$0.85

-0.00 (-0.14%)

Weekly Expected Move ±15.3%

$1 $1 $1 $1 $1

AMEX · Energy · Oil & Gas Exploration & Production · Tech Score Strong Sell · Power 32 · $18.8M mcap · 18M float · 67.68% daily turnover · Short 50% of daily vol

Credit Risk of going bust: higher than 99% of companies Debt: 89.4% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the riskiest tenth, about 1 in 20 filed for bankruptcy within a year (2020-2025).
On these numbers the stock market already values Battalion Oil Corporation at less than the debt the model counts.
Total debt $158.9M against a stock market value of $18.8M.
Distance to default -1.11 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $80.1M (short-term plus half of long-term), stock volatility 231.0%; Altman Z'' -0.98. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$165M -14.9% ▼

5Y CAGR: +2.2%

Gross Profit

$18M -77.5% ▼

5Y CAGR: -15.1%

Operating Income

-$7M +43.5% ▲

Net Income

$12M +137.3% ▲

EPS (Diluted)

$-2.24 +42.6% ▲

EBITDA

$45M +26.4% ▲

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$285M	$359M	$221M	$194M	$165M
YoY Growth	+94.3%	+25.9%	-38.5%	-12.2%	-14.9%
Cost of Revenue	$105M	$125M	$121M	$115M	$147M
Gross Profit	$180M	$234M	$100M	$79M	$18M
Gross Margin	63.2%	65.1%	45.4%	40.9%	10.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$17M	$18M	$19M	$18M	$15M
Operating Expenses	$77M	$82M	$83M	$91M	$24M
Operating Income	$103M	$152M	$18M	-$12M	-$7M
Operating Margin	36.2%	42.4%	8.0%	-6.1%	-4.0%
Interest Expense	$8M	$24M	$33M	$29M	$29M
Income Before Tax	-$28M	$19M	-$3M	-$32M	$12M
Tax Expense	$0	$0	$0	$0	$0
Net Income	-$28M	$19M	-$3M	-$32M	$12M
Net Margin	-9.9%	5.2%	-1.4%	-16.4%	7.2%
EPS (Diluted)	$-1.74	$1.12	$-0.92	$-3.90	$-2.24
EBITDA	$25M	$94M	$87M	$36M	$45M
Shares Outstanding	16M	17M	16M	16M	16M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$45M	$50M	$47M	$43M	$43M	$32M	$39M	$48M
Cost of Revenue	$25M	$39M	$25M	$27M	$12M	$35M	$10M	$25M
Gross Profit	$20M	$11M	$23M	$16M	$31M	-$2M	$29M	$23M
Gross Margin	43.9%	22.3%	47.6%	37.1%	71.4%	-7.5%	74.2%	47.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$4M	$7M	$4M	$3M	$3M	$5M	$4M	$4M
Operating Expenses	$19M	$29M	$19M	$16M	$30M	$7M	$31M	$16M
Operating Income	$1M	-$18M	$3M	-$153K	$826K	-$10M	-$2M	$7M
Operating Margin	2.3%	-36.1%	7.1%	-0.4%	1.9%	-29.8%	-5.7%	14.1%
Interest Expense	$6M	$0	$7M	$7M	$7M	$7M	-$6M	$4M
Income Before Tax	$22M	-$22M	$6M	$5M	-$735K	$2M	-$56M	$16M
Tax Expense	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	$22M	-$22M	$6M	$5M	-$735K	$2M	-$56M	$16M
Net Margin	47.8%	-44.7%	12.7%	11.2%	-1.7%	5.6%	-144.6%	32.2%
EPS (Diluted)	$0.34	$-1.88	$-0.35	$-0.21	$-0.91	$-0.76	$-3.72	$0.34
EBITDA	$40M	-$12M	$26M	$26M	$20M	$21M	-$50M	$32M
Shares Outstanding	17M	16M	16M	16M	16M	16M	17M	45M

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