Reserve Petroleum Co (RSRV) financial statements (2022 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
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,27218,40918,83720,05820,23920,21321,842
Cash and cash equivalents10,1293,0903,38117,12716,18717,91714,583
Short-term investments9,14215,31915,4572,9314,0522,2967,259
Receivables2,1861,8311,2481,3941,2911,047423
Total current assets:21,45820,24020,08521,45221,53021,26022,265
Noncurrent Assets
Property, plant and equipment7,5588,8308,0067,9267,4777,9217,995
Long-term investments and receivables4,2184,2673,9803,0313,0203,0732,617
Long-term investments4,2184,2673,9803,0313,0203,0732,617
Other noncurrent assets1121195491071201401,095
Total noncurrent assets:11,88813,21612,53511,06410,61811,13411,706
TOTAL ASSETS:33,34633,45632,62132,51632,14832,39433,971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities261152126187248140130
Accounts payable261152126187248140130
Other liabilities2631684825156357
Total current liabilities:524321175212263204188
Noncurrent Liabilities
Liabilities, other than long-term debt2,9112,8732,3962,5542,3792,5152,432
Asset retirement obligations2,3602,2111,8331,8221,8111,8561,846
Deferred income tax liabilities551662563732569659587
Other undisclosed noncurrent liabilities1121195491071201391,077
Total noncurrent liabilities:3,0242,9922,9452,6612,4992,6533,510
Total liabilities:3,5473,3123,1202,8732,7622,8573,697
Stockholders' equity
Stockholders' equity attributable to parent29,79930,14329,50129,64329,38529,53730,274
Common stock92929292929292
Treasury stock, value(1,748)(1,697)(1,697)(1,694)(1,693)(1,690)(1,690)
Additional paid in capital65656565656565
Retained earnings31,38931,68331,04131,18030,92131,07031,807
Total stockholders' equity:29,79930,14329,50129,64329,38529,53730,274
TOTAL LIABILITIES AND EQUITY:33,34633,45632,62132,51632,14832,39433,971

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues2,7463,1991,5711,6001,0061,197601
Cost of revenue(2,929)(1,366)(636)(772)(1,037)(1,685)(479)
Cost of goods and services sold(907)(801)(487)(527)(508)(432)(388)
Gross profit:(183)1,833936829(31)(489)122
Operating expenses(620)(933)(630)(590)(541)(455)(469)
Operating income (loss):(804)900305239(572)(943)(347)
Nonoperating income (expense)333(99)3898744675268
Other nonoperating income 53898744675268
Income (loss) from continuing operations before equity method investments, income taxes:(471)801695326(126)(868)(78)
Income (loss) from equity method investments(89)(65)(1)1(110)  
Income (loss) from continuing operations before income taxes:(560)736693327(236)(868)(78)
Income tax expense (benefit)266(93)(50)(67)87131150
Net income (loss) available to common stockholders, diluted:(294)643643259(149)(737)72

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(294)643643259(149)(737)72
Comprehensive income (loss), net of tax, attributable to parent:(294)643643259(149)(737)72

Statements sources

The financial statements are based on the company's filings with the 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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