BATTALION OIL CORP

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 13, 2025

BATL$0.70-6.9%Stored close · as of Nov 10, 2026

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Contents

ITEM 1. Condensed Consolidated Financial Statements (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS** (Unaudited)**

(In thousands, except per share amounts)


· · Three Months Ended · · Nine Months Ended
· · September 30, · · September 30,
· · 2025 · · 2024 · · 2025 · · 2024
Operating revenues:
Oil, natural gas and natural gas liquids sales:
Oil	$38,325	$42,545	$114,316	$130,673
Natural gas	853	(2,588)	4,611	(2,660)
Natural gas liquids	4,208	5,145	14,420	15,704
Total oil, natural gas and natural gas liquids sales	43,386	45,102	133,347	143,717
Other	96	164	422	523
Total operating revenues	43,482	45,266	133,769	144,240

Operating expenses:
Production:
Lease operating	12,389	11,602	33,417	34,193
Workover and other	839	1,249	4,581	3,088
Taxes other than income	2,622	2,532	7,944	8,872
Gathering and other	10,199	12,442	33,157	41,854
General and administrative	3,085	3,854	10,065	11,265
Depletion, depreciation and accretion	13,522	12,533	40,541	38,771
Total operating expenses	42,656	44,212	129,705	138,043
Income from operations	826	1,054	4,064	6,197

Other income (expenses):
Net gain on derivative contracts	5,180	26,896	26,030	3,932
Interest expense and other	(6,741)	(6,322)	(20,010)	(19,809)
Total other (expenses) income	(1,561)	20,574	6,020	(15,877)
(Loss) income before income taxes	(735)	21,628	10,084	(9,680)
Income tax benefit (provision)	—	—	—	—
Net (loss) income	$(735)	$21,628	$10,084	$(9,680)
Preferred dividends	(14,279)	(9,321)	(34,369)	(23,539)
Undistributed earnings allocable to preferred stockholders	—	(6,732)	—	—
Net (loss) income available to common stockholders	$(15,014)	$5,575	$(24,285)	$(33,219)

Net (loss) income per share of common stock available to common stockholders:
Basic	$(0.91)	$0.34	$(1.48)	$(2.02)
Diluted	$(0.91)	$0.34	$(1.48)	$(2.02)
Weighted average common shares outstanding:
Basic	16,457	16,457	16,457	16,457
Diluted	16,457	16,523	16,457	16,457

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.