Financial Snapshot

Revenue
$14.88M
TTM
Gross Margin
69.82%
TTM
Net Earnings
$1.945M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
4139.41%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$32.60M
Q3 2024
Cash
Q3 2024
P/E
12.72
Nov 12, 2024 EST
Free Cash Flow
$3.895M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $13.38M $16.17M $9.116M $4.082M $6.628M $8.327M $6.310M $6.291M $8.451M $21.17M $18.81M $15.13M $12.96M $13.83M $9.010M $20.71M $14.33M $9.930M
YoY Change -17.28% 77.38% 123.33% -38.41% -20.4% 31.98% 0.29% -25.56% -60.08% 12.53% 24.32% 16.74% -6.29% 53.5% -56.49% 44.52% 44.31%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $13.38M $16.17M $9.116M $4.082M $6.628M $8.327M $6.310M $6.291M $8.451M $21.17M $18.81M $15.13M $12.96M $13.83M $9.010M $20.71M $14.33M $9.930M
Cost Of Revenue $5.456M $3.640M $2.722M $1.878M $2.334M $2.392M $2.190M $2.141M $2.601M $3.378M $3.010M $2.410M $2.040M $1.940M $1.610M $2.270M $1.670M $1.060M
Gross Profit $7.920M $12.53M $6.395M $2.204M $4.294M $5.936M $4.120M $4.150M $5.850M $17.79M $15.80M $12.72M $10.92M $11.89M $7.400M $18.43M $12.66M $8.870M
Gross Profit Margin 59.21% 77.49% 70.14% 53.99% 64.78% 71.28% 65.29% 65.97% 69.22% 84.04% 84.0% 84.07% 84.26% 85.97% 82.13% 88.99% 88.35% 89.33%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $2.607M $2.083M $2.311M $1.799M $1.722M $1.680M $1.621M $1.581M $1.640M $1.665M $1.600M $1.600M $1.420M $1.410M $1.430M $1.460M $1.300M $1.060M
YoY Change 25.18% -9.89% 28.47% 4.5% 2.5% 3.61% 2.54% -3.62% -1.47% 4.03% 0.0% 12.68% 0.71% -1.4% -2.05% 12.31% 22.64%
% of Gross Profit 32.91% 16.62% 36.14% 81.63% 40.09% 28.29% 39.35% 38.09% 28.04% 9.36% 10.13% 12.58% 13.0% 11.86% 19.32% 7.92% 10.27% 11.95%
Research & Development $708.8K $474.8K $687.7K $161.3K $709.8K $195.1K $883.6K $429.2K $584.7K $1.284M $660.0K $320.0K $320.0K $560.0K $990.0K $140.0K $240.0K $800.0K
YoY Change 49.3% -30.96% 326.34% -77.28% 263.77% -77.92% 105.86% -26.59% -54.48% 94.62% 106.25% 0.0% -42.86% -43.43% 607.14% -41.67% -70.0%
% of Gross Profit 8.95% 3.79% 10.75% 7.32% 16.53% 3.29% 21.45% 10.34% 10.0% 7.22% 4.18% 2.52% 2.93% 4.71% 13.38% 0.76% 1.9% 9.02%
Depreciation & Amortization $3.502M $2.802M $2.755M $3.316M $2.779M $2.104M $2.133M $2.720M $7.092M $6.135M $4.330M $3.350M $2.350M $2.380M $2.090M $2.380M $1.410M $1.190M
YoY Change 25.0% 1.71% -16.92% 19.3% 32.11% -1.38% -21.57% -61.65% 15.59% 41.68% 29.25% 42.55% -1.26% 13.88% -12.18% 68.79% 18.49%
% of Gross Profit 44.22% 22.36% 43.08% 150.46% 64.73% 35.44% 51.79% 65.53% 121.22% 34.48% 27.41% 26.34% 21.52% 20.02% 28.24% 12.91% 11.14% 13.42%
Operating Expenses $6.818M $5.392M $4.080M $2.842M $4.387M $6.370M $6.828M $6.871M $11.92M $12.46M $6.580M $5.270M $4.090M $4.350M $4.510M $3.990M $2.950M $3.050M
YoY Change 26.45% 32.17% 43.57% -35.23% -31.12% -6.7% -0.62% -42.35% -4.37% 89.39% 24.86% 28.85% -5.98% -3.55% 13.03% 35.25% -3.28%
Operating Profit $1.102M $6.430M $640.9K -$3.156M -$1.005M $1.957M -$518.3K -$579.5K -$3.466M $8.706M $9.220M $7.450M $6.830M $7.540M $2.890M $14.44M $9.710M $5.820M
YoY Change -82.86% 903.27% -120.31% 213.87% -151.37% -477.63% -10.56% -83.28% -139.82% -5.57% 23.76% 9.08% -9.42% 160.9% -79.99% 48.71% 66.84%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense $1.018M $34.52K $734.7K $636.0K $486.0K $127.0K $552.6K $239.6K -$31.13K -$102.5K $220.0K $60.00K $0.00 $230.0K $240.0K $310.0K $260.0K $340.0K
YoY Change 2847.95% -95.3% 15.51% 30.86% 282.85% -77.03% 130.62% -869.74% -69.62% -146.58% 266.67% -100.0% -4.17% -22.58% 19.23% -23.53%
% of Operating Profit 92.35% 0.54% 114.64% 6.49% -1.18% 2.39% 0.81% 0.0% 3.05% 8.3% 2.15% 2.68% 5.84%
Other Income/Expense, Net -$7.190K -$1.185M $709.6K $775.1K $46.16K $47.72K $47.14K $47.53K $48.05K $45.05K $40.00K $50.00K $10.00K $10.00K $10.00K $10.00K $350.0K $40.00K
YoY Change -99.39% -267.03% -8.45% 1579.23% -3.28% 1.23% -0.82% -1.07% 6.66% 12.62% -20.0% 400.0% 0.0% 0.0% 0.0% -97.14% 775.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income -$260.9K $5.046M $1.196M -$2.491M -$489.8K $2.702M $103.1K -$257.1K -$3.358M $8.880M $7.970M $6.210M $7.090M $7.120M $1.820M $13.30M $10.45M $5.750M
YoY Change -105.17% 321.73% -148.04% 408.44% -118.13% 2520.21% -140.1% -92.34% -137.81% 11.42% 28.34% -12.41% -0.42% 291.21% -86.32% 27.27% 81.74%
Income Tax -$171.4K $1.073M -$54.89K -$534.3K -$223.1K $387.9K -$582.6K -$172.9K -$1.473M $2.117M $1.900M $1.650M $1.820M $1.870M $210.0K $3.650M $2.920M $1.480M
% Of Pretax Income 21.26% -4.59% 14.36% -565.04% 23.84% 23.84% 26.57% 25.67% 26.26% 11.54% 27.44% 27.94% 25.74%
Net Earnings -$55.65K $4.001M $1.251M -$1.956M -$266.8K $2.314M $685.7K -$84.23K -$1.885M $6.763M $6.070M $4.550M $5.280M $5.250M $1.610M $9.650M $7.530M $4.270M
YoY Change -101.39% 219.73% -163.96% 633.33% -111.53% 237.43% -914.11% -95.53% -127.88% 11.41% 33.41% -13.83% 0.57% 226.09% -83.32% 28.15% 76.35%
Net Earnings / Revenue -0.42% 24.74% 13.73% -47.92% -4.02% 27.78% 10.87% -1.34% -22.31% 31.95% 32.27% 30.07% 40.74% 37.96% 17.87% 46.6% 52.55% 43.0%
Basic Earnings Per Share -$0.36 $25.62 $8.00
Diluted Earnings Per Share -$0.36 $25.62 $7.997M -$12.49M -$1.702M $14.69M $4.346M -$532.7K -$11.89M $42.55M $37.94M $28.44M $33.00M $32.81M $10.06M $60.31M $47.06M $26.69M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments $10.10M $13.81M $19.27M $20.24M $21.80M $23.13M $21.70M $21.99M $22.99M $22.30M $18.01M $17.88M $17.20M $16.49M $17.47M $16.77M $14.02M $9.090M
YoY Change -26.84% -28.34% -4.78% -7.17% -5.75% 6.6% -1.32% -4.35% 3.08% 23.84% 0.73% 3.95% 4.31% -5.61% 4.17% 19.61% 54.24%
Cash & Equivalents $5.218M $7.299M $10.13M $16.19M $2.738M $6.429M $4.768M $8.072M $13.94M $15.20M $10.76M $10.84M $10.15M $2.940M $1.050M $1.430M $1.230M $1.320M
Short-Term Investments $4.885M $6.512M $9.142M $4.052M $19.06M $16.70M $16.93M $13.92M $9.053M $7.100M $7.240M $7.040M $7.050M $13.55M $16.42M $15.34M $12.78M $7.760M
Other Short-Term Assets $0.00 $10.00K $0.00 $200.0K $0.00 $100.0K $0.00
YoY Change -100.0% -100.0% -100.0%
Inventory
Prepaid Expenses
Receivables $2.367M $2.318M $1.363M $794.2K $968.4K $846.4K $829.8K $764.6K $644.9K $2.142M $2.450M $1.740M $1.900M $1.800M $1.440M $1.740M $2.310M $2.620M
Other Receivables $317.8K $120.2K $823.4K $496.8K $110.0K $234.5K $501.8K $536.8K $488.0K $154.4K $340.0K $510.0K $820.0K $280.0K $320.0K $1.000M $0.00 $50.00K
Total Short-Term Assets $12.79M $16.25M $21.46M $21.53M $22.88M $24.21M $23.03M $23.29M $24.12M $24.69M $20.80M $20.14M $19.92M $18.58M $19.43M $19.51M $16.43M $11.75M
YoY Change -21.3% -24.27% -0.33% -5.9% -5.51% 5.13% -1.12% -3.45% -2.28% 18.69% 3.28% 1.1% 7.21% -4.37% -0.41% 18.75% 39.83%
Property, Plant & Equipment $15.45M $14.92M $7.558M $7.477M $9.514M $11.18M $10.65M $10.93M $12.22M $18.07M $18.52M $14.63M $12.63M $9.010M $8.490M $8.740M $7.690M $5.130M
YoY Change 3.52% 97.44% 1.08% -21.41% -14.94% 5.04% -2.56% -10.59% -32.35% -2.44% 26.59% 15.84% 40.18% 6.12% -2.86% 13.65% 49.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.151M $7.555M $4.218M $3.020M $2.643M $2.571M $2.624M $2.729M $1.842M $1.025M $770.0K $750.0K $670.0K $640.0K $620.0K $580.0K $440.0K $460.0K
YoY Change 7.89% 79.13% 39.65% 14.27% 2.8% -2.03% -3.85% 48.21% 79.6% 33.17% 2.67% 11.94% 4.69% 3.23% 6.9% 31.82% -4.35%
Other Assets $112.4K $120.5K $687.1K $0.00 $380.0K $360.0K $360.0K $360.0K $350.0K $330.0K $320.0K $310.0K
YoY Change -6.68% -82.47% -100.0% 5.56% 0.0% 0.0% 2.86% 6.06% 3.13% 3.23%
Total Long-Term Assets $23.60M $22.48M $11.89M $10.62M $12.84M $13.76M $13.27M $13.66M $14.06M $19.48M $19.66M $15.74M $13.67M $10.01M $9.460M $9.650M $8.450M $5.900M
YoY Change 4.99% 89.08% 11.96% -17.34% -6.63% 3.64% -2.82% -2.89% -27.81% -0.89% 24.9% 15.14% 36.56% 5.81% -1.97% 14.2% 43.22%
Total Assets $36.39M $38.73M $33.35M $32.15M $35.72M $37.97M $36.30M $36.95M $38.19M $44.17M $40.46M $35.88M $33.59M $28.59M $28.89M $29.16M $24.88M $17.65M
YoY Change
Accounts Payable $537.8K $399.7K $261.1K $248.1K $156.8K $318.4K $235.0K $161.8K $225.7K $819.0K $370.0K $520.0K $280.0K $180.0K $310.0K $210.0K $300.0K $110.0K
YoY Change 34.54% 53.09% 5.27% 58.23% -50.76% 35.48% 45.29% -28.32% -72.45% 121.35% -28.85% 85.71% 55.56% -41.94% 47.62% -30.0% 172.73%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $142.1K $136.6K
YoY Change 4.03%
Total Short-Term Liabilities $692.8K $612.1K $523.7K $263.5K $182.0K $343.6K $260.2K $187.3K $251.6K $1.082M $710.0K $730.0K $570.0K $430.0K $510.0K $430.0K $840.0K $690.0K
YoY Change 13.19% 16.88% 98.74% 44.77% -47.03% 32.04% 38.92% -25.56% -76.75% 52.43% -2.74% 28.07% 32.56% -15.69% 18.6% -48.81% 21.74%
Long-Term Debt $1.159M $1.301M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -10.93%
Other Long-Term Liabilities $2.566M $2.809M $2.472M $1.930M $2.498M $2.832M $3.003M $2.989M $3.085M $3.097M $2.880M $2.700M $2.410M $2.300M $1.710M $2.130M $1.170M $600.0K
YoY Change -8.65% 13.63% 28.08% -22.72% -11.79% -5.72% 0.48% -3.12% -0.39% 7.54% 6.67% 12.03% 4.78% 34.5% -19.72% 82.05% 95.0%
Total Long-Term Liabilities $3.725M $4.110M $2.472M $1.930M $2.498M $2.832M $3.003M $2.989M $3.085M $3.097M $2.880M $2.700M $2.410M $2.300M $1.710M $2.130M $1.170M $600.0K
YoY Change -9.37% 66.25% 28.08% -22.72% -11.79% -5.72% 0.48% -3.12% -0.39% 7.54% 6.67% 12.03% 4.78% 34.5% -19.72% 82.05% 95.0%
Total Liabilities $5.838M $6.491M $3.547M $2.762M $3.597M $4.386M $4.182M $4.687M $4.963M $7.429M $7.130M $6.700M $5.710M $4.320M $3.350M $3.520M $2.330M $1.520M
YoY Change -10.06% 82.99% 28.41% -23.2% -17.98% 4.88% -10.79% -5.56% -33.19% 4.19% 6.42% 17.34% 32.18% 28.96% -4.83% 51.07% 53.29%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding 155.9K shares 156.2K 156.5K
Diluted Shares Outstanding 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $24.74 Million

About RESERVE PETROLEUM CO

The Reserve Petroleum Co. engages in the oil and natural gas exploration and development. The company is headquartered in Oklahoma City, Oklahoma and currently employs 7 full-time employees. The firm is engaged in oil and natural gas exploration, development, and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming. The Company’s principal properties are oil and natural gas properties. The company has interests in approximately 879 producing properties with 76% of them being working interest properties and the remaining 24% being royalty interest properties. The company owns non-producing mineral interests of 88,214 net acres out of 256,534 gross acres. These mineral interests are in twelve different states in the north and south-central United States. A total of 81,080 (92%) net acres are in the states of Arkansas, Kansas, Oklahoma, South Dakota, Texas and Wyoming, the areas of concentration for the Company in its exploration and development programs. Its subsidiaries include Grand Woods Development, LLC and Trinity Water Services, LLC.

Industry: Crude Petroleum & Natural Gas Peers: Chesapeake Granite Wash Trust Conocophillips ECA Marcellus Trust I Riskon International Inc Houston American Energy Corp VIKING ENERGY GROUP, INC. Mesa Royalty Trust Mexco Energy Corp