← BATTALION OIL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $13.9m | $424.1m | $46.9m | $15.5m | $4.3m | $46.9m | $32.7m | $57.5m | $19.7m | $28.0m | |
| Prepaid Expense and Other Assets, Current | $7.6m | $10.6m | $4.8m | $14.6m | $2.7m | $1.4m | $1.1m | $907k | $982k | $892k | |
| Accounts Receivable | — | — | — | — | — | — | $38.0m | $23.0m | $26.3m | $12.1m | |
| Cash And Cash Equivalents | — | — | — | — | — | — | $32.7m | $57.5m | $19.7m | $28.0m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $32.7m | $57.5m | $19.7m | $28.0m | |
| Other Current Assets | — | — | — | — | — | — | $75k | $72k | $61k | $100k | |
| Prepaid Assets | — | — | — | — | — | — | $715k | $490k | $572k | $621k | |
| Cash and cash equivalents | $24k | $424.1m | $46.9m | $5.7m | $4.3m | $46.9m | $32.7m | $57.5m | $19.7m | $28.0m | |
| Accounts receivable, net | $116.9m | $36.4m | $35.7m | $48.5m | $32.2m | $36.8m | $38.0m | $23.0m | $26.3m | $12.1m | |
| Prepaids and other | $7.6m | $10.6m | $4.8m | $7.4m | $2.7m | $1.4m | $1.1m | $907k | $982k | $892k | |
| Assets, Current | $253.2m | $471.8m | $144.7m | $84.8m | $47.8m | $87.9m | $88.2m | $90.5m | $54.1m | $57.2m | |
| Total current assets | $253.2m | $471.8m | $144.7m | $71.2m | $47.8m | $87.9m | $88.2m | $90.5m | $54.1m | $57.2m | |
| Property, Plant and Equipment, Net | $38.1m | $97.2m | $121.9m | $189.0m | $2.4m | $2.4m | $3.2m | $2.8m | $2.2m | $1.9m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $3.7m | $310k | $721k | $352k | $1.0m | $453k | $840k | |
| Other Assets, Noncurrent | — | — | — | — | $2.4m | $2.3m | $2.8m | $17.7m | $2.3m | $3.4m | |
| Operating lease right of use assets | — | — | — | $3.2m | $310k | $721k | $352k | $1.0m | $453k | $840k | |
| Other assets | — | — | — | — | — | $2.3m | $2.8m | $17.7m | $2.3m | $3.4m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $116.9m | $36.4m | $35.7m | $37.8m | $32.2m | $36.8m | $38.0m | $23.0m | $26.3m | $12.1m | |
| Accumulated Depreciation | — | — | — | — | — | — | ($392.0m) | ($447.8m) | ($499.7m) | ($550.8m) | |
| Capital Lease Obligations | — | — | — | — | — | — | $8.4m | $7.5m | $8.1m | $8.9m | |
| Current Accrued Expenses | — | — | — | — | — | — | $20.1m | $15.7m | $8.1m | $5.8m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $8.4m | $7.0m | $8.0m | $8.8m | |
| Current Debt | — | — | — | — | — | $85k | $35.1m | $50.1m | $12.2m | — | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $43.4m | $57.1m | $20.2m | $31.3m | |
| Derivative Product Liabilities | — | — | — | — | — | — | $33.6m | $16.1m | $7.0m | $1.7m | |
| Financial Assets | — | — | — | — | — | — | $5.4m | $4.9m | $4.1m | $7.3m | |
| Gross PPE | — | — | — | — | — | — | $781.0m | $820.1m | $870.4m | $943.6m | |
| Hedging Assets Current | — | — | — | — | — | — | $16.2m | $9.0m | $7.0m | $16.1m | |
| Interest Payable | — | — | — | — | — | — | $160k | $347k | $330k | $67k | |
| Invested Capital | — | — | — | — | — | — | $302.4m | $208.3m | $149.7m | $148.2m | |
| Investments And Advances | — | — | — | — | — | — | $1.6m | $1.3m | $940k | $0 | |
| Investmentsin Joint Venturesat Cost | — | — | — | — | — | — | $1.6m | $1.3m | $940k | $0 | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $0 | $490k | $84k | $104k | |
| Long Term Equity Investment | — | — | — | — | — | — | $1.6m | $1.3m | $940k | $0 | |
| Long Term Provisions | — | — | — | — | — | — | $15.2m | $17.5m | $19.2m | $20.8m | |
| Net Debt | — | — | — | — | — | — | $185.0m | $82.7m | $125.8m | $153.0m | |
| Net PPE | — | — | — | — | — | — | $389.0m | $372.3m | $370.7m | $392.8m | |
| Net Tangible Assets | — | — | — | — | — | — | $84.6m | $174.6m | $181.7m | $193.4m | |
| Non Current Accounts Receivable | — | — | — | — | — | $1.0m | — | $15.1m | — | — | |
| Ordinary Shares Number | — | — | — | — | — | — | $16.3m | $16.5m | $16.5m | $16.5m | |
| Other Current Borrowings | — | — | — | — | — | $85k | $35.1m | $50.1m | $12.2m | — | |
| Other Current Liabilities | — | — | — | — | — | — | $29.3m | $17.2m | $12.3m | $633k | |
| Other Non Current Assets | — | — | — | — | — | — | $1.3m | $1.3m | $1.3m | $3.4m | |
| Other Non Current Liabilities | — | — | — | — | — | $4.0m | $4.1m | $2.1m | — | — | |
| Other Payable | — | — | — | — | — | — | $26.8m | $19.0m | $19.8m | $13.0m | |
| Other Properties | — | — | — | — | — | — | $4.8m | $5.7m | $5.1m | $5.5m | |
| Properties | — | — | — | — | — | $634.2m | $776.2m | $814.4m | $865.3m | — | |
| Restricted Cash | — | — | — | — | — | — | $431k | $435k | $440k | $262k | |
| Share Issued | — | — | — | — | — | — | $16.3m | $16.5m | $16.5m | $16.5m | |
| Tangible Book Value | — | — | — | — | — | — | $84.6m | $68.0m | $4.1m | ($32.8m) | |
| Working Capital | — | — | — | — | — | — | ($76.9m) | ($43.9m) | ($23.6m) | ($6.5m) | |
| Assets from derivative contracts | $97.6m | $677k | $57.3m | $224k | $4.0m | $2.5m | $5.4m | $4.9m | $4.1m | $7.3m | |
| Restricted cash | $17.2m | — | — | $4.6m | — | $1.5m | $90k | $90k | $91k | $91k | |
| Evaluated | $1.2b | $877.3m | $1.5b | $420.6m | $509.3m | $569.9m | $713.6m | $755.5m | $816.2m | $890.0m | |
| Unevaluated | $332.1m | $765.8m | $971.9m | $105.0m | $75.5m | $64.3m | $62.6m | $58.9m | $49.1m | $48.0m | |
| Gross oil and natural gas properties | $1.5b | $1.6b | $2.4b | $525.6m | $584.8m | $634.2m | $776.2m | $814.4m | $865.3m | $938.1m | |
| Less - accumulated depletion | $6.8b | ($570.2m) | ($640.0m) | ($19.5m) | ($295.2m) | ($339.8m) | ($390.8m) | ($446.0m) | ($497.3m) | ($548.0m) | |
| Net oil and natural gas properties | $1.5b | $1.1b | $1.8b | $506.1m | $289.6m | $294.4m | $385.4m | $368.4m | $368.0m | $390.1m | |
| Less - accumulated depreciation | $24.2m | ($4.1m) | ($8.4m) | ($378k) | ($1.1m) | ($1.0m) | ($1.2m) | ($1.8m) | ($2.5m) | ($2.8m) | |
| Liabilities from derivative contracts | $525k | $7.8m | $9.1m | $4.9m | $4.3m | $7.1m | $33.6m | $16.1m | $7.0m | $1.7m | |
| Operating lease liabilities | — | — | — | $2.2m | $403k | $352k | $352k | $490k | $84k | $104k | |
| Asset retirement obligations | $32.2m | $4.4m | $6.8m | $10.5m | $10.6m | $11.9m | $15.2m | $17.5m | $19.2m | $20.8m | |
| Total Capitalization | — | — | — | — | — | — | $267.3m | $314.8m | $327.2m | $374.4m | |
| Total Debt | — | — | — | — | — | — | $226.1m | $197.9m | $165.9m | $212.3m | |
| Total Non Current Assets | — | — | — | — | — | — | $397.2m | $394.8m | $377.0m | $403.5m | |
| Total stockholders' (deficit) equity | $571.1m | $1.1b | $1.2b | $316.6m | $90.0m | $63.7m | $84.6m | $68.0m | $4.1m | ($32.8m) | |
| Assets | $1.8b | $1.6b | $2.1b | $1.2b | $346.5m | $390.3m | $485.4m | $485.3m | $431.0m | $460.7m | |
| Total Assets | $1.8b | $1.6b | $2.1b | $584.7m | $346.5m | $390.3m | $485.4m | $485.3m | $431.0m | $460.7m | |
| Total assets | $1.8b | $1.6b | $2.1b | $584.7m | $346.5m | $390.3m | $485.4m | $485.3m | $431.0m | $460.7m | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $1.3m | $403k | $369k | $352k | $594k | $406k | $764k | |
| Long-term Debt, Current Maturities | — | — | — | $258.2m | $1.7m | $85k | $35.1m | $50.1m | $12.2m | $22.5m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $2.4m | — | $352k | — | $490k | $84k | $104k | |
| Long-term Debt, Excluding Current Maturities | $1.0b | $409.2m | $613.1m | $258.2m | $158.5m | $181.6m | $182.7m | $140.3m | $145.5m | $181.0m | |
| Accounts Payable | — | — | — | — | — | — | $42.9m | $24.9m | $15.7m | $12.6m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $89.8m | $59.6m | $43.6m | $31.3m | |
| Accounts payable and accrued liabilities | $173.7m | $131.1m | $157.8m | $97.3m | $58.9m | $62.8m | $100.1m | $66.5m | $52.7m | $39.7m | |
| Current portion of long-term debt | — | — | — | $258.2m | $1.7m | $85k | $35.1m | $50.1m | $12.2m | $22.5m | |
| Liabilities, Current | $178.6m | $150.3m | $161.7m | $379.0m | $83.2m | $121.6m | $165.0m | $134.4m | $77.7m | $63.6m | |
| Total current liabilities | $178.6m | $150.3m | $161.7m | $106.4m | $83.2m | $121.6m | $165.0m | $134.4m | $77.7m | $63.6m | |
| Deferred Income Tax Liabilities, Net | — | — | $95.8m | — | — | — | — | — | — | — | |
| Other Liabilities, Noncurrent | $4.0m | — | — | — | — | $4.0m | $4.1m | $2.1m | — | — | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $182.7m | $140.8m | $145.6m | $181.1m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | — | — | $2.3m | $520k | $1.5m | $385k | |
| Long-term debt, net | $964.7m | $409.2m | $613.1m | $144.0m | $158.5m | $181.6m | $182.7m | $140.3m | $145.5m | $181.0m | |
| Deferred Tax Liabilities, Net | — | — | $95.8m | — | $65k | $1.0m | $1.6m | $1.1m | $1.1m | $6.7m | |
| Total Liabilities Net Minority Interest | — | — | — | — | — | — | $400.7m | $310.8m | $249.4m | $267.2m | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | $41.1m | — | — | — | — | — | — | — | — | — | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $9k | $15k | $16k | $16k | $2k | $2k | $2k | $2k | $2k | $2k | |
| Additional Paid in Capital | $571.1m | $1.0b | $1.1b | $1.1b | $330.1m | $332.2m | $334.6m | $321.0m | $289.0m | $240.2m | |
| Retained Earnings (Accumulated Deficit) | — | $55.7m | $101.7m | ($939.0m) | ($240.2m) | ($268.5m) | ($249.9m) | ($253.0m) | ($284.9m) | ($273.0m) | |
| Common Stock Equity | — | — | — | — | — | — | $84.6m | $68.0m | $4.1m | ($32.8m) | |
| Capital Stock | — | — | — | — | — | — | $2k | $106.5m | $177.5m | $226.2m | |
| Preferred Stock | — | — | — | — | — | — | $0 | $106.5m | $177.5m | $226.2m | |
| Preferred Stock Equity | — | — | — | — | — | — | — | $106.5m | $177.5m | $226.2m | |
| Redeemable convertible preferred stock: 138,000 shares of $0.0001 par value authorized, issued and outstanding as of December 31, 2025 and 2024 | — | — | — | — | — | — | — | 106.5m | 177.5m | 226.2m | |
| Common stock: 100,000,000 shares of $0.0001 par value authorized; 16,456,563 shares issued and outstanding as of December 31, 2025 and 2024 | 9k | 15k | 16k | 2k | 2k | 2k | 2k | 2k | 2k | 2k | |
| Accumulated deficit | $4.2b | $55.7m | $101.7m | ($10.5m) | ($240.2m) | ($268.5m) | ($249.9m) | ($253.0m) | ($284.9m) | ($273.0m) | |
| Stockholders' Equity Attributable to Parent | $571.1m | $1.1b | $1.2b | $148.4m | $90.0m | $63.7m | $84.6m | $68.0m | $4.1m | ($32.8m) | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $84.6m | $174.6m | $181.7m | $193.4m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $235.7m | $176.4m | $171.7m | $203.6m | |
| Liabilities and Equity | $1.8b | $1.6b | $2.1b | $1.2b | $346.5m | $390.3m | $485.4m | $485.3m | $431.0m | $460.7m | |
| Total liabilities, temporary equity and stockholders' (deficit) equity | $1.8b | $1.6b | $2.1b | $584.7m | $346.5m | $390.3m | $485.4m | $485.3m | $431.0m | $460.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.