Reserve Petroleum Co (RSRV) Financial Statements (2025 and earlier)

Company Profile

Business Address 6801 N BROADWAY STE 300
OKLAHOMA CITY, OK 73116-9092
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 investments7,88313,81119,27220,23921,80123,132
Cash and cash equivalents5,2187,29910,12916,1872,7386,428
Short-term investments2,6646,5129,1424,05219,06316,703
Receivables2,6842,4382,1861,2911,0781,081
Other undisclosed current assets 2,221     
Total current assets:12,78816,24921,45821,53022,88024,213
Noncurrent Assets
Property, plant and equipment15,44814,9227,5587,4779,51411,185
Long-term investments and receivables8,1517,5554,2183,0202,6432,571
Long-term investments8,1517,5554,2183,0202,6432,571
Other noncurrent assets   112120687 
Total noncurrent assets:23,59922,47811,88810,61812,84513,756
TOTAL ASSETS:36,38738,72733,34632,14835,72437,969
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities538400261248157318
Accounts payable538400261248157318
Debt142137    
Other liabilities1376263152525
Total current liabilities:693612524263182344
Noncurrent Liabilities
Long-term debt and lease obligation1,1591,301    
Long-term debt, excluding current maturities1,1591,301    
Liabilities, other than long-term debt3,7864,4292,9112,3792,7392,984
Asset retirement obligations2,5662,8092,3601,8111,8221,774
Deferred tax liabilities, net1,210
Deferred income tax liabilities1,2201,620551569917
Other undisclosed noncurrent liabilities   1121206761,057
Total noncurrent liabilities:4,9455,7303,0242,4993,4154,042
Total liabilities:5,6376,3423,5472,7623,5974,385
Equity
Equity, attributable to parent30,54932,23629,79929,38532,12733,583
Common stock929292929292
Treasury stock, value(1,821)(1,750)(1,748)(1,693)(1,690)(1,598)
Additional paid in capital656565656565
Retained earnings32,21233,82831,38930,92133,66035,024
Equity, attributable to noncontrolling interest201149    
Total equity:30,75032,38529,79929,38532,12733,583
TOTAL LIABILITIES AND EQUITY:36,38738,72733,34632,14835,72437,969

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
Revenues12,49016,1719,1164,0826,6288,327
Cost of revenue(12,041)(8,095)(5,477)(5,278)(5,202)(2,392)
Cost of goods and services sold  (3,640)(2,722)(1,878)(2,334)(2,392)
Gross profit:4498,0763,640(1,195)1,4265,936
Operating expenses(2,607)(1,646)(2,999)(1,960)(2,431)(6,370)
Other undisclosed operating income886    2,392
Operating income (loss):(1,271)6,430641(3,156)(1,005)1,957
Nonoperating income (expense)971(1,185)710775603829
Investment income, nonoperating  3   
Other nonoperating income (expense)(7)(70) 775603829
Interest and debt expense(68)(35)    
Income (loss) from continuing operations before equity method investments, income taxes:(369)5,2101,350(2,381)(402)2,786
Income (loss) from equity method investments108(164)(154)(110)(88)(84)
Income (loss) from continuing operations before income taxes:(261)5,0461,196(2,491)(490)2,702
Income tax expense (benefit)171(1,073)55534223(388)
Income (loss) from continuing operations:(90)3,9731,251(1,956)(267)2,314
Income (loss) before gain (loss) on sale of properties:1,251(1,956)(267)2,314
Net income (loss):(90)3,9731,251(1,956)(267)2,314
Net income attributable to noncontrolling interest  28    
Other undisclosed net income attributable to parent34     
Net income (loss) available to common stockholders, diluted:(56)4,0011,251(1,956)(267)2,314

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 income (loss):(90)3,9731,251(1,956)(267)2,314
Comprehensive income (loss):(90)3,9731,251(1,956)(267)2,314
Comprehensive income, net of tax, attributable to noncontrolling interest  28    
Comprehensive income (loss), net of tax, attributable to parent:(90)4,0011,251(1,956)(267)2,314

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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