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)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,449 | 1,899 | 2,203 | 524 | 974 | 1,047 | |||
| Cash and cash equivalent | 1,449 | 1,899 | 2,203 | 524 | 974 | 1,047 | |||
| Restricted cash and investments | 4,183 | 2,408 | 3,325 | 3,170 | 1,237 | 2,610 | |||
| Receivables | 1,092 | 1,569 | 1,915 | 1,303 | 1,381 | 1,540 | |||
| Prepaid expense | 621 | 605 | 1,272 | 2,118 | 1,686 | ||||
| Deferred costs | 644 | 2,671 | 1,669 | 3,701 | 1,948 | 980 | |||
| Other undisclosed current assets | 558 | 497 | 819 | ||||||
| Total current assets: | 7,989 | 9,151 | 9,670 | 9,970 | 8,155 | 8,682 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 210 | 232 | 254 | 274 | 295 | 315 | |||
| Property, plant and equipment | 5,287 | 2,402 | 2,655 | 2,709 | 2,166 | ||||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 4,968 | ||||||||
| Other noncurrent assets | 590 | 590 | 590 | 590 | 590 | 590 | |||
| Total noncurrent assets: | 5,768 | 6,109 | 3,246 | 3,519 | 3,593 | 3,071 | |||
| TOTAL ASSETS: | 13,758 | 15,260 | 12,915 | 13,489 | 11,749 | 11,752 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 6,549 | 6,039 | 5,482 | 5,702 | 5,343 | 5,789 | |||
| Accounts payable | 6,116 | 5,482 | |||||||
| Accrued liabilities | 432 | 215 | 216 | 214 | 210 | 206 | |||
| Other undisclosed accounts payable and accrued liabilities | 5,823 | (216) | 5,488 | 5,133 | 5,584 | ||||
| Deferred revenue | 9,466 | 10,912 | 9,762 | 10,141 | 8,191 | 6,841 | |||
| Asset retirement obligation | 675 | 675 | 675 | 675 | 675 | 675 | |||
| Other liabilities | 23 | 23 | 23 | 23 | 23 | 23 | |||
| Other undisclosed current liabilities | 692 | 910 | 912 | 912 | 908 | 902 | |||
| Total current liabilities: | 17,404 | 18,559 | 16,854 | 17,453 | 15,140 | 14,230 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,400 | ||||||||
| Long-term debt, excluding current maturities | 1,400 | ||||||||
| Liabilities, other than long-term debt | 7,199 | 7,219 | 7,075 | 5,962 | 6,061 | 6,042 | |||
| Accounts payable and accrued liabilities | 1,307 | 1,307 | 1,307 | 1,307 | 1,307 | 1,307 | |||
| Asset retirement obligations | 4,146 | 4,146 | 4,152 | 2,849 | 2,927 | 2,886 | |||
| Other liabilities | 1,616 | 1,616 | 1,616 | 1,616 | 1,616 | 1,616 | |||
| Operating lease, liability | 130 | 151 | 190 | 211 | 233 | ||||
| Other undisclosed noncurrent liabilities | 1,400 | 171 | |||||||
| Total noncurrent liabilities: | 8,599 | 8,619 | 7,246 | 5,962 | 6,061 | 6,042 | |||
| Total liabilities: | 26,004 | 27,178 | 24,100 | 23,415 | 21,200 | 20,272 | |||
| Temporary equity, including noncontrolling interest | 24,665 | 24,665 | 24,449 | 24,235 | 24,025 | 23,820 | |||
| Equity | |||||||||
| Equity, attributable to parent | (36,911) | (36,583) | (35,633) | (34,161) | (33,477) | (32,340) | |||
| Common stock | 72 | 72 | 71 | 68 | 68 | 62 | |||
| Additional paid in capital | 54,654 | 54,654 | 54,619 | 54,550 | 54,550 | 54,448 | |||
| Accumulated deficit | (91,636) | (91,309) | (90,323) | (88,779) | (88,095) | (86,850) | |||
| Total equity: | (36,911) | (36,583) | (35,633) | (34,161) | (33,477) | (32,340) | |||
| TOTAL LIABILITIES AND EQUITY: | 13,758 | 15,260 | 12,915 | 13,489 | 11,749 | 11,752 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 560 | 660 | 541 | 519 | 529 | 572 | ||
| Cost of revenue | (1,048) | (743) | (1,226) | (520) | (631) | (2,267) | ||
| Gross profit: | (488) | (83) | (685) | (1) | (102) | (1,695) | ||
| Operating expenses | (87) | (651) | (1,412) | (469) | (735) | 1,049 | ||
| Other undisclosed operating income (loss) | 528 | 769 | (1) | (255) | 1,594 | |||
| Operating income (loss): | (47) | (734) | (1,328) | (471) | (1,092) | 948 | ||
| Nonoperating income (expense) | (63) | (36) | 1 | 57 | 55 | |||
| Investment income, nonoperating | 1 | 57 | 55 | |||||
| Other nonoperating expense | (63) | (36) | ||||||
| Interest and debt expense | (36) | (1) | (0) | (1) | (1) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (111) | (806) | (1,328) | (471) | (1,035) | 1,002 | ||
| Other undisclosed income from continuing operations before income taxes | 36 | |||||||
| Net income (loss): | (111) | (770) | (1,328) | (471) | (1,035) | 1,002 | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) attributable to parent: | (111) | (770) | (1,328) | (471) | (1,035) | 1,002 | ||
| Preferred stock dividends and other adjustments | (217) | (215) | (216) | (214) | (210) | (206) | ||
| Net income (loss) available to common stockholders, diluted: | (328) | (985) | (1,544) | (685) | (1,245) | 797 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (111) | (770) | (1,328) | (471) | (1,035) | 1,002 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (111) | (770) | (1,328) | (471) | (1,035) | 1,002 | ||
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.