Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsOperating margin changed -29.1 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -29.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 3 filing risk checks flagged
Flagged areas: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +15.7% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $23M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2023-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Oil Sales$40.2M87.9%+11.2% yoy
- Natural Gas Liquids Sales$2.86M6.2%+33.3% yoy
- Natural Gas Sales$2.66M5.8%+119.0% yoy
Members sum to the consolidated $45.8M for this period.
- Oil Sales$36.6M90.9%+416.8% yoy
- Natural Gas Sales$1.89M4.7%+124.7% yoy
- Natural Gas Liquids Sales$1.77M4.4%+116.1% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 119 in Energy| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $46M | 21stof 3,301 bottom third | 13thof 113 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 15.7% | 72ndof 3,135 top third | 75thof 107 top third |
Operating margin operating income ÷ revenue | -17.2% | 28thof 2,819 bottom third | 13thof 99 bottom third |
Net margin net income ÷ revenue | -22.6% | 24thof 3,263 bottom third | 13thof 109 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -5.0% | 37thof 3,577 middle third | 20thof 95 bottom third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | -5.6× | 27thof 819 bottom third | 12thof 29 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 6.0% | 32ndof 2,895 bottom third | 10thof 96 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -8.4% | 69thof 3,577 top third | 43rdof 102 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 58.6% | 15thof 3,059 bottom third | 8thof 77 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 24 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2021-12-31 | 20 shares 10-K 2022-03-11 | 79,963,237 shares 10-K 2023-03-29 | +399816085.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-03-31 | 728 shares 10-Q 2022-05-16 | 86,066,070 shares 10-Q 2023-05-15 | +11822162.4% | first · latest |
| Revenue RevenueFromContractWithCustomerIncludingAssessedTax | quarter 2025-03-31 | $8.74K 10-Q 2025-05-15 | $8.74M 10-Q 2026-05-14 | +99900.0% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2023-12-31 | -$198K 10-K 2024-03-18 | $1.24M 10-K/A 2025-10-31 | +724.8% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | fiscal year 2023-12-31 | $264K 10-K 2024-03-18 | $1.7M 10-K/A 2025-10-31 | +543.6% | first · latest · 4 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2020-12-31 | 72,209,553 shares 10-K 2021-03-23 | 450 shares 10-K 2022-03-11 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-09-30 | 79,533,016,000 shares 10-Q 2021-11-15 | 79,533,016 shares 10-Q 2022-11-14 | -99.9% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-09-30 | 79,533,016,000 shares 10-Q 2021-11-15 | 79,533,016 shares 10-Q 2022-11-14 | -99.9% | first · latest · 3 filings carry it |
| Stock-based compensation ShareBasedCompensation | quarter 2024-03-31 | $475K 10-Q 2024-05-15 | $475 10-Q 2025-11-14 | -99.9% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | $3.53M 10-Q 2023-08-14 | $1.49M 10-Q 2024-08-14 | -57.9% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2023-06-30 | $3.62M 10-Q 2023-08-14 | $1.57M 10-Q 2024-11-14 | -56.5% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | fiscal year 2024-12-31 | $17.8M 10-K 2025-03-31 | $12.3M 10-K 2026-03-31 | -30.9% | first · latest · 4 filings carry it |
| Revenue RevenueFromContractWithCustomerIncludingAssessedTax | quarter 2023-06-30 | $10.9M 10-Q 2023-08-14 | $8.55M 10-Q 2024-08-14 | -21.6% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2025-06-30 | $121M 10-Q 2025-08-14 | $115M 10-Q 2026-08-13 | -4.6% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2024-12-31 | $121M 10-K 2025-03-31 | $116M 10-Q 2026-08-13 | -4.5% | first · latest · 9 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2025-03-31 | $122M 10-Q 2025-05-15 | $116M 10-Q 2026-08-13 | -4.5% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2024-12-31 | $134M 10-K 2025-03-31 | $128M 10-K 2026-03-31 | -4.1% | first · latest · 7 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2023-12-31 | $98.8M 10-K 2024-03-18 | $101M 10-K 2026-03-31 | +2.7% | first · latest · 11 filings carry it |
| Revenue RevenueFromContractWithCustomerIncludingAssessedTax | fiscal year 2022-12-31 | $30M 10-K 2023-03-29 | $30.8M 10-K 2024-03-18 | +2.5% | first · latest |
| Revenue RevenueFromContractWithCustomerIncludingAssessedTax | fiscal year 2023-12-31 | $30M 10-K 2024-03-18 | $30.8M 10-K/A 2025-10-31 | +2.5% | first · latest · 4 filings carry it |
| Total assets Assets | balance at 2023-12-31 | $120M 10-K 2024-03-18 | $123M 10-K/A 2025-10-31 | +2.2% | first · latest · 7 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2023-06-30 | $103M 10-Q 2023-08-14 | $101M 10-Q 2024-11-14 | -2.0% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2023-06-30 | $110M 10-Q 2023-08-14 | $108M 10-Q/A 2023-10-16 | -1.9% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2022-12-31 | $96.5M 10-K 2023-03-29 | $97.7M 10-K/A 2025-10-31 | +1.3% | first · latest · 12 filings carry it |
6 share-count periods re-presented for a stock split (1-for-20) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for PED yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.