Ring Energy, Inc. balance sheet

At the end of fiscal 2025, Ring Energy, Inc. had total assets of $1.41bn, total liabilities of $570m and shareholders' equity of $842m. It held $902,913 in cash against $505,752 of debt: net cash of $397,161.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ring Energy, Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	15	3	10	10	4	2	4	0	2	1	1
Receivables	3	13	13	23	15	24	42	39	36	31	43
Inventory	—	—	—	—	—	0	9	6	4	5	6
Total current assets	75	29	17	39	21	30	63	56	50	62	61
Total assets	308	414	567	973	663	684	1,269	1,376	1,408	1,412	1,282
Accounts payable	9	44	52	55	33	46	40	38	39	40	—
Deferred revenue (current)	—	—	—	—	—	0	15	0	0	—	—
Total current liabilities	9	48	52	59	37	77	142	114	105	94	113
Total debt	0	0	0	0	0	1	0	1	0	1	1
Total liabilities	17	57	104	449	369	384	608	590	549	570	528
Shareholders' equity	291	357	463	524	295	301	661	787	864	842	753
Net debt (negative = net cash)	−15	−3	−10	−10	−4	−2	−3	0	−1	−0	0
Shares outstanding	—	54m	63m	68m	86m	100m	176m	197m	199m	208m	261m

US$ millions unless shown otherwise. Fiscal quarters.

Ring Energy, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	36	36	36	39	35	31	46	43
Inventory	5	4	3	5	5	5	6	6
Total current assets	53	50	49	62	56	62	59	61
Total assets	1,400	1,408	1,506	1,516	1,435	1,412	1,255	1,282
Accounts payable	90	39	—	—	—	40	—	—
Deferred revenue (current)	—	0	9	10	10	—	—	—
Total current liabilities	98	105	104	98	102	94	148	113
Total liabilities	548	549	630	618	587	570	633	528
Shareholders' equity	851	864	882	904	848	842	622	753
Shares outstanding	198m	199m	207m	207m	207m	208m	209m	261m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ring Energy, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ring Energy, Inc.