Filing Flows › Reserve Petroleum (RSRV) › Q4 2024
Reserve Petroleum (RSRV) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Reserve Petroleum (RSRV) reported revenue of $4.4M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +14% from the quarter before. Operating margin was -24.9%, net loss $1.5M (34.4% of revenue).
Reserve Petroleum, Q4 2024: revenue $4.4M (+15% year over year), operating margin -24.9%, net loss $1.5M, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4M | +14% | +15% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $2.4M | -8% | -2% |
What changed
Revenue was $4.4M in Q4 2024, up 15% year over year and up 14% from the previous quarter. Oil Sales was the largest line at 74% of revenue.
Operating costs exceeded revenue by $1.1M, an operating margin of -24.9%. Total costs fell 10% while revenue rose 15%. The quarter ended with a net loss of $1.5M, after a profit of $1.7M the previous quarter. Net interest and other expense of $890K was the main reason.
Operating cash flow was $2.4M (down 2% year over year). Working capital and other items added $3.9M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$719K.
Questions
What was Reserve Petroleum's revenue in the fourth quarter 2024?
Reserve Petroleum (RSRV) reported revenue of $4.4M for the fourth quarter 2024 (Q4 2024), +15% from a year earlier and +14% from the quarter before.
Was Reserve Petroleum profitable in the fourth quarter 2024?
Operating loss was $1.1M (-24.9% of revenue) and net loss $1.5M.
Source: Reserve Petroleum 10-K on SEC EDGAR.