Reserve Petroleum Co (RSRV) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,81119,27220,23921,80123,13221,699
Cash and cash equivalents7,29910,12916,1872,7386,4284,768
Short-term investments6,5129,1424,05219,06316,70316,931
Receivables2,4382,1861,2911,0781,0811,332
Other undisclosed current assets      
Total current assets:16,24921,45821,53022,88024,21323,031
Noncurrent Assets
Property, plant and equipment14,9227,5587,4779,51411,18510,648
Long-term investments and receivables7,5554,2183,0202,6432,5712,624
Long-term investments7,5554,2183,0202,6432,5712,624
Other noncurrent assets  112120687  
Total noncurrent assets:22,47811,88810,61812,84513,75613,273
TOTAL ASSETS:38,72733,34632,14835,72437,96936,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities400261248157318235
Accounts payable400261248157318235
Debt137     
Other liabilities7626315252525
Total current liabilities:612524263182344260
Noncurrent Liabilities
Long-term debt and lease obligation1,301     
Long-term debt, excluding current maturities1,301     
Liabilities, other than long-term debt4,4292,9112,3792,7392,9842,693
Asset retirement obligations2,8092,3601,8111,8221,7741,775
Deferred tax liabilities, net1,210918
Deferred income tax liabilities1,620551569917
Other undisclosed noncurrent liabilities  1121206761,0571,229
Total noncurrent liabilities:5,7303,0242,4993,4154,0423,921
Total liabilities:6,3423,5472,7623,5974,3854,182
Equity
Equity, attributable to parent32,23629,79929,38532,12733,58332,122
Common stock929292929292
Treasury stock, value(1,750)(1,748)(1,693)(1,690)(1,598)(1,533)
Additional paid in capital656565656565
Retained earnings33,82831,38930,92133,66035,02433,497
Equity, attributable to noncontrolling interest149     
Total equity:32,38529,79929,38532,12733,58332,122
TOTAL LIABILITIES AND EQUITY:38,72733,34632,14835,72437,96936,304

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
12/31/2017
Revenues16,1719,1164,0826,6288,3276,310
Revenue, net6,310
Cost of revenue(8,095)(5,477)(5,278)(5,202)(2,392)(2,190)
Cost of goods and services sold(3,640)(2,722)(1,878)(2,334)(2,392)(2,190)
Gross profit:8,0763,640(1,195)1,4265,9364,120
Operating expenses(1,646)(2,999)(1,960)(2,431)(6,370)(6,828)
Other undisclosed operating income    2,3922,190
Operating income (loss):6,430641(3,156)(1,005)1,957(518)
Nonoperating income (expense)(1,185)710775603829683
Other nonoperating income (expense)(70) 775603829683
Interest and debt expense(35)     
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:5,2101,350(2,381)(402)2,786165
Income (loss) from equity method investments(164)(154)(110)(88)(84)(62)
Income (loss) from continuing operations before income taxes:5,0461,196(2,491)(490)2,702103
Income tax expense (benefit)(1,073)55534223(388)583
Income (loss) from continuing operations:3,9731,251(1,956)(267)2,314686
Income (loss) before gain (loss) on sale of properties:1,251(1,956)(267)2,314686
Net income (loss):3,9731,251(1,956)(267)2,314686
Net income attributable to noncontrolling interest28     
Other undisclosed net income attributable to parent      
Net income (loss) available to common stockholders, diluted:4,0011,251(1,956)(267)2,314686

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):3,9731,251(1,956)(267)2,314686
Comprehensive income (loss):3,9731,251(1,956)(267)2,314686
Comprehensive income, net of tax, attributable to noncontrolling interest28     
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:4,0011,251(1,956)(267)2,314686

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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