Every 10-Q that Royale Energy (ROYL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ROYL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ROYL filings page.
Royale Energy, Inc. (ROYL) reported higher oil and gas revenues but continued losses and liquidity pressure for the quarter and six months ended June 30, 2026. Total revenues for the first half of 2026 were $1.24 million, with oil and gas revenues of $1.23 million, up 50.6% from $818,502 in 2025, driven by higher oil volumes and prices. Net loss for the six months widened to $1,632,747 from $1,290,501, and for the quarter to $813,118.
Royale ended June 30, 2026 with total assets of $20.37 million, but a working capital deficit of $12,927,831 and an accumulated deficit of $96,199,116, leading management to state there is substantial doubt about the company’s ability to continue as a going concern. Current liabilities of $26.57 million include $17.55 million of Deferred Drilling Obligations. Cash was $2,832,913 and restricted cash $6,711,325. Net cash used in operating activities improved sharply to $173,241 from $2,247,911 a year earlier, largely due to higher payables linked to Permian drilling. Management plans cost controls, asset sales and potential new financing, but gives no assurance these will succeed. Management also concluded disclosure controls and procedures were not effective due to a material weakness in internal control.
Royale Energy, Inc. (ROYL) reported a first‑quarter 2026 net loss of $819,629, compared with a loss of $681,951 in the prior‑year quarter, as higher operating and interest costs outweighed stronger production. Total revenues were $563,358, up from $487,236, driven mainly by increased oil and natural gas volumes.
At March 31, 2026, Royale had total assets of $16.8 million and total liabilities of $31.1 million, resulting in a stockholders’ deficit of $14.2 million. Current liabilities of $22.7 million exceeded current assets of $10.3 million, creating a working capital deficit of $12.4 million. Cash and cash equivalents were $758,615, with restricted cash of $6.7 million.
The company generated negative operating cash flow of $1.1 million in the quarter. Management disclosed that recurring losses, the working capital deficit, and accumulated deficit of $95.4 million raise substantial doubt about Royale’s ability to continue as a going concern. Management plans to rely on cost controls, asset sales, drilling participation and potential debt or equity financing. Management also concluded that disclosure controls and procedures were not effective due to a material weakness in internal control over financial reporting. A related‑party secured term loan with Walou Investments, LP had an outstanding principal of $1.9 million at a 15.0% interest rate.
Royale Energy, Inc. reported another loss-making quarter and continues to face serious liquidity pressure. For the nine months ended September 30, 2025, the company posted a net loss of $1.65 million, narrower than the $2.07 million loss a year earlier, as lease operating, impairment, and credit loss expenses declined.
Oil and gas revenue for the nine-month period fell 21.5% to $1.37 million due to lower production volumes and weaker oil prices, though third-quarter production volumes improved year over year. At September 30, 2025, Royale had a working capital deficit of $12.23 million, an accumulated deficit of $95.16 million, and used $2.68 million of cash in operating activities, leading management to state there is substantial doubt about its ability to continue as a going concern.
The company relies on restricted turnkey drilling funds and a related-party secured term loan, which totaled $1.9 million of principal at a 15.0% interest rate after an additional $500,000 advance in August 2025. Royale also increased its stake in the Pradera Fuego field in the Permian Basin through a $1.5 million acquisition of additional non-operated working interests, while deferred drilling obligations grew to $13.98 million.