Reserve Petroleum Co
reserve-petro.comWhat Do They Do?
Sells oil and natural gas produced from its mineral and leasehold interests to energy purchasers, while managing those properties and participating in exploration and drilling.
10-K for FY2025, filed Mar 31, 2026The Reserve Petroleum Company (the “Company,” “we,” “our” or “us”) is engaged principally in managing its owned mineral properties and the…View ↗
Development drilling by the Company is usually initiated by participating as a working interest owner with a third-party operator in the…View ↗
Our exploration program is normally conducted by purchasing interests in prospects developed by independent third parties; participating in…View ↗
Oil and gas sales and resulting receivables are recognized when the product is delivered to the purchaser and title has transferred. Sales…View ↗
How Do They Make Money?
Energy purchasers pay for delivered oil and natural gas at prices tied to local indices and volumes; well operators remit the company’s share after delivery. Miscellaneous oil and gas product sales are also delivery-based.
10-K for FY2025, filed Mar 31, 2026Oil and gas sales and resulting receivables are recognized when the product is delivered to the purchaser and title has transferred. Sales…View ↗
The Company's revenues are primarily derived from its interests in the sale of oil and natural gas production. Each barrel of oil or…View ↗
The Company's contracts with customers originate at or near the time of delivery and transfer of control of oil and natural gas to the…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service ↗
$16.7M
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10-K for FY2025, filed Mar 31, 2026
$16.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Oil Sales
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
69%
FY2022: 67%
|
Oil Sales, FY2025
$11.5M Sources
|
Sold outright |
|
Natural Gas Sales
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
29%
FY2022: 29%
|
Natural Gas Sales, FY2025
$4.8M Sources
|
Sold outright |
|
Miscellaneous Oil and Gas Product Sales
Sold outright
|
2.1%
FY2022: 3.7%
|
Miscellaneous Oil and Gas Product Sales, FY2025
$347.8K Sources
|
Sold outright |
Who Are Their Customers?
Energy purchasers buy oil and gas through sales contracts negotiated by well operators, who deliver production and remit the company’s share; most sales use short-term contracts tied to spot prices.
10-K for FY2025, filed Mar 31, 2026
Do Revenues Turn Into Profits?
Yes. It kept 29 cents of every revenue dollar as net income in FY2025.
How Are They Changing?
10-Q for Q2 FY2025, filed Aug 14, 2026
Open tableView ↗
Growing. Revenue grew 83% in 4 years, from $9.1M in FY2021 to $16.7M in FY2025, about 16% a year.
Water well drilling
The earlier report describes a water well drilling joint venture with TWS South; the latest says its contract was terminated, and water well drilling services ceased.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 31, 2026The Company’s wholly owned consolidated subsidiary, Trinity Water Services, LLC, an Oklahoma limited liability company, has a water well…View ↗
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