Higher Oil Prices Drive Reserve Petroleum's Q2 Net Income to More Than Double
RSRV sits 41% above its 52-week low of $150 on elevated volume (2.6× avg).
Summary
Reserve Petroleum's Q2 net income more than doubled to $2.55 million on higher oil prices and volumes. The company also committed $1.23 million to a new Permian Basin investment that closed in July.
Key Events · Earnings and Guidance · RSRV
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Q2 Net Income More Than Doubles
Net income attributable to common stockholders rose 113% to $2,549,599 in Q2 2026, up from $1,196,555 a year earlier. EPS increased to $16.82 from $7.88.
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Oil Price and Volume Drive Revenue
Oil sales increased 73% to $4,222,349 in Q2, with average realized price up $35.63 to $91.84 per barrel and volume up 2,443 barrels to 45,977.
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Six-Month Results Up 20%
For the first half of 2026, net income rose 20% to $3,556,416, with oil and gas sales up 49% to $10,891,971.
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New Permian Basin Investment
The company committed $1,230,510 to White Whale LLC for non-operating Permian Basin working interests. It contributed $1,168,010 on July 17, 2026, and the asset purchase closed July 20, 2026.
Analysis · RSRV · Energy & Transportation
Reserve Petroleum's Q2 2026 net income reached $2.55 million, a 113% increase from the prior year, propelled by a 73% surge in oil sales and a $35.63 per barrel rise in realized oil prices. Six-month net income climbed 20% to $3.56 million. The company also disclosed a new $1.23 million commitment to White Whale LLC for Permian Basin assets, with the purchase closing on July 20, 2026. Despite the strong results, the company recorded $366,540 in oil and gas asset impairments, up from $165,214 a year earlier, reflecting some property-level write-downs.
At the time of this filing, RSRV was trading at $212.00 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $32.1M. The 52-week trading range was $150.00 to $234.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.