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Reserve Petroleum Co  (RSRV)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 



EARNINGS REPORT by CSIMarket

Earnings helped by tax benefit

A $0 million tax benefit, helped Reserve Petroleum Co to post $0.46 eps in the second quarter 2020

For the second quarter 2020 Reserve Petroleum Co income fell sharply by -90.02 % of $0.46 per share compare to $4.61 a year ago and EPS turn positive from $-7.29 per share from the previous quarter.

Sales fell sharply by -68.84 % to $1 millions from $2 millions in the same quarter a year ago and sequentially Sales Tumbled by -53.02 % from $1 millions.



Net income of $0.072 millions in the second quarter 2020 fell by -90.05 % from break-even in the corresponding period a year before.

The situation for Reserve Petroleum Co would be even worse, if there wasn't $0 million tax benefit, to restrain the decline to just -90.05 % in the second quarter 2020.


Reserve Petroleum Co is expected to report next financial results on November 09, 2020.


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Other RSRV's Earnings Reports

Reserve Petroleum Co reported first quarter 2020 earnings

Reserve Petroleum Co reported fourth quarter 2019 earnings

Reserve Petroleum Co reported third quarter 2019 earnings

       
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