Filing Flows › Battalion Oil (BATL) › Q2 2025
Battalion Oil (BATL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Battalion Oil (BATL) reported revenue of $42.8M for the second quarter 2025 (Q2 2025), -13% from a year earlier and -10% from the quarter before. Operating margin was -0.4%, net earnings $4.8M (11.2% of revenue).
Battalion Oil, Q2 2025: revenue $42.8M (-13% year over year), operating margin -0.4%, net earnings $4.8M, operating cash flow $10.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.8M | -10% | -13% |
| Operating profit | −$153K | -105% | — |
| Net earnings | $4.8M | -20% | — |
| Operating cash flow | $10.2M | -20% | -66% |
What changed
Revenue was $42.8M in Q2 2025, down 13% year over year and down 10% from the previous quarter. Oil was the largest line at 85% of revenue. Oil lost $9.4M year over year (down 21%), 150% of the total change.
Operating costs exceeded revenue by $153K, an operating margin of -0.4%. Total costs fell 2% while revenue fell 13%. Net earnings were $4.8M. The effective tax rate was 0.0%. Non-operating items added $4.9M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.2M (down 66% year over year), 213% of net earnings. Working capital and other items added $5.4M. Capital expenditures of $33.3M exceeded it, leaving free cash flow of −$23.1M.
Questions
What was Battalion Oil's revenue in the second quarter 2025?
Battalion Oil (BATL) reported revenue of $42.8M for the second quarter 2025 (Q2 2025), -13% from a year earlier and -10% from the quarter before.
Was Battalion Oil profitable in the second quarter 2025?
Operating loss was $153K (-0.4% of revenue) and net earnings $4.8M.
Source: Battalion Oil 10-Q on SEC EDGAR.