RESERVE PETROLEUM CO (RSRV) Form 10-Q — Aug 14, 2026
The Reserve Petroleum Company reported Q2 2026 net income attributable to common stockholders of $2,549,599 ($16.82 per basic share), up 113% from $1,196,555 ($7.88) in the year-ago quarter. The surge was driven by oil and gas sales rising 54% to $5,348,916, as the average realized oil price jumped to $91.84 per barrel from $56.21 and volumes rose to 45,977 barrels; natural gas sales added 11% growth to $1,039,772. First-half operating cash flow climbed 38% to $6,924,551, cash rose 41% to $2,892,936, and the company maintained its $10.00 per share dividend; it also closed a $1,230,510 commitment for Permian Basin working interests through the new 45%-owned White Whale LLC on July 20, 2026.
Key figures
- Eps
- 16.82
- Revenue
- 6066662
- Net Income
- 2549599
- Total Debt
- 934613
- Total Assets
- 43213797
- Cash Position
- 2892936
- Shares Outstanding
- 151584
- H1 capex
- 4904176
- Total equity
- 36056281
- Q2 revenue 2025
- 3497590
- Grand woods note
- $934,613 at 4%, balloon due November 23, 2026
- Q2 oil gas sales
- 5348916
- Q2 2025 eps basic
- 7.88
- Q2 gas volume mcf
- 362745
- Six month revenue
- 11620476
- Dividend per share
- $10.00 per quarter, unchanged year-over-year
- Q2 oil volume bbls
- 45977
- Six month eps 2025
- 19.6
- Six month eps basic
- 23.46
- H1 impairment losses
- 366540
- Q2 realized gas price
- $2.87/MCF
- Q2 realized oil price
- $91.84/Bbl vs $56.21/Bbl in Q2 2025
- White whale commitment
- 1230510
- Q2 oil gas sales growth
- +54%
- Six month net income 2025
- 2974716
- Treasury program remaining
- 1717120
- Six month dividends declared
- 1515944
- Six month operating cash flow
- 6924551
- Q2 2025 net income attributable
- 1196555
- Six month net income attributable
- 3556416
AI analysis
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