Royale Energy, Inc. (ROYL) financial statements (2022 and earlier)

Company profile

Business Address 1870 CORDELL COURT, SUITE 210
EL CAJON, CA 92020
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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2551,0311,854
Cash and cash equivalents 2551,0311,854
Restricted cash and investments 2,1472,8464,501
Receivables 6671,7791,728
Prepaid expense 2392,680175
Assets held-for-sale, not part of disposal group 1,529  
Other undisclosed current assets 234377 
Total current assets: 5,0718,7128,258
Noncurrent Assets
Operating lease, right-of-use asset 230393
Property, plant and equipment 2,5414,5916,407
Long-term investments and receivables  6,1866,584
Long-term investments  6,1866,584
Other noncurrent assets 584709510
Total noncurrent assets: 3,35411,87813,501
TOTAL ASSETS: 8,42520,59121,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 4,1616,0314,896
Accounts payable 2,2653,1072,590
Accrued liabilities 1,0261,0321,254
Employee-related liabilities 196196232
Other undisclosed accounts payable and accrued liabilities 6751,696820
Deferred revenue 3,1285,233
Debt 143218391
Asset retirement obligation 869  
Due to related parties 2332553
Contract with customer, liability6,213
Other undisclosed current liabilities 7916232,931
Total current liabilities: 9,11512,13714,983
Noncurrent Liabilities
Long-term debt and lease obligation 53231 
Finance lease, liability 3041
Operating lease, liability 23190
Liabilities, other than long-term debt 5,4016,5555,289
Accounts payable and accrued liabilities 1,3071,3071,307
Asset retirement obligations 2,4783,6322,366
Other liabilities 1,6161,6161,616
Total noncurrent liabilities: 5,4546,7865,289
Total liabilities: 14,56918,92420,273
Temporary equity, carrying amount 22,216  
Stockholders' equity
Stockholders' equity attributable to parent, including: (28,361)1,6671,487
Preferred stock  21,45320,719
Common stock 5552 
Additional paid in capital 53,88353,55053,023
Accumulated deficit (82,299)(73,388)(72,305)
Other undisclosed stockholders' equity attributable to parent   49
Total stockholders' equity: (28,361)1,6671,487
TOTAL LIABILITIES AND EQUITY: 8,42520,59121,759

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Revenues 1,5882,9673,283
Cost of revenue (2,717)(3,991)(4,921)
Gross profit: (1,130)(1,023)(1,638)
Operating expenses (3,245)(2,732)(4,125)
Other undisclosed operating income 1,7002,9102,559
Operating loss: (2,674)(845)(3,204)
Interest and debt expense 153877110
Other undisclosed loss from continuing operations before equity method investments, income taxes (5,627)(380)(20,410)
Loss from continuing operations before equity method investments, income taxes: (8,148)(348)(23,504)
Loss from equity method investments (6,186)  
Loss before gain (loss) on sale of properties: (14,334)(348)(23,504)
Other undisclosed net income 6,186  
Net loss: (8,148)(348)(23,504)
Net loss attributable to noncontrolling interest (6,186)  
Other undisclosed net income attributable to parent 6,186  
Net loss attributable to parent: (8,148)(348)(23,504)
Preferred stock dividends and other adjustments (763)(735)(595)
Net loss available to common stockholders, diluted: (8,911)(1,083)(24,099)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Net loss: (8,148)(348)(23,504)
Comprehensive loss, net of tax, attributable to parent: (8,148)(348)(23,504)

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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