Ridgewood Energy V Fund Files 10-Q, Details Fund Structure

TL;DR

This 10-Q is a procedural filing for RIDGEWOOD ENERGY V FUND LLC, offering structural details but no financial performance, so don't expect any market-moving news.

AI Summary

RIDGEWOOD ENERGY V FUND LLC, an oil and gas exploration services company, filed its 10-Q for the period ending June 30, 2025. The filing indicates a focus on managing its LLC interests and fund manager relationships, with no specific revenue or net income figures disclosed in the provided excerpt. The company's financial structure involves 'SharesOfLlcInterestMember', 'FundManagerMember', and 'FundShareholdersMember' as key components of its equity and operational framework. The report covers the quarterly periods ending March 31, 2025, and June 30, 2025, as well as the year-to-date periods for 2025 and 2024. The company's business address is 1254 Enclave Parkway, Houston, TX 77077, and its phone number is 201-447-9000. The filing also references 'InstitutionalFundsMember' for both quarterly and year-to-date periods in 2024 and 2025, suggesting a component of its capital structure involves institutional investments. The lack of specific financial performance metrics like revenue or net income in the provided text makes a detailed financial analysis challenging.

Why It Matters

For investors, this 10-Q provides insight into RIDGEWOOD ENERGY V FUND LLC's operational structure, particularly its relationships with fund managers and shareholders, which is crucial for understanding governance and potential returns. The absence of specific financial performance data in the excerpt, however, limits a full assessment of its competitive standing in the oil and gas exploration sector. Employees and customers are less directly impacted by this particular filing, which focuses on internal fund mechanics rather than operational results. The broader market might view this as a routine disclosure for a private fund, with limited immediate impact on the wider energy sector given the lack of performance metrics.

Risk Assessment

Risk Level: medium — The risk level is medium due to the lack of specific financial performance data (revenue, net income) in the provided 10-Q excerpt, making it impossible to assess the company's financial health or operational risks. While the filing details fund structure, the absence of monetary figures for 'SharesOfLlcInterestMember' or 'InstitutionalFundsMember' prevents a quantitative risk assessment.

Analyst Insight

Investors should seek out the full 10-Q filing to find specific financial performance metrics like revenue, net income, and asset values before making any investment decisions. Without these crucial numbers, it's impossible to gauge the fund's profitability or stability.

Key Players & Entities

• RIDGEWOOD ENERGY V FUND LLC (company) — filer of the 10-Q
• SEC (regulator) — recipient of the 10-Q filing
• 0001385662 (company) — Central Index Key (CIK) for RIDGEWOOD ENERGY V FUND LLC
• 1254 Enclave Parkway (company) — business address of RIDGEWOOD ENERGY V FUND LLC
• Houston (company) — city of RIDGEWOOD ENERGY V FUND LLC's business address
• TX (company) — state of RIDGEWOOD ENERGY V FUND LLC's business address
• 77077 (company) — zip code of RIDGEWOOD ENERGY V FUND LLC's business address
• 201-447-9000 (company) — business phone number of RIDGEWOOD ENERGY V FUND LLC
• June 30, 2025 (date) — end of the quarterly period reported
• August 7, 2025 (date) — filing date of the 10-Q

FAQ

Industry Context

Ridgewood Energy V Fund LLC operates in the Oil and Gas Field Exploration Services sector. This industry is characterized by significant capital requirements, cyclical commodity prices, and evolving regulatory landscapes. Companies in this space often focus on acquiring and developing oil and gas reserves, or providing specialized services to support exploration and production activities.

Regulatory Implications

As an oil and gas exploration services company, RIDGEWOOD ENERGY V FUND LLC is subject to various environmental, safety, and operational regulations. Compliance with these regulations is critical to avoid penalties and maintain operational licenses. Changes in energy policy or environmental standards could impact exploration activities and associated costs.

What Investors Should Do

1. Seek detailed financial statements
2. Analyze fund manager and shareholder structure
3. Monitor industry trends in oil and gas exploration

Key Dates

• 2025-06-30: Quarterly period end — This is the end date for the current 10-Q filing, reflecting the company's financial position and performance for the second quarter of 2025.
• 2025-08-07: 10-Q Filing Date — Indicates when the company officially submitted its quarterly report to the SEC, making the information publicly available.
• 2025-04-01: Start of Q2 2025 — Marks the beginning of the second fiscal quarter for which financial data is reported in this 10-Q.
• 2024-06-30: Prior year quarterly period end — Serves as a comparative point for year-over-year performance analysis in the current 10-Q filing.

Glossary

SharesOfLlcInterestMember

Represents the ownership interests or shares held within a Limited Liability Company (LLC). (A key component of RIDGEWOOD ENERGY V FUND LLC's equity structure, indicating how ownership is divided and managed.)

FundManagerMember

Refers to the entity or individual responsible for managing the fund's operations and investments. (Highlights the governance and management structure of RIDGEWOOD ENERGY V FUND LLC, crucial for understanding operational oversight.)

FundShareholdersMember

Individuals or entities who hold shares or ownership stakes in the fund. (Indicates the investor base of RIDGEWOOD ENERGY V FUND LLC and their relationship to the fund's structure.)

InstitutionalFundsMember

Represents investments made by institutional investors, such as pension funds, endowments, or other financial institutions. (Suggests that RIDGEWOOD ENERGY V FUND LLC attracts capital from larger, professional investment entities, impacting its capital structure and potential growth.)

SIC [1382]

Standard Industrial Classification code for Oil and Gas Field Exploration Services. (Categorizes RIDGEWOOD ENERGY V FUND LLC within the oil and gas exploration sector, providing context for its business operations and industry peers.)

Year-Over-Year Comparison

This 10-Q filing covers the period ending June 30, 2025. Without access to the prior year's 10-Q (ending June 30, 2024) or comparative financial statements within this excerpt, a direct year-over-year comparison of key metrics like revenue growth, margin changes, or debt levels cannot be performed. The structure of the filing indicates a focus on LLC interests and fund management relationships, which may or may not represent a significant change from previous reporting periods.

Filing Documents

• v71425010q.htm (10-Q) — 363KB
• ex31_1.htm (EX-31.1) — 9KB
• ex31_2.htm (EX-31.2) — 9KB
• ex32.htm (EX-32) — 8KB
• 0001214659-25-011651.txt ( ) — 1824KB
• cik0001385662-20250630.xsd (EX-101.SCH) — 20KB
• cik0001385662-20250630_cal.xml (EX-101.CAL) — 32KB
• cik0001385662-20250630_def.xml (EX-101.DEF) — 24KB
• cik0001385662-20250630_lab.xml (EX-101.LAB) — 150KB
• cik0001385662-20250630_pre.xml (EX-101.PRE) — 100KB
• v71425010q_htm.xml (XML) — 194KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Balance Sheets as of June 30, 2025 and December 31, 2024 1 Unaudited Condensed Statements of Operations for the three and six months ended June 30, 2025 and 2024 2 Unaudited Condensed Statements of Changes in Members' Capital for the six months ended June 30, 2025 and 2024 3 Unaudited Condensed Statements of Cash Flows for the six months ended June 30, 2025 and 2024 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 18

SIGNATURES

SIGNATURES 19 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS RIDGEWOOD ENERGY V FUND, LLC UNAUDITED CONDENSED BALANCE SHEETS (in thousands, except share data) June 30, 2025 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,420 $ 1,079 Salvage fund 356 482 Production receivable 134 160 Due from affiliate (Note 2) 17 18 Other current assets 1 43 Total current assets 1,928 1,782 Salvage fund 1,142 1,424 Oil and gas properties: Proved properties 21,569 21,568 Less: accumulated depletion and amortization ( 20,023 ) ( 19,613 ) Total oil and gas properties, net 1,546 1,955 Total assets $ 4,616 $ 5,161 Liabilities and Members' Capital Current liabilities: Due to operators $ 32 $ 20 Accrued expenses 48 60 Asset retirement obligations 356 482 Total current liabilities 436 562 Due to operators 17 17 Asset retirement obligations 1,154 1,104 Total liabilities 1,607 1,683 Commitments and contingencies (Note 3) Members' capital: Manager: Distributions ( 8,768 ) ( 8,721 ) Retained earnings 10,651 10,567 Manager's total 1,883 1,846 Shareholders: Capital contributions ( 850 shares authorized; 513.1226 issued and outstanding) 76,006 76,006 Syndication costs ( 8,675 ) ( 8,675 ) Distributions ( 49,686 ) ( 49,418 ) Accumulated deficit ( 16,519 ) ( 16,281 ) Shareholders' total 1,126 1,632 Total members' capital 3,009 3,478 Total liabilities and members' capital $ 4,616 $ 5,161 The accompanying notes are an integral part of these unaudited condensed financial statements. 1 Table of Contents RIDGEWOOD ENERGY V FUND, LLC UNAUDITED CONDENSED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Revenue Oil and gas revenue $ 400 $ 704 $ 852 $ 1,288 Other revenue 63 52 128 74 Total revenue 463 756 980 1,362 Expenses Depletion and amortization 5

View Full Filing

View this 10-Q filing on SEC EDGAR