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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	318.9	350.21	342.92	330.12	187.18	107.8
Revenue Growth (YoY)	-13.69%	2.13%	3.88%	76.36%	73.64%	-42.22%
Cost of Revenue	76.72	74.73	65.52	46.91	34.65	33.84
Gross Profit	242.18	275.48	277.4	283.22	152.54	73.95
Selling, General & Admin	35.33	34.42	34.83	30.08	16.59	18.07
Other Operating Expenses	-23.04	11.82	5.42	27.19	80.87	-17.33
Operating Expenses	110.68	144.94	128.85	113.01	134.63	43.75
Operating Income	131.5	130.53	148.55	170.21	17.9	30.21
Interest Expense	-42.12	-43.31	-43.93	-23.17	-14.49	-17.62
Interest & Investment Income	0.43	0.49	0.26	0	0	0
Other Non Operating Income (Expenses)	0.24	0.11	0.2	-	-	-
EBT Excluding Unusual Items	90.04	87.82	105.08	147.04	3.41	12.59
Gain (Loss) on Sale of Assets	0.28	0.09	-0.09	-	-	-
Asset Writedown	-	-	-	-	-	-277.5
Other Unusual Items	-	-	-	-	-	5.5
Pretax Income	90.32	87.91	104.99	147.04	3.41	-259.41
Income Tax Expense	21.04	20.44	0.13	8.41	0.09	-6
Net Income	69.28	67.47	104.86	138.64	3.32	-253.41
Net Income to Common	69.28	67.47	104.86	138.64	3.32	-253.41
Net Income Growth	-2.82%	-35.66%	-24.36%	4072.12%	-	-
Shares Outstanding (Basic)	201	198	191	121	99	73
Shares Outstanding (Diluted)	202	200	195	142	121	73
Shares Change (YoY)	1.82%	2.51%	37.82%	16.97%	66.27%	9.19%
EPS (Basic)	0.35	0.34	0.55	1.14	0.03	-3.48
EPS (Diluted)	0.35	0.34	0.54	0.98	0.03	-3.48
EPS Growth	-4.25%	-37.04%	-44.90%	3166.78%	-	-
Free Cash Flow	-40.91	38.08	42.96	65.76	19.49	28.33
Free Cash Flow Per Share	-0.20	0.19	0.22	0.46	0.16	0.39
Gross Margin	75.94%	78.66%	80.89%	85.79%	81.49%	68.60%
Operating Margin	41.23%	37.27%	43.32%	51.56%	9.56%	28.02%
Profit Margin	21.73%	19.27%	30.58%	41.99%	1.77%	-235.08%
Free Cash Flow Margin	-12.83%	10.87%	12.53%	19.92%	10.41%	26.28%
EBITDA	231.28	230.62	238.58	226.94	55.82	74.12
EBITDA Margin	72.52%	65.85%	69.57%	68.74%	29.82%	68.76%
D&A For EBITDA	99.78	100.08	90.04	56.72	37.91	43.92
EBIT	131.5	130.53	148.55	170.21	17.9	30.21
EBIT Margin	41.23%	37.27%	43.32%	51.56%	9.56%	28.02%
Effective Tax Rate	23.29%	23.25%	0.12%	5.72%	2.65%	-

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q