The Reserve Petroleum Company reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.013471 million compared to USD 0.000803 million a year ago. Revenue was USD 3.62 million compared to USD 3.2 million a year ago. Net income was USD 1.03 million compared to USD 0.642719 million a year ago. Basic earnings per share from continuing operations was USD 6.6 compared to USD 4.11 a year ago.
For the nine months, sales was USD 0.155272 million compared to USD 0.009803 million a year ago. Revenue was USD 11.78 million compared to USD 6.37 million a year ago. Net income was USD 3.54 million compared to USD 1.55 million a year ago. Basic earnings per share from continuing operations was USD 22.69 compared to USD 9.87 a year ago.