CRCE
Circle Energy, Inc.1.2000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.84MP/E (TTM)
-Basic EPS (TTM)
-0.05Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Circle Energy posted a $20,219 net loss for Q2 2025 ended June 30, up 68% y/y from $12,047, driven by higher general and administrative costs like legal and accounting fees, while revenues stayed at zero amid its pre-production phase. The six-month net loss widened to $44,492, a 23% y/y increase from $36,098, with operating cash use easing to $27,139 from $34,363. Cash dipped to $159,885, yet working capital held at $154,434, supporting near-term needs without debt. In May 2025, it renewed a farmout for 75% working interest in the 80-acre C.W. Logsdon Lease in Andrews County, Texas, adding $5,000 in unproven properties. No production yet. Lease terms demand two wells within three years. Oil prices swing wildly.
8-K
Farmout deal secures Texas lease
Circle Energy inked a farmout and joint venture deal with Boa Vista on May 5, 2025, effective May 16, securing 75% working interest in the 80-acre C.W. Logsdon Lease in Andrews County, Texas, after Aspen's rights transfer. The pacts mirror prior terms, with Circle paying $5,000 upfront and $30,000 upon first well spudding, while committing to drill two wells within three years to retain rights. Jointly, they eye 880 acres of mutual interest for shared development. Undeveloped tracts revert to Boa Vista if drilling lags.
10-Q
Q1 FY2025 results
Circle Energy posted a $24.3K net loss for Q1 FY2025 ended March 31, 2025, up slightly from $24.1K a year earlier, driven by steady general and administrative expenses of $24.3K while revenues stayed at zero amid its pre-production phase. Operating cash flow drained $7.7K (derived), leaving quarter-end cash at $184K and working capital at $180K, down from $192K cash at year-start. No debt burdens the balance sheet, but the firm must drill two vertical wells within three years on its 80-acre Texas lease or risk reversion. Post-quarter, it inked a new farmout and joint venture with Boa Vista, LLC, paying $5K upfront plus a $30K spudding fee for a fresh three-year term. Exploration costs loom large.
10-K
FY2024 results
Circle Energy posted a net loss of $63,936 for FY2024 ended December 31, 2024, down from $78,380 in 2023, driven by lower general and administrative expenses of $63,936 versus $78,380, while revenues remained at zero amid its startup phase. With no production from its 75% working interest in an 80-acre Texas lease acquired in 2022, the company focused on maintaining operations and a joint venture for potential expansion, holding $192,024 in cash and $203,926 in working capital at year-end. Q4 showed no operational momentum, as drilling commitments loom without activity. No dividends or buybacks occurred. The firm eyes future acquisitions, but volatility in oil prices threatens funding needs.
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