See more : Enhabit, Inc. (EHAB) Income Statement Analysis – Financial Results
Complete financial analysis of Ring Energy, Inc. (REI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ring Energy, Inc., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Ring Energy, Inc. (REI)
About Ring Energy, Inc.
Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 361.06M | 347.25M | 196.31M | 113.03M | 195.70M | 120.07M | 66.70M | 30.85M | 31.01M | 38.09M | 10.32M | 1.76M | 2.62K | 8.27K | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 184.12M | 127.06M | 83.74M | 86.40M | 114.76M | 72.46M | 39.65M | 22.86M | 26.60M | 18.56M | 3.97M | 1.38M | 600.00 | 9.89K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 176.94M | 220.19M | 112.57M | 26.62M | 80.95M | 47.61M | 27.05M | 7.99M | 4.41M | 19.53M | 6.35M | 381.70K | 2.02K | -1.62K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 49.01% | 63.41% | 57.34% | 23.55% | 41.36% | 39.65% | 40.56% | 25.91% | 14.22% | 51.27% | 61.53% | 21.72% | 77.13% | -19.63% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 29.19M | 27.46M | 16.07M | 16.87M | 19.87M | 12.87M | 10.52M | 8.03M | 8.00M | 6.80M | 6.68M | 2.39M | 323.01K | 54.42K | 117.96K | 95.00 | 59.56K | 0.00 |
| Selling & Marketing | 541.80K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 123.67K | 49.61K | 0.00 |
| SG&A | 29.73M | 27.46M | 16.07M | 16.87M | 19.87M | 12.87M | 10.52M | 8.03M | 8.00M | 6.80M | 6.68M | 2.39M | 323.01K | 54.42K | 117.96K | 123.76K | 109.18K | 27.49K |
| Other Expenses | 1.43M | 983.43K | 744.05K | 906.62K | 943.71K | 606.46K | 567.97K | 487.18K | 418.38K | 154.97K | 53.68K | 20.91K | 5.47K | 2.93K | 5.04K | 0.00 | 5.95K | 604.00 |
| Operating Expenses | 31.16M | 28.44M | 16.81M | 17.78M | 20.81M | 13.47M | 11.08M | 8.51M | 8.41M | 6.96M | 6.74M | 2.41M | 328.48K | 57.35K | 123.00K | 123.76K | 115.13K | 28.09K |
| Cost & Expenses | 215.28M | 155.51M | 100.55M | 104.18M | 135.57M | 85.93M | 50.73M | 31.37M | 35.02M | 25.52M | 10.71M | 3.79M | 329.08K | 67.24K | 123.00K | 123.76K | 115.13K | 28.09K |
| Interest Income | 257.16K | 4.00 | 1.00 | 8.00 | 13.51K | 97.86K | 291.08K | 56.50K | 6.98K | 85.96K | 24.71K | 4.31K | 6.21K | 3.21K | 30.80K | 484.00 | 0.00 | 0.00 |
| Interest Expense | 43.93M | 23.17M | 14.49M | 17.62M | 13.87M | 427.90K | 291.08K | 649.01K | 749.13K | 85.96K | 9.89K | 218.81K | 6.21K | 3.21K | 211.06K | 1.46K | 4.03K | 173.00 |
| Depreciation & Amortization | 90.04M | 56.72M | 37.91M | 43.92M | 57.15M | 39.63M | 21.09M | 11.97M | 15.18M | 11.81M | 2.28M | 506.79K | 1.20K | 2.66K | 1.10K | -653.00 | 7.92K | 0.00 |
| EBITDA | 238.95M | 226.94M | 55.82M | -197.88M | 114.30M | 52.50M | 32.96M | -45.01M | 2.29M | 24.53M | 1.92M | -1.22M | -326.45K | -56.31K | -332.96K | -122.62K | -123.32K | -28.09K |
| EBITDA Ratio | 66.18% | 71.27% | 67.71% | 45.88% | 59.45% | 61.01% | 55.14% | 35.72% | 36.05% | 64.23% | 18.61% | -86.53% | -12,395.39% | -642.18% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 145.78M | 191.74M | 95.76M | 8.84M | 60.14M | 19.96M | 15.97M | -57.03M | -13.31M | 12.57M | -389.32K | -2.03M | -326.45K | -58.97K | -123.00K | -123.76K | -115.13K | -28.09K |
| Operating Income Ratio | 40.38% | 55.22% | 48.78% | 7.82% | 30.73% | 16.63% | 23.94% | -184.87% | -42.93% | 33.00% | -3.77% | -115.61% | -12,441.08% | -713.17% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -40.79M | -44.70M | -92.34M | 9.25M | -16.85M | -7.52M | -3.80M | -592.51K | -742.15K | 85.96K | 14.82K | 62.24K | 326.45K | -19.45K | -211.06K | -318.00 | -7.65K | 0.00 |
| Income Before Tax | 104.99M | 147.04M | 3.41M | -259.41M | 43.28M | 12.45M | 12.17M | -57.63M | -14.06M | 12.66M | -374.51K | -1.97M | 0.00 | -78.42K | -334.06K | -123.11K | -123.05K | 0.00 |
| Income Before Tax Ratio | 29.08% | 42.35% | 1.74% | -229.52% | 22.12% | 10.37% | 18.25% | -186.79% | -45.32% | 33.23% | -3.63% | -112.07% | 0.00% | -948.35% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 125.24K | 8.41M | 90.34K | -6.00M | 13.79M | 3.45M | 10.42M | -19.99M | -5.00M | 4.24M | 77.70K | -300.32K | -12.41K | 19.45K | 241.86K | -1.14K | 7.92K | 28.27K |
| Net Income | 104.86M | 138.64M | 3.32M | -253.41M | 29.50M | 9.00M | 1.75M | -37.64M | -9.05M | 8.42M | -452.21K | -1.67M | -320.25K | -78.42K | -334.06K | -124.08K | -127.08K | -28.27K |
| Net Income Ratio | 29.04% | 39.92% | 1.69% | -224.21% | 15.07% | 7.50% | 2.63% | -122.00% | -29.19% | 22.11% | -4.38% | -94.98% | -12,204.57% | -948.35% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.55 | 1.14 | 0.03 | -3.48 | 0.44 | 0.15 | 0.03 | -0.97 | -0.32 | 0.34 | -0.03 | -0.21 | -0.09 | -0.02 | -0.09 | -0.04 | -0.04 | -0.01 |
| EPS Diluted | 0.54 | 0.98 | 0.03 | -3.48 | 0.44 | 0.15 | 0.03 | -0.97 | -0.32 | 0.33 | -0.03 | -0.21 | -0.09 | -0.02 | -0.09 | -0.04 | -0.04 | -0.01 |
| Weighted Avg Shares Out | 190.59M | 121.26M | 99.39M | 72.89M | 66.57M | 59.53M | 51.38M | 38.71M | 28.18M | 24.74M | 16.38M | 7.95M | 3.58M | 3.55M | 3.55M | 3.22M | 3.04M | 2.10M |
| Weighted Avg Shares Out (Dil) | 195.36M | 141.75M | 121.19M | 72.89M | 66.76M | 60.85M | 52.81M | 38.71M | 28.18M | 25.89M | 16.38M | 8.07M | 3.58M | 3.55M | 3.55M | 3.22M | 3.04M | 2.10M |
Ring Energy Announces Successful Results of Senior Credit Facility Fall 2023 Redetermination and Final Payment for Founders Property Acquisition
THE WOODLANDS, Texas, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base was reaffirmed at $600 million under its $1.0 billion senior revolving credit facility (the “Credit...
Ring Energy to Present at Sidoti Virtual Investor Conference
THE WOODLANDS, Texas, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that Paul D. McKinney, Chairman and Chief Executive Officer, will present and host one-on-one meetings with investors during the...
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Ring Energy Announces Third Quarter 2023 Results and Updates Fourth Quarter 2023 Guidance
~ Matches Record for Generating Quarterly Adjusted EBITDA ~ ~ Benefiting from Solid Industry Backdrop, Targeted Capital Spending Program and Recently Completed Acquisition ~ ~ Closed on Sale of Non-Core Operated New Mexico Assets on September 27, 2023 ~ THE...
Source: https://incomestatements.info
Category: Stock Reports