Here are the 10-K annual reports from Reserve Petroleum Co (RSRV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow RSRV 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 RSRV filings page.
The Reserve Petroleum Company reported stronger 2025 results, with operating revenues of $17.4 million and net income attributable to common stockholders of $4.9 million, up from $2.0 million in 2024. Earnings per share rose to $32.32, while the company continued its $10.00 per share annual dividend.
Oil and gas sales increased 10% to $16.7 million, driven by a 76% surge in natural gas revenue as both volumes and realized prices improved, partly offset by lower oil prices. Lease bonuses rose sharply, and other income benefited from $1.6 million of net realized and unrealized gains on equity securities and income from real estate-related investments.
Operating costs fell 4% to $13.2 million, helped by the exit from water well drilling and lower general and administrative expense, despite higher depletion and impairment. Net cash from operations grew to $9.9 million and funded $13.5 million of property additions, continued equity investments, dividends and modest share repurchases, while total assets increased to $41.6 million and equity to $34.0 million.