Royale Energy Funds Inc
royl.comWhat Do They Do?
Produces and sells oil and natural gas to energy buyers, and sells fractional working interests in wells to investors.
10-K for FY2025, filed Jul 13, 2026Royale Energy, Inc. (“Royale” or the “Company”) is an independent oil and natural gas producer incorporated under the laws of Delaware.…View ↗
Royale and its subsidiaries own wells, leases, and proved and non-proved reserves of oil and natural gas located mainly in Mitchell County…View ↗
Royale acquires interests in oil and natural gas reserves and sponsors private working interest participations. Royale believes that its…View ↗
How Do They Make Money?
Oil and gas buyers typically pay monthly shortly after delivery. Well participants prepay a fixed amount for drilling and completion; any gain or loss depends on how the actual drilling cost compares with that amount, determined when the well reaches contracted depth.
10-K for FY2025, filed Jul 13, 2026The pricing in our hydrocarbon sales agreements are determined using various published benchmarks which are adjusted for negotiated quality…View ↗
Royale also sells fractional working interests in undeveloped wells to finance part of the drilling cost. A drilling contract that calls…View ↗
We frequently sells a portion of the working interest in each well we drill or participate in to third-party investors and retains a…View ↗
$1.9M
-
10-K for FY2025, filed Jul 13, 2026
$1.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Oil and Gas
Sold outright
10-K for FY2025, filed Jul 13, 2026 |
99%
FY2022: 99%
|
Oil and Gas, FY2025
$1.9M Sources
|
Sold outright |
|
Management Service
|
1.1%
FY2022: 1.2%
|
Management Service, FY2025
$20.8K Sources
|
Who Are Their Customers?
Royale sells oil and gas to independent customers, including through pipeline arrangements and contracts with purchasers. It bids gas sales month to month and generally sells to a single customer.
10-K for FY2025, filed Jul 13, 2026Royale currently sells most of its California natural gas production through Pacific Gas & Electric (“PG&E”) pipelines to independent…View ↗
Oil production from the operated Jameson property, in Texas, is sold to Energy Transfer Crude Marketing LLC, less transportation on a…View ↗
We bid our gas sales on a month-to-month basis and generally sell to a single customer without commitment to future gas sales to any…View ↗
Do Revenues Turn Into Profits?
No. It lost $1.3M in FY2025.
10-K for FY2025, filed Jul 13, 2026
−$913.7KView ↗
10-K for FY2025, filed Jul 13, 2026
−$1.3MView ↗
10-K for FY2025, filed Jul 13, 2026
−$4.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 31, 2026
−$813.1KView ↗
- ▲ +34% (Loss)
- vs −$608.6K in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 31, 2026
Open tableView ↗
Growing. Revenue grew 13% in 4 years, from $1.7M in FY2021 to $1.9M in FY2025, about 3% a year.
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