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Ring Energy (REI)
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Ring Energy Income Statement 2025-2004 | REI
Brief overview of revenue and earnings at Ring Energy
The conclusions below are based on five years of reported results. Revenue reported by Ring Energy was 113 million dollars at the beginning of the period and 307 million dollars at the end. The cumulative result was +171.8%, corresponding to roughly 22.1% per year. The annual growth rate indicates an exceptionally strong top-line trend.
The five-year EBITDA result moved by +127.5%: from −226 million dollars to 62.1 million dollars. Changes in revenue did not translate into comparable EBITDA performance. At the operating-margin level, the figure shifted from −199.6% to 20.2%. The company improved its ability to convert sales into EBITDA.
The net financial result changed from −253 million dollars to −34.7 million dollars. The loss reduction is constructive, but the recovery is incomplete.
Market value was 48.1 million dollars at the start and 310 million dollars at the end. The market value rose well beyond the pace of financial improvement.
Overall conclusion
Most key measures improved without a pronounced weak signal. Key strengths include a larger revenue base, net-income growth and an improving EBITDA margin. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Ring Energy
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2004 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
310 M | 234 M | 274 M | 245 M | 227 M | 48.1 M | 154 M | 356 M | 700 M | 507 M | 156 M | 226 M | 222 M | 76.6 M | 14.3 M | 14.2 M | - | - |
Shares |
205 M | 198 M | 191 M | 121 M | 99.4 M | 72.9 M | 66.6 M | 59.5 M | 51.4 M | 38.7 M | 28.2 M | 24.7 M | 16.4 M | 8.07 M | 3.58 M | 3.55 M | - | - |
Historical Prices |
1.51 | 1.18 | 1.44 | 2.02 | 2.28 | 0.66 | 2.64 | 5.08 | 13.9 | 13 | 7.05 | 10.5 | 12.2 | 5.86 | 4 | 4 | 2.9 | - |
Net Income |
-34.7 M | 67.5 M | 105 M | 139 M | 3.32 M | -253 M | 29.5 M | 9 M | 1.75 M | -37.6 M | -9.05 M | 8.42 M | -452 K | -1.67 M | -320 K | -78.4 K | - | - |
Revenue |
307 M | 366 M | 361 M | 347 M | 196 M | 113 M | 196 M | 120 M | 66.7 M | 30.9 M | 31 M | 38.1 M | 10.3 M | 1.76 M | 2.62 K | - | - | - |
Cost of Revenue |
- | - | 458 K | 1.83 M | 4.33 M | 4.09 M | 2.87 M | 27.8 M | 16 M | 9.87 M | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 80.9 M | 47.6 M | 27.1 M | 7.99 M | 4.41 M | 19.5 M | 6.35 M | 382 K | 2.02 K | - | - | - |
Operating Income |
-34.3 M | 133 M | 146 M | 192 M | 95.8 M | -269 M | 60.1 M | 20 M | 16 M | -57 M | -13.3 M | 12.6 M | -389 K | -2.03 M | -326 K | -59 K | - | - |
Interest Expense |
- | - | 43.9 M | 23.2 M | 14.5 M | 17.6 M | 13.9 M | 428 K | - | 649 K | 749 K | - | 9.89 K | 219 K | - | - | - | - |
EBITDA |
62.1 M | 232 M | 234 M | 247 M | 133 M | -226 M | 116 M | 73.3 M | 36.8 M | 11 M | 11.2 M | 24.5 M | 1.92 M | -1.52 M | -325 K | -56.3 K | - | - |
Operating Expenses |
- | - | - | - | - | - | 20.8 M | 13.5 M | 11.1 M | 8.51 M | 8.41 M | 6.96 M | 6.74 M | 2.41 M | 328 K | - | - | - |
General and Administrative Expenses |
31.9 M | 29.6 M | 29.2 M | 27.1 M | 16.1 M | 16.9 M | 19.9 M | 12.9 M | 10.5 M | 8.03 M | 8 M | 6.8 M | 6.68 M | 2.39 M | 323 K | 1.73 K | - | - |
All numbers in USD currency
Quarterly Income Statement Ring Energy
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
234 M | 209 M | 207 M | 207 M | 199 M | 199 M | 198 M | 198 M | 197 M | 197 M | 195 M | 193 M | 178 M | 176 M | 115 M | 106 M | 100 M | 100 M | 99.4 M | 99.3 M | 99.1 M | 85.9 M | 68 M | 68 M | 68 M | 68 M | 67.8 M | 67.4 M | 63.2 M | 63.2 M | 60.4 M | 60.4 M | 56.4 M | 54.2 M | 53 M | 49.2 M | 49.1 M | 49.1 M | 41.9 M | 38.6 M | 30.4 M | 30.4 M | 30.4 M | 26.1 M | 25.7 M | 25.7 M | 25.7 M | 23.9 M | 23.6 M | 23.6 M | 17.8 M | 14.4 M | 23.6 M | 14.2 M | 11.4 M | 14.2 M | 14.2 M | 3.44 M | 3.44 M | 3.55 M | 4.72 M |
Net Income |
64.8 M | -221 M | -51.6 M | 20.6 M | 9.11 M | - | 33.9 M | 22.4 M | 5.52 M | - | -7.54 M | 28.8 M | 32.7 M | - | 75.1 M | 41.9 M | 7.11 M | - | 14.2 M | -15.9 M | -19.1 M | -160 M | -1.96 M | -135 M | 43.8 M | 5.03 M | 8.86 M | 11.3 M | 4.27 M | -7.08 M | 5.69 M | 4.72 M | 5.67 M | -4.51 M | 3.07 M | 1.91 M | 1.28 M | -477 K | -5.94 M | -15.9 M | -15.3 M | -7.47 M | -1.14 M | 534 K | -976 K | 2.71 M | 1.73 M | 2.82 M | 1.16 M | 1.53 M | -131 K | -890 K | -965 K | 134 K | -631 K | -541 K | -630 K | - | 127 K | -25.2 K | -24 K |
Revenue |
105 M | 73.7 M | 78.6 M | 82.6 M | 79.1 M | - | 89.2 M | 99.1 M | 94.5 M | - | 93.7 M | 79.3 M | 88.1 M | - | 94.4 M | 85 M | 68.2 M | - | 49.4 M | 47.8 M | 39.5 M | - | 31.5 M | 10.6 M | 39.6 M | - | 50.3 M | 51.3 M | 41.8 M | - | 32.7 M | 29.9 M | 29.9 M | - | 16.6 M | 14.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | -823 | - | - | - | 1.3 M | - | 1.05 M | 897 K | 935 K | - | 1.06 M | 626 K | 1.15 M | - | 15.5 M | 11.6 M | 9.41 M | - | 7.22 M | 6.64 M | 5.78 M | - | 4.26 M | 3.51 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
50.3 M | -142 M | -55 M | 23.5 M | 22.4 M | - | 29.8 M | 41.8 M | 37.6 M | - | 39.6 M | 29.7 M | 35.7 M | - | 53.6 M | 54.2 M | 38.2 M | - | 24.4 M | 23.2 M | 16.3 M | -128 M | 6.51 M | -157 M | 10.1 M | 17.9 M | 14.3 M | 17.6 M | 10.2 M | -9.99 M | 9.62 M | 9.4 M | 10.9 M | 6.55 M | 4.29 M | 2.62 M | 2.5 M | 1.44 M | -9.12 M | -25.5 M | -23.8 M | -11.3 M | -1.47 M | 1.02 M | -1.55 M | 3.58 M | 2.72 M | 4.46 M | 1.8 M | 1.61 M | -144 K | -890 K | -965 K | -302 K | -653 K | -488 K | -589 K | - | -268 K | -17 K | -24.7 K |
Interest Expense |
- | - | - | - | - | - | - | - | 11.5 M | - | 11.4 M | 10.6 M | 10.4 M | - | 7.02 M | 3.28 M | 3.4 M | - | 3.55 M | 3.65 M | 3.74 M | - | 4.46 M | 4.25 M | 4.25 M | - | 4.56 M | 4.26 M | 773 K | - | 40.9 K | - | 44.5 K | - | - | - | - | - | 95.9 K | 86.5 K | 416 K | - | 351 K | 79 K | - | - | - | - | - | - | - | - | - | - | -34 K | -94 K | -93.8 K | - | -30.9 K | -8.75 K | - |
EBITDA |
70.4 M | -120 M | -29.8 M | 49 M | 45 M | - | 55.5 M | 66.5 M | 61.4 M | - | 61.6 M | 50.5 M | 56.9 M | - | 67.9 M | 64.9 M | 48 M | - | 33.7 M | 32.5 M | 24.4 M | -128 M | 17.3 M | -150 M | 23.8 M | 17.9 M | 28.5 M | 32.3 M | 23.2 M | -9.99 M | 20.5 M | 18.5 M | 19.4 M | 6.55 M | 17.7 M | 11.2 M | 5.98 M | 1.44 M | -579 K | -19.5 M | -20.4 M | -11.3 M | 10.1 M | 7.88 M | 2.1 M | 3.58 M | 7.22 M | 7.94 M | 3.33 M | 1.61 M | 773 K | -494 K | -622 K | -302 K | -536 K | -393 K | -589 K | - | -218 K | -15.3 K | -24.4 K |
General and Administrative Expenses |
7.95 M | 7.44 M | 8.14 M | 7.14 M | 8.62 M | - | 6.42 M | 7.71 M | 7.47 M | - | 7.08 M | 6.81 M | 7.13 M | - | 7.39 M | 5.83 M | 5.52 M | - | 4.43 M | 3.76 M | 2.91 M | - | 2.5 M | 4.18 M | 3.04 M | - | 3.75 M | 4.74 M | 6.8 M | - | 3.21 M | 3.15 M | 3.09 M | - | 2.37 M | 2.37 M | 2.84 M | - | 1.88 M | 1.92 M | 2.22 M | - | 2 M | 2.04 M | 1.73 M | - | 1.82 M | 1.63 M | 1.56 M | - | 1.61 M | 1.5 M | 1.57 M | - | 671 K | 497 K | 730 | - | 1.73 K | 22.9 K | 209 |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Ring Energy (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.