Reserve Petroleum Co., a company engaged in oil and natural gas exploration and development, has released its Form 10-Q report for the six months ended June 30, 2025. The report highlights significant improvements in both financial and operational performance, driven by increased natural gas sales and strategic asset management.

Financial Highlights

Total Operating Revenues: $7.81 million, increased by 4% compared to the same period in 2024, driven by higher natural gas sales.Income from Operations: $2.91 million, reflecting a 47% increase due to reduced operating costs and expenses.Net Income Attributable to Common Stockholders: $2.97 million, up 66% from the prior year, primarily due to increased natural gas sales and gains on the disposition of oil and gas properties.Net Income Per Share, Basic: $19.60, an increase of $8.07 from the same period in 2024, reflecting improved profitability.Operating Costs and Expenses: $4.89 million, decreased by 11% due to lower exploration and water well drilling costs.

Business Highlights

Revenue Segments: The company’s oil and gas sales, lease bonuses, and other revenues totaled $7,805,705 for the six months ended June 30, 2025, compared to $6,848,266 in the same period in 2024. This increase was driven by higher natural gas sales and miscellaneous oil and gas product sales.Sales Units: The volume of oil sold increased by 10,724 barrels to 83,398 barrels in the six months ended June 30, 2025. Natural gas sales volume also rose significantly by 156,679 MCF to 590,863 MCF, reflecting increased production and sales efforts.Geographical Performance: The company operates in several regions, including Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming, focusing on oil and natural gas exploration and development. The report highlights overall segment growth.Operational Efficiency: The company achieved a gain on the disposition of oil and gas properties amounting to $615,375 in the six months ended June 30, 2025, indicating effective asset management and strategic property sales.Future Outlook: Management anticipates continued fluctuations in spot market prices for oil and natural gas, which will impact future sales and revenue. The company remains focused on leveraging its existing assets and exploring new opportunities in its core operational regions.

SEC Filing: RESERVE PETROLEUM CO [ RSRV ] – 10-Q – Aug. 14, 2025