Reserve Petroleum Co

Reserve Petroleum Co maintains a strong liquidity position with a current ratio of 4.49 and cash and equivalents of $2,051,330, indicating a solid ability to meet short-term obligations. The company's debt-to-equity ratio is 0.03, suggesting a conservative capital structure with minimal leverage [doc:HA-latest]. The company's profitability is robust, with a return on equity of 14.52% and a return on assets of 11.79%, both exceeding the industry median for oil and gas exploration and production. These metrics indicate efficient use of equity and assets to generate returns [doc:HA-latest]. Geographically, the company's revenue is concentrated in five states—Arkansas, Kansas, Oklahoma, South Dakota, and Texas—where it holds 81,199 (92%) net acres of its 88,333 net acres of non-producing mineral interests. This concentration may expose the company to regional market fluctuations [doc:HA-latest]. Growth trajectory appears mixed. While the company reported revenue of $17,441,160 in the latest period, its free cash flow is negative at -$4,195,280, driven by capital expenditures of -$13,477,120. This suggests ongoing investment in exploration and development, which may support future revenue growth [doc:HA-latest]. Risk factors are limited, with low liquidity and dilution risk identified. No immediate filing-based liquidity or dilution flags were detected, and the company's capital structure remains stable with low debt levels [doc:HA-latest]. Recent financial filings show a last actual revenue of $2,909,800, which is significantly lower than the reported revenue of $17,441,160. This discrepancy may reflect timing differences in reporting or adjustments in revenue recognition [doc:].