Reserve Petroleum Co
OTC:RSRV
Income Statement
Earnings Waterfall
Reserve Petroleum Co
Revenue
|
13.4m
USD
|
Cost of Revenue
|
-5.5m
USD
|
Gross Profit
|
7.9m
USD
|
Operating Expenses
|
-6.8m
USD
|
Operating Income
|
1.1m
USD
|
Other Expenses
|
-1.2m
USD
|
Net Income
|
-55.7k
USD
|
Income Statement
Reserve Petroleum Co
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
19
N/A
|
20
+9%
|
21
+2%
|
22
+3%
|
21
-2%
|
18
-13%
|
15
-18%
|
12
-22%
|
8
-28%
|
7
-19%
|
6
-12%
|
6
-6%
|
6
+11%
|
7
+8%
|
7
+4%
|
7
-1%
|
6
-10%
|
6
+2%
|
7
+16%
|
8
+8%
|
8
+3%
|
8
-1%
|
7
-9%
|
7
-12%
|
7
+0%
|
6
-5%
|
5
-21%
|
5
-2%
|
4
-17%
|
4
+8%
|
5
+22%
|
7
+37%
|
9
+24%
|
18
+93%
|
20
+16%
|
21
+2%
|
16
-23%
|
16
-4%
|
14
-10%
|
14
-2%
|
13
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
Gross Profit |
16
N/A
|
17
+10%
|
18
+2%
|
18
+3%
|
18
-2%
|
15
-15%
|
12
-21%
|
9
-26%
|
6
-34%
|
4
-25%
|
4
-15%
|
3
-6%
|
4
+19%
|
5
+13%
|
5
+5%
|
5
-2%
|
4
-14%
|
4
+2%
|
5
+22%
|
6
+11%
|
6
+5%
|
6
-1%
|
5
-12%
|
4
-17%
|
4
+1%
|
4
-7%
|
3
-27%
|
3
+1%
|
2
-25%
|
3
+16%
|
3
+30%
|
5
+46%
|
6
+24%
|
12
+101%
|
15
+20%
|
15
+1%
|
12
-21%
|
11
-8%
|
9
-16%
|
8
-7%
|
8
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(8)
|
(9)
|
(9)
|
(9)
|
(7)
|
(9)
|
(8)
|
(8)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(8)
|
(8)
|
(8)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
|
Selling, General & Administrative |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
Research & Development |
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Depreciation & Amortization |
(6)
|
(6)
|
(6)
|
(6)
|
(4)
|
(6)
|
(6)
|
(6)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
|
Operating Income |
8
N/A
|
9
+15%
|
8
-5%
|
9
+11%
|
11
+16%
|
6
-40%
|
4
-43%
|
1
-75%
|
0
-71%
|
(1)
N/A
|
(0)
+24%
|
(1)
-21%
|
0
N/A
|
1
+385%
|
1
-10%
|
1
+40%
|
(0)
N/A
|
(0)
-250%
|
1
N/A
|
2
+118%
|
3
+64%
|
2
-27%
|
2
-15%
|
1
-51%
|
(0)
N/A
|
(0)
-355%
|
(1)
-224%
|
(1)
+10%
|
(1)
+49%
|
(2)
-154%
|
0
N/A
|
1
+315%
|
2
+138%
|
4
+66%
|
6
+60%
|
7
+9%
|
7
+9%
|
5
-28%
|
3
-42%
|
2
-26%
|
1
-51%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(2)
|
(0)
|
(0)
|
(2)
|
(4)
|
(4)
|
(4)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(1)
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
0
|
(1)
|
(0)
|
(2)
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
8
N/A
|
9
+13%
|
9
-3%
|
9
+8%
|
9
-6%
|
6
-32%
|
3
-48%
|
(1)
N/A
|
(3)
-142%
|
(4)
-24%
|
(4)
+7%
|
(2)
+47%
|
(0)
+87%
|
1
N/A
|
1
-23%
|
1
+24%
|
0
-92%
|
(0)
N/A
|
2
N/A
|
2
+41%
|
3
+28%
|
3
+5%
|
2
-31%
|
1
-62%
|
(0)
N/A
|
(2)
-367%
|
(3)
-32%
|
(4)
-21%
|
(2)
+32%
|
(1)
+66%
|
(0)
+90%
|
2
N/A
|
1
-21%
|
5
+291%
|
5
+9%
|
6
+13%
|
5
-12%
|
4
-30%
|
3
-15%
|
2
-21%
|
(0)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
1
|
1
|
2
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
|
Income from Continuing Operations |
6
|
7
|
7
|
7
|
7
|
5
|
3
|
(0)
|
(2)
|
(3)
|
(2)
|
(1)
|
(0)
|
1
|
1
|
1
|
0
|
(0)
|
1
|
2
|
2
|
2
|
2
|
1
|
(0)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
0
|
1
|
1
|
4
|
4
|
5
|
4
|
3
|
2
|
2
|
(0)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
6
N/A
|
7
+12%
|
7
-3%
|
7
+7%
|
7
-4%
|
5
-29%
|
3
-42%
|
(0)
N/A
|
(2)
-349%
|
(3)
-34%
|
(2)
+5%
|
(1)
+49%
|
(0)
+93%
|
1
N/A
|
1
-21%
|
1
+22%
|
1
-34%
|
0
-39%
|
2
+345%
|
2
+32%
|
2
-6%
|
2
+3%
|
2
-28%
|
1
-63%
|
(0)
N/A
|
(2)
-553%
|
(2)
-37%
|
(3)
-23%
|
(2)
+34%
|
(1)
+72%
|
0
N/A
|
1
+8 377%
|
1
-10%
|
4
+237%
|
4
+4%
|
5
+9%
|
4
-17%
|
3
-32%
|
2
-12%
|
2
-17%
|
(0)
N/A
|
|
EPS (Diluted) |
37.93
N/A
|
42.5
+12%
|
41.37
-3%
|
44.24
+7%
|
42.55
-4%
|
30.06
-29%
|
17.31
-42%
|
-2.62
N/A
|
-11.89
-354%
|
-15.81
-33%
|
-15.06
+5%
|
-7.62
+49%
|
-0.53
+93%
|
6.68
N/A
|
5.31
-21%
|
6.5
+22%
|
4.34
-33%
|
2.62
-40%
|
11.68
+346%
|
15.69
+34%
|
14.69
-6%
|
15.09
+3%
|
10.94
-28%
|
4.05
-63%
|
-1.7
N/A
|
-11.12
-554%
|
-15.27
-37%
|
-18.83
-23%
|
-12.49
+34%
|
-3.54
+72%
|
0.11
N/A
|
8.92
+8 009%
|
8
-10%
|
27.04
+238%
|
28.21
+4%
|
30.68
+9%
|
25.62
-16%
|
17.47
-32%
|
15.3
-12%
|
12.71
-17%
|
-0.36
N/A
|