RING ENERGY, INC. REI

Energy SIC 1311 - Crude Petroleum & Natural Gas NAICS Mining, Quarrying, and Oil and Gas Extraction › Oil and Gas Extraction derived NYSE

Ring Energy, Inc., a Nevada corporation ("Ring," "Ring Energy," the "Company," "we," "us," "our," or similar terms), is a growth oriented independent oil and natural gas exploration and production company based in The Woodlands, Texas engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. Our drilling operations target the oil and liquids rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas.

As of December 31, 2025, our leasehold acreage positions totaled 111,714 gross (96,234 net) acres and we held interests in 919 gross (758 net) producing wells. Proved reserves as of December 31, 2025 (based upon the report of our independent petroleum engineer of that date) were approximately 153.3 million Boe, of which we are the operator of approximately 99%. All of our properties are located in the Permian Basin and our proved reserves are oil-weighted, with approximately 59% consisting of oil, 19% consisting of natural gas, and 22% consisting of NGLs. Approximately 68% of the reserves are classified as PD and 32% are classified as PUD. Within the PD reserve category, 238 recompletion and re-activation opportunities are classified as PDNP and within the PUD reserve category, we have a total of 247 proved locations (38% horizontal and 62% vertical) based on the reserve report as of December 31, 2025. We believe our core leasehold in the Northwest Shelf and Central Basin Platform contain additional potential drilling locations.

Last close 1.43 2026-10-23
Market cap $372.6M 2026-06-30 share count
52-week range 0.83 - 2.00

Valuation FY2025 figures against the last close

P/S1.2x
P/E—
P/FCF2.5x
EV/EBITDA6.0x
Dividend yield—
Diluted EPS-0.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $307.2M$366.3M$361.1M$347.2M$196.3M$113.0M$195.7M$120.1M$66.7M$30.9M
Cost of revenue ——$457.6K$1.8M$4.3M$4.1M$2.9M$27.8M$16.0M$9.9M
Gross profit ——$360.6M$345.4M$192.0M$108.9M$192.8M$92.3M$50.7M$21.0M
SG&A $31.9M$29.6M$29.2M$27.1M$16.1M$16.9M$19.9M$12.9M$10.5M$8.0M
Total operating expenses $341.5M$233.4M$215.3M$155.5M$100.5M$381.7M$135.6M$100.1M$50.7M$87.9M
Operating income -$34.3M$132.9M$145.8M$191.7M$95.8M-$268.7M$60.1M$20.0M$16.0M-$57.0M
Interest expense $40.4M$43.3M$43.9M$23.2M$14.5M$17.6M$13.9M$427.9K$0$649.0K
Pre-tax income -$42.2M$87.9M$105.0M$147.0M$3.4M-$259.4M$43.3M$12.4M$12.2M-$57.6M
Income tax $7.5M$20.4M$125.2K$8.4M$90.3K$6.0M$13.8M$3.4M$10.4M$20.0M
Net income -$34.7M$67.5M$104.9M$138.6M$3.3M-$253.4M$29.5M$9.0M$1.8M-$37.6M
EPS, basic -0.170.340.551.140.03-3.480.440.150.03-0.97
EPS, diluted -0.170.340.540.980.03-3.480.440.150.03-0.97
Shares, diluted (wtd. avg.) 205.0M200.3M195.4M141.8M121.2M72.9M66.8M60.8M52.8M38.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $902.9K$1.9M$296.4K$3.7M$2.4M$3.6M$10.0M$3.4M$3.4M$15.0M
Receivables $30.9M$36.2M$39.0M$42.4M$24.0M$15.0M$22.9M$12.6M$12.8M$3.5M
Inventory $5.3M$4.0M$6.1M$9.3M$0—————
Total current assets $62.1M$50.4M$55.9M$63.2M$29.8M$20.8M$38.7M$16.8M$29.1M$75.2M
Property, plant and equipment $1.33B$1.34B$1.29B$1.18B$651.4M$638.8M$929.2M$542.0M$373.6M$211.9M
Total assets $1.41B$1.41B$1.38B$1.27B$684.2M$663.5M$973.0M$567.1M$414.1M$307.6M
Accounts payable $40.2M$39.3M$37.6M$40.5M$46.2M$32.5M$54.6M$51.9M$44.5M$9.1M
Total current liabilities $101.0M$105.0M$113.8M$141.8M$76.7M$36.9M$59.1M$51.9M$48.4M$9.1M
Total liabilities $575.6M$549.5M$589.9M$607.9M$383.5M$368.7M$449.5M$104.5M$57.5M$17.1M
Retained earnings $23.3M$58.0M-$9.4M-$114.3M-$252.9M-$256.3M-$2.9M-$32.4M-$41.4M-$44.7M
Total equity $836.3M$858.6M$786.6M$661.1M$300.6M$294.8M$523.5M$462.6M$356.6M$290.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $150.8M$194.4M$198.2M$197.0M$72.7M$72.2M$106.6M$70.4M$42.8M$11.2M
Depreciation and amortisation $96.4M$98.7M$88.6M$55.7M$37.2M$43.0M$56.2M$39.0M$214.0K$11.5M
Stock-based compensation $6.1M$5.5M$8.8M$7.2M$2.4M$5.4M$3.1M$3.9M$3.7M$2.3M
Investing cash flow -$179.5M-$150.9M-$222.6M-$308.9M-$51.2M-$43.8M-$423.0M-$203.4M-$157.9M-$38.3M
Financing cash flow $27.7M-$42.0M$21.0M$113.2M-$22.7M-$34.8M$323.1M$121.4M$59.0M$93.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001384195-26-000068.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -400M -200M 0 200M 400M Revenue, FY2016: 30.9M Gross profit, FY2016: 21M Net income, FY2016: -37.6M Revenue, FY2017: 66.7M Gross profit, FY2017: 50.7M Net income, FY2017: 1.8M Revenue, FY2018: 120.1M Gross profit, FY2018: 92.3M Net income, FY2018: 9M Revenue, FY2019: 195.7M Gross profit, FY2019: 192.8M Net income, FY2019: 29.5M Revenue, FY2020: 113M Gross profit, FY2020: 108.9M Net income, FY2020: -253.4M Revenue, FY2021: 196.3M Gross profit, FY2021: 192M Net income, FY2021: 3.3M Revenue, FY2022: 347.2M Gross profit, FY2022: 345.4M Net income, FY2022: 138.6M Revenue, FY2023: 361.1M Gross profit, FY2023: 360.6M Net income, FY2023: 104.9M Revenue, FY2024: 366.3M Net income, FY2024: 67.5M Revenue, FY2025: 307.2M Net income, FY2025: -34.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $30.9M $66.7M $120.1M $195.7M $113.0M $196.3M $347.2M $361.1M $366.3M $307.2M
Gross profit $21.0M $50.7M $92.3M $192.8M $108.9M $192.0M $345.4M $360.6M — —
Net income -$37.6M $1.8M $9.0M $29.5M -$253.4M $3.3M $138.6M $104.9M $67.5M -$34.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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