Battalion Oil Corp 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF1934 For the transition period fromto Commission File Number: 001-35467 Battalion Oil Corporation (Exact name of registrant as specified in its charter) 820 Gessner Road, Suite 1100, Houston, TX 77024(Address of principal executive offices)(832)538-0300(Registrant’s telephone number, including area code)(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section12(b) of the Act: Name of each exchange on which registeredNYSE American BATL Common Stock, par value $0.0001 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2)has been subject to suchfiling requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No⌧ Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the SecuritiesExchange Act of 1934 subsequent to the distribution of securities made under a plan confirmed by a court. Yes⌧No◻ At May 8, 2026, 22,018,849 shares of the Registrant’s Common Stock were outstanding. TABLE OF CONTENTS ITEM 1.Condensed Consolidated Financial Statements (Unaudited)5Condensed Consolidated Statements of Operations (Unaudited) for theThreeMonths Ended March 31, 2026 and 20255Condensed Consolidated Balance Sheets (Unaudited) at March 31, 2026 andDecember31, 20256Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) forthe Three Months Ended March 31, 2026 and the Year Ended December 31,20257Condensed Consolidated Statements of Cash Flows (Unaudited) for the ThreeMonths Ended March 31, 2026 and 20258Notes to Unaudited Condensed Consolidated Financial Statements9ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations25ITEM 3.Quantitative and Qualitative Disclosures about Market Risk32ITEM 4.Controls and Procedures33 ITEM 1.Legal Proceedings33ITEM 1A.Risk Factors33ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds33ITEM 3.Defaults Upon Senior Securities33ITEM 4.Mine Safety Disclosures34ITEM 5.Other Information34ITEM 6.Exhibits35 SIGNATURES37 Special note regarding forward-looking statements This Quarterly Report on Form10-Q contains forward-looking statements within the meaning of thefederal securities laws. All statements, other than statements of historical facts, may be forward-lookingstatements, should be evaluated as such and may concern, among other things, planned capitalexpenditures, potential increases in oil and natural gas production, potential costs to be incurred, futurecash flows and borrowings, our financial position, business strategy and other plans and objectives forfuture operations. These forward-looking statements may be identified by their use of terms and phrasessuch as “may,” “expect,” “estimate,” “project,” “plan,” “objective,” “believe,” “predict,” “intend,”“achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could” and similar terms andphrases. Although we believe that the expectations reflected in forward-looking statements are reasonable,they do involve certain assumptions, risks and uncertainties. Actual results could differ materially fromthose anticipated in these forward-looking statements. Readers should consider carefully the risksdescribed under the “Risk Factors” section of our previously filed Annual Report on Form 10-K for thefiscal year ended December 31, 2025, as well as the other disclosures contained herein and therein, whichdescribe factors that could cause our actual results to differ from those anticipated in forward-looking