NYSEAMERICAN : REI
Ring Energy, Inc. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 1.43 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 372.57M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ring Energy, Inc. (REI) reported revenue of 308.34M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 308.34M | 292.87M | 350.21M | 342.92M | 330.12M | 187.18M |
| Cost of Revenue | 72.49M | 75.22M | 74.73M | 65.52M | 46.91M | 34.65M |
| Gross Profit | 235.85M | 217.64M | 275.48M | 277.40M | 283.22M | 152.54M |
| Selling, General & Admin | 36.20M | 37.34M | 34.42M | 34.83M | 30.08M | 16.59M |
| Other Operating Expenses | 51.28M | -22.26M | 11.82M | 5.42M | 27.19M | 80.87M |
| Operating Expenses | 177.23M | 111.50M | 144.94M | 128.85M | 113.01M | 134.63M |
| Operating Income | 58.62M | 106.15M | 130.53M | 148.55M | 170.21M | 17.90M |
| Interest Expense | -36.15M | -40.43M | -43.31M | -43.93M | -23.17M | -14.49M |
| Interest & Investment Income | 350.23K | 290.88K | 491.95K | 257.15K | 4.00 | 1.00 |
| Other Non Operating Income (Expenses) | 45.02K | 189.29K | 106.66K | 198.94K | ||
| EBT Excluding Unusual Items | 22.86M | 66.20M | 87.82M | 105.08M | 147.04M | 3.41M |
| Gain (Loss) on Sale of Assets | 270.65K | 446.40K | 89.69K | -87.13K | ||
| Asset Writedown | -270.91M | -108.83M | ||||
| Pretax Income | -247.78M | -42.18M | 87.91M | 104.99M | 147.04M | 3.41M |
| Income Tax Expense | -27.50M | -7.45M | 20.44M | 125.24K | 8.41M | 90.34K |
| Net Income | -220.27M | -34.73M | 67.47M | 104.86M | 138.64M | 3.32M |
| Net Income to Common | -220.27M | -34.73M | 67.47M | 104.86M | 138.64M | 3.32M |
| Shares Outstanding (Basic) | 214.13M | 204.98M | 197.94M | 190.59M | 121.26M | 99.39M |
| Shares Outstanding (Diluted) | 214.13M | 204.98M | 200.28M | 195.36M | 141.75M | 121.19M |
| EPS (Basic) | -1.03 | -0.17 | 0.34 | 0.55 | 1.14 | 0.03 |
| EPS (Diluted) | -1.03 | -0.17 | 0.34 | 0.54 | 0.98 | 0.03 |
| Free Cash Flow | 20.34M | -28.93M | 38.08M | 42.96M | 65.76M | 19.49M |
| Free Cash Flow Per Share | 0.10 | -0.14 | 0.19 | 0.22 | 0.46 | 0.16 |
| Gross Margin | 76.49% | 74.31% | 78.66% | 80.89% | 85.79% | 81.49% |
| Operating Margin | 19.01% | 36.24% | 37.27% | 43.32% | 51.56% | 9.56% |
| Profit Margin | -71.44% | -11.86% | 19.27% | 30.58% | 41.99% | 1.77% |
| Free Cash Flow Margin | 6.60% | -9.88% | 10.87% | 12.53% | 19.92% | 10.41% |
| EBITDA | 149.95M | 204.05M | 230.62M | 238.58M | 226.94M | 55.82M |
| EBITDA Margin | 48.63% | 69.67% | 65.85% | 69.57% | 68.74% | 29.82% |
| D&A For EBITDA | 91.33M | 97.90M | 100.08M | 90.04M | 56.72M | 37.91M |
| EBIT | 58.62M | 106.15M | 130.53M | 148.55M | 170.21M | 17.90M |
| EBIT Margin | 19.01% | 36.24% | 37.27% | 43.32% | 51.56% | 9.56% |
| Effective Tax Rate | 23.25% | 0.12% | 5.72% | 2.65% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.14M | 902.91K | 1.87M | 296.38K | 3.71M | 2.41M |
| Cash & Short-Term Investments | 1.14M | 902.91K | 1.87M | 296.38K | 3.71M | 2.41M |
| Receivables | 44.54M | 32.56M | 37.26M | 41.39M | 43.43M | 26.46M |
| Inventory | 5.63M | 5.31M | 4.05M | 6.14M | 9.25M | |
| Prepaid Expenses | 3.20M | 1.82M | 1.78M | 1.87M | 2.10M | 938.03K |
| Other Current Assets | 6.34M | 21.47M | 5.50M | 6.22M | 4.67M | |
| Total Current Assets | 60.84M | 62.07M | 50.45M | 55.91M | 63.17M | 29.81M |
| Property, Plant & Equipment | 1.20B | 1.33B | 1.34B | 1.30B | 1.18B | 652.64M |
| Long-Term Deferred Charges | 7.99M | 9.34M | 8.15M | 13.03M | 17.90M | 1.71M |
| Other Long-Term Assets | 10.15M | 9.74M | 5.47M | 11.63M | 6.13M | |
| Total Assets | 1.28B | 1.41B | 1.41B | 1.38B | 1.27B | 684.16M |
| Accounts Payable | 98.07M | 97.52M | 95.73M | 104.06M | 111.40M | 46.23M |
| Short-Term Debt | 1.50M | 505.75K | 496.40K | 533.73K | 499.88K | 586.41K |
| Current Portion of Leases | 1.19M | 1.32M | 1.55M | 1.52M | 1.11M | 607.28K |
| Current Income Taxes Payable | 514.97K | 356.44K | 328.99K | |||
| Other Current Liabilities | 11.66M | 1.26M | 6.93M | 7.69M | 28.79M | 29.24M |
| Total Current Liabilities | 112.93M | 100.96M | 105.04M | 113.81M | 141.79M | 76.67M |
| Long-Term Debt | 360.00M | 420.00M | 385.00M | 425.00M | 415.00M | 290.00M |
| Long-Term Leases | 1.10M | 1.41M | 2.05M | 2.96M | 2.53M | 1.48M |
| Long-Term Deferred Tax Liabilities | 11.24M | 20.76M | 28.59M | 8.55M | 8.50M | 90.29K |
| Other Long-Term Liabilities | 42.86M | 32.49M | 28.78M | 39.59M | 40.08M | 15.29M |
| Total Liabilities | 528.13M | 575.62M | 549.46M | 589.91M | 607.90M | 383.53M |
| Common Stock | 260.52K | 207.66K | 198.56K | 196.84K | 175.53K | 100.19K |
| Additional Paid-In Capital | 879.94M | 812.78M | 800.42M | 795.83M | 775.24M | 553.47M |
| Retained Earnings | -126.78M | 23.29M | 58.02M | -9.45M | -114.31M | -252.95M |
| Shareholders' Equity | 753.42M | 836.28M | 858.64M | 786.58M | 661.10M | 300.62M |
| Total Liabilities & Equity | 1.28B | 1.41B | 1.41B | 1.38B | 1.27B | 684.16M |
| Total Debt | 363.78M | 423.24M | 389.10M | 430.02M | 419.13M | 292.68M |
| Net Cash (Debt) | -362.65M | -422.33M | -387.24M | -429.72M | -415.42M | -290.27M |
| Net Cash Per Share | -1.69 | -2.06 | -1.93 | -2.20 | -2.93 | -2.40 |
| Filing Date Shares Outstanding | 260.54M | 209.40M | 199.96M | 197.93M | 180.63M | 100.19M |
| Total Common Shares Outstanding | 260.52M | 207.66M | 198.56M | 196.84M | 175.53M | 100.19M |
| Working Capital | -52.09M | -38.89M | -54.59M | -57.90M | -78.63M | -46.86M |
| Book Value Per Share | 2.89 | 4.03 | 4.32 | 4.00 | 3.77 | 3.00 |
| Tangible Book Value | 753.42M | 836.28M | 858.64M | 786.58M | 661.10M | 300.62M |
| Tangible Book Value Per Share | 2.89 | 4.03 | 4.32 | 4.00 | 3.77 | 3.00 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -220.27M | -34.73M | 67.47M | 104.86M | 138.64M | 3.32M |
| Depreciation & Amortization | 91.33M | 97.90M | 100.08M | 90.04M | 56.72M | 37.91M |
| Other Amortization | 2.77M | 4.46M | 4.97M | 4.92M | 2.71M | 665.88K |
| Loss (Gain) From Sale of Assets | -270.65K | -446.40K | -89.69K | |||
| Asset Writedown & Restructuring Costs | 270.91M | 108.83M | ||||
| Stock-Based Compensation | 6.77M | 6.14M | 5.51M | 8.83M | 7.16M | 2.42M |
| Provision & Write-off of Bad Debts | 93.34K | 19.03K | 160.85K | 134.01K | 242.25K | |
| Other Operating Activities | -5.67M | -34.06M | 17.11M | -12.28M | -32.27M | 25.35M |
| Change in Accounts Receivable | -5.25M | 4.45M | 3.59M | 1.15M | -17.21M | -9.48M |
| Change in Inventory | -241.71K | -1.26M | 2.09M | 3.11M | -5.60M | |
| Change in Accounts Payable | 17.07M | 474.74K | -5.08M | -1.45M | 50.81M | 15.45M |
| Change in Other Net Operating Assets | -1.46M | -945.90K | -1.49M | -1.64M | -3.90M | -2.73M |
| Operating Cash Flow | 155.87M | 150.85M | 194.42M | 198.17M | 196.98M | 72.73M |
| Capital Expenditures | -135.52M | -179.78M | -156.34M | -155.21M | -131.22M | -53.24M |
| Sale of Property, Plant & Equipment | 4.97M | 17.46K | 5.63M | 1.89M | 158.30K | 2.00M |
| Cash Acquisitions | -80.74M | -177.82M | ||||
| Divestitures | -144.40K | 11.49M | ||||
| Other Investing Activities | 160.53K | 260.45K | ||||
| Investing Cash Flow | -130.39M | -179.50M | -150.85M | -222.57M | -308.88M | -51.24M |
| Short-Term Debt Issued | 1.65M | 1.56M | 1.64M | 1.32M | 1.30M | |
| Long-Term Debt Issued | 231.82M | 130.00M | 225.00M | 636.00M | 60.15M | |
| Total Debt Issued | 166.16M | 233.47M | 131.56M | 226.64M | 637.32M | 61.45M |
| Short-Term Debt Repaid | -1.64M | -1.60M | -1.60M | -1.41M | -711.31K | |
| Long-Term Debt Repaid | -197.31M | -170.95M | -215.78M | -511.50M | -83.48M | |
| Total Debt Repaid | -254.73M | -198.95M | -172.55M | -217.38M | -512.90M | -84.19M |
| Net Debt Issued (Repaid) | -88.58M | 34.53M | -40.99M | 9.26M | 124.42M | -22.74M |
| Issuance of Common Stock | 64.78M | 12.30M | 8.20M | 567.51K | ||
| Repurchase of Common Stock | -237.32K | -1.19M | -919.25K | -520.15K | -521.20K | -385.33K |
| Other Financing Activities | -300.96K | -5.65M | -88.45K | -52.22K | -18.89M | -104.82K |
| Financing Cash Flow | -24.33M | 27.69M | -42.00M | 20.99M | 113.21M | -22.66M |
| Net Cash Flow | 1.14M | -963.48K | 1.57M | -3.42M | 1.30M | -1.17M |
| Free Cash Flow | 20.34M | -28.93M | 38.08M | 42.96M | 65.76M | 19.49M |
| Free Cash Flow Margin | 6.60% | -9.88% | 10.87% | 12.53% | 19.92% | 10.41% |
| Free Cash Flow Per Share | 0.10 | -0.14 | 0.19 | 0.22 | 0.46 | 0.16 |
| Levered Free Cash Flow | -3.08M | -46.64M | 7.00M | -10.63M | 59.94M | 19.40M |
| Unlevered Free Cash Flow | 16.74M | -25.83M | 29.10M | 11.90M | 71.71M | 27.79M |
| Cash Interest Paid | 27.86M | 32.36M | 39.20M | 38.01M | 19.82M | 14.11M |
| Cash Income Tax Paid | 406.70K | 347.49K | 72.21K | 72.21K | ||
| Change in Working Capital | 10.13M | 2.72M | -888.09K | 1.18M | 24.09M | 3.24M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 333.49M | 180.28M | 269.55M | 285.62M | 429.05M | 227.18M |
| Enterprise Value | 696.14M | 611.85M | 666.04M | 718.64M | 1.00B | 523.25M |
| Last Close Price | 1.43 | 0.87 | 1.36 | 1.46 | 2.46 | 2.28 |
| PE Ratio | 4.00 | 2.72 | 3.10 | 68.37 | ||
| Forward PE | 5.12 | 4.41 | 4.08 | 2.43 | 2.16 | 4.70 |
| PS Ratio | 1.09 | 0.62 | 0.77 | 0.83 | 1.30 | 1.21 |
| PB Ratio | 0.49 | 0.22 | 0.31 | 0.36 | 0.65 | 0.76 |
| P/TBV Ratio | 0.45 | 0.22 | 0.31 | 0.36 | 0.65 | 0.76 |
| P/FCF Ratio | 16.59 | 7.08 | 6.65 | 6.52 | 11.65 | |
| P/OCF Ratio | 2.16 | 1.20 | 1.39 | 1.44 | 2.18 | 3.12 |
| EV/Sales Ratio | 2.27 | 2.09 | 1.90 | 2.10 | 3.04 | 2.79 |
| EV/EBITDA Ratio | 4.67 | 3.00 | 2.89 | 3.01 | 4.42 | 9.38 |
| EV/EBIT Ratio | 11.94 | 5.76 | 5.10 | 4.84 | 5.90 | 29.23 |
| EV/FCF Ratio | 34.42 | 17.49 | 16.73 | 15.27 | 26.84 | |
| Debt / Equity Ratio | 0.48 | 0.51 | 0.45 | 0.55 | 0.63 | 0.97 |
| Debt / EBITDA Ratio | 2.35 | 2.02 | 1.65 | 1.76 | 1.82 | 5.19 |
| Debt / FCF Ratio | 17.88 | 10.22 | 10.01 | 6.37 | 15.02 | |
| Net Debt / Equity Ratio | 0.48 | 0.51 | 0.45 | 0.55 | 0.63 | 0.97 |
| Net Debt / EBITDA Ratio | 2.42 | 2.07 | 1.68 | 1.80 | 1.83 | 5.20 |
| Net Debt / FCF Ratio | 17.83 | -14.60 | 10.17 | 10.00 | 6.32 | 14.89 |
| Asset Turnover | 0.22 | 0.21 | 0.25 | 0.26 | 0.34 | 0.28 |
| Inventory Turnover | 13.17 | 16.07 | 14.68 | 8.52 | ||
| Quick Ratio | 0.41 | 0.33 | 0.37 | 0.37 | 0.33 | 0.38 |
| Current Ratio | 0.54 | 0.61 | 0.48 | 0.49 | 0.45 | 0.39 |
| Return on Equity (ROE) | -26.68% | -4.10% | 8.20% | 14.49% | 28.83% | 1.12% |
| Return on Assets (ROA) | 2.62% | 4.71% | 5.86% | 7.02% | 10.89% | 1.66% |
| Return on Invested Capital (ROIC) | 5.41% | 8.48% | 8.14% | 12.94% | 19.25% | 2.91% |
| Return on Capital Employed (ROCE) | 5.00% | 8.10% | 10.00% | 11.80% | 15.10% | 2.90% |
| Earnings Yield | -80.39% | -19.27% | 25.03% | 36.71% | 32.31% | 1.46% |
| FCF Yield | 6.03% | -16.05% | 14.13% | 15.04% | 15.33% | 8.58% |
| Buyback Yield / Dilution | -5.80% | -2.35% | -2.51% | -37.82% | -16.97% | -66.27% |