Filing Flows › Battalion Oil (BATL) › Q1 2026
Battalion Oil (BATL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Battalion Oil (BATL) reported revenue of $39.2M for the first quarter 2026 (Q1 2026), -17% from a year earlier and +21% from the quarter before. Operating margin was -5.4%, net loss $56.5M (144.2% of revenue).
Battalion Oil, Q1 2026: revenue $39.2M (-18% year over year), operating margin -5.4%, net loss $56.5M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.2M | +21% | -17% |
| Operating profit | −$2.1M | — | -163% |
| Net earnings | −$56.5M | -3246% | -1038% |
| Operating cash flow | $2.1M | — | -83% |
What changed
Revenue was $39.2M in Q1 2026, down 17% year over year and up 21% from the previous quarter.
Operating costs exceeded revenue by $2.1M, an operating margin of -5.4%. Total costs fell 6% while revenue fell 17%. The quarter ended with a net loss of $56.5M, after a profit of $1.8M the previous quarter. Net interest and other expense of $54.3M was the main reason.
Operating cash flow was $2.1M (down 83% year over year). Working capital and other items added $58.6M. Capital expenditures of $3.6M exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Battalion Oil's revenue in the first quarter 2026?
Battalion Oil (BATL) reported revenue of $39.2M for the first quarter 2026 (Q1 2026), -17% from a year earlier and +21% from the quarter before.
Was Battalion Oil profitable in the first quarter 2026?
Operating loss was $2.1M (-5.4% of revenue) and net loss $56.5M.
Source: Battalion Oil 10-Q on SEC EDGAR.