Ring Energy, Inc. (REI) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Ring Energy reported revenue of $307.2M, down 16.1% from $366.3M the year before. Net income was -$34.7M (a -11.3% net margin), or -$0.17 per diluted share. Gross margin was -11.2% and operating margin was -11.2%. Operating activities generated $150.8M of cash. At fiscal year end, Ring Energy held $1.41B in total assets against $575.6M in total liabilities, including $902,913 of cash and equivalents.
Open the full interactive Ring Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Ring Energy Key Stats
| Share Price | $1.36 |
|---|---|
| Market Cap | $323.4M |
| Revenue YoY Growth | -16.2% |
| 52-Week Range | $0.84 – $1.98 |
| Shares Outstanding | 234.0 million (basic, 2026 Q2) |
Ring Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $113.0M | $196.3M | $347.2M | $361.1M | $366.3M | $307.2M |
| Cost of Goods Sold | $37.0M | $4.3M | $1.8M | $457,573 | $233.4M | $341.5M |
| Gross Profit | $76.1M | $192.0M | $345.4M | $360.6M | $132.9M | -$34.3M |
| Operating Income | -$268.7M | $95.8M | $191.7M | $145.8M | $132.9M | -$34.3M |
| Pre-Tax Income | -$259.4M | $3.4M | $147.0M | $105.0M | $87.9M | -$42.2M |
| Income Tax | -$6.0M | $90,342 | $8.4M | $125,242 | $20.4M | -$7.5M |
| Net Income | -$253.4M | $3.3M | $138.6M | $104.9M | $67.5M | -$34.7M |
| Diluted EPS | $3.48 | $0.03 | $0.98 | $0.54 | $0.34 | -$0.17 |
Ring Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $78.6M | $66.9M | $73.7M | $104.7M |
| Net Income | -$51.6M | -$12.8M | -$220.6M | $64.8M |
| Diluted EPS | -$0.25 | -$0.06 | -$1.06 | $0.27 |
Ring Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.6M | $2.4M | $3.7M | $296,384 | $1.9M | $902,913 |
| Current Assets | $20.8M | $29.8M | $63.2M | $55.9M | $50.4M | $62.1M |
| Total Assets | $663.5M | $684.2M | $1.27B | $1.38B | $1.41B | $1.41B |
| Current Liabilities | $36.9M | $76.7M | $141.2M | $113.8M | $105.0M | $101.0M |
| Total Long-Term Debt | $313.0M | $290.0M | $415.0M | $425.0M | $385.0M | $420.0M |
| Total Liabilities | $368.7M | $383.5M | $607.9M | $589.9M | $549.5M | $575.6M |
| Shareholders' Equity | $294.8M | $300.6M | $661.1M | $786.6M | $858.6M | $836.3M |
Ring Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $72.2M | $72.7M | $197.0M | $198.2M | $194.4M | $150.8M |
| Cash From Investing | -$43.8M | -$51.2M | -$308.9M | -$222.6M | -$150.9M | -$179.5M |
| Cash From Financing | -$34.8M | -$22.7M | $113.2M | $21.0M | -$42.0M | $27.7M |
Figures from Ring Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ring Energy financials page for every line item.
Ring Energy Company Profile
| Ticker | REI |
|---|---|
| Exchange | NYSE |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | The Woodlands, Texas |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001384195 |
Frequently Asked Questions
What was Ring Energy's revenue in fiscal 2025?
Ring Energy (REI) reported revenue of $307.2M for fiscal 2025.
What is Ring Energy's annual revenue history?
Ring Energy's annual revenue by fiscal year: 2020: $113.0M; 2021: $196.3M; 2022: $347.2M; 2023: $361.1M; 2024: $366.3M; 2025: $307.2M.
What was Ring Energy's net income in fiscal 2025?
Ring Energy reported net income of -$34.7M for fiscal 2025.
What was Ring Energy's earnings per share (EPS) in fiscal 2025?
Ring Energy's diluted EPS was -$0.17 for fiscal 2025 (adjusted for any later stock splits).
What was Ring Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ring Energy reported revenue of $104.7M.
How much debt does Ring Energy have?
Ring Energy reported $420.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ring Energy are outstanding?
Ring Energy reported a weighted average of 234.0 million basic shares outstanding in 2026 Q2.
What is Ring Energy's market cap?
Based on its latest closing price, Ring Energy (REI) has a market capitalization of about $323.4M.
When does Ring Energy's fiscal year end?
Ring Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Ring Energy headquartered?
Ring Energy lists its business address in The Woodlands, Texas in its SEC filings.