Reserve Petroleum Q2 FY26 net income more than doubles to $2.55 million; revenue rises 54% to $5.35 million
R
RSRV•
- Reserve Petroleum posted Q2 net income attributable to common stockholders of $2.55 million, more than doubled from a year earlier.
- Earnings per share rose to $16.82 in the quarter, up from $7.88 a year earlier.
- Revenue from oil and gas sales climbed 54% to $5.35 million, driven by higher oil volumes and a $91.84 average oil price.
- Operating costs and expenses increased 34% to $3.51 million, led by higher production costs and DD&A.
Six-month performance
- For the first six months, net income attributable to common stockholders rose 20% to $3.56 million.
- Oil and gas sales revenue grew 49% to $10.89 million.
•
Reserve Petroleum Q2 FY26 net income more than doubles to $2.55 million; revenue rises 54% to $5.35 million - RSRV News | Rallies
