Ring Energy, Inc. income statement
In fiscal 2025, Ring Energy, Inc. reported revenue of $307m, down 16.1% on the year before, operating income of −$34.3m (a -11.2% margin) and net income of −$34.7m, or −$0.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 67 | 120 | 196 | 113 | 196 | 347 | 361 | 366 | 307 | 324 |
| Cost of revenue | 10 | 16 | 28 | 3 | 4 | 4 | 2 | 0 | — | — | — |
| Gross profit | 21 | 51 | 92 | 193 | 109 | 192 | 345 | 361 | — | — | — |
| General and administrative | 8 | 11 | 13 | 20 | 17 | 16 | 27 | 29 | 30 | 32 | 32 |
| Operating income | −57 | 16 | 20 | 60 | −269 | 96 | 192 | 146 | 133 | −34 | −172 |
| Interest expense | 1 | 0 | 0 | 14 | 18 | 14 | 23 | 44 | 43 | 40 | 36 |
| Income before tax | −58 | 12 | 12 | 43 | −259 | 3 | 147 | 105 | 88 | −42 | −248 |
| Income tax | −20 | 10 | 3 | 14 | −6 | 0 | 8 | 0 | 20 | −7 | −28 |
| Net income | −38 | 2 | 9 | 29 | −253 | 3 | 139 | 105 | 67 | −35 | −220 |
| Diluted EPS | −$0.97 | $0.03 | $0.15 | $0.44 | −$3.48 | $0.03 | $0.98 | $0.54 | $0.34 | −$0.17 | −$1.03 |
| Diluted shares (average) | 39m | 53m | 61m | 67m | 73m | 121m | 142m | 195m | 200m | 205m | 215m |
| EBITDA | −46 | 36 | 59 | 116 | −226 | 133 | 247 | 234 | 232 | 62 | −82 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89 | 83 | 79 | 83 | 79 | 67 | 74 | 105 |
| General and administrative | 6 | 8 | 9 | 7 | 8 | 8 | 7 | 8 |
| Operating income | 30 | 24 | 22 | 23 | −55 | −25 | −142 | 50 |
| Interest expense | 11 | 10 | 9 | 12 | 10 | 9 | 9 | 8 |
| Income before tax | 44 | 7 | 12 | 27 | −64 | −17 | −233 | 66 |
| Income tax | 10 | 2 | 3 | 6 | −13 | −4 | −12 | 1 |
| Net income | 34 | 6 | 9 | 21 | −52 | −13 | −221 | 65 |
| Diluted EPS | $0.17 | $0.03 | $0.05 | $0.10 | −$0.25 | −$0.06 | −$1.06 | $0.27 |
| EBITDA | 56 | 48 | 45 | 49 | −30 | −2 | −120 | 70 |
Compare with peers
- Kimbell Royalty Partners, LP income statement
- Prairie Operating Co. income statement
- Vitesse Energy, Inc. income statement
- Vaalco Energy Inc income statement
- Obsidian Energy LTD. income statement
Head to head: KRP vs REIPROP vs REIREI vs VTSEGY vs REI
More: Oil & Gas Exploration & Production stocks compared, Energy sector, rankings of US companies