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BALCAO · CRUDE PETROLEUM & NATURAL GAS · SMALL CAP

Royale Energy, Inc. ROYL

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.9M
▼ 13.9% YoY
$-1.3M
$-4.2M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Royale’s principal lines of business are the production and sale of oil and natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of both exploratory and development wells, and sales of fractional working interests in wells to be drilled by Royale. Royale was incorporated in Delaware in 2017 and is the successor by merger (as described below) to Royale Energy Funds, Inc., a California corporation formed in 1983. On December 31, 2025, Royale and its consolidated subsidiaries had 11 full-time employees. Royale and its subsidiaries own wells, leases, and proved and non-proved reserves of oil and natural gas located mainly in Mitchell County and Ector County, Texas and in the Sacramento Basin and San Joaquin Basin in California, as well as in, Oklahoma. Royale also owns an overriding royalty interest in a non-producing well in Alaska. In 2025, Royale participated in the drilling of one gross (0.0035 net) wells, which was commercially productive.

Written from the business description in Royale Energy, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 13 July 2026. Every sentence was checked against that document before publication.

Growth

USD 1.9M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 1.9 · Net income -1.3
2M3M-10M-20M
2017202020232025
Compound annual growth
−9.7%
+4.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.2% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−64 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -46.9% · Net -64.3%
-200%-400%-600%
201720212025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -4.2
-2M-3M
201720212025

Total assetsUSD 17.0M
EquityUSD -13.4M
CashUSD 1.1M
Current ratio0.48×

Equity funds -79% of total assets.

The 9-year record

9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ROYL, 9-year financial record
Metric 202520242023202220212020201920182017
Revenue $B0.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0◌◌◌◌◌◌◌
EPS, diluted $−0.01−0.03−0.04−0.02−0.06−0.17−0.02−0.55−0.11
Dividend / sh $◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————
ROE %——————−22.1——
Shares out B0.100.100.070.060.060.050.050.050.02

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 37 reconciliationsAUDITED

Reconciled in 9 of the 9 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. 10 checks were skipped: EPS is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityCrude Petroleum & Natural Gas
Listed onOTC market
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2016

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