Battalion Oil Corporation (BATL) Stock

Battalion Oil Corporation (BATL) is a Energy stock trading at $1.34 (as of 2026-08-21), with a market capitalization of $76.76M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Battalion Oil Corporation is an independent energy company that acquires, produces, explores, and develops onshore oil and natural gas assets in the United States. It held interests in about 40,400 net acres in the Delaware Basin across counties in Texas and had estimated proved reserves of roughly 95.9 million barrels of oil equivalent as of December 31, 2021.

Understand Battalion Oil Corporation: how it makes money

Battalion Oil acquires, produces, explores, and develops onshore crude oil and natural gas in the United States, making money by selling produced hydrocarbons (with the provided quarter showing crude oil sales revenue).

The companys profit is structurally driven by how much it produces and sells, especially crude oil (shown by oil percentage of production and crude oil sales revenue), relative to operating cost structure (including per barrel G&A).

Revenue by segment (latest quarter)
Crude oil$0.0B
Nat gas$0.0B
NGL$0.0B
Other$0.0B

Business quality (Weak): Upstream focus and clear operating metrics are available, but the latest quarter financial picture is limited by the provided revenue figure and shows a negative operating margin.

Bull case

  • Reserves inventory provides a base for future production: As of December 31, 2021, the company reported estimated proved reserves of approximately 95.9 million barrels of oil equivalent (58.7 million barrels of crude oil, 16.3 million barrels of natural gas liquids, and 125.0 billion cubic feet of natural gas).
  • Oil-heavy production mix can support higher-value barrels when pricing is favorable: Provided operating data for the latest quarter shows oil at 47% of average daily net production.

Bear case

  • Profitability was negative in the latest quarter: For the 2026-03-31 period, the provided operating margin is -5.4%.
  • Revenue diversification appears limited in the provided quarter data: In the segment revenue candidates, natural gas sales revenue and natural gas liquids sales revenue are 0.0, while only crude oil sales revenue is non-zero (0.04B).
Valuation — source: SEC EDGAR (first-party)
Price$1.34
Market Cap$76.76M
EV / EBITDA43.9
Price / Book0.38
Price / Sales0.45
DCF Value (model)$38.22
DCF Upside vs Price2752.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$166.04M
Net Margin7.2%
Revenue Growth (YoY)-14.4%
EPS Growth (YoY)-42.6%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.50 (distress)
Valuation vs Sector & Industry
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderOAKTREE CAPITAL MANAGEMENT LP ($11.74M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOMatthew Steele
Employees38
CountryUS
IPO Date2019-12-24

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

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  • Empire Petroleum Corporation (EP)
  • Evolution Petroleum Corporation (EPM)
  • AleAnna, Inc. (ANNA)
  • Prairie Operating Co. (PROP)
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BATL earnings history · BATL institutional & insider holders · BATL KPIs & operating metrics · BATL financials · BATL investor presentations & press releases · BATL SEC filings · BATL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.