RIDGEWOOD ENERGY S FUND LLC

CIK:0001352190|SEC Filings

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Oil and gas revenue	$ 500	$ 361	$ 740	$ 768
Other revenue	32	57	63	117
Total revenue	532	418	803	885
Expenses
Depletion and amortization	161	190	257	379
Operating expenses	70	106	123	212
General and administrative expenses	68	67	143	140
Total expenses	299	363	523	731
Income from operations	233	55	280	154
Interest income	24	22	50	44
Net income	257	77	330	198
Manager Interest
Net income	61	38	85	83
Shareholder Interest
Net income	$ 196	$ 39	$ 245	$ 115
Net income per share	$ 233	$ 45	$ 292	$ 136

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income	$ 330	$ 198
Adjustments to reconcile net income to net cash provided by operating activities:
Depletion and amortization	257	379
Accretion expense	46	45
Changes in assets and liabilities:
(Increase) decrease in production receivable	(57)	23
Decrease in due from affiliate	3	1
Decrease in other current assets	37	38
(Decrease) increase in due to operators	(70)	11
Increase (decrease) in accrued expenses	1	(15)
Settlement of asset retirement obligation	(5)
Net cash provided by operating activities	542	680
Cash flows from investing activities
Capital expenditures for oil and gas properties	(660)
Proceeds from salvage fund	5
Increase in salvage fund	(67)	(69)
Net cash used in investing activities	(722)	(69)
Cash flows from financing activities
Distributions	(247)	(270)
Net cash used in financing activities	(247)	(270)
Net (decrease) increase in cash and cash equivalents	(427)	341
Cash and cash equivalents, beginning of period	1,285	885
Cash and cash equivalents, end of period	858	1,226
Supplemental disclosure of non-cash investing activities
Due to operators for accrued capital expenditures for oil and gas properties	$ 109

UNAUDITED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 858	$ 1,285
Salvage fund	37
Production receivable	137	80
Due from affiliate (Note 3)	8	11
Other current assets	1	38
Total current assets	1,041	1,414
Salvage fund	1,834	1,809
Oil and gas properties:
Proved properties	20,705	19,894
Less: accumulated depletion and amortization	(19,003)	(18,746)
Total oil and gas properties, net	1,702	1,148
Total assets	4,577	4,371
Current liabilities:
Due to operators	147	108
Accrued expenses	70	69
Asset retirement obligations	37
Total current liabilities	254	177
Asset retirement obligations	1,333	1,287
Total liabilities	1,587	1,464
Manager:
Distributions	(8,166)	(8,129)
Retained earnings	8,616	8,531
Manager's total	450	402
Shareholders:
Capital contributions (1,000 shares authorized; 839.5395 issued and outstanding)	124,401	124,401
Syndication costs	(14,236)	(14,236)
Distributions	(48,373)	(48,163)
Accumulated deficit	(59,252)	(59,497)
Shareholders' total	2,540	2,505
Total members' capital	2,990	2,907
Total liabilities and members' capital	$ 4,577	$ 4,371