Loading...
Docoh

Reserve Petroleum (RSRV)

The Reserve Petroleum Company (the “Company,” “we,” “our” or “us”) is engaged principally in managing its owned mineral properties and the exploration for and the development of oil and natural gas properties. Other business segments are not significant factors in our operations. The Company is a corporation organized under the laws of the State of Delaware in 1931.

Company profile

Ticker
RSRV
Exchange
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
730237060

Calendar

16 May 22
9 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 9.9M 9.9M 9.9M 9.9M 9.9M 9.9M
Cash burn (monthly) 76.09K 602.15K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 327.54K 2.59M n/a n/a n/a n/a
Cash remaining 9.57M 7.31M n/a n/a n/a n/a
Runway (months of cash) 125.8 12.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

?
Management Discussion
  • This discussion and analysis should be read with reference to a similar discussion in the 2021 Form 10-K, as well as the consolidated financial statements included in this Form 10-Q.
  • This discussion and analysis includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give the Company’s current expectations of future events. They include statements regarding the drilling of oil and gas wells, the production that may be obtained from oil and gas wells, cash flow and anticipated liquidity and expected future expenses.
  • Although management believes the expectations in these and other forward-looking statements are reasonable, we can give no assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Factors that would cause actual results to differ materially from expected results are described under “Forward-Looking Statements” on page 3 of the 2021 Form 10-K.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: ability, adjustment, aggregation, Beachy, brokerage, casing, conflict, converted, created, depending, disruption, February, focused, hospitality, January, leisure, manner, marketplace, military, mobile, MooveGuru, national, nearby, partially, pending, personnel, point, predict, proceed, residential, Russia, scheduled, secure, set, space, squarefoot, successfully, supply, TheSquareFoot, TWSOK, TWSTX, Ukraine, uncertainty, unproved
Removed: abandoned, acreage, audited, CNG, commodity, Compressed, conducting, conform, conservative, conversion, covering, Creek, Crockett, debt, declared, decline, delivery, derived, diluted, distancing, evaluate, fourth, Health, heavy, imposing, intention, issued, joint, Kingfisher, lead, lesser, NG, Ocean, Organization, outbreak, participating, partner, pilot, prepaid, previously, processing, profitability, project, protect, reclassified, recovered, recovery, reduction, retail, Robertson, royalty, seismic, sell, shallow, shut, significantly, social, statement, storage, strategy, test, testing, thermal, timing, travel, underground, underlain, Val, venture, Verde, zone
Registration and prospectus
No filings