Battalion Oil Corp.
Sector: Crude Petroleum & Natural GasIndustry: Oil & Gas Exploration & ProductionCountry: USExchange: NYSE
DilutionScan read 45 of BATTALION OIL CORP's SEC filings and found 1 warrant series, 12 convertibles, 1 ATM program, 2 shelf registrations and 2 completed offerings on file for BATL. The latest dilution event on file is ATM sales on Jul 29, 2026. Analysis updated Oct 7, 2026.
Signal8 Summary
BATL
Shrinking revenue, heavy debt, insider exits
Snapshot
Battalion Oil is a small-cap energy producer facing a strained balance sheet and shrinking top line. FY 2025 revenue fell 14.9% to $165.0M, and the first quarter of 2026 saw another 17.4% drop to $39.1M. While the company reported a headline net income of $11.9M in FY 2025, this was driven by non-cash accounting items; the core operations lost $6.6M, and the first quarter of 2026 posted a massive $64.8M net loss due to derivative write-downs.
What's Happening Right Now
- : Battalion finalized a Joint Development Agreement for an eight-well program in Monument Draw, aiming to accelerate development with shared capital and an accretive carry structure.
- : Major holders registered over 36 million shares for resale, a volume exceeding the current public float, which the company warned could significantly depress the stock price.
- : The company secured a long-term contract to increase sour gas compression capacity by 50%, with new facilities expected online in early Q3 2026 to support higher production.
- : Battalion closed the acquisition of 7,090 net acres in Ward County from Sundown Energy in an all-stock deal, expanding its core Monument Draw position.
