ROYL 最新10-K变化
将 ROYL 最新的定期申报(10-K/10-Q)与上一份同类型申报逐章节对比:每个章节新增/删除的段落数与原文摘录。全部为确定性文本对比——无相似度评分、无方向判断、非投资建议。
对比:10-K · 2026-07-13 与上一份 10-K · 2025-04-09
| 章节 | 结果 | 新增 | 删除 | 微调 | 未变 |
|---|---|---|---|---|---|
| 业务概况 | 文字有新增/删除 | +4 | −369 | ~35 | 21 |
| 风险因素 | 文字有新增/删除 | +4 | −369 | ~35 | 21 |
| 法律诉讼 | 文字有新增/删除 | +32 | −348 | ~37 | 40 |
| 管理层讨论与分析 | 文字有新增/删除 | +30 | −357 | ~33 | 33 |
计数单位为段落;"新增/删除"指相对上一份文件新增/删除的文字,不含方向或好坏判断。
未列出(无法可靠提取或缺失):市场风险(第7A项)
代表性摘录
每个章节最多 5 条、每条约 300 字符的原文摘录,直接来自两份 SEC 文件。
业务概况
相对上期新增的文字 · 来源:10-K · 2026-07-13
On September 3, 2025, the Company, through its wholly-owned subsidiary Royale Energy Funds, Inc, acquired certain non-operated working and net revenue interests in seven gross ( .189 net) producing horizontal wells and approximately 382.9 net acres of associated leasehold acreage within the Pradera …
Royale and its subsidiaries own wells, leases, and proved and non-proved reserves of oil and natural gas located mainly in Mitchell County and Ector County, Texas and in the Sacramento Basin and San Joaquin Basin in California, as well as in, Oklahoma. Royale also owns an overriding royalty interest…
During its fiscal year ended December 31, 2025, Royale continued to explore and develop oil and natural gas properties with concentration in Texas. In 2025, Royale participated in the drilling of one gross (0.0035 net) wells, which was commercially productive. Royale’s estimated total proved reserve…
Oil production from the operated Jameson property, in Texas, is sold to Energy Transfer Crude Marketing LLC, less transportation on a renewable evergreen contract based on West Texas Intermediate spot prices. The natural gas is sold pursuant to a long term contract with WTG Jameson, L.P., based on H…
相对上期删除的文字 · 来源:10-K · 2025-04-09
Royale and its subsidiaries own wells, leases, and proved and non-proved reserves of oil and gas located mainly in Mitchell County and Ector County, Texas and in the Sacramento Basin and San Joaquin Basin in California, as well as in, Oklahoma. Royale also owns an overriding royalty interest in a di…
During its fiscal year ended December 31, 2024, Royale continued to explore and develop oil and natural gas properties with concentration in Texas. In 2024, Royale participated in the drilling of four gross (0.0722 net) wells, which were all commercially productive. Royale’s estimated total reserves…
On September 16, 2022, California Governor Gavin Newsom signed Senate Bill No. 1137 (SB 1137) into law, prohibiting the issuance of well permits and the construction and operation of new production facilities within a “health protection zone” of 3,200 feet from certain sensitive receptors, such as h…
In December 2022, proponents of a voter referendum initiated a challenge to SB 1137 (the “Referendum”) and collected the requisite signatures to place SB 1137 on the November 2024 ballot. On February 3, 2023, the California Secretary of State certified that the requisite number of signatures had bee…
However, on June 27, 2024, the oil industry withdrew its referendum challenging SB 1137, allowing the law to take effect immediately. This development means that the restrictions and requirements outlined in SB 1137 are now in force, impacting our operations within the designated health protection z…
风险因素
相对上期新增的文字 · 来源:10-K · 2026-07-13
On September 3, 2025, the Company, through its wholly-owned subsidiary Royale Energy Funds, Inc, acquired certain non-operated working and net revenue interests in seven gross ( .189 net) producing horizontal wells and approximately 382.9 net acres of associated leasehold acreage within the Pradera …
Royale and its subsidiaries own wells, leases, and proved and non-proved reserves of oil and natural gas located mainly in Mitchell County and Ector County, Texas and in the Sacramento Basin and San Joaquin Basin in California, as well as in, Oklahoma. Royale also owns an overriding royalty interest…
During its fiscal year ended December 31, 2025, Royale continued to explore and develop oil and natural gas properties with concentration in Texas. In 2025, Royale participated in the drilling of one gross (0.0035 net) wells, which was commercially productive. Royale’s estimated total proved reserve…
Oil production from the operated Jameson property, in Texas, is sold to Energy Transfer Crude Marketing LLC, less transportation on a renewable evergreen contract based on West Texas Intermediate spot prices. The natural gas is sold pursuant to a long term contract with WTG Jameson, L.P., based on H…
相对上期删除的文字 · 来源:10-K · 2025-04-09
Royale and its subsidiaries own wells, leases, and proved and non-proved reserves of oil and gas located mainly in Mitchell County and Ector County, Texas and in the Sacramento Basin and San Joaquin Basin in California, as well as in, Oklahoma. Royale also owns an overriding royalty interest in a di…
During its fiscal year ended December 31, 2024, Royale continued to explore and develop oil and natural gas properties with concentration in Texas. In 2024, Royale participated in the drilling of four gross (0.0722 net) wells, which were all commercially productive. Royale’s estimated total reserves…
On September 16, 2022, California Governor Gavin Newsom signed Senate Bill No. 1137 (SB 1137) into law, prohibiting the issuance of well permits and the construction and operation of new production facilities within a “health protection zone” of 3,200 feet from certain sensitive receptors, such as h…
In December 2022, proponents of a voter referendum initiated a challenge to SB 1137 (the “Referendum”) and collected the requisite signatures to place SB 1137 on the November 2024 ballot. On February 3, 2023, the California Secretary of State certified that the requisite number of signatures had bee…
However, on June 27, 2024, the oil industry withdrew its referendum challenging SB 1137, allowing the law to take effect immediately. This development means that the restrictions and requirements outlined in SB 1137 are now in force, impacting our operations within the designated health protection z…
法律诉讼
相对上期新增的文字 · 来源:10-K · 2026-07-13
During the fiscal year ended December 31, 2025, we did not issue any unregistered securities.
During the fiscal year ended December 31, 2024, we issued the following unregistered securities in transactions exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and/or Regulation D thereunder:
Royale issued 1,299,641 shares of common stock to its officers, directors, and consultants in lieu of cash compensation for services rendered. These shares were issued at prevailing market prices or pursuant to existing contractual arrangements, and no underwriters or selling agents were involved.
The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We consider an accounting estimate to be critical if it requires difficult, subjective, or complex j…
Management considers the estimation of proved oil and natural gas reserve quantities to be the most critical of these estimates, because those quantities drive the rate at which the Company depletes its oil and gas properties under the unit-of-production method and are the basis on which proved prop…
相对上期删除的文字 · 来源:10-K · 2025-04-09
Item 5 Market for Common Equity and Related Stockholder Matters 12
Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations 13
Item 7A Qualitative and Quantitative Disclosures About Market Risk 17
Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 17
Item 10 Directors, Executive Officers and Corporate Governance 19
管理层讨论与分析
相对上期新增的文字 · 来源:10-K · 2026-07-13
Management’s Discussion and Analysis of Financial Condition and Results of Operations provides management’s analysis of the Company’s financial performance and of significant trends that may affect future performance. It should be read in conjunction with the financial statements and notes, and supp…
The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. We consider an accounting estimate to be critical if it requires difficult, subjective, or complex j…
Management considers the estimation of proved oil and natural gas reserve quantities to be the most critical of these estimates, because those quantities drive the rate at which the Company depletes its oil and gas properties under the unit-of-production method and are the basis on which proved prop…
Changes in estimated proved reserves have a direct and measurable effect on the Company’s results of operations. Depreciation, depletion and amortization expense was $259,438 for the year ended December 31, 2025, compared to $308,523 for 2024; the decrease of $49,085, or 15.9%, resulted from an incr…
We recognize an asset retirement obligation (“ARO”) for the estimated present value of the future costs to plug and abandon wells, remove equipment and facilities, and restore land and surface conditions. ARO estimates require significant judgment regarding the timing of retirement activities, futur…
相对上期删除的文字 · 来源:10-K · 2025-04-09
Item 7A Qualitative and Quantitative Disclosures About Market Risk 17
Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 17
Item 10 Directors, Executive Officers and Corporate Governance 19
Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 24
Item 13 Certain Relationships and Related Transactions, and Director Independence 25
如何读 10-Q 的风险因素(第 1A 项)
10-Q 的风险因素章节有三种常见形态,本页按其一分类展示:
- 指向(pointer) — 公司仅声明"无重大变化"并指向年度 10-K 的完整风险因素;本季没有自己的风险文本可对比。
- 部分更新(partial) — 公司写明"除下述外无重大变化",只更新部分风险;摘录展示的正是本季新增的内容。
- 全文重述(restated) — 本季重新给出完整风险因素。若上一季只是"指向",则无法逐段对比,本页会将其标为"本季全文重述"。
这只是对文件结构的客观描述,不构成对风险高低的判断。
数据来自 SEC EDGAR 两份申报文件的文本级对比 · 确定性计算(无 AI 生成内容)· 仅供参考 · 非投资建议