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Complete financial analysis of Battalion Oil Corporation (BATL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Battalion Oil Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Battalion Oil Corporation (BATL)
About Battalion Oil Corporation
Battalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of December 31, 2021, the company held interests in 40,400 net acres in the Delaware Basin located in the counties of Pecos, Reeves, Ward, and Winkler, Texas. It also had estimated proved reserves of approximately 95.9 million barrels of oil equivalent comprising 58.7 million barrels of crude oil, 16.3 million barrels of natural gas liquids, and 125.0 billion cubic feet of natural gas. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020. Battalion Oil Corporation was founded in 1987 and is headquartered in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 218.51M | 359.06M | 285.21M | 148.29M | 224.69M | 226.61M | 377.97M | 418.06M | 550.28M | 1.15B | 999.51M | 247.95M | 102.61M | 112.33M | 87.08M | 182.69M | 81.88M | 68.02M | 0.00 | 0.00 | 20.02M | 0.00 |
| Cost of Revenue | 120.58M | 106.69M | 92.61M | 107.87M | 170.56M | 111.18M | 193.69M | 316.84M | 488.66M | 680.85M | 609.11M | 144.65M | 39.07M | 39.95M | 42.78M | 38.03M | 21.57M | 18.27M | 324.79K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 97.93M | 252.37M | 192.60M | 40.42M | 54.12M | 115.43M | 184.28M | 101.22M | 61.62M | 467.41M | 390.40M | 103.29M | 63.54M | 72.38M | 44.30M | 144.66M | 60.30M | 49.75M | -324.79K | 0.00 | 20.02M | 0.00 |
| Gross Profit Ratio | 44.82% | 70.29% | 67.53% | 27.26% | 24.09% | 50.94% | 48.75% | 24.21% | 11.20% | 40.71% | 39.06% | 41.66% | 61.92% | 64.43% | 50.88% | 79.18% | 73.65% | 73.14% | 0.00% | 0.00% | 100.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 19.03M | 17.64M | 16.51M | 18.46M | 41.66M | 62.06M | 111.35M | 125.04M | 87.77M | 116.53M | 132.41M | 111.35M | 20.76M | 17.91M | 18.85M | 20.31M | 11.89M | 9.30M | 324.79K | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.56M | 989.00K | 2.31M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 19.03M | 17.64M | 16.51M | 18.46M | 41.66M | 62.06M | 111.35M | 125.04M | 87.77M | 116.53M | 132.41M | 111.35M | 20.76M | 17.91M | 18.85M | 22.87M | 12.88M | 11.61M | 324.79K | 164.39K | 0.00 | 0.00 |
| Other Expenses | 63.58M | 82.60M | 72.71M | 66.07M | 59.81M | 60.09M | 40.78M | -36.82M | 40.28M | 26.72M | 11.75M | 166.31M | 21.35M | 27.23M | 31.65M | 80.11M | 36.70M | 28.19M | 0.00 | 0.00 | 15.41M | 0.00 |
| Operating Expenses | 82.60M | 100.24M | 89.22M | 84.53M | 101.47M | 134.93M | 182.89M | 161.85M | 176.94M | 249.58M | 232.78M | 130.60M | 42.11M | 45.13M | 50.50M | 80.11M | 36.70M | 28.19M | 324.79K | 164.39K | 15.41M | 12.87M |
| Cost & Expenses | 203.18M | 206.93M | 181.83M | 192.40M | 272.04M | 246.11M | 376.58M | 478.69M | 665.59M | 930.44M | 841.88M | 275.26M | 81.18M | 85.09M | 93.27M | 118.14M | 58.27M | 46.46M | 324.79K | 164.39K | 15.41M | 12.87M |
| Interest Income | 0.00 | 23.46M | 8.02M | 6.63M | 38.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00K | 27.00K | 82.00K | 208.00K | 0.00 | 309.00K | 989.34K | 0.00 | 41.00K | 0.00 |
| Interest Expense | 33.32M | 23.59M | 8.02M | 6.63M | 38.88M | 43.02M | 71.10M | 151.11M | 232.88M | 145.69M | 58.20M | 31.22M | 17.37M | 22.66M | 18.59M | 24.18M | 0.00 | 17.05M | 0.00 | 0.00 | 4.91M | 0.00 |
| Depreciation & Amortization | 56.62M | 51.92M | 45.41M | 62.05M | 110.91M | 77.53M | 110.21M | 167.45M | 364.20M | 534.42M | 463.66M | 90.28M | 21.35M | 27.23M | 31.65M | 47.96M | 19.89M | 14.24M | 3.50K | 1.42K | 4.10M | 2.95M |
| EBITDA | 86.90M | 94.05M | 25.11M | -161.02M | -1.11B | 150.65M | 113.88M | 63.23M | -1.32B | 1.27B | -657.52M | 54.44M | 45.76M | 54.82M | -22.51M | -161.31M | 43.50M | 35.80M | 27.44M | 6.51M | 8.71M | -9.93M |
| EBITDA Ratio | 39.77% | 56.83% | 52.17% | 12.10% | 28.29% | 25.61% | 29.52% | 25.55% | 45.23% | 65.51% | 62.16% | 25.40% | 41.69% | 48.51% | 29.33% | 212.14% | 69.00% | 50.14% | 0.00% | 0.00% | 43.49% | 0.00% |
| Operating Income | 17.58M | 152.14M | 103.37M | -44.11M | -47.35M | 92.14M | 715.42M | -60.63M | -2.74B | -58.39M | -1.29B | -29.72M | 23.99M | 25.72M | -55.78M | 64.55M | 23.61M | 21.56M | -324.79K | -164.39K | 4.61M | -2.69M |
| Operating Income Ratio | 8.05% | 42.37% | 36.25% | -29.74% | -21.07% | 40.66% | 189.28% | -14.50% | -498.75% | -5.08% | -129.16% | -11.99% | 23.38% | 22.90% | -64.06% | 35.34% | 28.83% | 31.70% | 0.00% | 0.00% | 23.02% | 0.00% |
| Total Other Income/Expenses | -20.63M | -133.60M | -131.69M | 32.13M | -210.33M | 49.61M | -184.74M | -332.26M | 830.97M | 373.27M | -89.43M | -37.35M | -18.59M | -22.31M | -18.95M | -299.02M | -32.71M | -15.05M | 1.31M | -3.09M | -4.87M | 23.92M |
| Income Before Tax | -3.05M | 18.54M | -28.32M | -229.71M | -1.15B | 141.75M | 530.69M | -471.16M | -1.91B | 314.88M | -1.38B | -67.07M | 5.40M | 3.41M | -74.73M | -234.46M | -9.10M | 6.51M | 664.55K | 143.64K | -263.00K | 21.23M |
| Income Before Tax Ratio | -1.39% | 5.16% | -9.93% | -154.90% | -510.46% | 62.55% | 140.41% | -112.70% | -347.74% | 27.42% | -138.11% | -27.05% | 5.26% | 3.04% | -85.82% | -128.34% | -11.12% | 9.58% | 0.00% | 0.00% | -1.31% | 0.00% |
| Income Tax Expense | 0.00 | 110.01M | 8.02M | 6.63M | -95.79M | 95.79M | -5.00M | -3.92M | 9.09M | -1.08M | -157.72M | -13.18M | 6.80M | 995.00K | -16.35M | -96.39M | -7.85M | 1.47M | 313.55K | 79.12K | 228.00K | -7.98M |
| Net Income | -3.05M | -91.47M | -36.34M | -236.34M | -1.05B | 45.96M | 535.69M | -503.93M | -1.92B | 315.96M | -1.22B | -53.89M | -1.40M | 2.42M | -58.38M | -138.07M | -1.25M | 5.05M | 351.00K | 64.53K | -2.01M | 2.09M |
| Net Income Ratio | -1.39% | -25.47% | -12.74% | -159.38% | -467.83% | 20.28% | 141.73% | -120.54% | -349.39% | 27.52% | -122.33% | -21.73% | -1.37% | 2.15% | -67.05% | -75.58% | -1.53% | 7.42% | 0.00% | 0.00% | -10.02% | 0.00% |
| EPS | -0.92 | -5.60 | -2.23 | -14.59 | -64.87 | 0.29 | 3.67 | -5.42 | -17.88 | 3.40 | -16.10 | -0.34 | -0.02 | 0.09 | -0.75 | -1.95 | -0.03 | 0.21 | 0.05 | 0.01 | -0.06 | 764.94 |
| EPS Diluted | -0.92 | -5.54 | -2.23 | -14.59 | -64.87 | 0.29 | 3.65 | -5.42 | -17.88 | 2.93 | -16.10 | -0.34 | -0.02 | 0.09 | -0.75 | -1.95 | -0.03 | 0.20 | 0.05 | 0.01 | -0.06 | 764.94 |
| Weighted Avg Shares Out | 16.44M | 16.33M | 16.26M | 16.20M | 16.20M | 157.01M | 132.76M | 92.99M | 107.53M | 83.16M | 75.93M | 156.49M | 78.78M | 26.14M | 77.61M | 70.63M | 41.24M | 24.35M | 7.70M | 5.74M | 31.79M | 2.73K |
| Weighted Avg Shares Out (Dil) | 16.44M | 16.51M | 16.26M | 16.20M | 16.20M | 157.30M | 133.58M | 92.99M | 107.53M | 108.48M | 75.93M | 156.49M | 78.78M | 26.14M | 77.61M | 70.63M | 41.24M | 25.66M | 7.70M | 5.74M | 31.79M | 2.73K |
Battalion Oil: Ramping Up Oil Production
Battalion Oil reported that its first five wells from its 2022 development program exceeded expectations for initial production rates. Battalion is attempting to grow oil production so that it has more unhedged barrels.
Battalion: Even With Risks, The New Joint Venture Implies Higher Price
Battalion Oil Corporation develops oil and gas assets in the United States. I believe that most financial advisors only assessed the valuation of future production of oil and gas, and forgot to check the joint venture.
Why Occidental Petroleum, Diamondback Energy, and Battalion Oil Corporation Soared Today
Supply concerns on the international front caused the price of oil to rise.
Battalion Oil: Acid Gas Treatment JV Helps Improve Its Cost Structure
Battalion has entered into a JV agreement with Caracara Services to develop an acid gas treatment and carbon sequestration facility. This is expected to reduce Battalion's gathering and other costs by approximately $3 per BOE starting in early 2023.
Battalion Oil Corporation (BATL) CEO Richard Little on Q1 2022 Results - Earnings Call Transcript
Battalion Oil Corporation (NYSE:BATL ) Q1 2022 Earnings Conference Call May 10, 2021 11:00 AM ET Company Participants Chris Lang - Manager, Finance Richard Little - Chief Executive Officer Daniel Rohling - Chief Operating Officer Kevin Andrews - Chief Financial...
Battalion Oil Corporation Announces First Quarter 2022 Earnings Release and Conference Call Schedule
HOUSTON, TX, May 05, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced plans to release its first quarter 2022 financial results on Monday, May 9, 2022 after trading closes on the New...
Battalion Oil: Hedges Will Hamper Its 2022 Results
Battalion's hedges have approximately negative $220 million in total value at current strip. Due to its hedges and spending on capex to ramp up production later in 2022, it is now projected to burn $43 million in cash during 2022.
Battalion Oil Corporation (BATL) CEO Richard Little on Q4 2021 Results - Earnings Call Transcript
Battalion Oil Corporation (BATL) CEO Richard Little on Q4 2021 Results - Earnings Call Transcript
Battalion Oil Corporation Provides Operational Update, Releases Preliminary 2022 Guidance, and Schedules Fourth Quarter 2021 Conference Call
Houston, Texas, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today provided an operational update, released its preliminary 2022 capital plan and production guidance, and provided details on the timing of its...
Battalion Oil: Aiming For Quick Well Paybacks In Monument Draw
Battalion refinanced its debt, paying off its old credit facility and taking on higher interest rate debt that results in more liquidity. It is investing in Monument Draw production growth.
Source: https://incomestatements.info
Category: Stock Reports