Ring Energy, Inc. financial data

Symbol
REI on NYSE
Industry
Crude Petroleum & Natural Gas
Location
1725 Hughes Landing Blvd., Suite 900, The Woodlands, TX
State of incorporation
NV
Fiscal year end
December 31
Former names
Transglobal Mining Corp. (to 5/9/2008), Blanca Corp. (to 4/25/2007)
Latest financial report
10-K - Q4 2024 - Mar 5, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 50.5 % +5.5%
Quick Ratio 4.72 % -19%
Debt-to-equity 68.1 % -14.1%
Return On Equity 8.13 % -42.7%
Return On Assets 4.83 % -38.8%
Operating Margin 36.3 % -10.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 200M shares +1.02%
Common Stock, Shares, Outstanding 199M shares +0.88%
Entity Public Float 249M USD +9.4%
Common Stock, Value, Issued 199K USD +0.88%
Weighted Average Number of Shares Outstanding, Basic 198M shares +3.86%
Weighted Average Number of Shares Outstanding, Diluted 200M shares +2.52%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 366M USD +1.46%
General and Administrative Expense 29.6M USD +1.55%
Costs and Expenses 233M USD +8.43%
Operating Income (Loss) 133M USD -8.84%
Nonoperating Income (Expense) -45M USD -10.3%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 87.9M USD -16.3%
Income Tax Expense (Benefit) 20.4M USD +16221%
Net Income (Loss) Attributable to Parent 67.5M USD -35.7%
Earnings Per Share, Basic 0.34 USD/shares -38.2%
Earnings Per Share, Diluted 0.34 USD/shares -37%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.87M USD +530%
Accounts Receivable, after Allowance for Credit Loss, Current 36.2M USD -7.17%
Inventory, Net 4.05M USD -34%
Assets, Current 50.4M USD -9.77%
Property, Plant and Equipment, Net 1.34B USD +3.77%
Operating Lease, Right-of-Use Asset 1.91M USD -23.7%
Assets 1.41B USD +2.3%
Accounts Payable, Current 39.3M USD +4.42%
Accrued Liabilities, Current 20.7M USD -6.41%
Contract with Customer, Liability, Current 0 USD -100%
Liabilities, Current 105M USD -7.71%
Operating Lease, Liability, Noncurrent 1.41M USD -31.6%
Liabilities 549M USD -6.86%
Retained Earnings (Accumulated Deficit) 58M USD
Stockholders' Equity Attributable to Parent 859M USD +9.16%
Liabilities and Equity 1.41B USD +2.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 45.2M USD +3.46%
Net Cash Provided by (Used in) Financing Activities -4.6M USD -147%
Net Cash Provided by (Used in) Investing Activities -39.5M USD +28.8%
Common Stock, Shares Authorized 450M shares 0%
Common Stock, Shares, Issued 199M shares +0.88%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1.08M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.87M USD +530%
Interest Paid, Excluding Capitalized Interest, Operating Activities 9.93M USD +7.36%
Deferred Tax Assets, Valuation Allowance 0 USD
Deferred Tax Assets, Gross 95.9M USD -8.04%
Operating Lease, Liability 2.05M USD -21.7%
Depreciation 406K USD +11.5%
Lessee, Operating Lease, Liability, to be Paid 2.22M USD -23.3%
Property, Plant and Equipment, Gross 1.82B USD +8.78%
Operating Lease, Liability, Current 648K USD +14.1%
Lessee, Operating Lease, Liability, to be Paid, Year Two 637K USD -12.5%
Lessee, Operating Lease, Liability, to be Paid, Year One 727K USD +7.74%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 171K USD -38.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 460K USD -27.7%
Deferred Tax Assets, Operating Loss Carryforwards 68.5M USD -16.5%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 19.1M USD -80.5%
Preferred Stock, Shares Authorized 50M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 251K USD -45.6%
Additional Paid in Capital 800M USD +0.58%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 401K USD +456%
Depreciation, Depletion and Amortization 98.7M USD +11.4%
Deferred Tax Assets, Net of Valuation Allowance 95.9M USD -8.04%
Deferred State and Local Income Tax Expense (Benefit) 944K USD -1.13%
Interest Expense 45M USD +49.3%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%