Reserve Petroleum (RSRV) Gross Margin (2010 - 2023)
Reserve Petroleum (RSRV) posted quarterly Gross Margin of 64.0% for Q1 2023, down 1523.0% year-over-year from 4.5% in Q1 2022, and down 12.99% quarter-over-quarter from 73.55% in Q4 2022.
Reserve Petroleum (RSRV) Gross Margin (2010 - 2023) Analysis & Trends
Reserve Petroleum's Gross Margin history runs 14 years deep, the most recent figure standing at 64.0% for Q1 2023.
- In Q1 2023, Gross Margin fell 1523.0% year-over-year to 64.0%; the TTM figure through Mar 2023 stood at 73.99% (up 50.0% YoY), while the FY2022 annual figure was 77.49%, up 735.0% from the prior year.
- Gross Margin for Q1 2023 stood at 64.0%, down from 73.55% in the prior quarter.
- The five-year high for Gross Margin was 81.28% in Q2 2022, with the low at 35.45% in Q2 2020.
- The 5-year median for Gross Margin is 66.2% (2019), against an average of 65.2%.
- The sharpest annual moves came in 2020 and 2021: Gross Margin slumped 3068 bps in 2020, then surged 3177 bps in 2021.
- Reserve Petroleum's Gross Margin stood at 66.2% in 2019, then slipped by 25 bps to 49.54% in 2020, then surged by 35 bps to 66.97% in 2021, then climbed by 10 bps to 73.55% in 2022, then slipped by 13 bps to 64.0% in 2023.
- Business Quant data shows RSRV's Gross Margin at 64.0% in Q1 2023, 73.55% in Q4 2022, and 73.7% in Q3 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 81.22% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Reserve Petroleum | 32.14 Mn | 24.81 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 64.00% |
| Dec 31, 2022 | 73.55% |
| Sep 30, 2022 | 73.70% |
| Jun 30, 2022 | 81.28% |
| Mar 31, 2022 | 79.23% |
| Dec 31, 2021 | 66.97% |
| Sep 30, 2021 | 75.26% |
| Jun 30, 2021 | 67.22% |
| Mar 31, 2021 | 67.10% |
| Dec 31, 2020 | 49.54% |
| Sep 30, 2020 | 63.87% |
| Jun 30, 2020 | 35.45% |
| Mar 31, 2020 | 56.94% |
| Dec 31, 2019 | 66.20% |
| Sep 30, 2019 | 56.96% |
| Jun 30, 2019 | 66.13% |
| Mar 31, 2019 | 64.92% |
| Dec 31, 2018 | 73.79% |
| Sep 30, 2018 | 73.98% |
| Jun 30, 2018 | 76.05% |