MARKETS / BALCAO / RSRV

BALCAO · CRUDE PETROLEUM & NATURAL GAS · SMALL CAP

Reserve Petroleum Co. RSRV

16 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$16.7M

▲ 10.3% YoY

Net income

$4.9M

▲ 144.8% YoY

In brief

What this company does

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. The Company is a corporation organized under the laws of the State of Delaware in 1931. We have non-producing mineral interests of 88,868 net acres. A substantial amount of our oil and gas revenue resulted from our owned mineral property management. At December 31, 2025, we had eight employees including officers, all of whom work in our corporate office.

Written from the business description in The Reserve Petroleum Company's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 16.7M

Revenue, FY2025 · full 16-year series below

Revenue $M Net income $M

FY2025 · Revenue 16.7 · Net income 4.9

Compound annual growth

Revenue

+3.9%

+33.1%

+7.0%

+1.3%

Net income

+6.7%

−0.5%

EPS, diluted

−18.3%

−13.2%

Returned to shareholders

+0.2%

+14.9%

−0.6%

−8.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +33.1% a year over five years.

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

29 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 25.7% · Net 29.1%

ROE

FY2025 · ROE 15.2%

Gross margin—

Operating margin25.7%

Net margin29.1%

Return on assets12.5%

EBITDAUSD 4.3M

Each USD of equity produced 15 cents of profit this year.

Cash & shareholders

USD 1.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2012 · FCF 3.3

Net buybacks $M Dividends $M

FY2025 · Dividends 1.5 · Net buybacks 0.1

Dividends paidUSD 1.5M

Net buybacksUSD 55,265.00

Share of profit32.3%

Consecutive raises1 years

USD 1.5M in dividends and USD 55,265.00 in buybacks — 32% of the year's profit went back to shareholders.

Total assetsUSD 41.6M

EquityUSD 33.8M

CashUSD 2.1M

Current ratio4.49×

Equity funds 81% of total assets.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating income $B	0.0	0.0	−0.0	0.0	0.0	−0.0	−0.0	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	0.0	0.0	0.0	0.0	0.0	0.0	·
Income tax $B	0.0	0.0	−0.0	0.0	−0.0	−0.0	−0.0	0.0	−0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	−0.0	0.0	0.0	−0.0	−0.0	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	0.0
EPS, diluted $	·	·	·	·	8.00	−12.49	−1.70	14.69	4.35	−0.53	−11.89	42.55	37.90	28.30	32.77	32.51
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	20.00	10.00	·
Payout %	31	78	−1743	39	63	−40	−554	41	122	−1094	−86	46	29	68	31	115
ROE %	15.2	6.5	−0.3	12.9	4.2	−6.4	−0.8	7.0	2.1	−0.3	−5.4	19.3	19.4	16.0	20.2	21.6
Shares out B	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

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

Provenance

Company facts, as filed

How we verify · 1 failures · 1 divergences in 63 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 26 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures1 divergent

ActivityCrude Petroleum & Natural Gas

Listed onOTC market

Incorporated inDelaware

Fiscal year endsDecember 31

SEC categorysmaller reporting company

Data on record since2010