Ridgewood Energy Y Fund Reports Stable LLC Interests

TL;DR

RIDGEWOOD ENERGY Y FUND LLC's static LLC interest shares indicate a lack of significant capital movement, suggesting a holding pattern for investors.

AI Summary

RIDGEWOOD ENERGY Y FUND LLC's 10-Q filing for the quarter ended June 30, 2025, primarily details changes in its LLC interests rather than traditional revenue or net income figures, as it operates as a fund. The filing indicates that the Fund Manager's LLC interest remained constant at 100 shares for both the three and six months ended June 30, 2025, and June 30, 2024. Similarly, Fund Shareholders' LLC interest also held steady at 100 shares for the same periods. Total shares of LLC interest were consistently 200 shares across all reported periods, including December 31, 2024, and March 31, 2025. The fund's structure as an oil and gas exploration services entity means its financial performance is tied to its investment activities, which are not explicitly detailed in terms of specific dollar amounts for revenue or net income in this summary. Key business changes are not discernible from the provided data, which focuses on ownership structure. Risks are implicitly tied to the oil and gas sector, but no specific new risks or strategic outlooks are outlined in the provided excerpt.

Why It Matters

For investors, the consistent LLC interest shares at RIDGEWOOD ENERGY Y FUND LLC suggest a stable ownership structure, which can be a double-edged sword; stability can imply predictability, but also a lack of new capital infusion or significant divestment. Employees are not directly impacted by these ownership figures, but the fund's overall health, which isn't detailed here, would affect them. Customers of the fund's underlying oil and gas exploration services would be more concerned with operational performance and market conditions, which are not covered. In a competitive context, a fund with static ownership might be seen as less dynamic than peers actively raising capital or adjusting stakes, potentially impacting its ability to pursue new opportunities in the oil and gas market.

Risk Assessment

Risk Level: medium — The risk level is medium because while the ownership structure appears stable with 200 total LLC interests consistently reported, the filing lacks specific financial performance data like revenue or net income, which are crucial for assessing the fund's operational health and market risks in the volatile oil and gas sector. Without these details, investors face uncertainty regarding the fund's profitability and exposure to industry-specific downturns.

Analyst Insight

Investors should seek additional financial disclosures from RIDGEWOOD ENERGY Y FUND LLC, specifically regarding its revenue, net income, and investment portfolio performance, before making any decisions. The current filing only provides ownership structure, which is insufficient for a comprehensive investment analysis.

Key Numbers

• 100 shares — Fund Manager LLC Interest (Consistent for both 2025 and 2024 periods, indicating stable management ownership.)
• 100 shares — Fund Shareholders LLC Interest (Consistent for both 2025 and 2024 periods, showing stable investor ownership.)
• 200 shares — Total LLC Interest (Consistent across all reported periods, reflecting no change in overall equity structure.)
• June 30, 2025 — Reporting Period End Date (The latest period for which financial information is provided in this 10-Q.)

Key Players & Entities

• RIDGEWOOD ENERGY Y FUND LLC (company) — filer of the 10-Q
• Fund Manager (company) — holder of LLC interest
• Fund Shareholders (person) — holders of LLC interest
• 100 shares (dollar_amount) — LLC interest held by Fund Manager and Fund Shareholders
• 200 shares (dollar_amount) — total shares of LLC interest
• June 30, 2025 (date) — end of the reporting period
• December 31, 2024 (date) — previous fiscal year-end
• March 31, 2025 (date) — previous quarter-end
• Oil and Gas Field Exploration Services (company) — industry classification of the fund
• SEC (regulator) — recipient of the 10-Q filing

FAQ

Industry Context

Ridgewood Energy Y Fund LLC operates within 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 are sensitive to global energy demand, geopolitical events, and technological advancements in exploration and production.

Regulatory Implications

As a Delaware-incorporated entity operating in the oil and gas sector, RIDGEWOOD ENERGY Y FUND LLC is subject to federal and state regulations concerning environmental protection, resource extraction, and financial reporting. Compliance with SEC regulations, such as the timely filing of 10-Q reports, is critical for maintaining transparency and investor confidence.

What Investors Should Do

1. Monitor oil and gas sector trends
2. Analyze the fund's investment strategy

Key Dates

• 2025-06-30: Quarterly period end date — This is the primary reporting date for the 10-Q filing, indicating the end of the period for which financial information is presented.
• 2025-08-07: Filing date of the 10-Q — Indicates when the company submitted its quarterly report to the SEC, providing investors with updated financial and operational information.

Glossary

LLC Interest

Represents ownership units in a Limited Liability Company (LLC). In this context, it reflects the equity structure of RIDGEWOOD ENERGY Y FUND LLC. (The filing focuses on changes and stability in LLC interests rather than traditional share counts, highlighting the fund's ownership structure.)

OIL AND GAS FIELD EXPLORATION SERVICES

This is the Standard Industrial Classification (SIC) code for companies engaged in exploring for oil and gas fields, including geological and geophysical surveying and lease acquisitions. (Defines the core business sector of RIDGEWOOD ENERGY Y FUND LLC, implying that its financial performance is linked to the dynamics of the oil and gas exploration industry.)

Year-Over-Year Comparison

This 10-Q filing for the period ending June 30, 2025, indicates a stable ownership structure with no changes in the number of LLC interests held by the Fund Manager or Fund Shareholders. The total LLC interest remains constant at 200 shares across reported periods, suggesting no significant equity transactions or capital raises. Specific financial performance metrics like revenue or net income are not detailed in the provided summary, making a direct comparison of financial growth or margin changes to previous filings impossible based on this excerpt.

Filing Documents

• y71425010q.htm (10-Q) — 400KB
• ex31_1.htm (EX-31.1) — 10KB
• ex31_2.htm (EX-31.2) — 9KB
• ex32.htm (EX-32) — 7KB
• 0001214659-25-011654.txt ( ) — 1918KB
• ridg-20250630.xsd (EX-101.SCH) — 21KB
• ridg-20250630_cal.xml (EX-101.CAL) — 34KB
• ridg-20250630_def.xml (EX-101.DEF) — 24KB
• ridg-20250630_lab.xml (EX-101.LAB) — 156KB
• ridg-20250630_pre.xml (EX-101.PRE) — 103KB
• y71425010q_htm.xml (XML) — 205KB

- 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 17 Item 4.

Controls and Procedures

Controls and Procedures 17

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 18 Item 1A.

Risk Factors

Risk Factors 18 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 18 Item 3. Defaults Upon Senior Securities 18 Item 4. Mine Safety Disclosures 18 Item 5. Other Information 18 Item 6. Exhibits 19

SIGNATURES

SIGNATURES 20 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS RIDGEWOOD ENERGY Y FUND, LLC UNAUDITED CONDENSED BALANCE SHEETS (in thousands, except share data) June 30, 2025 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,993 $ 1,994 Salvage fund - 103 Production receivable 375 430 Due from affiliate (Note 2) 18 19 Other current assets 110 54 Total current assets 2,496 2,600 Salvage fund 3,956 3,642 Investment in Delta House 119 119 Oil and gas properties: Advances to operators for capital expenditures 69 - Proved properties 31,938 31,728 Less: accumulated depletion and amortization ( 27,909 ) ( 27,232 ) Total oil and gas properties, net 4,098 4,496 Total assets $ 10,669 $ 10,857 Liabilities and Members' Capital Current liabilities: Due to operators $ 73 $ 60 Accrued expenses 47 59 Asset retirement obligations - 103 Total current liabilities 120 222 Asset retirement obligations 3,624 3,539 Total liabilities 3,744 3,761 Commitments and contingencies (Note 3) Members' capital: Manager: Distributions ( 9,800 ) ( 9,662 ) Retained earnings 10,714 10,504 Manager's total 914 842 Shareholders: Capital contributions ( 500 shares authorized; 492.3709 issued and outstanding) 97,818 97,818 Syndication costs ( 11,668 ) ( 11,668 ) Distributions ( 57,172 ) ( 56,391 ) Accumulated deficit ( 22,967 ) ( 23,505 ) Shareholders' total 6,011 6,254 Total members' capital 6,925 7,096 Total liabilities and members' capital $ 10,669 $ 10,857 The accompanying notes are an integral part of these unaudited condensed financial statements. 1 Table of Contents RIDGEWOOD ENERGY Y 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 $ 1,095 $ 1,780 $ 2,332 $ 3,275 Other revenue 64 54 131 77 Total

View Full Filing

View this 10-Q filing on SEC EDGAR