← 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
Total Revenue $56k $291k $120.1m $195.7m $113.0m $196.3m $347.2m $361.1m $366.3m $307.2m
Revenue from Contract with Customer, Including Assessed Tax $56k $291k $120.1m $195.7m $113.0m $196.3m $347.2m $361.1m $366.3m $307.2m
Cost of Revenue $15k $78k $27.8m $48.5m $37.0m $4.3m $1.8m $458k $203.8m $82.6m
Gross Profit (Calculated) (derived) $41k $213k $92.3m $147.2m $76.1m $192.0m $345.4m $360.6m $162.5m $224.6m
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 $20.0m $60.1m ($268.7m) $95.8m $191.7m $145.8m $132.9m ($34.3m)
Additional Financial Items
Investment Income, Interest $56k $291k $98k $14k $8 $1 $4 $257k $492k $291k
Oil, Natural Gas, and Natural Gas Liquids Revenues $56k $291k $120.1m $195.7m $113.0m $196.3m $347.2m $361.1m $366.3m $307.2m
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 $20.0m $60.1m ($268.7m) $95.8m $191.7m $145.8m $132.9m ($34.3m)
Interest income $56k $291k $98k $14k $8 $1 $4 $257k $492k $291k
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
Income (Loss) Before Benefit from (Provision for) Income Taxes ($57.6m) $12.2m $12.4m $43.3m ($259.4m) $3.4m $147.0m $105.0m $87.9m ($42.2m)
Benefit from (Provision for) Income Taxes $20.0m ($10.4m) ($3.4m) ($13.8m) $6.0m ($90k) ($8.4m) ($125k) ($20.4m) $7.5m
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)
Net Income (Loss) Attributable to Parent ($37.6m) $1.8m $9.0m $29.5m ($253.4m) $3.3m $138.6m $104.9m $67.5m ($34.7m)
Earnings Per Share, Basic ($0.97) $0.03 $0.15 $0.44 ($3.48) $0.03 $1.14 $0.55 $0.34 ($0.17)
Earnings Per Share, Diluted ($0.97) $0.03 $0.15 $0.44 ($3.48) $0.03 $0.98 $0.54 $0.34 ($0.17)
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
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
General and Administrative Expense $8.0m $10.5m $12.9m $19.9m $16.9m $16.1m $27.1m $29.2m $29.6m $31.9m
Operating Lease, Expense — — — $925k $1.2m $523k $364k $542k $700k $700k
Interest Expense (non-operating) — — — — — — — — $43.3m $40.4m
Business Combination, Acquisition Related Costs — — $23k $4.1m $4.1m $4.1m — — — —
Interest Expense $649k $0 $428k $13.9m $17.6m $14.5m $23.2m $43.9m $43.3m $40.4m
Gathering, transportation and processing costs — — — $2.9m $4.1m $4.3m $1.8m $458k $506k $585k
Net Other Income (Expense) ($593k) ($3.8m) ($7.5m) ($16.9m) $9.2m ($92.3m) ($44.7m) ($40.8m) ($45.0m) ($7.8m)
Income Tax Expense (Benefit) ($20.0m) $10.4m $3.4m $13.8m ($6.0m) $90k $8.4m $125k $20.4m ($7.5m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.