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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	335.64	350.21	342.92	330.12	187.18	107.8
Revenue Growth (YoY)	-3.92%	2.13%	3.88%	76.36%	73.64%	-42.22%
Cost of Revenue	75.92	74.73	65.52	46.91	34.65	33.84
Gross Profit	259.72	275.48	277.4	283.22	152.54	73.95
Selling, General & Admin	35.75	34.42	34.83	30.08	16.59	18.07
Other Operating Expenses	-6.91	11.82	5.42	27.19	80.87	-17.33
Operating Expenses	126.36	144.94	128.85	113.01	134.63	43.75
Operating Income	133.36	130.53	148.55	170.21	17.9	30.21
Interest Expense	-41.31	-43.31	-43.93	-23.17	-14.49	-17.62
Interest & Investment Income	0.5	0.49	0.26	0	0	0
Other Non Operating Income (Expenses)	0.09	0.11	0.2	-	-	-
EBT Excluding Unusual Items	92.64	87.82	105.08	147.04	3.41	12.59
Gain (Loss) on Sale of Assets	0.18	0.09	-0.09	-	-	-
Asset Writedown	-	-	-	-	-	-277.5
Other Unusual Items	-	-	-	-	-	5.5
Pretax Income	92.82	87.91	104.99	147.04	3.41	-259.41
Income Tax Expense	21.75	20.44	0.13	8.41	0.09	-6
Net Income	71.07	67.47	104.86	138.64	3.32	-253.41
Net Income to Common	71.07	67.47	104.86	138.64	3.32	-253.41
Net Income Growth	-8.50%	-35.66%	-24.36%	4072.12%	-	-
Shares Outstanding (Basic)	198	198	191	121	99	73
Shares Outstanding (Diluted)	201	200	195	142	121	73
Shares Change (YoY)	1.55%	2.51%	37.82%	16.97%	66.27%	9.19%
EPS (Basic)	0.36	0.34	0.55	1.14	0.03	-3.48
EPS (Diluted)	0.36	0.34	0.54	0.98	0.03	-3.48
EPS Growth	-9.87%	-37.04%	-44.90%	3166.78%	-	-
Free Cash Flow	-41.86	38.08	42.96	65.76	19.49	28.33
Free Cash Flow Per Share	-0.21	0.19	0.22	0.46	0.16	0.39
Gross Margin	77.38%	78.66%	80.89%	85.79%	81.49%	68.60%
Operating Margin	39.73%	37.27%	43.32%	51.56%	9.56%	28.02%
Profit Margin	21.17%	19.27%	30.58%	41.99%	1.77%	-235.08%
Free Cash Flow Margin	-12.47%	10.87%	12.53%	19.92%	10.41%	26.28%
EBITDA	232.24	230.62	238.58	226.94	55.82	74.12
EBITDA Margin	69.19%	65.85%	69.57%	68.74%	29.82%	68.76%
D&A For EBITDA	98.88	100.08	90.04	56.72	37.91	43.92
EBIT	133.36	130.53	148.55	170.21	17.9	30.21
EBIT Margin	39.73%	37.27%	43.32%	51.56%	9.56%	28.02%
Effective Tax Rate	23.44%	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