Royale Energy, Inc. (ROYL) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,203 | 1,651 | 220 | 255 | 1,031 | 1,854 | |||
| Cash and cash equivalents | 2,203 | 1,651 | 220 | 255 | 1,031 | 1,854 | |||
| Restricted cash and investments | 3,325 | 2,250 | 4,003 | 2,147 | 2,846 | 4,501 | |||
| Receivables | 1,915 | 1,646 | 877 | 667 | 1,779 | 1,728 | |||
| Prepaid expense | 115 | 276 | 239 | 2,680 | 175 | ||||
| Deferred costs | 1,669 | ||||||||
| Asset, held-for-sale, not part of disposal group | 1,529 | ||||||||
| Other undisclosed current assets | 558 | 3,155 | 2,309 | 234 | 377 | ||||
| Total current assets: | 9,670 | 8,815 | 7,685 | 5,071 | 8,712 | 8,258 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 254 | 335 | 423 | 230 | 393 | ✕ | |||
| Property, plant and equipment | 2,402 | 2,040 | 2,080 | 2,541 | 4,591 | 6,407 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | |||||||||
| Long-term investments and receivables | 6,186 | 6,584 | |||||||
| Long-term investments | 6,186 | 6,584 | |||||||
| Other noncurrent assets | 590 | 590 | 599 | 584 | 709 | 510 | |||
| Total noncurrent assets: | 3,246 | 2,965 | 3,102 | 3,354 | 11,878 | 13,501 | |||
| TOTAL ASSETS: | 12,915 | 11,780 | 10,787 | 8,425 | 20,591 | 21,759 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 5,482 | 5,529 | 5,160 | 4,161 | 6,031 | 4,896 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 267 | 196 | 196 | 232 | ||
| Accounts payable | 5,482 | 3,109 | 2,845 | 2,265 | 3,107 | 2,590 | |||
| Accrued liabilities | 216 | 208 | 201 | 1,026 | 1,032 | 1,254 | |||
| Other undisclosed accounts payable and accrued liabilities | (216) | 2,212 | 1,847 | 675 | 1,696 | 820 | |||
| Deferred revenue | 9,762 | 8,130 | 7,825 | 3,128 | 5,233 | ✕ | |||
| Debt | 12 | 125 | 143 | 218 | 391 | ||||
| Asset retirement obligation | 675 | 675 | 649 | 869 | |||||
| Other liabilities | 23 | 23 | |||||||
| Due to related parties | ✕ | ✕ | 23 | 23 | 32 | 553 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,213 | ||
| Other undisclosed current liabilities | 912 | 891 | 902 | 791 | 623 | 2,931 | |||
| Total current liabilities: | 16,854 | 15,260 | 14,684 | 9,115 | 12,137 | 14,983 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7 | 337 | 53 | 231 | |||||
| Finance lease, liability | 7 | 19 | 30 | 41 | ✕ | ||||
| Liabilities, other than long-term debt | 7,075 | 6,038 | 5,533 | 5,401 | 6,555 | 5,289 | |||
| Accounts payable and accrued liabilities | 1,307 | 1,307 | 1,307 | 1,307 | 1,307 | 1,307 | |||
| Asset retirement obligations | 4,152 | 2,867 | 2,611 | 2,478 | 3,632 | 2,366 | |||
| Other liabilities | 1,616 | 1,616 | 1,616 | 1,616 | 1,616 | 1,616 | |||
| Operating lease, liability | 248 | 318 | 23 | 190 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 171 | ||||||||
| Total noncurrent liabilities: | 7,246 | 6,045 | 5,870 | 5,454 | 6,786 | 5,289 | |||
| Total liabilities: | 24,100 | 21,305 | 20,554 | 14,569 | 18,924 | 20,273 | |||
| Temporary equity, carrying amount | 24,449 | 22,803 | 22,216 | ||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (35,633) | (33,137) | (32,570) | (28,361) | 1,667 | 1,487 | |||
| Preferred stock | 21,453 | 20,719 | |||||||
| Common stock | 71 | 62 | 56 | 55 | 52 | ||||
| Additional paid in capital | 54,619 | 54,448 | 54,059 | 53,883 | 53,550 | 53,023 | |||
| Accumulated deficit | (90,323) | (87,646) | (86,685) | (82,299) | (73,388) | (72,305) | |||
| Other undisclosed equity, attributable to parent | 49 | ||||||||
| Other undisclosed equity | 23,612 | ||||||||
| Total equity: | (35,633) | (9,525) | (32,570) | (28,361) | 1,667 | 1,487 | |||
| TOTAL LIABILITIES AND EQUITY: | 12,915 | 11,780 | 10,787 | 8,425 | 20,591 | 21,759 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,161 | 2,643 | 1,719 | 1,588 | 2,967 | 3,283 | ||
| Cost of revenue | (4,644) | (4,757) | (2,772) | (2,717) | (3,991) | (4,921) | ||
| Gross profit: | (2,484) | (2,115) | (1,053) | (1,130) | (1,023) | (1,638) | ||
| Operating expenses | (1,567) | (341) | (2,549) | (3,245) | (2,732) | (4,125) | ||
| Other undisclosed operating income (loss) | 2,108 | 1,726 | (64) | 1,700 | 2,910 | 2,559 | ||
| Operating loss: | (1,943) | (729) | (3,666) | (2,674) | (845) | (3,204) | ||
| Nonoperating income (expense) | 113 | 164 | ||||||
| Investment income, nonoperating | 113 | 164 | ||||||
| Other nonoperating expense | ||||||||
| Interest and debt expense | (2) | 420 | 3 | 153 | 877 | 110 | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 65 | (5,627) | (380) | (20,410) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (1,832) | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
| Loss from equity method investments | (6,186) | |||||||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Loss from continuing operations: | (1,832) | (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 loss: | (1,832) | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
| Net loss attributable to noncontrolling interest | (6,186) | |||||||
| Other undisclosed net income (loss) attributable to parent | 6,186 | |||||||
| Net loss attributable to parent: | (1,832) | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
| Preferred stock dividends and other adjustments | (845) | (816) | (788) | (763) | (735) | (595) | ||
| Net loss available to common stockholders, diluted: | (2,677) | (961) | (4,386) | (8,911) | (1,083) | (24,099) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,832) | (146) | (3,598) | (8,148) | (348) | (23,504) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,832) | (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.