battalion Oil Corporation (BATL) report in this Form 8-K?

Battalion Oil Corporation furnished a press release detailing its third quarter 2025 financial results, which is attached as Exhibit 99.1 to the Form 8-K.

Does Battalion Oil Corporation use non-GAAP financial measures in this BATL filing?

Yes. The company uses non-GAAP 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, with reconciliations to the nearest GAAP measures.

Is the Battalion Oil Corporation Q3 2025 press release considered filed with the SEC?

No. The press release attached as Exhibit 99.1 is designated as furnished, not filed, and is not subject to liability under Section 18 of the Exchange Act unless specifically incorporated by reference in another registration statement.

Where can investors find Battalion Oil Corporation’s Q3 2025 financial details?

The detailed third quarter 2025 financial results and the related GAAP to non-GAAP reconciliations are contained in the press release furnished as Exhibit 99.1 to this Form 8-K.

Why does Battalion Oil Corporation present adjusted net income and EBITDA for BATL?

The company states that presenting net income (loss) and earnings per share excluding selected items, along with EBITDA and related measures, helps users understand the impact of specific items on reported results and compare performance with prior periods.

Are Battalion Oil Corporation’s non-GAAP measures comparable to those of other companies?

Not necessarily. Battalion notes that its non-GAAP financial measures may not be comparable to similarly titled measures used by other companies and should not be viewed as alternatives to GAAP metrics.