Royale Energy Q2 FY26 net loss widens to $813,118; revenue rises 94.5% to $669,655
ROYL•Costs rise across operations and overhead
Lease operating expenses climbed to $436,420, up 43.5%, due to higher surface use fees, workover costs, and equipment repairs.
General and administrative expenses rose to $527,295, up 36.7%, mainly on higher employee-related compensation; interest expense increased to $142,582.
Drilling obligation increases in the Permian basin
Deferred Drilling Obligation increased to $17.55 million at June 30, 2026; the company participated in drilling two Permian basin wells.
Quarterly results widen loss despite higher revenue
Royale Energy posted a net loss of $813,118 in the quarter ended June 30, 2026, widening from a net loss of $608,550.
Revenue from oil and gas production more than doubled to $669,655, up 94.5% from a year earlier.
