REI
Income statement / Annual
Last year (2024), Ring Energy, Inc.'s total revenue was $366.33 M,
an increase of 1.46% from the previous year.
In 2024, Ring Energy, Inc.'s net income was $67.47 M.
See Ring Energy, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$366.33 M |
$361.06 M |
$347.25 M |
$196.31 M |
$113.03 M |
$195.70 M |
$120.07 M |
$66.70 M |
$30.85 M |
$31.01 M |
| Cost of Revenue |
$506.33 M
|
$184.12 M
|
$127.06 M
|
$83.74 M
|
$86.40 M
|
$114.76 M
|
$72.46 M
|
$39.65 M
|
$22.86 M
|
$26.60 M
|
| Gross Profit |
-$140.01 M
|
$176.94 M
|
$220.19 M
|
$112.57 M
|
$26.62 M
|
$80.95 M
|
$47.61 M
|
$27.05 M
|
$7.99 M
|
$4.41 M
|
| Gross Profit Ratio |
-0.38
|
0.49
|
0.63
|
0.57
|
0.24
|
0.41
|
0.4
|
0.41
|
0.26
|
0.14
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$29.64 B
|
$29.19 M
|
$27.46 M
|
$16.07 M
|
$16.87 M
|
$19.87 M
|
$12.87 M
|
$10.52 M
|
$8.03 M
|
$8.00 M
|
| Selling & Marketing Expenses |
-$29.61 B
|
$541,801.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$30.34 M
|
$29.73 M
|
$27.46 M
|
$16.07 M
|
$16.87 M
|
$19.87 M
|
$12.87 M
|
$10.52 M
|
$8.03 M
|
$8.00 M
|
| Other Expenses |
$1.38 M
|
$0.00
|
$983,432.00
|
$744,045.00
|
$906,616.00
|
$943,707.00
|
$606,459.00
|
$567,968.00
|
$487,182.00
|
$418,384.00
|
| Operating Expenses |
$31.72 M
|
$31.16 M
|
$28.44 M
|
$16.81 M
|
$17.78 M
|
$20.81 M
|
$13.47 M
|
$11.08 M
|
$8.51 M
|
$8.41 M
|
| Cost And Expenses |
$233.43 M
|
$215.28 M
|
$155.51 M
|
$100.55 M
|
$104.18 M
|
$135.57 M
|
$85.93 M
|
$50.73 M
|
$31.37 M
|
$35.02 M
|
| Interest Income |
$491,946.00
|
$257,155.00
|
$4.00
|
$1.00
|
$8.00
|
$13,511.00
|
$97,855.00
|
$291,083.00
|
$56,498.00
|
$6,984.00
|
| Interest Expense |
$43.31 M
|
$43.93 M
|
$23.17 M
|
$14.49 M
|
$17.62 M
|
$13.87 M
|
$427,898.00
|
$291,083.00
|
$649,009.00
|
$749,134.00
|
| Depreciation & Amortization |
$98.70 M
|
$90.04 M
|
$56.72 M
|
$37.91 M
|
$43.92 M
|
$57.15 M
|
$39.63 M
|
$21.09 M
|
$11.97 M
|
$15.18 M
|
| EBITDA |
$229.93 M |
$238.95 M |
$226.94 M |
$55.82 M |
-$197.88 M |
$114.30 M |
$52.50 M |
$32.96 M |
-$45.01 M |
$2.29 M |
| EBITDA Ratio |
0.63
|
0.66
|
0.71
|
0.68
|
0.46
|
0.59
|
0.61
|
0.55
|
0.36
|
0.36
|
| Operating Income Ratio |
0.36
|
0.4
|
0.55
|
0.49
|
0.08
|
0.31
|
0.17
|
0.24
|
-1.85
|
-0.43
|
| Total Other Income/Expenses Net |
-$44.99 M
|
-$40.79 M
|
-$44.70 M
|
-$92.34 M
|
$9.25 M
|
-$16.85 M
|
-$7.52 M
|
-$3.80 M
|
-$592,511.00
|
-$742,150.00
|
| Income Before Tax |
$87.91 M
|
$104.99 M
|
$147.04 M
|
$3.41 M
|
-$259.41 M
|
$43.28 M
|
$12.45 M
|
$12.17 M
|
-$57.63 M
|
-$14.06 M
|
| Income Before Tax Ratio |
0.24
|
0.29
|
0.42
|
0.02
|
-2.3
|
0.22
|
0.1
|
0.18
|
-1.87
|
-0.45
|
| Income Tax Expense |
$20.44 M
|
$125,241.00
|
$8.41 M
|
$90,342.00
|
-$6.00 M
|
$13.79 M
|
$3.45 M
|
$10.42 M
|
-$19.99 M
|
-$5.00 M
|
| Net Income |
$67.47 M
|
$104.86 M
|
$138.64 M
|
$3.32 M
|
-$253.41 M
|
$29.50 M
|
$9.00 M
|
$1.75 M
|
-$37.64 M
|
-$9.05 M
|
| Net Income Ratio |
0.18
|
0.29
|
0.4
|
0.02
|
-2.24
|
0.15
|
0.07
|
0.03
|
-1.22
|
-0.29
|
| EPS |
0.34 |
0.55 |
1.14 |
0.0334 |
-3.48 |
0.44 |
0.15 |
0.03 |
-0.97 |
-0.32 |
| EPS Diluted |
0.34 |
0.54 |
0.98 |
0.0274 |
-3.48 |
0.44 |
0.15 |
0.03 |
-0.97 |
-0.32 |
| Weighted Average Shares Out |
$197.94 M
|
$190.59 M
|
$121.26 M
|
$99.39 M
|
$72.89 M
|
$66.57 M
|
$59.53 M
|
$51.38 M
|
$38.71 M
|
$28.18 M
|
| Weighted Average Shares Out Diluted |
$200.28 M
|
$195.36 M
|
$141.75 M
|
$121.19 M
|
$72.89 M
|
$66.76 M
|
$60.85 M
|
$52.81 M
|
$38.71 M
|
$28.18 M
|
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