Filing Flows › Battalion Oil (BATL) › Q1 2025
Battalion Oil (BATL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Battalion Oil (BATL) reported revenue of $47.5M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -4% from the quarter before. Operating margin was 7.1%, net earnings $6.0M (12.7% of revenue).
Battalion Oil, Q1 2025: revenue $47.5M (-5% year over year), operating margin 7.1%, net earnings $6.0M, operating cash flow $12.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.5M | -4% | -5% |
| Operating profit | $3.4M | — | 147× |
| Net earnings | $6.0M | — | — |
| Operating cash flow | $12.7M | +90% | +225% |
What changed
Revenue was $47.5M in Q1 2025, down 5% year over year and down 4% from the previous quarter. Oil was the largest line at 84% of revenue. Oil lost $2.7M year over year (down 6%), 114% of the total change.
Operating profit was $3.4M, a 7.1% margin (up 7.1 points year over year). Total costs fell 12% while revenue fell 5%. Net earnings were $6.0M. The effective tax rate was 0.0%. Non-operating items added $2.6M, 44% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $12.7M (up 225% year over year), 211% of net earnings. Working capital and other items added $6.7M. Capital expenditures of $19.8M exceeded it, leaving free cash flow of −$7.1M.
Questions
What was Battalion Oil's revenue in the first quarter 2025?
Battalion Oil (BATL) reported revenue of $47.5M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -4% from the quarter before.
Was Battalion Oil profitable in the first quarter 2025?
Operating profit was $3.4M (7.1% of revenue) and net earnings $6.0M.
Source: Battalion Oil 10-Q on SEC EDGAR.