Battalion Oil Corp.
- BATL ยท NYSE
- Crude Petroleum & Natural Gas
- Houston, TX
- 40 employees
- CIK 0001282648
Updated from SEC filings through
Top things to know
Revenue, FY2025$166M-14.4% vs FY2024Operating margin-4.0%Operating income -$6.6MEmployees40As of December 31, 2025Next earningsNovember 12, 2026AnnouncedLatest 8-KDeparture or appointment of directors or officers; compensationFiled October 1, 2026Leadership changeItem 5.02 filedOctober 1, 2026, last 90 days
Executives
- Matthew Steele Chief Executive Officer 4, 2026-07-17
- Daniel P. Rohling Chief Operating Officer 4, 2026-07-17
- Walter R. Mayer SVP, General Counsel 4, 2026-08-28
- Charles E. Martin VP, Controller 4, 2026-07-17
- Matthew B. Steele Chief Executive Officer ( principal executive officer & principal financial officer ) DEF 14A, 2026-04-30
What leadership is saying
“The second quarter of 2026 was extremely active. We exhibited significant progress across every part of our business”
Earnings press release (8-K Ex. 99.1), filed August 12, 2026
Battalion Oil Corp is a U.S. public company in crude petroleum & natural gas (SIC 1311), headquartered in Houston, TX. It trades as BATL on NYSE. Revenue was $166M in the fiscal year ending December 31, 2025, -14.4% from the year before. It reported about 40 employees. Matthew Steele is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $166M 10-K, 2026-03-23 | $194M 10-K, 2026-03-23 | $221M 10-K, 2025-03-31 | $359M 10-K, 2024-04-01 | $285M 10-K, 2023-03-30 |
| Operating income | -$6.6M 10-K, 2026-03-23 | -$11.7M 10-K, 2026-03-23 | $17.6M 10-K, 2025-03-31 | $152M 10-K, 2024-04-01 | $103M 10-K, 2023-03-30 |
| SG&A | $14.6M 10-K, 2026-03-23 | $18.4M 10-K, 2026-03-23 | $19.0M 10-K, 2025-03-31 | $17.6M 10-K, 2024-04-01 | $16.5M 10-K, 2023-03-30 |
| Net income | $11.9M 10-K, 2026-03-23 | -$31.9M 10-K, 2026-03-23 | -$3.0M 10-K, 2025-03-31 | $18.5M 10-K, 2024-04-01 | -$28.3M 10-K, 2023-03-30 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Matthew Steele CEO Battalion Oil Corp | Chief Executive Officer | 4, 2026-07-17 |
| Matthew B. Steele | Named in proxy bio: Chief Executive Officer ( principal executive officer & principal financial officer ) | DEF 14A, 2026-04-30 |
| Daniel P. Rohling EVP and Chief Operating Officer at Battalion Oil Corporation | Chief Operating Officer | 4, 2026-07-17 |
| Walter R. Mayer Senior Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer at Battalion Oil Corporation | SVP, General Counsel | 4, 2026-08-28 |
| Charles E. Martin Vice President, Controller at Battalion Oil Corporation | VP, Controller | 4, 2026-07-17 |
| Gregory S. Hinds | Board member (per proxy) bio: Director | DEF 14A, 2026-04-30 |
| Jonathan D. Barrett | Board member (per proxy) bio: Director (Chairman of the Board) | DEF 14A, 2026-04-30 |
| William D. Rogers | Board member (per proxy) bio: Director | DEF 14A, 2026-04-30 |
What Battalion Oil Corp does
S. Our properties and drilling activities are currently focused in the Delaware Basin, where we have an extensive drilling inventory that we believe offers attractive long-term economics.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 57.3 million (as of August 10, 2026) | 10-Q, August 12, 2026 |
|---|---|---|
| Public float | $5.0M (as of June 30, 2025) | 10-K, March 23, 2026 |
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 12, 2026 |
| Latest proxy statement | Meeting June 11, 2026 (filed April 30, 2026) | DEF 14A, April 30, 2026 |
| Auditor | Deloitte & Touche LLP (Houston, Texas) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 27, 2026 | Gregory S. Hinds Director | Buy | 14,400 | $19K | Form 4, August 28, 2026 |
| August 26, 2026 | William D. Rogers Director | Buy | 70,000 | $91K | Form 4, August 28, 2026 |
| August 26, 2026 | Walter R. Mayer SVP, General Counsel | Sale | 6,479 | $8K | Form 4, August 28, 2026 |
| March 31, 2026 | Management Llc Luminus Director | Sale | 1,890,482 | $8.6M | Form 4, April 1, 2026 |
| March 27, 2026 | Walter R. Mayer SVP, General Counsel | Sale | 4,777 | $29K | Form 4, March 30, 2026 |
| March 25, 2026 | Paul Segal Director | Sale | 2,369,769 | $13.8M | Form 4, March 27, 2026 |
| March 25, 2026 | Investment Opportunities LLC Gen IV Director | Sale | 2,369,769 | $13.8M | Form 4, March 27, 2026 |
| March 25, 2026 | Investment Advisors LLC LSP Director | Sale | 2,369,769 | $13.8M | Form 4, March 27, 2026 |
Recent 8-K events
- 8-K filed 2026-10-01
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-30
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-16
- Item 3.01 Notice of delisting or failure to meet listing standards
- 8-K filed 2026-08-12
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2026-08-07
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- 8-K filed 2026-07-01
- Item 1.01 Entry into a material definitive agreement
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-30
- Item 4.01 Changes in registrant's certifying accountant
- 8-K filed 2026-06-18
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-16
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-13
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
Frequently asked questions about Battalion Oil Corp
- What does Battalion Oil Corp do?
- In its own words, from Item 1 of its 10-K: "S. Our properties and drilling activities are currently focused in the Delaware Basin, where we have an extensive drilling inventory that we believe offers attractive long-term economics."
- What is Battalion Oil Corp's revenue?
- $166M for the fiscal year ending December 31, 2025, from its 10-K filed March 23, 2026.
- Is Battalion Oil Corp profitable?
- Battalion Oil Corp reported net income of $11.9M for the fiscal year ending December 31, 2025.
- How many employees does Battalion Oil Corp have?
- About 40 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Battalion Oil Corp?
- Matthew Steele, Chief Executive Officer, as named in a 4 filed July 17, 2026.
- Where is Battalion Oil Corp headquartered?
- Houston, TX.
- What is Battalion Oil Corp's stock ticker?
- BATL on NYSE.
- What industry is Battalion Oil Corp in?
- Crude Petroleum & Natural Gas, SIC code 1311.
- What is Battalion Oil Corp's website?
- battalionoil.com.
- When does Battalion Oil Corp report earnings next?
- November 12, 2026. Source: pg_future_events.
- Is Battalion Oil Corp a public company?
- Yes. Battalion Oil Corp files with the SEC under CIK 0001282648 and trades as BATL.
- Who audits Battalion Oil Corp?
- Deloitte & Touche LLP, Houston, Texas, as named in its latest annual report (10-K).
- How many shares of Battalion Oil Corp are outstanding?
- 57.3 million shares as of August 10, 2026, from its 10-Q filed August 12, 2026.
- What is Battalion Oil Corp's public float?
- $5.0M as of June 30, 2025, as reported on the cover of its 10-K filed March 23, 2026.
- How many business segments does Battalion Oil Corp report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 12, 2026.
- When is Battalion Oil Corp's annual shareholder meeting?
- June 11, 2026, per its proxy statement (DEF 14A) filed April 30, 2026.
- Have Battalion Oil Corp insiders traded stock recently?
- Since March 25, 2026, officers and directors reported 9 open-market sales worth about $64.0M and 2 purchases worth about $110K on Forms 4 and 5. The most recent: Gregory S. Hinds (Director) bought 14,400 shares on August 27, 2026.