Filing Flows › Battalion Oil (BATL) › Q3 2025
Battalion Oil (BATL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Battalion Oil (BATL) reported revenue of $43.5M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +2% from the quarter before. Operating margin was 1.9%, net loss $735K (1.7% of revenue).
Battalion Oil, Q3 2025: revenue $43.5M (-4% year over year), operating margin 1.9%, net loss $735K, operating cash flow $28.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.5M | +2% | -4% |
| Operating profit | $826K | — | — |
| Net earnings | −$735K | -115% | — |
| Operating cash flow | $28.0M | +174% | — |
| Free cash flow | $11.5M | — | — |
What changed
Revenue was $43.5M in Q3 2025, down 4% year over year and up 2% from the previous quarter. Oil was the largest line at 88% of revenue. Oil lost $4.2M year over year (down 10%), 237% of the total change.
Operating profit was $826K, a 1.9% margin (down 0.4 points year over year). Total costs fell 4% while revenue fell 4%. The quarter ended with a net loss of $735K, after a profit of $4.8M the previous quarter. Net interest and other expense of $1.6M was the main reason.
Operating cash flow was $28.0M. Working capital and other items added $28.7M. Capital expenditures of $16.5M left free cash flow of $11.5M.
Questions
What was Battalion Oil's revenue in the third quarter 2025?
Battalion Oil (BATL) reported revenue of $43.5M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +2% from the quarter before.
Was Battalion Oil profitable in the third quarter 2025?
Operating profit was $826K (1.9% of revenue) and net loss $735K.
Source: Battalion Oil 10-Q on SEC EDGAR.