Battalion Oil Corp - Understand $batl stock

$BATL Market Cap: $54.8 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$191.5M

TTM

Gross Margin

44.11%

TTM

Net Earnings

$17.31M

TTM

Current Assets

$57.57M

Q3 2024

Current Liabilities

$122.0M

Q3 2024

Current Ratio

47.17%

Q3 2024

Total Assets

$458.0M

Q3 2024

Total Liabilities

$225.5M

Q3 2024

Book Value

$232.5M

Q3 2024

Cash

$29.83M

Q3 2024

P/E

3.165

Nov 29, 2024 EST

Free Cash Flow

-$26.21M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$220.8M	$359.1M	$285.2M	$148.3M	$224.7M	$226.6M	$378.0M	$420.2M	$550.3M	$1.148B	$999.5M	$247.9M	$103.7M	$111.1M	$87.10M	$205.9M	$69.60M	$70.20M	$55.40M	$29.70M
YoY Change	-38.52%	25.9%	92.33%	-34.0%	-0.85%	-40.04%	-10.05%	-23.64%	-52.08%	14.89%	303.12%	139.12%	-6.7%	27.6%	-57.7%	195.83%	-0.85%	26.71%	86.53%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$220.8M	$359.1M	$285.2M	$148.3M	$224.7M	$226.6M	$378.0M	$420.2M	$550.3M	$1.148B	$999.5M	$247.9M	$103.7M	$111.1M	$87.10M	$205.9M	$69.60M	$70.20M	$55.40M	$29.70M
Cost Of Revenue	$115.6M	$54.78M	$47.20M	$45.82M	$59.66M	$33.65M	$83.48M	$105.4M	$124.5M	$146.4M	$145.5M	$54.30M	$32.00M	$31.70M	$42.80M	$48.50M	$26.40M	$21.60M	$19.40M	$4.900M
Gross Profit	$105.2M	$304.3M	$238.0M	$102.5M	$165.0M	$193.0M	$294.5M	$314.8M	$425.8M	$1.002B	$854.1M	$194.0M	$71.70M	$79.40M	$44.30M	$157.4M	$43.20M	$48.60M	$36.00M	$24.80M
Gross Profit Margin	47.64%	84.74%	83.45%	69.1%	73.45%	85.15%	77.91%	74.91%	77.38%	87.24%	85.45%	78.24%	69.15%	71.44%	50.86%	76.44%	62.07%	69.23%	64.98%	83.5%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$30.97M	$36.12M	$28.83M	$28.51M	$54.60M	$74.84M	$142.1M	$161.9M	$136.7M	$222.9M	$221.0M	$130.6M	$27.80M	$26.10M	$18.80M	$22.90M	$12.90M	$11.60M	$8.600M	$6.600M
YoY Change	-14.26%	25.3%	1.1%	-47.78%	-27.04%	-47.33%	-12.2%	18.44%	-38.69%	0.86%	69.22%	369.78%	6.51%	38.83%	-17.9%	77.52%	11.21%	34.88%	30.3%
% of Gross Profit	29.44%	11.87%	12.11%	27.82%	33.09%	38.79%	48.26%	51.42%	32.09%	22.25%	25.88%	67.32%	38.77%	32.87%	42.44%	14.55%	29.86%	23.87%	23.89%	26.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$56.62M	$51.92M	$45.41M	$62.05M	$110.9M	$77.53M	$110.2M	$167.5M	$364.2M	$534.4M	$463.7M	$90.30M	$23.00M	$28.80M	$31.70M	$46.50M	$18.90M	$13.30M	$13.00M	$3.300M
YoY Change	9.07%	14.33%	-26.82%	-44.05%	43.06%	-29.65%	-34.19%	-54.02%	-31.85%	15.25%	413.51%	292.61%	-20.14%	-9.15%	-31.83%	146.03%	42.11%	2.31%	293.94%
% of Gross Profit	53.84%	17.06%	19.08%	60.55%	67.21%	40.18%	37.42%	53.2%	85.53%	53.34%	54.29%	46.55%	32.08%	36.27%	71.56%	29.54%	43.75%	27.37%	36.11%	13.31%
Operating Expenses	$87.59M	$152.2M	$134.6M	$146.6M	$212.4M	$212.5M	$293.1M	$401.3M	$541.1M	$819.5M	$763.9M	$221.3M	$50.80M	$54.90M	$52.50M	$71.60M	$32.60M	$25.40M	$22.10M	$9.900M
YoY Change	-42.43%	13.01%	-8.15%	-30.98%	-0.04%	-27.51%	-26.97%	-25.84%	-33.97%	7.28%	245.19%	335.63%	-7.47%	4.57%	-26.68%	119.63%	28.35%	14.93%	123.23%
Operating Profit	$17.58M	$152.1M	$103.4M	-$261.8M	-$47.35M	-$19.50M	$1.385M	-$86.54M	-$115.3M	$182.3M	-$1.291B	-$29.72M	$19.80M	$24.53M	-$8.200M	$85.80M	$10.60M	$23.20M	$13.90M	$14.90M
YoY Change	-88.44%	47.17%	-139.48%	452.95%	142.83%	-1507.94%	-101.6%	-24.95%	-163.26%	-114.12%	4244.14%	-250.09%	-19.27%	-399.1%	-109.56%	709.43%	-54.31%	66.91%	-6.71%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	-$20.63M	-$133.6M	-$133.6M	$32.13M	-$89.91M	$49.61M	-$69.81M	-$196.8M	$77.39M	$373.3M	-$89.40M	-$37.30M	-$14.40M	-$21.10M	-$18.50M	-$24.00M	-$19.70M	-$16.70M	-$12.50M	-$5.000M
YoY Change	-84.56%	-0.03%	-515.99%	-135.73%	-281.22%	-171.07%	-64.54%	-354.37%	-79.27%	-517.56%	139.68%	159.03%	-31.75%	14.05%	-22.92%	21.83%	17.96%	33.6%	150.0%
% of Operating Profit	-117.34%	-87.81%	-129.28%				-5040.14%			204.77%			-72.73%	-86.03%		-27.97%	-185.85%	-71.98%	-89.93%	-33.56%
Other Income/Expense, Net	-$20.63M	-$133.6M	-$131.7M	$32.13M							-$89.43M	-$37.35M	-$14.40M	-$21.11M	-$400.0K	-$13.50M	-$100.0K	$0.00	$0.00
YoY Change	-84.56%	1.45%	-509.93%								139.45%	159.37%	-31.8%	5178.5%	-97.04%	13400.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	-$3.048M	$18.54M	-$28.32M	-$229.7M	-$1.262B	$141.8M	$530.7M	-$471.2M	-$1.914B	$314.9M	-$1.380B	-$67.07M	$5.399M	$3.412M	-$74.70M	-$221.6M	-$9.100M	$6.500M	$1.300M	$9.800M
YoY Change	-116.44%	-165.47%	-87.67%	-81.8%	-990.51%	-73.29%	-212.63%	-75.38%	-707.66%	-122.81%	1958.24%	-1342.19%	58.24%	-104.57%	-66.29%	2335.16%	-240.0%	400.0%	-86.73%
Income Tax	$0.00	$0.00	$0.00	$0.00	-$95.79M	$95.79M	-$285.9M	-$3.922M	$9.086M	-$1.100M	-$157.7M	-$13.18M	$6.802M	$995.0K	-$16.30M	-$91.70M	-$7.900M	$1.500M	$800.0K	$3.700M
% Of Pretax Income		0.0%				67.58%	-53.87%			-0.35%			125.99%	29.16%				23.08%	61.54%	37.76%
Net Earnings	-$15.10M	$18.54M	-$28.32M	-$229.7M	-$1.167B	$45.96M	$535.7M	-$467.2M	-$1.923B	$282.9M	-$1.223B	-$53.89M	-$1.403M	$2.417M	-$58.40M	-$130.0M	-$1.300M	$5.000M	$500.0K	$6.100M
YoY Change	-181.42%	-165.47%	-87.67%	-80.31%	-2638.16%	-91.42%	-214.65%	-75.7%	-779.61%	-123.14%	2169.02%	3740.7%	-158.05%	-104.14%	-55.08%	9900.0%	-126.0%	900.0%	-91.8%
Net Earnings / Revenue	-6.84%	5.16%	-9.93%	-154.9%	-519.18%	20.28%	141.73%	-111.19%	-349.39%	24.64%	-122.33%	-21.73%	-1.35%	2.17%	-67.05%	-63.14%	-1.87%	7.12%	0.9%	20.54%
Basic Earnings Per Share	-$0.92	$1.14	-$1.74	-$14.18							-$3.25	-$0.91	-$0.05	$0.09
Diluted Earnings Per Share	-$0.92	$1.12	-$1.74	-$14.18	-$71.99M	$292.2K	$4.010M	-$5.122M	-$607.1M	$88.40	-$3.25	-$0.91	-$0.05	$0.09	-$292.00	-$1.300K	-$13.00	$50.00	$5.00	$539.30

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$57.53M	$32.73M	$46.86M	$4.295M	$5.701M	$46.87M	$424.1M	$24.00K	$8.026M	$43.70M	$2.800M	$2.500M	$0.00	$0.00	$100.0K	$200.0K	$6.900M	$6.700M	$100.0K	$34.20M
YoY Change	75.79%	-30.17%	991.13%	-24.66%	-87.84%	-88.95%	1766862.5%	-99.7%	-81.63%	1460.71%	12.0%			-100.0%	-50.0%	-97.1%	2.99%	6600.0%	-99.71%
Cash & Equivalents	$57.53M	$32.73M	$46.86M
Short-Term Investments																				$33.40M
Other Short-Term Assets	$9.989M	$17.47M	$4.244M	$11.30M	$15.70M	$60.82M	$5.055M	$12.86M	$370.3M	$374.7M	$7.700M	$16.40M	$5.600M	$6.600M	$5.600M	$42.10M	$6.500M	$1.700M	$1.300M	$0.00
YoY Change	-42.81%	311.52%	-62.44%	-28.02%	-74.19%	1103.13%	-60.7%	-96.53%	-1.17%	4766.23%	-53.05%	192.86%	-15.15%	17.86%	-86.7%	547.69%	282.35%	30.77%
Inventory									$4.635M	$4.700M	$5.100M	$3.100M	$4.300M	$3.400M	$3.900M	$4.100M
Prepaid Expenses
Receivables	$19.80M	$33.98M	$34.11M	$22.78M	$36.37M	$26.43M	$24.11M	$86.70M	$55.31M	$105.0M	$129.9M	$144.3M	$9.500M	$10.60M	$14.10M	$13.60M	$18.00M	$7.200M	$8.300M
Other Receivables	$3.219M	$3.994M	$2.696M	$9.461M	$13.39M	$10.54M	$18.56M	$61.06M	$118.3M	$174.6M	$193.0M	$121.5M	$800.0K	$0.00	$0.00	$0.00	$100.0K	$100.0K	$0.00
Total Short-Term Assets	$90.54M	$88.17M	$87.91M	$47.84M	$71.15M	$144.7M	$471.8M	$160.6M	$556.6M	$702.7M	$338.6M	$287.9M	$20.30M	$20.50M	$23.60M	$60.00M	$31.50M	$15.70M	$9.600M	$34.30M
YoY Change	2.69%	0.29%	83.78%	-32.77%	-50.81%	-69.34%	193.68%	-71.14%	-20.79%	107.53%	17.61%	1318.23%	-0.98%	-13.14%	-60.67%	90.48%	100.64%	63.54%	-72.01%
Property, Plant & Equipment	$372.3M	$389.0M	$297.6M	$292.3M	$512.6M	$1.924B	$1.170B	$1.157B	$2.876B	$5.380B	$4.916B	$4.459B	$216.5M	$209.9M	$249.3M	$309.3M	$541.6M	$142.8M	$131.1M	$0.00
YoY Change	-4.3%	30.72%	1.8%	-42.98%	-73.36%	64.45%	1.12%	-59.77%	-46.54%	9.42%	10.25%	1959.72%	3.14%	-15.8%	-19.4%	-42.89%	279.27%	8.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$6.160M	$5.379M	$2.515M	$4.009M	$224.0K	$12.44M		$0.00	$16.61M	$151.3M	$22.70M	$400.0K	$2.100M
YoY Change	14.52%	113.88%	-37.27%	1689.73%	-98.2%			-100.0%	-89.02%	566.52%	5575.0%	-80.95%
Other Assets	$1.311M	$2.827M	$2.270M	$2.351M	$703.0K	$2.181M	$1.691M	$1.887M	$9.441M	$149.6M	$78.80M	$65.80M	$28.30M	$34.60M	$38.20M	$34.60M	$7.100M	$3.200M	$2.500M
YoY Change	-53.63%	24.54%	-3.45%	234.42%	-67.77%	28.98%	-10.39%	-80.01%	-93.69%	89.85%	19.76%	132.51%	-18.21%	-9.42%	10.4%	387.32%	121.88%	28.0%
Total Long-Term Assets	$394.8M	$397.2M	$302.4M	$298.7M	$513.5M	$1.939B	$1.172B	$1.159B	$2.902B	$5.681B	$5.018B	$4.753B	$246.9M	$244.5M	$287.6M	$344.0M	$548.7M	$146.0M	$133.7M	$0.00
YoY Change	-0.6%	31.37%	1.24%	-41.84%	-73.52%	65.46%	1.1%	-60.06%	-48.91%	13.2%	5.57%	1825.11%	0.98%	-14.99%	-16.4%	-37.31%	275.82%	9.2%
Total Assets	$485.3M	$485.4M	$390.3M	$346.5M	$584.7M	$2.084B	$1.644B	$1.320B	$3.459B	$6.383B	$5.357B	$5.041B	$267.2M	$265.0M	$311.2M	$404.0M	$580.2M	$161.7M	$143.3M	$34.30M
YoY Change
Accounts Payable	$43.90M	$69.72M	$48.08M	$39.26M	$61.77M	$89.70M	$56.39M	$103.9M	$111.9M	$162.1M	$212.9M	$231.0M	$21.20M	$17.60M	$16.30M	$27.40M	$11.20M	$7.800M	$4.400M
YoY Change	-37.03%	45.01%	22.47%	-36.45%	-31.14%	59.08%	-45.73%	-7.18%	-30.95%	-23.86%	-7.84%	989.62%	20.45%	7.98%	-40.51%	144.64%	43.59%	77.27%
Accrued Expenses	$23.22M	$30.73M	$15.12M	$20.07M	$36.49M	$68.15M	$73.56M	$81.62M	$166.0M	$424.4M	$398.8M	$350.7M	$3.500M	$13.80M	$15.70M	$12.30M	$16.70M	$9.300M	$5.700M	$0.00
YoY Change	-24.45%	103.27%	-24.69%	-44.98%	-46.46%	-7.36%	-9.88%	-50.84%	-60.88%	6.42%	13.72%	9920.0%	-74.64%	-12.1%	27.64%	-26.35%	79.57%	63.16%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$74.70M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change											-100.0%
Long-Term Debt Due	$50.11M	$35.07M	$85.00K	$1.720M							$1.400M	$0.00		$100.0K	$100.0K	$200.0K	$29.20M	$800.0K	$600.0K
YoY Change	42.89%	41155.29%	-95.06%											0.0%	-50.0%	-99.32%	3550.0%	33.33%
Total Short-Term Liabilities	$134.4M	$165.0M	$121.6M	$83.18M	$106.4M	$161.7M	$150.3M	$207.6M	$295.2M	$744.7M	$664.4M	$678.0M	$27.90M	$32.90M	$38.00M	$63.10M	$65.90M	$18.20M	$14.30M	$100.0K
YoY Change	-18.55%	35.71%	46.2%	-21.85%	-34.2%	7.59%	-27.57%	-29.7%	-60.35%	12.09%	-2.01%	2330.11%	-15.2%	-13.42%	-39.78%	-4.25%	262.09%	27.27%	14200.0%
Long-Term Debt	$140.3M	$182.7M	$181.6M	$158.5M	$144.0M	$613.1M	$409.2M	$964.7M	$2.874B	$3.696B	$3.184B	$2.035B	$202.0M	$197.0M	$246.0M	$250.5M	$306.5M	$131.5M	$112.3M	$0.00
YoY Change	-23.21%	0.61%	14.56%	10.06%	-76.51%	49.84%	-57.58%	-66.43%	-22.24%	16.07%	56.49%	907.18%	2.54%	-19.92%	-1.8%	-18.27%	133.08%	17.1%
Other Long-Term Liabilities	$36.09M	$53.03M	$23.40M	$14.87M	$17.58M	$15.93M	$12.12M	$34.78M	$53.41M	$53.70M	$60.70M	$75.30M	$35.60M	$31.00M	$27.60M	$32.50M	$38.10M	$22.90M	$12.20M
YoY Change	-31.94%	126.67%	57.29%	-15.4%	10.39%	31.42%	-65.15%	-34.88%	-0.55%	-11.53%	-19.39%	111.52%	14.84%	12.32%	-15.08%	-14.7%	66.38%	87.7%
Total Long-Term Liabilities	$176.4M	$235.7M	$205.0M	$173.4M	$161.6M	$629.0M	$421.3M	$999.4M	$2.927B	$3.749B	$3.245B	$2.110B	$237.6M	$228.0M	$273.6M	$283.0M	$344.6M	$154.4M	$124.5M	$0.00
YoY Change	-25.18%	15.0%	18.23%	7.29%	-74.31%	49.31%	-57.85%	-65.86%	-21.93%	15.56%	53.78%	787.96%	4.21%	-16.67%	-3.32%	-17.88%	123.19%	24.02%
Total Liabilities	$310.8M	$400.7M	$326.6M	$256.5M	$268.0M	$886.6M	$571.6M	$1.207B	$3.406B	$4.611B	$3.909B	$2.948B	$265.5M	$260.8M	$311.7M	$346.1M	$481.5M	$189.6M	$164.0M	$100.0K
YoY Change	-22.45%	22.71%	27.3%	-4.28%	-69.77%	55.1%	-52.64%	-64.57%	-26.13%	17.96%	32.6%	1010.28%	1.8%	-16.33%	-9.94%	-28.12%	153.96%	15.61%	163900.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2018	2013	2012	2011	2010
Basic Shares Outstanding	16.44M	16.33M	16.26M	16.20M	157.0M	379.6M shares	156.5M shares	26.26M shares	26.14M shares
Diluted Shares Outstanding	16.44M	16.51M	16.26M	16.20M		379.6M shares	156.5M shares	26.26M shares	26.14M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $54.8 Million

About BATTALION OIL CORP

Battalion Oil Corp. engages in the acquisition, production, exploration, and development of liquids-rich oil and natural gas assets in the Delaware Basin. The company is headquartered in Houston, Texas and currently employs 38 full-time employees. The company went IPO on 2019-12-19. The company is focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. Its properties and drilling activities are focused on the Delaware Basin. Its principal properties consist of leasehold interests in developed and undeveloped oil and natural gas properties and the reserves associated with these properties. Its working interests in over 39,867 net acres in the Delaware Basin are in Pecos, Reeves, Ward and Winkler Counties, Texas. This resource play is characterized by high oil and liquids-rich natural gas content in thick, continuous sections of source rock that can provide repeatable drilling opportunities and significant initial production rates. Its primary targets in this area are the Wolfcamp and Bone Spring formations. The company has over 90 operated wells producing in this area in addition to minor working interests in 19 non-operated wells.

Industry: Crude Petroleum & Natural Gas Peers: EMPIRE PETROLEUM CORP Amplify Energy Corp. CONOCOPHILLIPS EVOLUTION PETROLEUM CORP MV Oil Trust NORTH EUROPEAN OIL ROYALTY TRUST PRIMEENERGY RESOURCES CORP VAALCO ENERGY INC /DE/