BATTALION OIL CORP (BATL) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: March 23, 2026

Risk Assessment Details

Potential Dilution: 103.35% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

16M

Potential Supply

17M

Additional shares possible

Splits

None

Past 2 years

Summary

BATL currently has 16.5M outstanding shares. with significant dilution risk as 17M authorized shares could dilute existing holders by 103.4%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Mar 23, 2026	S-3 filing: This prospectus relates to the resale of common stock and common stock issuable upon the exercise of pre-funded warrants by the selling securityholder.	16M	17M
Nov 13, 2025	10-Q filing \| 16.5M shares outstanding	16M	14M
May 14, 2025	10-Q filing \| 16.5M shares outstanding	16M	14M
Mar 31, 2025	10-K filing \| 16.5M shares outstanding	16M	14M
Nov 12, 2024	10-Q filing \| 16.5M shares outstanding	16M	14M
Aug 14, 2024	10-Q filing \| 16.5M shares outstanding	16M	14M
May 15, 2024	10-Q filing \| 16.5M shares outstanding	16M	14M
Apr 01, 2024	10-K filing \| 16.4M shares outstanding	16M	14M
Nov 15, 2023	10-Q filing \| 16.5M shares outstanding	16M	14M
Aug 21, 2023	10-Q filing \| 16.5M shares outstanding	16M	14M
May 15, 2023	10-Q filing \| 16.4M shares outstanding	16M	14M
Mar 30, 2023	10-K filing \| 16.3M shares outstanding	16M	14M
Nov 14, 2022	10-Q filing \| 16.3M shares outstanding	16M	14M
Aug 08, 2022	10-Q filing \| 16.3M shares outstanding	16M	14M
May 13, 2022	S-3/A filing: This is an S-3/A filing containing exhibits related to various agreements including underwriting agreements for common and preferred stock, depositary shares, warrants, purchase contracts, and units.	16M	14M
May 09, 2022	10-Q filing \| 16.3M shares outstanding	16M	14M
May 03, 2022	S-3/A filing: This is an S-3/A filing for a shelf offering of common stock, preferred stock, depositary shares, and purchase contracts with a total proposed amount of $200,000,000.	16M	14M
Mar 18, 2022	S-3 filing: The filing is an S-3 shelf registration for common stock, preferred stock, depositary shares, warrants, purchase contracts and units with a total offering amount of $200,000,000.	16M	14M
Mar 07, 2022	10-K filing \| 16.3M shares outstanding	16M	14M
Nov 08, 2021	10-Q filing \| 16.3M shares outstanding	16M	14M
Sep 09, 2021	S-3 filing: This prospectus relates to the offer and sale from time to time of up to an aggregate of 14,470,227 shares of our common stock for the account of the selling stockholders named in this prospectus.	16M	14M
Aug 09, 2021	10-Q filing \| 16.3M shares outstanding	16M	0
May 14, 2021	10-Q filing \| 16.2M shares outstanding	16M	0
Mar 08, 2021	10-K filing \| 16.3M shares outstanding	16M	0
Nov 09, 2020	10-Q filing \| 16.2M shares outstanding	16M	0
Aug 10, 2020	10-Q filing \| 16.2M shares outstanding	16M	0
May 12, 2020	10-Q filing \| 16.2M shares outstanding	16M	0
Mar 25, 2020	10-K filing \| 16.2M shares outstanding	16M	0

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