Battalion Oil
Produces Delaware Basin oil, gas, and natural-gas liquids from operated Wolfcamp and Bone Spring acreage.
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Profile
Produces oil, natural gas, and natural-gas liquids from operated Delaware Basin acreage, generating revenue on commodity sales to marketers, oil-and-gas companies, and pipeline operators. Operations and revenue are concentrated in West Texas, with development centered on the Wolfcamp and Bone Spring formations.
Produces and sells oil, natural gas, and natural-gas liquids from operated acreage in the Delaware Basin of West Texas. Its work centers on developing the Wolfcamp and Bone Spring formations around Monument Draw and Hackberry, where it controls the timing and cost of most field activity.
Revenue is generated when commodities transfer to purchasers, principally marketers, oil-and-gas companies, and pipeline operators. Operating nearly all acreage supports direct control over drilling and development, while growth relies on reserve replacement through drilling and selective acreage acquisitions.
Results remain concentrated in a single basin and depend on commodity prices, local differentials, treating and takeaway capacity, and a concentrated customer base. Sour-gas handling at Monument Draw depends on alternative processing and a Targa treating agreement.
Company facts
Key statistics
Analysts
No analyst consensus on record.
Earnings
EPSReportedEstimate
RevenueReportedEstimate
Financials
Balance sheet, Jun 30, 2026Cash & short-term investments $83.1M · Total debt $158.9M · Total assets $432.6M · Shareholders' equity $203.1M
- Revenue
- $48.1M
- Operating income
- $6.8M
- Net income
- $15.5M
Dividends
No dividends on record.
Ownership
| Institutions40 holders · as of Jun 30, 2026 | 11.65% | 6.67M shares | |
| Insiders3 holders · as of Aug 28, 2026 | 0.17% | 98.2K shares | |
| Otherremainder | 88.18% | 50.51M shares |
57.28M company shares as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (57.28M in the company's Sep 1, 2026 report, 22.02M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Oaktree Capital Management LPInstitution | 5.25% | 3.01M | 13Fas of Jun 30, 2026 |
Luminus Management LLCInstitution | 1.87% | 1.07M | 13Fas of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.30% | 746,048 | 13Fas of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.22% | 698,754 | 13Fas of Jun 30, 2026 |
UBS Group AGInstitution | 0.56% | 320,704 | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | William D. Rogers | director | +70,000 | $1.30 |
| Aug 27, 2026 | Gregory S. Hinds | director | +14,400 | $1.31 |
| Aug 26, 2026 | Walter R. Mayer | officer: SVP, General Counsel | −6,479 | $1.30 |
| Aug 7, 2026 | Gen IV Investment Opportunities, LLC | 10 percent owner | −11,716 |
Peers
- Permian Resources
Direct Delaware Basin acreage and development rival in Reeves and Ward.
- Matador Resources
Closest Wolfcamp and Bone Spring rival in Ward and Winkler Counties.
- Devon Energy
Large, proximate Delaware Basin acreage and operating-services rival.
- EOG Resources
Large Delaware Basin Wolfcamp and Bone Spring development rival.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Battalion Oil | $1.36 | +1.47% | $29.7M | — | 12.2 | 0.2 | +12.4% |
| Permian Resources | $23.50 | +0.86% | $19.50B | 15.4 | 10.5 | 3.4 | +55.2% |
| Matador Resources | $58.08 | +0.10% | $7.20B | 10.0 | 7.6 | 1.9 | +28.2% |
| Devon Energy | $49.03 | +1.08% | $53.36B | 11.5 | 9.7 | 2.7 | +83.2% |
| EOG Resources | $147.90 | +2.03% | $77.21B | 11.3 | 9.7 | 2.9 | +60.5% |
| Median | 11.4 | 9.7 | 2.8 | +57.8% |