BATTALION OIL CORP
For the period ended Dec 31, 2025. Filed Mar 23, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 23, 2026
BATL$0.70-6.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated statements of cash flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Years Ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net income (loss) | | $11,879 | | $(31,882) | ||
| Adjustments to reconcile net income (loss) to net cash provided by | | | | | | |
| operating activities: | | | | | | |
| Depletion, depreciation and accretion | | | 52,144 | | | 52,926 |
| Asset impairment | | | 1,072 | | | 18,511 |
| Stock-based compensation, net | | | (109) | | | 152 |
| Unrealized gain on derivative contracts | | | (29,433) | | | (11,116) |
| Amortization/accretion of financing related costs | | | 1,569 | | | 6,418 |
| Loss on extinguishment of debt | | | — | | | 7,489 |
| Accrued settlements on derivative contracts | | | (1,833) | | | 403 |
| Change in fair value of embedded derivative liability | | | — | | | (2,084) |
| Other expense | | | 358 | | | 324 |
| Change in assets and liabilities: | | | | | | |
| Accounts receivable | | | 14,459 | | | (2,765) |
| Prepaids and other | | | 91 | | | (75) |
| Accounts payable and accrued liabilities | | | (11,107) | | | (2,946) |
| Net cash provided by operating activities | | | 39,090 | | | 35,355 |
| | | | | | | |
| Cash flows from investing activities: | | | | | | |
| Oil and natural gas capital expenditures | | | (74,556) | | | (64,625) |
| Proceeds received from sales of oil and natural gas assets | | | — | | | 7,015 |
| Acquisition of oil and natural gas properties | | | — | | | (47) |
| Other operating property and equipment capital expenditures | | | (15) | | | (23) |
| Contract asset | | | — | | | (7,737) |
| Other | | | (380) | | | (26) |
| Net cash used in investing activities | | | (74,951) | | | (65,443) |
| | | | | | | |
| Cash flows from financing activities: | | | | | | |
| Proceeds from borrowings | | | 63,000 | | | 162,000 |
| Repayments of borrowings | | | (16,971) | | | (200,109) |
| Payment of deferred financing costs | | | (1,915) | | | (8,400) |
| Proceeds from issuance of preferred stock | | | — | | | 38,781 |
| Other | | | — | | | — |
| Net cash provided by (used in) financing activities | | | 44,114 | | | (7,728) |
| | | | | | | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | | | 8,253 | | | (37,816) |
| | | | | | | |
| Cash, cash equivalents and restricted cash at beginning of period | | | 19,803 | | | 57,619 |
| Cash, cash equivalents and restricted cash at end of period | | $28,056 | | $19,803 | ||
| | | | | | | |
| Supplemental cash flow information: | | | | | | |
| Cash paid for interest | | $27,230 | | $22,317 | ||
| | | | | | | |
| Disclosure of non-cash investing and financing activities: | | | | | | |
| Asset retirement obligations | | $598 | | $707 | ||
| Capital expenditures in accrued liabilities and accounts payable | | | (2,237) | | | (7,526) |
| Deemed dividends on Series A preferred stock | | | 48,706 | | | 32,219 |
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