Filing Flows › Energy › Ridgewood Energy T Fund LLC
Ridgewood Energy T Fund LLC earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026
Q3 2026 Revenue up 51% year over year to $487K · 35¢ of every $1 of revenue kept as net profit · operating margin 31.2%
Ridgewood Energy T Fund LLC made $487K in Q3 2026 (+51% Y/Y). Operating margin 31.2%, net earnings $169K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
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What changed this quarter
Revenue was $487K in Q3 2026, up 51% year over year and down 3% from the previous quarter.
Operating profit was $152K, a 31.2% margin (up 70.0 points year over year). Total costs fell 25% while revenue rose 51%. Net earnings were $169K. The effective tax rate was 0.0%.
Operating cash flow was $221K (up 570% year over year), 131% of net earnings. Working capital and other items added $52K. Capital expenditures of $255K exceeded it, leaving free cash flow of −$34K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $487K | +51% | 31.2% | $169K | $221K |
| Q2 2026 | 10-Q | Aug 6, 2026 | $500K | +27% | 42.4% | $231K | $460K |
| Q1 2026 | 10-Q | May 5, 2026 | $255K | -42% | 16.5% | $61K | $27K |
| Q4 2025 | 10-K | Feb 26, 2026 | $267K | -41% | -25.5% | −$46K | $35K |
| Q3 2025 | 10-Q | Nov 4, 2025 | $322K | -38% | -38.8% | −$104K | $33K |
| Q2 2025 | 10-Q | Aug 7, 2025 | $393K | -39% | -32.6% | −$108K | $64K |
| Q1 2025 | 10-Q | May 5, 2025 | $438K | -15% | 18.9% | $102K | $283K |
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About Ridgewood Energy T Fund LLC
The Fund is a Delaware limited liability company (“LLC”) formed on April 12, 2006 to primarily acquire interests in oil and natural gas properties located in the United States offshore waters of Texas, Louisiana and Alabama in the Gulf of Mexico. The Fund initiated its private placement offering on June 15, 2006, selling whole and fractional shares of LLC membership interests (“Shares”), primarily at $150 thousand per whole Share. There is no public market for the Shares and one is not likely to develop. In addition, the Shares are subject to material restrictions on transfer and resale and cannot be transferred or resold except in accordance with the Fund’s limited liability company agreement (the “LLC Agreement”) and applicable federal and state securities laws. The private placement offering was terminated on October 31, 2006.
In its own words, from its 10-K, filed Feb 26, 2025.
Ridgewood Energy T Fund LLC against its Oil & Gas Field Exploration Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +51% against the peers' median +52%. Operating margin: 31.2% against the peers' median 33.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Ridgewood Energy T Fund LLC | Q3 2026 | $487K | +51% | 31.2% |
| DWSN Dawson Geophysical | Q2 2026 | $17.9M | +82% | -16.9% |
| Ridgewood Energy O Fund LLC | Q3 2026 | $1.8M | +56% | 42.0% |
| Ridgewood Energy y Fund LLC | Q3 2026 | $1.6M | +57% | 46.0% |
| Ridgewood Energy X Fund, LLC | Q3 2026 | $943K | +60% | 45.6% |
| Ridgewood Energy W Fund LLC | Q3 2026 | $889K | +52% | 29.0% |
| Ridgewood Energy Q Fund LLC | Q3 2026 | $698K | +52% | 39.4% |
| Ridgewood Energy V Fund LLC | Q3 2026 | $574K | +51% | 33.3% |
| Ridgewood Energy S Fund LLC | Q3 2026 | $518K | +51% | 30.9% |
Source: Ridgewood Energy T Fund LLC 10-Q on SEC EDGAR · CIK 1364397 · Oil & Gas Field Exploration Services