Demonstrações financeiras detalhadas de Battalion Oil Corporation (BATL): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Battalion Oil Corporation registou receitas de $165.0M no último exercício, com um CAGR de 5 anos de 2.2%.
Margens dos últimos 12 meses: margem bruta 49.5%, margem operacional -2.6%, margem líquida -24.5%.
Ao preço atual de $1.24, BATL apresenta lucros negativos (P/L não significativo) e um ROE de -29.92%. A capitalização de mercado é de $27M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $418.1M | $378.0M | $226.6M | $224.7M | $148.3M | $285.2M | $359.1M | $220.8M | $193.9M | $165.0M |
| Custo da Receita | $316.8M | $193.7M | $111.2M | $170.6M | $107.9M | $104.9M | $125.2M | $120.6M | $114.7M | $147.1M |
| Lucro Bruto | $101.2M | $184.3M | $115.4M | $54.1M | $40.4M | $180.3M | $233.9M | $100.2M | $79.2M | $17.8M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $125.0M | $111.4M | $62.1M | $41.7M | $18.5M | $16.5M | $17.6M | $19.0M | $18.4M | $14.6M |
| Despesas Operacionais | $161.9M | $182.9M | $134.9M | $1.11B | $302.3M | $76.9M | $81.8M | $82.6M | $91.0M | $24.5M |
| Lucro Operacional | -$60.6M | $715.4M | $92.1M | -$1.05B | -$261.8M | $103.4M | $152.1M | $17.6M | -$11.7M | -$6.6M |
| EBITDA | $63.2M | $113.9M | $262.3M | -$997.1M | -$161.0M | $25.1M | $94.0M | $86.9M | $36.0M | $92.9M |
| Despesas com Juros | $151.1M | $71.1M | $43.0M | $38.9M | $6.6M | $8.0M | $23.6M | $33.3M | $29.0M | $28.8M |
| Lucro Antes de Impostos | -$471.2M | $530.7M | $141.8M | -$1.15B | -$229.7M | -$28.3M | $18.5M | -$3.0M | -$31.9M | $11.9M |
| Imposto | -$3.9M | -$5.0M | $95.8M | -$95.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Lucro Líquido | -$467.2M | $535.7M | $46.0M | -$1.05B | -$229.7M | -$28.3M | $18.5M | -$3.0M | -$31.9M | $11.9M |
| LPA | $-54.20 | $36.70 | $2.90 | $-85.30 | $-14.18 | $-1.74 | $1.14 | $-0.92 | $-3.90 | $-2.24 |
| LPA Diluído | $-54.20 | $36.50 | $2.90 | $-85.30 | $-14.18 | $-1.74 | $1.12 | $-0.92 | $-3.90 | $-2.24 |
| Ações em Circulação (Diluídas) | $9.3M | $13.4M | $15.7M | $12.3M | $16.2M | $16.3M | $16.5M | $16.4M | $16.5M | $16.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $43.4M | $32.3M | $39.1M | $48.1M |
| Lucro Bruto | $31.0M | -$2.4M | $29.0M | $23.1M |
| Lucro Operacional | $826000 | -$9.6M | -$2.2M | $6.8M |
| EBITDA | $19.5M | $21.0M | -$49.6M | $32.1M |
| Lucro Líquido | -$735000 | $1.8M | -$56.5M | $15.5M |
| LPA | $-0.91 | $-0.76 | $-3.72 | $0.34 |
| LPA Diluído | $-0.91 | $-0.76 | $-3.72 | $0.34 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $24000 | $424.1M | $46.9M | $14.3M | $4.3M | $48.7M | $32.7M | $57.5M | $19.7M | $28.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $153.7M | $43.3M | $94.2M | $54.7M | $40.8M | $36.8M | $38.0M | $23.0M | $26.3M | $12.1M |
| Estoque | $6.9M | $10.6M | $4.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $160.6M | $471.8M | $144.7M | $71.2M | $47.8M | $87.9M | $88.2M | $90.5M | $54.1M | $57.2M |
| Imobilizado | $1.16B | $1.17B | $1.92B | $512.6M | $292.3M | $297.6M | $389.0M | $372.3M | $370.7M | $392.8M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $1.32B | $1.64B | $2.08B | $584.7M | $346.5M | $390.3M | $485.4M | $485.3M | $431.0M | $460.7M |
| Contas a Pagar | $24.4M | $35.7M | $69.0M | $36.0M | $22.7M | $25.3M | $42.9M | $24.9M | $15.7M | $12.6M |
| Dívida de Curto Prazo | 0 | 0 | 0 | $923000 | $1.7M | $454000 | $35.1M | $50.1M | $12.2M | 0 |
| Passivos Circulantes | $207.6M | $150.3M | $161.7M | $106.4M | $83.2M | $121.6M | $165.0M | $134.4M | $77.7M | $63.6M |
| Dívida de Longo Prazo | $964.7M | $409.2M | $613.1M | $144.0M | $158.5M | $181.6M | $182.7M | $140.3M | $145.5M | $181.0M |
| Passivos Totais | $1.21B | $571.6M | $886.6M | $268.0M | $256.5M | $326.6M | $400.7M | $310.8M | $249.4M | $267.2M |
| Reservas | -$480.0M | $55.7M | $101.7M | -$10.5M | -$240.2M | -$268.5M | -$249.9M | -$253.0M | -$284.9M | -$273.0M |
| Patrimônio Líquido | $112.7M | $1.07B | $1.20B | $316.6M | $90.0M | $63.7M | $84.6M | $174.6M | $181.7M | $193.4M |
| Dívida Total | $964.7M | $409.2M | $613.1M | $147.2M | $168.2M | $182.4M | $218.1M | $197.9M | $165.9M | $189.8M |
| Dívida Líquida | $964.6M | -$14.9M | $566.2M | $132.9M | $163.9M | $133.6M | $185.4M | $140.4M | $146.2M | $161.9M |
| Capital de Giro | -$46.9M | $321.5M | -$17.1M | -$35.3M | -$35.3M | -$33.7M | -$76.9M | -$43.9M | -$23.6M | -$6.5M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $50.7M | $28.0M | $46.4M | $83.1M |
| Ativos Totais | $491.7M | $460.7M | $412.4M | $432.6M |
| Passivos Totais | $511.9M | $267.2M | $255.2M | $229.4M |
| Patrimônio Líquido | -$20.2M | $193.4M | $157.1M | $203.1M |
| Dívida Total | $421.7M | $189.8M | $23.2M | $158.9M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$503.9M | $535.7M | $46.0M | -$1.17B | -$229.7M | -$28.3M | $18.5M | -$3.0M | -$31.9M | $11.9M |
| Depreciação e Amortização | $167.5M | $4.4M | $1.7M | $110.9M | $62.1M | $45.4M | $5.4M | $56.6M | $52.9M | $52.1M |
| Compensação em Ações | $26.4M | $36.8M | $15.3M | 0 | $2.6M | $2.0M | $2.2M | 0 | $152000 | 0 |
| Variação Capital de Giro | $10.7M | $21.8M | $28.6M | -$27.5M | $238000 | -$3.1M | $19.3M | -$19.2M | -$5.8M | $3.4M |
| Fluxo de Caixa Operacional | $278.5M | $114.6M | $67.2M | -$26.1M | $50.2M | $68.6M | $78.8M | $17.6M | $35.4M | $39.1M |
| CapEx | -$290.2M | -$1.43B | -$926.5M | -$298.9M | -$101.9M | -$52.9M | -$126.6M | -$46.4M | -$64.7M | -$74.6M |
| Aquisições | $888000 | $2.03B | $219.9M | $1.3M | $29.0M | $947000 | $332000 | $4.9M | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | -$8.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$11.7M | -$1.31B | -$859.4M | -$325.0M | -$51.7M | $15.6M | -$47.8M | -$28.9M | -$29.3M | -$35.5M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $28.0M | -$11.8M | $2.1M | $7.7M |
| CapEx | $53.1M | -$5.0M | -$3.6M | -$4.2M |
| Fluxo de Caixa Livre | $81.1M | -$16.8M | -$1.5M | $3.5M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | 0 | $421000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -9.6% | -40.0% | -0.8% | -34.0% | +92.3% | +25.9% | -38.5% | -12.2% | -14.9% |
| Crescimento Lucro Líquido (anual) | | +214.7% | -91.4% | -2387.1% | +78.1% | +87.7% | +165.5% | -116.4% | -946.0% | +137.3% |
| Crescimento LPA (anual) | | +167.7% | -92.1% | -3041.4% | +83.4% | +87.7% | +165.5% | -180.7% | -323.9% | +42.6% |
| Variação de Ações (anual) | | +43.6% | +17.8% | -21.7% | +31.5% | +0.4% | +1.5% | -0.4% | +0.1% | +0.0% |
| Crescimento FCF (anual) | | -11131.4% | +34.6% | +62.2% | +84.1% | +130.3% | -405.7% | +39.7% | -1.7% | -20.9% |
| Margem Bruta | 24.2% | 48.8% | 50.9% | 24.1% | 27.3% | 63.2% | 65.1% | 45.4% | 40.9% | 10.8% |
| Margem Operacional | -14.5% | 189.3% | 40.7% | -468.2% | -176.6% | 36.2% | 42.4% | 8.0% | -6.1% | -4.0% |
| Margem EBITDA | 15.1% | 30.1% | 115.7% | -443.8% | -108.6% | 8.8% | 26.2% | 39.4% | 18.6% | 56.3% |
| Margem Líquida | -111.8% | 141.7% | 20.3% | -467.8% | -154.9% | -9.9% | 5.2% | -1.4% | -16.4% | 7.2% |
| Margem FCF | -2.8% | -347.6% | -379.2% | -144.6% | -34.9% | 5.5% | -13.3% | -13.1% | -15.1% | -21.5% |
| Taxa Efetiva de Imposto | 0.8% | -0.9% | 67.6% | 8.4% | -0.0% | -0.0% | 0.0% | -0.0% | -0.0% | 0.0% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-1.26 | $-98.37 | $-54.64 | $-26.37 | $-3.19 | $0.96 | $-2.90 | $-1.75 | $-1.78 | $-2.16 |
| Dividendo por Ação | $0.88 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $9.3M | $13.3M | $15.7M | $12.3M | $16.2M | $16.3M | $16.3M | $16.4M | $16.5M | $16.5M |
O que olhar em empresas de Energy
- FCF yield (>8%) — Caixa gerada / capitalização. Em energia o FCF importa mais que LPA.
- ROIC médio 5a (≥10%) — Incluir anos bons e maus para filtrar as realmente disciplinadas.
- FCF positivo em 8 dos últimos 10 anos (≥8/10) — Nomes disciplinados (XOM, CVX, EOG) sobrevivem crashes de 2014-16 e 2020.
- Cobertura do dividendo (FCF / div) (≥1,2x) — Dividendo coberto por FCF, não por dívida. <1x = corte provável.
- Dívida Líquida / EBITDA (<2x em pico) — Olhar com EBITDA em vale, não em pico.
- Capex / Receita (10-20% saudável) — Energia precisa de reinvestimento agressivo para manter reservas.
Rentabilidade
| Retorno sobre patrimônio | -29.92% |
| Retorno sobre capital investido | -1.11% |
| Retorno sobre ativos | -9.23% |
| Margem bruta | 49.49% |
| Margem operacional | -2.62% |
| Margem líquida | -24.51% |
Saúde financeira
| Dívida / Patrimônio | 0.78 |
| Liquidez corrente | 2.19 |
| Piotroski F-Score | 6 |
| Altman Z-Score | -0.49 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -0.19 | 0.28 | 3.53 | -0.16 | -0.59 | -5.63 | 8.52 | -10.45 | -0.44 | -0.50 |
| P/VP | 0.85 | 0.13 | 0.13 | 0.52 | 1.50 | 2.50 | 1.87 | 0.91 | 0.16 | 0.10 |
| P/V | 0.23 | 0.36 | 0.71 | 0.74 | 0.91 | 0.56 | 0.44 | 0.72 | 0.15 | 0.11 |
| Margem Bruta | 24.2% | 48.8% | 50.9% | 24.1% | 27.3% | 63.2% | 65.1% | 45.4% | 40.9% | 10.8% |
| Margem Operacional | -14.5% | 189.3% | 40.7% | -468.2% | -176.6% | 36.2% | 42.4% | 8.0% | -6.1% | -4.0% |
| Margem Líquida | -111.8% | 141.7% | 20.3% | -467.8% | -154.9% | -9.9% | 5.2% | -1.4% | -16.4% | 7.2% |