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 investments | 7,883 | 13,811 | 19,272 | 20,239 | 21,801 | 23,132 | |||
Cash and cash equivalents | 5,218 | 7,299 | 10,129 | 16,187 | 2,738 | 6,428 | |||
Short-term investments | 2,664 | 6,512 | 9,142 | 4,052 | 19,063 | 16,703 | |||
Receivables | 2,684 | 2,438 | 2,186 | 1,291 | 1,078 | 1,081 | |||
Other undisclosed current assets | 2,221 | ||||||||
Total current assets: | 12,788 | 16,249 | 21,458 | 21,530 | 22,880 | 24,213 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 15,448 | 14,922 | 7,558 | 7,477 | 9,514 | 11,185 | |||
Long-term investments and receivables | 8,151 | 7,555 | 4,218 | 3,020 | 2,643 | 2,571 | |||
Long-term investments | 8,151 | 7,555 | 4,218 | 3,020 | 2,643 | 2,571 | |||
Other noncurrent assets | 112 | 120 | 687 | ||||||
Total noncurrent assets: | 23,599 | 22,478 | 11,888 | 10,618 | 12,845 | 13,756 | |||
TOTAL ASSETS: | 36,387 | 38,727 | 33,346 | 32,148 | 35,724 | 37,969 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 538 | 400 | 261 | 248 | 157 | 318 | |||
Accounts payable | 538 | 400 | 261 | 248 | 157 | 318 | |||
Debt | 142 | 137 | |||||||
Other liabilities | 13 | 76 | 263 | 15 | 25 | 25 | |||
Total current liabilities: | 693 | 612 | 524 | 263 | 182 | 344 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,159 | 1,301 | |||||||
Long-term debt, excluding current maturities | 1,159 | 1,301 | |||||||
Liabilities, other than long-term debt | 3,786 | 4,429 | 2,911 | 2,379 | 2,739 | 2,984 | |||
Asset retirement obligations | 2,566 | 2,809 | 2,360 | 1,811 | 1,822 | 1,774 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,210 | ||
Deferred income tax liabilities | 1,220 | 1,620 | 551 | 569 | 917 | ✕ | |||
Other undisclosed noncurrent liabilities | 112 | 120 | 676 | 1,057 | |||||
Total noncurrent liabilities: | 4,945 | 5,730 | 3,024 | 2,499 | 3,415 | 4,042 | |||
Total liabilities: | 5,637 | 6,342 | 3,547 | 2,762 | 3,597 | 4,385 | |||
Equity | |||||||||
Equity, attributable to parent | 30,549 | 32,236 | 29,799 | 29,385 | 32,127 | 33,583 | |||
Common stock | 92 | 92 | 92 | 92 | 92 | 92 | |||
Treasury stock, value | (1,821) | (1,750) | (1,748) | (1,693) | (1,690) | (1,598) | |||
Additional paid in capital | 65 | 65 | 65 | 65 | 65 | 65 | |||
Retained earnings | 32,212 | 33,828 | 31,389 | 30,921 | 33,660 | 35,024 | |||
Equity, attributable to noncontrolling interest | 201 | 149 | |||||||
Total equity: | 30,750 | 32,385 | 29,799 | 29,385 | 32,127 | 33,583 | |||
TOTAL LIABILITIES AND EQUITY: | 36,387 | 38,727 | 33,346 | 32,148 | 35,724 | 37,969 |
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 12,490 | 16,171 | 9,116 | 4,082 | 6,628 | 8,327 | ||
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: | 449 | 8,076 | 3,640 | (1,195) | 1,426 | 5,936 | ||
Operating expenses | (2,607) | (1,646) | (2,999) | (1,960) | (2,431) | (6,370) | ||
Other undisclosed operating income | 886 | 2,392 | ||||||
Operating income (loss): | (1,271) | 6,430 | 641 | (3,156) | (1,005) | 1,957 | ||
Nonoperating income (expense) | 971 | (1,185) | 710 | 775 | 603 | 829 | ||
Investment income, nonoperating | 3 | |||||||
Other nonoperating income (expense) | (7) | (70) | 775 | 603 | 829 | |||
Interest and debt expense | (68) | (35) | ||||||
Income (loss) from continuing operations before equity method investments, income taxes: | (369) | 5,210 | 1,350 | (2,381) | (402) | 2,786 | ||
Income (loss) from equity method investments | 108 | (164) | (154) | (110) | (88) | (84) | ||
Income (loss) from continuing operations before income taxes: | (261) | 5,046 | 1,196 | (2,491) | (490) | 2,702 | ||
Income tax expense (benefit) | 171 | (1,073) | 55 | 534 | 223 | (388) | ||
Income (loss) from continuing operations: | (90) | 3,973 | 1,251 | (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) | 3,973 | 1,251 | (1,956) | (267) | 2,314 | ||
Net income attributable to noncontrolling interest | 28 | |||||||
Other undisclosed net income attributable to parent | 34 | |||||||
Net income (loss) available to common stockholders, diluted: | (56) | 4,001 | 1,251 | (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) | 3,973 | 1,251 | (1,956) | (267) | 2,314 | ||
Comprehensive income (loss): | (90) | 3,973 | 1,251 | (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) | 4,001 | 1,251 | (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.