RSRV
The Reserve Petroleum Company175.00
-8.90-4.84%
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
26.56MP/E (TTM)
9.25Basic EPS (TTM)
18.92Dividend Yield
0.05%Recent Filings
10-Q
10-Q
Q2 FY2025 results
The Reserve Petroleum Company posted solid Q2 FY2025 results, with operating revenues dipping 10% y/y to $3.5M on softer oil prices, yet income from operations held steady at $887K while net income attributable to common stockholders climbed 14% y/y to $1.2M, or $7.88 per basic share—fueled by a $562K other income boost from equity securities. For the half-year, revenues surged 4% y/y to $7.8M, driven by 80% higher natural gas sales, lifting net income 67% y/y to $3.0M, or $19.60 per share, on 152K weighted average shares. Cash from operations hit $5.0M, funding $6.1M in property buys and $3.1M in dispositions; quarter-end cash stood at $3.8M, with $1.1M debt on a 4% note maturing 2026, fully guaranteed by the company. Grand Woods VIE added real estate exposure but ties up liquidity via covenants. Oil price swings remain a key watch.
8-K
Annual meeting and dividend declared
The Reserve Petroleum Company held its 2025 annual meeting on May 20, electing all eight director nominees with strong support, while ratifying HoganTaylor LLP as auditors for 2025 and approving executive compensation on an advisory basis—favoring triennial votes. That same day, the board declared a $10.00 per share cash dividend, payable June 17 to shareholders of record June 4. This payout underscores steady returns for investors amid routine governance wins.
10-Q
Q1 FY2025 results
The Reserve Petroleum Company posted solid Q1 FY2025 results, with operating revenues climbing 19% year-over-year to $4.3M, fueled by oil and gas sales up 28% to $3.9M on higher natural gas volumes and prices, while water well drilling vanished after termination. Operating income surged 120% to $2.1M, aided by a $492K gain on property sales and lower exploration costs, though DD&A rose 78% with new production; net income hit $1.8M, or $11.71 per basic share. Cash from operations grew 19% to $1.9M, lifting cash to $5.2M after $1.6M in property disposals offset $2.3M capex, with free cash flow at $569K (derived). Debt remains low at $1.1M on a 4% note maturing 2026, fully secured by Grand Woods property and company-guaranteed. Ongoing TWS litigation risks collections from a terminated venture.
10-K
FY2024 results
The Reserve Petroleum Company swung to net income of $2.0 million in FY2024 ended December 31, 2024, up from a $56 thousand loss in 2023, driven by 21% higher oil and gas sales reaching $15.1 million on increased volumes despite softer prices. Oil production climbed 24% year-over-year to 166 thousand barrels at $72.35 per barrel, while gas volumes rose 30% to 999 thousand MCF at $2.72 per MCF; working interest reserves expanded with 136 thousand barrels in oil extensions and discoveries offsetting production. Yet Q4 momentum faltered amid spot market volatility, with impairments hitting $1.9 million on proved properties. Operating cash flow surged 42% to $7.9 million, funding $9.7 million in property investments and a steady $10 per share dividend, leaving $3.9 million in cash. No 2025 guidance disclosed. Volatility in spot prices threatens quarterly output stability.
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