Battalion Oil Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $31.3M
- Price
- $1.42
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.90%
- Volume
- 4.9M
About
Battalion Oil Corporation functions as an autonomous energy enterprise, primarily focused on the acquisition, exploration, extraction, and enhancement of crude oil and natural gas deposits located on land throughout the United States. As of the close of 2021, the company maintained holdings across 40,400 net acres within Texas's Delaware Basin, encompassing Pecos, Reeves, Ward, and Winkler counties. At that same point, its audited proven reserves were calculated at roughly 95.9 million barrels of oil equivalent. This figure comprised 58.7 million barrels of crude oil, 16.3 million barrels of natural gas liquids, and 125.0 billion cubic feet of natural gas. Initially established in 1987 and based in Houston, Texas, the company rebranded as Battalion Oil Corporation in January 2020, having previously operated under the name Halcón Resources Corporation.
Quick stats
Shares outstanding22.0M
Computed float17.9M
Float / shares81.3%
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001282648
Websitehttps://battalionoil.com
AI Summary
AI-generated1/17
majorbullishearnings
Battalion Oil Corporation Announces Second Quarter 2026 Financial and Operating Results
Battalion Oil returned to positive equity of $203.1 million in Q2 2026, a major financial turnaround driven by ATM proceeds and asset sales that reduced net debt to $74.2 million.
The company reported revenue of $48.1 million and GAAP net income of $0.34 per share, while lowering its leverage ratio to 1.36x and completing a refinancing to cut borrowing costs.
Operationally, average daily production was 12,407 Boe/d, and lease operating expenses dropped 12% sequentially as the company prepares to drill new wells under a joint development agreement.
Red flags
- Adjusted EBITDA declined year-over-year to $12.3 million from $18.1 million
- Dilution: 32.3 million shares issued under ATM program (17.4M in Q2 + 14.9M subsequent)
- Adjusted net loss of $0.11 per share reported for the quarter