BATTALION OIL CORP

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

About this filing

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.

FY2024 · Filed Mar 31, 2025

BATL$0.75-0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated balance sheets

(In thousands, except share and per share amounts)


	December 31, 2024		December 31, 2023
Current assets:
Cash and cash equivalents		$19,712		$57,529
Accounts receivable, net		26,298		23,021
Assets from derivative contracts		6,969		8,992
Restricted cash		91		90
Prepaids and other		982		907
Total current assets		54,052		90,539
Oil and natural gas properties (full cost method):
Evaluated		816,186		755,482
Unevaluated		49,091		58,909
Gross oil and natural gas properties		865,277		814,391
Less - accumulated depletion		(497,272)		(445,975)
Net oil and natural gas properties		368,005		368,416
Other operating property and equipment:
Other operating property and equipment		4,663		4,640
Less - accumulated depreciation		(2,455)		(1,817)
Net other operating property and equipment		2,208		2,823
Other noncurrent assets:
Assets from derivative contracts		4,052		4,877
Operating lease right of use assets		453		1,027
Other assets		2,278		17,656
Total assets		$431,048		$485,338

Current liabilities:
Accounts payable and accrued liabilities		$52,682		$66,525
Liabilities from derivative contracts		12,330		17,191
Current portion of long-term debt		12,246		50,106
Operating lease liabilities		406		594
Total current liabilities		77,664		134,416
Long-term debt, net		145,535		140,276
Other noncurrent liabilities:
Liabilities from derivative contracts		6,954		16,058
Asset retirement obligations		19,156		17,458
Operating lease liabilities		84		490
Other		—		2,084
Commitments and contingencies (Note 11)
Temporary equity:
Redeemable convertible preferred stock: 138,000 shares and 98,000 shares
of $0.0001 par value authorized, issued and outstanding as of		177,535		106,535
December 31, 2024 and 2023, respectively
Stockholders' equity:
Common stock: 100,000,000 shares of $0.0001 par value authorized;
16,456,563 shares issued and outstanding as of December 31, 2024 and 2023		2		2
Additional paid-in capital		288,993		321,012
Accumulated deficit		(284,875)		(252,993)
Total stockholders' equity		4,120		68,021
Total liabilities and stockholders' equity		$431,048		$485,338

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.