Oil & Condensate was Reserve Petroleum’s largest product and service line in fiscal 2021, bringing in $5.91M of $9.03M (65%).
| Product and Service | FY 2017 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|
| Oil & Condensate | $4.50M | $2.59M | $5.91M | |
| Natural Gas, Us Regulated | — | — | — | |
| Natural Gas, Production | $1.81M | $1.28M | $2.63M | |
| Miscellaneous Oil & Gas Sales | $180.05K | $126.17K | $500.13K | |
| Total | $6.49M | $4.00M | $9.03M |
Reserve Petroleum brought in $9.03M from its three product and service lines in fiscal 2021, the year ended December 31, 2021. That was up 126.1% from $4.00M in fiscal 2020. Oil & Condensate was the largest at $5.91M (65.4%), ahead of Natural Gas, Production at $2.63M (29.1%) and Miscellaneous Oil & Gas Sales at $500.13K (5.5%).
Compared with fiscal 2020, Miscellaneous Oil & Gas Sales grew fastest, up 296.4% to $500.13K. Every line above 2% of revenue grew. From fiscal 2019 to 2021, combined revenue from these lines grew from $6.49M to $9.03M, a compound annual growth rate of 18.0%. Oil & Condensate's share of the total fell from 69.4% to 65.4%.
Reserve Petroleum (RSRV) reports its revenue by product and service. In fiscal 2021, Oil & Condensate was its largest product and service line, bringing in $5.91M (65.4% of the total), followed by Natural Gas, Production at $2.63M (29.1%).
Oil & Condensate was Reserve Petroleum's largest product and service line in fiscal 2021, bringing in $5.91M, or 65.4% of the $9.03M total across its three product and service lines.
Among Reserve Petroleum's product and service lines that make up at least 2% of revenue, Miscellaneous Oil & Gas Sales grew fastest in fiscal 2021, up 296.4% from $126.17K to $500.13K.
Every figure comes from Reserve Petroleum's annual financial filings, as reported. Each line keeps the name Reserve Petroleum gives it, and years follow its fiscal calendar.
Reserve Petroleum's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2021. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.