OTC: ROYL
Royale Energy, Inc.CIK 0001694617 · SIC 1311 · Crude Petroleum & Natural Gas
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Latest financial statements
From 10-Q filed Aug 31, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Oil, NGL and Gas Sales | 669,655 | 344,354 | 1,232,774 | 818,502 |
| Supervisory Fees and Other | 10,486 | 2,031 | 10,725 | 15,119 |
| Total Revenues | 680,141 | 346,385 | 1,243,499 | 833,621 |
| Costs and Expenses: | ||||
| Oil and Gas Lease Operating | 436,420 | 304,138 | 836,701 | 487,483 |
| Severance Taxes | 25,845 | 12,117 | 48,714 | 30,159 |
| Depreciation, Depletion and Amortization | 110,580 | 42,262 | 210,141 | 115,480 |
| Impairment | - | - | - | 27,250 |
| Settlement of Asset Retirement Obligation | (2,456) | (25,559) | (8,132) | (30,912) |
| Credit Loss Expense | - | - | 32,906 | 13,126 |
| Legal and Accounting | 175,019 | 60,206 | 299,257 | 305,712 |
| Marketing | 89,228 | 97,493 | 193,882 | 166,528 |
| General and Administrative | 527,295 | 385,628 | 1,001,350 | 852,046 |
| Total Costs and Expenses | 1,361,931 | 876,285 | 2,614,819 | 1,966,872 |
| Loss From Operations | (681,790) | (529,900) | (1,371,320) | (1,133,251) |
| Other Income (Expense): | ||||
| Interest Expense | (142,582) | (97,933) | (283,563) | (195,112) |
| Interest Income | 11,254 | 19,283 | 22,136 | 37,862 |
| Net Loss | (813,118) | (608,550) | (1,632,747) | (1,290,501) |
| Shares used in computing Basic Net Loss per share | 96,600,302 | 96,600,302 | 96,600,302 | 96,600,302 |
| Basic Loss per share | (0.01) | (0.01) | (0.02) | (0.01) |
| Shares used in computing Diluted Net Loss per share | 96,600,302 | 96,600,302 | 96,600,302 | 96,600,302 |
| Diluted Loss per share | (0.01) | (0.01) | (0.02) | (0.01) |
Condensed Consolidated Balance Sheets
| Description | June 30, 2026 (unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and Cash Equivalents | 2,832,913 | 1,099,044 |
| Restricted Cash | 6,711,325 | 7,175,950 |
| Other Receivables, net | 803,398 | 793,608 |
| Revenue Receivables | 777,590 | 694,729 |
| Prepaid Expenses and Other Current Assets | 924,439 | 746,862 |
| Deferred Drilling Costs | 1,592,894 | - |
| Total Current Assets | 13,642,559 | 10,510,193 |
| Other Assets | 576,265 | 576,265 |
| Right of Use Asset Operating Leases | 89,227 | 141,417 |
| Oil and Gas Properties (Successful Efforts Basis), Real Property and Equipment and Fixtures, net | 6,064,088 | 5,774,178 |
| Total Assets | 20,372,139 | 17,002,053 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current Liabilities: | ||
| Accounts Payable and Accrued Expenses | 7,315,027 | 6,033,878 |
| Royalties Payable | 611,833 | 611,833 |
| RMX Resources, LLC | 23,087 | 23,087 |
| Operating Leases Current | 58,447 | 102,238 |
| Asset Retirement Obligation Current | 1,012,500 | 1,012,500 |
| Deferred Drilling Obligations | 17,549,496 | 14,277,496 |
| Total Current Liabilities | 26,570,390 | 22,061,032 |
| Noncurrent Liabilities: | ||
| Asset Retirement Obligation | 4,348,273 | 4,065,352 |
| Notes Payable Non-current | 4,257,964 | 4,121,112 |
| Operating Leases Non-current | 36,220 | 43,386 |
| Accrued Unpaid Guaranteed Payments | 90,000 | 90,000 |
| Accrued Liabilities Non-current | 12,386 | 12,386 |
| Total Liabilities | 35,315,233 | 30,393,268 |
| Stockholders’ Deficit: | ||
| Common Stock, $0.001 Par Value, 280,000,000 Shares Authorized and 96,600,302 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 96,600 | 96,600 |
| Additional Paid in Capital | 81,159,422 | 81,078,554 |
| Accumulated Deficit | (96,199,116) | (94,566,369) |
| Total Stockholders' Deficit | (14,943,094) | (13,391,215) |
| Total Liabilities, and Stockholders’ Deficit | 20,372,139 | 17,002,053 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Loss | (1,632,747) | (1,290,501) |
| Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: | ||
| Depreciation, Depletion and Amortization | 210,141 | 115,480 |
| Impairment | - | 27,250 |
| Credit Loss Expense | 32,906 | 13,126 |
| Settlement of ARO | (8,132) | (30,912) |
| Cash Settlement on ARO | 3,450 | - |
| Accretion of Debt Restructure Notes Payable and Interest | 136,852 | 64,125 |
| Stock Based Compensation | 80,868 | - |
| Right of use asset depreciation | 8,398 | 7,163 |
| Changes in assets and liabilities: | ||
| Other and Revenue Receivables | (125,557) | 601,964 |
| Prepaid Expenses and Other Assets | (177,577) | (120,592) |
| Accounts Payable and Accrued Expenses | 1,298,157 | (1,635,014) |
| Net Cash Used in Operating Activities | (173,241) | (2,247,911) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Expenditures for Oil and Gas Properties and Other Capital Expenditures | (1,622,350) | (16,931) |
| Proceeds from Turnkey Drilling Programs | 3,272,000 | 1,825,000 |
| Acquisition of producing properties | (200,000) | - |
| Net Cash Provided by Investing Activities | 1,449,650 | 1,808,069 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Lease Financing Payments | (7,165) | (5,625) |
| Net Cash Used in Financing Activities | (7,165) | (5,625) |
| Net Increase (Decrease) in Cash and Cash Equivalents, and Restricted Cash | 1,269,244 | (445,467) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 8,274,994 | 7,902,163 |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | 9,544,238 | 7,456,696 |
| Cash Paid for Interest | 146,711 | 130,987 |
| Cash Paid for Taxes | 11,610 | 8,250 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING & FINANCING ACTIVITIES: | ||
| Decrease in Capital Accrued Balance | (17,010) | (8,905) |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗