CRCE
Circle Energy, Inc.1.2000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.84MP/E (TTM)
-Basic EPS (TTM)
-0.05Dividend Yield
0%Recent Filings
8-K
Strategic transaction update issued
Circle Energy issued a shareholder letter on March 25, 2026, updating its ongoing search for strategic transactions after filing its 2025 10-K. No deals have closed; preliminary opportunities persist but lack definitive agreements. We're disciplined. Forward-looking statements warn no transaction is assured, with risks detailed in SEC filings.
10-K
FY2025 results
Circle Energy posted FY2025 net loss of $73,663 on zero revenue, up from $63,936 in 2024, driven by higher legal costs for acquisition evaluations while holding 60 net undeveloped acres in Andrews County, Texas, with no proved reserves or producing wells. G&A rose to $73,663, matching the net loss. Cash dwindled to $111,201 by year-end. No quarterly breakdowns disclosed. No dividends or buybacks. Commodity price volatility threatens development.
10-Q
Q3 FY2025 results
Circle Energy posted a Q3 operating loss of $16,888, up 10.5% y/y from $15,273, driven by higher general and administrative costs like legal and accounting fees, while nine-month loss widened to $61,380 from $51,371. No revenues yet as unproven Texas properties await development. Cash dipped to $144K from $192K year-end after $43K ops outflow and $5K farmout spend; no debt, ample working capital. Extended C.W. Logsdon farmout May 2025 for 75% working interest in 80-acre Andrews County tract, must drill two wells in three years. Properties not subject to amortization. Cash burn continues. Oil prices swing wildly.
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.
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