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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 |
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