Filing Flows › Reserve Petroleum (RSRV) › Q1 2026
Reserve Petroleum (RSRV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Reserve Petroleum (RSRV) reported revenue of $5.5M for the first quarter 2026 (Q1 2026), +44% from a year earlier and +13% from the quarter before. Operating margin was 28.8%, net earnings $996K (18.0% of revenue).
Reserve Petroleum, Q1 2026: revenue $5.5M (+44% year over year), operating margin 28.8%, net earnings $996K, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5M | +13% | +44% |
| Operating profit | $1.6M | — | -21% |
| Net earnings | $996K | +82% | -44% |
| Operating cash flow | $2.7M | +7% | +43% |
| Free cash flow | $1.2M | — | — |
What changed
Revenue was $5.5M in Q1 2026, up 44% year over year and up 13% from the previous quarter. Oil Sales was the largest line at 68% of revenue. Oil Sales added $1.1M year over year (up 42%), 66% of the total change. Miscellaneous Oil and Gas Product Sales declined 53%.
Operating profit was $1.6M, a 28.8% margin (down 23.8 points year over year). Operating profit fell $429K even though revenue rose $1.7M versus Q1 2025, so costs grew faster than sales. Total costs grew 116% against revenue growth of 44%. The fastest-growing cost line was Other operating costs (+187%). Net earnings were $1.0M, down 44% year over year. The effective tax rate was 21.1%.
Operating cash flow was $2.7M (up 43% year over year), 274% of net earnings. Working capital and other items added $1.7M. Capital expenditures of $1.6M left free cash flow of $1.2M.
Questions
What was Reserve Petroleum's revenue in the first quarter 2026?
Reserve Petroleum (RSRV) reported revenue of $5.5M for the first quarter 2026 (Q1 2026), +44% from a year earlier and +13% from the quarter before.
Was Reserve Petroleum profitable in the first quarter 2026?
Operating profit was $1.6M (28.8% of revenue) and net earnings $996K.
Source: Reserve Petroleum 10-Q on SEC EDGAR.