← RING ENERGY, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $30.9m |
$66.7m
+116.20%
|
$120.1m
+80.01%
|
$195.7m
+63.00%
|
$113.0m
-42.25%
|
$196.3m
+73.68%
|
$347.2m
+76.89%
|
$361.1m
+3.98%
|
$366.3m
+1.46%
|
$307.2m
-16.15%
|
$323.8m
+5.42%
|
|
| Cost of Revenue | $9.9m |
$16.0m
+61.92%
|
$27.8m
+74.00%
|
$48.5m
+74.43%
|
$37.0m
-23.77%
|
$4.3m
-88.28%
|
$1.8m
-57.77%
|
$458k
-75.00%
|
$203.8m
+44436.37%
|
$309.6m
+51.92%
|
$191.5m
-38.14%
|
|
| Gross Profit (Calculated) (derived) | $21.0m |
$50.7m
+141.73%
|
$92.3m
+81.90%
|
$147.2m
+59.55%
|
$76.1m
-48.33%
|
$192.0m
+152.41%
|
$345.4m
+79.93%
|
$360.6m
+4.39%
|
$162.5m
-54.92%
|
($2.4m)
-101.48%
|
— | |
| General and Administrative Expense | $8.0m | $10.5m | $12.9m | $19.9m | $16.9m | $16.1m | $27.1m | $29.2m | $29.6m | $31.9m | $31.6m | |
| Operating Lease, Expense | — | — | — | $925k | $1.2m | $523k | $364k | $542k | $700k | $700k | — | |
| Operating expenses: | ||||||||||||
| Operating Costs and Expenses | $87.9m | $50.7m | $100.1m | $135.6m | $381.7m | $100.5m | $155.5m | $215.3m | $233.4m | $341.5m | — | |
| Lease operating expenses | — | — | — | $42.2m | $29.8m | $30.3m | $47.7m | $70.2m | $78.3m | $79.4m | — | |
| Total Costs and Operating Expenses | $87.9m | $50.7m | $100.1m | $135.6m | $381.7m | $100.5m | $155.5m | $215.3m | $233.4m | $341.5m | — | |
| Operating Income (Loss) | ($57.0m) |
$16.0m
+128.00%
|
$20.0m
+25.01%
|
$60.1m
+201.27%
|
($268.7m)
-546.75%
|
$95.8m
+135.64%
|
$191.7m
+100.24%
|
$145.8m
-23.97%
|
$132.9m
-8.84%
|
($34.3m)
-125.84%
|
$99.2m
+388.86%
|
|
| Investment Income, Interest | $56k | $291k | $98k | $14k | $8 | $1 | $4 | $257k | $492k | $291k | — | |
| Interest income | $56k | $291k | $98k | $14k | $8 | $1 | $4 | $257k | $492k | $291k | $350k | |
| Gain (loss) on derivative contracts | — | — | ($11.2m) | ($3.0m) | $22.5m | ($77.9m) | ($21.5m) | $2.8m | ($2.4m) | $31.7m | — | |
| Gain (loss) on disposal of assets | — | — | — | — | — | — | $0 | ($87k) | $90k | $446k | — | |
| Interest Expense (non-operating) | $649k | $0 | $428k | $13.9m | $17.6m | $14.5m | $23.2m | $43.9m | $43.3m | $40.4m | $38.1m | |
| Net Other Income (Expense) | ($593k) | ($3.8m) | ($7.5m) | ($16.9m) | $9.2m | ($92.3m) | ($44.7m) | ($40.8m) | ($45.0m) | ($7.8m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($57.6m) | $12.2m | $12.4m | $43.3m | ($259.4m) | $3.4m | $147.0m | $105.0m | $87.9m | ($42.2m) | ($247.8m) | |
| Benefit from (Provision for) Income Taxes | $20.0m | ($10.4m) | ($3.4m) | ($13.8m) | $6.0m | ($90k) | ($8.4m) | ($125k) | ($20.4m) | $7.5m | — | |
| Net Income (Loss) Attributable to Parent | ($37.6m) |
$1.8m
+104.66%
|
$9.0m
+413.14%
|
$29.5m
+227.75%
|
($253.4m)
-959.12%
|
$3.3m
+101.31%
|
$138.6m
+4072.12%
|
$104.9m
-24.36%
|
$67.5m
-35.66%
|
($34.7m)
-151.48%
|
($220.3m)
-534.23%
|
|
| Earnings Per Share, Basic | ($0.97) | $0.03 | $0.15 | $0.44 | ($3.48) | $0.03 | $1.14 | $0.55 | $0.34 | ($0.17) | ($1.02) | |
| Earnings Per Share, Diluted | ($0.97) | $0.03 | $0.15 | $0.44 | ($3.48) | $0.03 | $0.98 | $0.54 | $0.34 | ($0.17) | ($1.02) | |
| Weighted Average Number of Shares Outstanding, Basic | 38.7m | 51.4m | 59.5m | 66.6m | 72.9m | 99.4m | 121.3m | 190.6m | 197.9m | 205.0m | 214.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 38.7m | 52.8m | 60.8m | 66.8m | 72.9m | 121.2m | 141.8m | 195.4m | 200.3m | 205.0m | 214.1m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | $23k | $4.1m | $4.1m | $4.1m | — | — | — | — | — | |
| Gathering, transportation and processing costs | — | — | — | $2.9m | $4.1m | $4.3m | $1.8m | $458k | $506k | $585k | — | |
| Ad valorem taxes | — | — | — | $3.4m | $3.1m | $2.3m | $4.7m | $6.8m | $8.1m | $7.9m | — | |
| Oil and natural gas production taxes | $1.5m | $3.2m | $5.6m | $9.1m | $5.2m | $9.1m | $17.1m | $18.1m | $16.1m | $14.3m | — | |
| Depreciation, depletion and amortization | $11.5m | $20.5m | $39.0m | $56.2m | $43.0m | $37.2m | $55.7m | $88.6m | $98.7m | $96.4m | — | |
| Ceiling test impairment | $56.5m | $0 | $14.2m | $0 | $277.5m | $0 | $0 | $0 | $0 | $108.8m | — | |
| Asset retirement obligation accretion | $487k | $568k | $606k | $944k | $907k | $744k | $983k | $1.4m | $1.4m | $1.5m | — | |
| Income (Loss) from Operations | ($57.0m) |
$16.0m
+128.00%
|
$20.0m
+25.01%
|
$60.1m
+201.27%
|
($268.7m)
-546.75%
|
$95.8m
+135.64%
|
$191.7m
+100.24%
|
$145.8m
-23.97%
|
$132.9m
-8.84%
|
($34.3m)
-125.84%
|
$99.2m
+388.86%
|