Filing Flows › Battalion Oil (BATL) › Q4 2025
Battalion Oil (BATL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 23, 2026
Battalion Oil (BATL) reported revenue of $32.3M for the fourth quarter 2025 (Q4 2025), -35% from a year earlier and -26% from the quarter before. Operating margin was -33.2%, net earnings $1.8M (5.6% of revenue).
Battalion Oil, Q4 2025: revenue $32.3M (-35% year over year), operating margin -33.2%, net earnings $1.8M, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.3M | -26% | -35% |
| Operating profit | −$10.7M | -1396% | — |
| Net earnings | $1.8M | — | — |
| Operating cash flow | −$11.8M | -142% | -277% |
What changed
Revenue was $32.3M in Q4 2025, down 35% year over year and down 26% from the previous quarter.
Operating costs exceeded revenue by $10.7M, an operating margin of -33.2%. Total costs fell 36% while revenue fell 35%. Net earnings were $1.8M. The effective tax rate was 0.0%. Non-operating items added $12.5M, 696% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$11.8M. Working capital and other items used $13.6M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$16.8M.
Questions
What was Battalion Oil's revenue in the fourth quarter 2025?
Battalion Oil (BATL) reported revenue of $32.3M for the fourth quarter 2025 (Q4 2025), -35% from a year earlier and -26% from the quarter before.
Was Battalion Oil profitable in the fourth quarter 2025?
Operating loss was $10.7M (-33.2% of revenue) and net earnings $1.8M.
Source: Battalion Oil 10-K on SEC EDGAR.