Ring Energy, Inc. (REI)

Ring Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	361.06	347.25	196.31	113.03	195.7
Revenue Growth (YoY)	3.98%	76.89%	73.68%	-42.25%	63.00%
Cost of Revenue	95.51	71.32	46.05	42.2	57.63
Gross Profit	265.55	275.93	150.26	70.83	138.08
Selling, General & Admin	29.19	27.1	16.07	16.87	19.87
Other Operating Expenses	90.58	57.09	38.44	322.62	58.07
Operating Expenses	119.77	84.18	54.5	339.49	77.94
Operating Income	145.78	191.74	95.76	-268.66	60.14
Interest Expense / Income	43.93	23.17	14.49	17.62	13.87
Other Expense / Income	-3.14	21.53	77.85	-26.87	2.99
Pretax Income	104.99	147.04	3.41	-259.41	43.28
Income Tax	0.13	8.41	0.09	-6	13.79
Net Income	104.86	138.64	3.32	-253.41	29.5
Net Income Growth	-24.36%	4072.12%	-	-	227.75%
Shares Outstanding (Basic)	196	174	100	82	68
Shares Change	12.17%	75.04%	22.01%	20.43%	12.01%
EPS (Basic)	0.55	1.14	0.03	-3.48	0.44
EPS (Diluted)	0.54	0.98	0.03	-3.48	0.44
EPS Growth	-44.90%	3166.67%	-	-	193.33%
Free Cash Flow	56.34	65.92	21.49	28.33	-40.36
Free Cash Flow Per Share	0.29	0.38	0.22	0.35	-0.59
Gross Margin	73.55%	79.46%	76.54%	62.67%	70.55%
Operating Margin	40.38%	55.22%	48.78%	-237.70%	30.73%
Profit Margin	29.04%	39.92%	1.69%	-224.21%	15.07%
Free Cash Flow Margin	15.60%	18.98%	10.95%	25.06%	-20.62%
Effective Tax Rate	0.12%	5.72%	2.65%	-	31.85%
EBITDA	237.53	225.95	55.07	-198.78	113.35
EBITDA Margin	65.79%	65.07%	28.05%	-175.88%	57.92%
Depreciation & Amortization	88.61	55.74	37.17	43.01	56.2
EBIT	148.92	170.21	17.9	-241.8	57.15
EBIT Margin	41.24%	49.02%	9.12%	-213.93%	29.20%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).