Filing Flows › Reserve Petroleum (RSRV) › Q1 2025
Reserve Petroleum (RSRV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Reserve Petroleum (RSRV) reported revenue of $3.9M for the first quarter 2025 (Q1 2025), +28% from a year earlier and -13% from the quarter before. Operating margin was 52.6%, net earnings $1.8M (45.9% of revenue).
Reserve Petroleum, Q1 2025: revenue $3.9M (+28% year over year), operating margin 52.6%, net earnings $1.8M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9M | -13% | +28% |
| Operating profit | $2.0M | — | +115% |
| Net earnings | $1.8M | — | +143% |
| Operating cash flow | $1.9M | -20% | +19% |
What changed
Revenue was $3.9M in Q1 2025, up 28% year over year and down 13% from the previous quarter. Oil Sales was the largest line at 69% of revenue. Natural Gas Sales added $609K year over year (up 118%), 73% of the total change.
Operating profit was $2.0M, a 52.6% margin (up 21.4 points year over year). Of the extra revenue versus a year earlier, 129% reached operating profit, above the 31% margin then. Total costs fell 12% while revenue rose 28%. Net earnings were $1.8M, up 143% year over year. The effective tax rate was 23.6%.
Operating cash flow was $1.9M (up 19% year over year), 108% of net earnings. Working capital and other items added $139K. Capital expenditures of $2.3M exceeded it, leaving free cash flow of −$430K.
Questions
What was Reserve Petroleum's revenue in the first quarter 2025?
Reserve Petroleum (RSRV) reported revenue of $3.9M for the first quarter 2025 (Q1 2025), +28% from a year earlier and -13% from the quarter before.
Was Reserve Petroleum profitable in the first quarter 2025?
Operating profit was $2.0M (52.6% of revenue) and net earnings $1.8M.
Source: Reserve Petroleum 10-Q on SEC EDGAR.