$ROYL

Royale Energy, Inc.

CIK:0001694617|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Revenues	$ 680,141	$ 346,385	$ 1,243,499	$ 833,621
Costs and Expenses:
Oil and Gas Lease Operating	436,420	304,138	836,701	487,483
Severance Taxes	25,845	12,117	48,714	30,159
Depreciation, Depletion and Amortization	110,580	42,262	210,141	115,480
Impairment	0	0	0	27,250
Settlement of Asset Retirement Obligation	(2,456)	(25,559)	(8,132)	(30,912)
Credit Loss Expense	0	0	32,906	13,126
Legal and Accounting	175,019	60,206	299,257	305,712
Marketing	89,228	97,493	193,882	166,528
General and Administrative	527,295	385,628	1,001,350	852,046
Total Costs and Expenses	1,361,931	876,285	2,614,819	1,966,872
Loss From Operations	(681,790)	(529,900)	(1,371,320)	(1,133,251)
Other Income (Expense):
Interest Expense	(142,582)	(97,933)	(283,563)	(195,112)
Interest Income	11,254	19,283	22,136	37,862
Net Loss	$ (813,118)	$ (608,550)	$ (1,632,747)	$ (1,290,501)
Shares used in computing Basic Net Loss per share (in Shares)	96,600,302	96,600,302	96,600,302	96,600,302
Basic Loss per share (in Dollars per share)	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Shares used in computing Diluted Net Loss per share (in Shares)	96,600,302	96,600,302	96,600,302	96,600,302
Diluted Loss per share (in Dollars per share)	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Oil and Gas [Member]
Revenues:
Revenues	$ 669,655	$ 344,354	$ 1,232,774	$ 818,502
Supervisory Fees and Other [Member]
Revenues:
Revenues	$ 10,486	$ 2,031	$ 10,725	$ 15,119

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (1,632,747)	$ (1,290,501)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation, Depletion and Amortization	210,141	115,480
Impairment	0	27,250
Credit Loss Expense	32,906	13,126
Settlement of ARO	(8,132)	(30,912)
Cash Settlement on ARO	3,450	0
Accretion of Debt Restructure Notes Payable and Interest	136,852	64,125
Stock Based Compensation	80,868	0
Right of use asset depreciation	8,398	7,163
Changes in assets and liabilities:
Other and Revenue Receivables	(125,557)	601,964
Prepaid Expenses and Other Assets	(177,577)	(120,592)
Accounts Payable and Accrued Expenses	1,298,157	(1,635,014)
Net Cash Used in Operating Activities	(173,241)	(2,247,911)
CASH FLOWS FROM INVESTING ACTIVITIES
Expenditures for Oil and Gas Properties and Other Capital Expenditures	(1,622,350)	(16,931)
Proceeds from Turnkey Drilling Programs	3,272,000	1,825,000
Acquisition of producing properties	(200,000)	0
Net Cash Provided by Investing Activities	1,449,650	1,808,069
CASH FLOWS FROM FINANCING ACTIVITIES
Lease Financing Payments	(7,165)	(5,625)
Net Cash Used in Financing Activities	(7,165)	(5,625)
Net Increase (Decrease) in Cash and Cash Equivalents, and Restricted Cash	1,269,244	(445,467)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	8,274,994	7,902,163
Cash, Cash Equivalents, and Restricted Cash at End of Period	9,544,238	7,456,696
Cash Paid for Interest	146,711	130,987
Cash Paid for Taxes	11,610	8,250
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING & FINANCING ACTIVITIES:
Decrease in Capital Accrued Balance	$ (17,010)	$ (8,905)

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and Cash Equivalents	$ 2,832,913	$ 1,099,044
Restricted Cash	6,711,325	7,175,950
Other Receivables, net	803,398	793,608
Revenue Receivables	777,590	694,729
Prepaid Expenses and Other Current Assets	924,439	746,862
Deferred Drilling Costs	1,592,894	0
Total Current Assets	13,642,559	10,510,193
Other Assets	576,265	576,265
Right of Use Asset - Operating Leases	89,227	141,417
Oil and Gas Properties (Successful Efforts Basis), Real Property and Equipment and Fixtures, net	6,064,088	5,774,178
Total Assets	20,372,139	17,002,053
Current Liabilities:
Accounts Payable and Accrued Expenses	7,315,027	6,033,878
Royalties Payable	611,833	611,833
RMX Resources, LLC	23,087	23,087
Operating Leases - Current	58,447	102,238
Asset Retirement Obligation - Current	1,012,500	1,012,500
Deferred Drilling Obligations	17,549,496	14,277,496
Total Current Liabilities	26,570,390	22,061,032
Noncurrent Liabilities:
Asset Retirement Obligation	4,348,273	4,065,352
Notes Payable - Non-current	4,257,964	4,121,112
Operating Leases - Non-current	36,220	43,386
Accrued Unpaid Guaranteed Payments	90,000	90,000
Accrued Liabilities - Non-current	12,386	12,386
Total Liabilities	35,315,233	30,393,268
Stockholders’ Deficit:
Common Stock, $0.001 Par Value, 280,000,000 Shares Authorized and 96,600,302 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	96,600	96,600
Additional Paid in Capital	81,159,422	81,078,554
Accumulated Deficit	(96,199,116)	(94,566,369)
Total Stockholders' Deficit	(14,943,094)	(13,391,215)
Total Liabilities, and Stockholders’ Deficit	$ 20,372,139	$ 17,002,053