Ring Energy, Inc. (REI)

Ring Energy Income Statement

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

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

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q