Royale Energy

ROYL

Oil & Gas Exploration & Production · Energy

Price

$0.09

+0.01 (+12.50%)

Market Cap

$8.7M

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+72.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 55.9M (2021) → 96.6M (2025)

Royale Energy is a small oil and natural gas company based in California. It finds and drills for oil and gas, mainly in California's onshore fields, and sells the energy it produces to utilities and other buyers. The company has historically focused on natural gas production in the state.

Royale Energy makes money by selling the oil and gas it pulls out of the ground. It is a very small operator — its market cap is essentially zero — and it competes against much larger exploration companies with far more resources and drilling capacity. The negative gross and operating margins show the company is currently spending more than it earns from production. The biggest risk facing Royale Energy is its financial fragility: low commodity prices, high operating costs, or difficulty securing drilling capital could threaten its ability to stay in business.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+2.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+70.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

36.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 years

$6M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$6M cash & investments at current burn rate

Growth context

Royale Energy is growing revenue at 3% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

24.6%

Thin — 24.6% gross margin

Operating Margin

-80.6%

Losing money on operations — -80.6%

ROCE

N/A

—

Data not available

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Growth

Sales YoY

-20.2%

Shrinking sales (-20.2% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-209.2%

Burning cash (-209.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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