Royale Energy, Inc. (ROYL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1530 HILTON HEAD RD
EL CAJON, CA 92019
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6512202551,0311,854
Cash and cash equivalents1,6512202551,0311,854
Restricted cash and investments2,2504,0032,1472,8464,501
Receivables1,6468776671,7791,728
Prepaid expense1152762392,680175
Deferred costs     
Asset, held-for-sale, not part of disposal group   1,529  
Other undisclosed current assets 3,1552,309234377 
Total current assets:8,8157,6855,0718,7128,258
Noncurrent Assets
Operating lease, right-of-use asset335423230393
Property, plant and equipment2,0402,0802,5414,5916,407
Long-term investments and receivables    6,1866,584
Long-term investments    6,1866,584
Other noncurrent assets590599584709510
Total noncurrent assets:2,9653,1023,35411,87813,501
TOTAL ASSETS:11,78010,7878,42520,59121,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,5295,1604,1616,0314,896
Employee-related liabilities267196196232
Accounts payable 3,1092,8452,2653,1072,590
Accrued liabilities2082011,0261,0321,254
Other undisclosed accounts payable and accrued liabilities2,2121,8476751,696820
Deferred revenue8,1307,8253,1285,233
Debt 12125143218391
Asset retirement obligation675649869  
Due to related parties 232332553
Contract with customer, liability6,213
Other liabilities23    
Other undisclosed current liabilities8919027916232,931
Total current liabilities:15,26014,6849,11512,13714,983
Noncurrent Liabilities
Long-term debt and lease obligation 733753231 
Finance lease, liability 7193041
Liabilities, other than long-term debt6,0385,5335,4016,5555,289
Accounts payable and accrued liabilities1,3071,3071,3071,3071,307
Asset retirement obligations2,8672,6112,4783,6322,366
Other liabilities1,6161,6161,6161,6161,616
Operating lease, liability24831823190
Total noncurrent liabilities:6,0455,8705,4546,7865,289
Total liabilities:21,30520,55414,56918,92420,273
Temporary equity, carrying amount 22,80322,216  
Equity
Equity, attributable to parent, including:(33,137)(32,570)(28,361)1,6671,487
Preferred stock    21,45320,719
Common stock62565552 
Additional paid in capital54,44854,05953,88353,55053,023
Accumulated deficit(87,646)(86,685)(82,299)(73,388)(72,305)
Other undisclosed equity, attributable to parent     49
Other undisclosed equity 23,612    
Total equity:(9,525)(32,570)(28,361)1,6671,487
TOTAL LIABILITIES AND EQUITY:11,78010,7878,42520,59121,759

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,6431,7191,5882,9673,283
Cost of revenue(4,757)(2,772)(2,717)(3,991)(4,921)
Gross profit:(2,115)(1,053)(1,130)(1,023)(1,638)
Operating expenses(341)(2,549)(3,245)(2,732)(4,125)
Other undisclosed operating income (loss)1,726(64)1,7002,9102,559
Operating loss:(729)(3,666)(2,674)(845)(3,204)
Nonoperating income
(Investment Income, Nonoperating)
164    
Interest and debt expense4203153877110
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 65(5,627)(380)(20,410)
Income (loss) from continuing operations before equity method investments, income taxes:(146)(3,598)(8,148)(348)(23,504)
Loss from equity method investments   (6,186)  
Income (loss) from continuing operations:(146)(3,598)(14,334)(348)(23,504)
Loss before gain (loss) on sale of properties:(3,598)(14,334)(348)(23,504)
Other undisclosed net income   6,186  
Net income (loss):(146)(3,598)(8,148)(348)(23,504)
Net loss attributable to noncontrolling interest   (6,186)  
Other undisclosed net income attributable to parent   6,186  
Net income (loss) attributable to parent:(146)(3,598)(8,148)(348)(23,504)
Preferred stock dividends and other adjustments(816)(788)(763)(735)(595)
Net loss available to common stockholders, diluted:(961)(4,386)(8,911)(1,083)(24,099)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(146)(3,598)(8,148)(348)(23,504)
Comprehensive income (loss), net of tax, attributable to parent:(146)(3,598)(8,148)(348)(23,504)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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