Ring Energy, Inc. (REI)

Ring Energy Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	308.79	350.21	342.92	330.12	187.18	107.8
Revenue Growth (YoY)	-15.54%	2.13%	3.88%	76.36%	73.64%	-42.22%
Cost of Revenue	77.03	74.73	65.52	46.91	34.65	33.84
Gross Profit	231.76	275.48	277.4	283.22	152.54	73.95
Selling, General & Admin	36.96	34.42	34.83	30.08	16.59	18.07
Other Operating Expenses	1.56	11.82	5.42	27.19	80.87	-17.33
Operating Expenses	136.48	144.94	128.85	113.01	134.63	43.75
Operating Income	95.27	130.53	148.55	170.21	17.9	30.21
Interest Expense	-41.42	-43.31	-43.93	-23.17	-14.49	-17.62
Interest & Investment Income	0.36	0.49	0.26	0	0	0
Other Non Operating Income (Expenses)	0.24	0.11	0.2	-	-	-
EBT Excluding Unusual Items	54.45	87.82	105.08	147.04	3.41	12.59
Gain (Loss) on Sale of Assets	0.39	0.09	-0.09	-	-	-
Asset Writedown	-72.91	-	-	-	-	-277.5
Other Unusual Items	-	-	-	-	-	5.5
Pretax Income	-18.08	87.91	104.99	147.04	3.41	-259.41
Income Tax Expense	-1.85	20.44	0.13	8.41	0.09	-6
Net Income	-16.23	67.47	104.86	138.64	3.32	-253.41
Net Income to Common	-16.23	67.47	104.86	138.64	3.32	-253.41
Net Income Growth	-	-35.66%	-24.36%	4072.12%	-	-
Shares Outstanding (Basic)	203	198	191	121	99	73
Shares Outstanding (Diluted)	203	200	195	142	121	73
Shares Change (YoY)	1.60%	2.51%	37.82%	16.97%	66.27%	9.19%
EPS (Basic)	-0.08	0.34	0.55	1.14	0.03	-3.48
EPS (Diluted)	-0.08	0.34	0.54	0.98	0.03	-3.48
EPS Growth	-	-37.04%	-44.90%	3166.78%	-	-
Free Cash Flow	-28.88	38.08	42.96	65.76	19.49	28.33
Free Cash Flow Per Share	-0.14	0.19	0.22	0.46	0.16	0.39
Gross Margin	75.05%	78.66%	80.89%	85.79%	81.49%	68.60%
Operating Margin	30.85%	37.27%	43.32%	51.56%	9.56%	28.02%
Profit Margin	-5.25%	19.27%	30.58%	41.99%	1.77%	-235.08%
Free Cash Flow Margin	-9.35%	10.87%	12.53%	19.92%	10.41%	26.28%
EBITDA	194.65	230.62	238.58	226.94	55.82	74.12
EBITDA Margin	63.04%	65.85%	69.57%	68.74%	29.82%	68.76%
D&A For EBITDA	99.38	100.08	90.04	56.72	37.91	43.92
EBIT	95.27	130.53	148.55	170.21	17.9	30.21
EBIT Margin	30.85%	37.27%	43.32%	51.56%	9.56%	28.02%
Effective Tax Rate	-	23.25%	0.12%	5.72%	2.65%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q