Ring Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Ring Energy Inc reported net income of ($34.7M) (-151.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Oil, Natural Gas, and Natural Gas Liquids Revenues | $307.2M | $366.3M | $361.1M | $347.2M |
| Lease operating expenses | $79.4M | $78.3M | $70.2M | $47.7M |
| Gathering, transportation and processing costs | $585.1K | $506.3K | $457.6K | $1.8M |
| Ad valorem taxes | $7.9M | $8.1M | $6.8M | $4.7M |
| Oil and natural gas production taxes | $14.3M | $16.1M | $18.1M | $17.1M |
| Depreciation, depletion and amortization | $96.4M | $98.7M | $88.6M | $55.7M |
| Ceiling test impairment | $108.8M | — | — | $0 |
| Asset retirement obligation accretion | $1.5M | $1.4M | $1.4M | $983.4K |
| Operating lease expense | $700.4K | $700.4K | $541.8K | $363.9K |
| General and administrative expense | $31.9M | $29.6M | $29.2M | $27.1M |
| Total Costs and Operating Expenses | $341.5M | $233.4M | $215.3M | $155.5M |
| Income (Loss) from Operations | ($34.3M) | $132.9M | $145.8M | $191.7M |
| Interest income | $290.9K | $491.9K | $257.2K | $4 |
| Interest (expense) | ($40.4M) | ($43.3M) | ($43.9M) | ($23.2M) |
| Gain (loss) on derivative contracts | $31.7M | ($2.4M) | $2.8M | ($21.5M) |
| Gain (loss) on disposal of assets | $446.4K | $89.7K | — | — |
| Other income | $189.3K | $106.7K | $198.9K | — |
| Net Other Income (Expense) | ($7.8M) | ($45.0M) | ($40.8M) | ($44.7M) |
| Income (Loss) Before Benefit from (Provision for) Income Taxes | ($42.2M) | $87.9M | $105.0M | $147.0M |
| Benefit from (Provision for) Income Taxes | $7.5M | ($20.4M) | ($125.2K) | ($8.4M) |
| Net Income (Loss) | ($34.7M) | $67.5M | $104.9M | $138.6M |
| Basic Earnings (Loss) per Share (in dollars per share) | -$0.17 | $0.34 | $0.55 | $1.14 |
| Diluted Earnings (Loss) per Share (in dollars per share) | -$0.17 | $0.34 | $0.54 | $0.98 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Oil, Natural Gas, and Natural Gas Liquids Revenues | $104.7M | $73.7M | $78.6M | $82.6M |
| Lease operating expenses | $18.4M | $18.1M | $20.5M | $20.2M |
| Gathering, transportation and processing costs | $101.9K | $117.0K | $126.6K | $133.8K |
| Ad valorem taxes | $2.2M | $2.2M | $2.4M | $1.6M |
| Oil and natural gas production taxes | $5.0M | $3.6M | $3.7M | $3.8M |
| Depreciation, depletion and amortization | $20.1M | $21.4M | $25.2M | $25.6M |
| Ceiling test impairment | $0 | $162.1M | $72.9M | — |
| Asset retirement obligation accretion | $401.9K | $395.5K | $390.6K | $382.3K |
| Operating lease expense | $175.1K | $175.1K | $175.1K | $175.1K |
| General and administrative expense | $8.0M | $7.4M | $8.1M | $7.1M |
| Total Costs and Operating Expenses | $54.4M | $215.5M | $133.6M | $59.1M |
| Income (Loss) from Operations | $50.3M | ($141.8M) | ($55.0M) | $23.5M |
| Interest income | $148.5K | $70.5K | $74.3K | $69.7K |
| Interest (expense) | ($8.4M) | ($8.6M) | ($10.1M) | ($11.8M) |
| Gain (loss) on derivative contracts | $23.7M | ($82.2M) | $444.3K | $14.6M |
| Gain (loss) on disposal of assets | $104.2K | $0 | $105.6K | $155.3K |
| Other income | $9.6K | $5.8K | $0 | $150.8K |
| Net Other Income (Expense) | $15.6M | ($90.8M) | ($9.4M) | $3.3M |
| Income (Loss) Before Benefit from (Provision for) Income Taxes | $65.9M | ($232.6M) | ($64.4M) | $26.7M |
| Benefit from (Provision for) Income Taxes | ($1.1M) | $12.0M | $12.8M | ($6.1M) |
| Net Income (Loss) | $64.8M | ($220.6M) | ($51.6M) | $20.6M |
| Basic Earnings (Loss) per Share (in dollars per share) | $0.28 | -$1.06 | -$0.25 | $0.10 |
| Diluted Earnings (Loss) per Share (in dollars per share) | $0.27 | -$1.06 | -$0.25 | $0.10 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $902.9K | $1.9M | $296.4K | $3.7M |
| Accounts receivable | $30.9M | $36.2M | $39.0M | $42.4M |
| Joint interest billing receivables, net | $1.6M | $1.1M | $2.4M | $983.8K |
| Derivative assets | $21.5M | $5.5M | $6.2M | $4.7M |
| Inventory | $5.3M | $4.0M | $6.1M | $9.3M |
| Prepaid expenses and other assets | $1.8M | $1.8M | $1.9M | $2.1M |
| Total Current Assets | $62.1M | $50.4M | $55.9M | $63.2M |
| Oil and natural gas properties, full cost method | $1.9B | $1.8B | $1.7B | $1.5B |
| Financing lease asset subject to depreciation | $3.6M | $4.6M | $3.9M | $3.0M |
| Fixed assets subject to depreciation | $3.5M | $3.4M | $3.2M | $3.1M |
| Total Properties and Equipment | $1.9B | $1.8B | $1.7B | $1.5B |
| Accumulated depreciation, depletion and amortization | ($569.2M) | ($475.2M) | ($377.3M) | ($289.9M) |
| Net Properties and Equipment | $1.3B | $1.3B | $1.3B | $1.2B |
| Operating lease asset | $1.3M | $1.9M | $2.5M | $1.7M |
| Derivative assets | $9.7M | $5.5M | $11.6M | $6.1M |
| Deferred financing costs | $9.3M | $8.1M | $13.0M | $17.9M |
| Total Assets | $1.4B | $1.4B | $1.4B | $1.3B |
| Accounts payable | $97.5M | $95.7M | $104.1M | $111.4M |
| Income tax liability | $356.4K | $329.0K | — | — |
| Financing lease liability | $730.6K | $906.1K | $956.3K | $709.7K |
| Operating lease liability | $586.6K | $648.2K | $568.2K | $398.4K |
| Derivative liabilities | $841.2K | $6.4M | $7.5M | $13.3M |
| Notes payable | $505.8K | $496.4K | $533.7K | $499.9K |
| Asset retirement obligations | $418.5K | $517.7K | $165.6K | $30.2M |
| Total Current Liabilities | $101.0M | $105.0M | $113.8M | $141.2M |
| Deferred income taxes | $20.8M | $28.6M | $8.6M | $8.5M |
| Revolving line of credit | $420.0M | $385.0M | $425.0M | $415.0M |
| Financing lease liability, less current portion | $593.1K | $647.1K | $906.3K | $1.1M |
| Operating lease liability, less current portion | $819.2K | $1.4M | $2.1M | $1.5M |
| Derivative liabilities | $2.5M | $2.9M | $11.5M | $10.5M |
| Asset retirement obligations | $30.0M | $25.9M | $28.1M | — |
| Total Liabilities | $575.6M | $549.5M | $589.9M | $607.9M |
| Preferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock - $0.001 par value; 450,000,000 shares authorized; 207,656,929 shares and 198,561,378 shares issued and outstanding, respectively | 207.7K | 198.6K | 196.8K | 175.5K |
| Additional paid-in capital | $812.8M | $800.4M | $795.8M | $775.2M |
| Retained earnings (Accumulated deficit) | $23.3M | $58.0M | ($9.4M) | ($114.3M) |
| Total Stockholders’ Equity | $836.3M | $858.6M | $786.6M | $661.1M |
| Total Liabilities and Stockholders' Equity | $1.4B | $1.4B | $1.4B | $1.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1M | $1.0M | $286.9K | $0 |
| Accounts receivable | $43.5M | $45.7M | $34.5M | $38.7M |
| Joint interest billing receivables, net | $1.1M | $901.5K | $917.6K | $781.4K |
| Derivative assets | $6.3M | $4.0M | $12.9M | $14.8M |
| Inventory | $5.6M | $6.1M | $5.0M | $5.4M |
| Prepaid expenses and other assets | $3.2M | $1.4M | $2.3M | $2.7M |
| Total Current Assets | $60.8M | $59.3M | $55.8M | $62.4M |
| Oil and natural gas properties, full cost method | $1.8B | $1.8B | $1.9B | $1.9B |
| Financing lease asset subject to depreciation | $3.7M | $3.7M | $3.7M | $3.7M |
| Fixed assets subject to depreciation | $3.4M | $3.5M | $3.5M | $3.5M |
| Total Properties and Equipment | $1.8B | $1.8B | $1.9B | $2.0B |
| Accumulated depreciation, depletion and amortization | ($610.0M) | ($590.5M) | ($546.6M) | ($521.7M) |
| Net Properties and Equipment | $1.2B | $1.2B | $1.4B | $1.4B |
| Operating lease asset | $963.4K | $1.1M | $1.4M | $1.6M |
| Derivative assets | $10.2M | $7.2M | $4.2M | $6.6M |
| Deferred financing costs | $8.0M | $8.7M | $10.0M | $10.5M |
| Total Assets | $1.3B | $1.3B | $1.4B | $1.5B |
| Accounts payable | $98.1M | $102.6M | $86.5M | $82.4M |
| Income tax liability | $515.0K | $535.3K | $305.1K | $675.4K |
| Financing lease liability | $693.4K | $686.7K | $728.8K | $724.5K |
| Operating lease liability | $491.8K | $539.5K | $633.3K | $674.9K |
| Derivative liabilities | $11.4M | $43.1M | $2.3M | $2.3M |
| Notes payable | $1.5M | $0 | $1.0M | $1.5M |
| Asset retirement obligations | $291.8K | $397.4K | $418.5K | $415.0K |
| Total Current Liabilities | $112.9M | $147.9M | $101.6M | $98.3M |
| Deferred income taxes | $11.2M | $10.2M | $24.6M | $37.5M |
| Revolving line of credit | $360.0M | $426.0M | $428.0M | $448.0M |
| Financing lease liability, less current portion | $533.2K | $487.1K | $547.1K | $580.6K |
| Operating lease liability, less current portion | $569.3K | $695.2K | $940.9K | $1.1M |
| Derivative liabilities | $12.0M | $17.2M | $1.7M | $3.9M |
| Asset retirement obligations | $30.8M | $30.2M | $29.6M | $29.1M |
| Total Liabilities | $528.1M | $632.7M | $587.0M | $618.4M |
| Preferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock - $0.001 par value; 450,000,000 shares authorized; 260,520,291 shares and 207,656,929 shares issued and outstanding, respectively | 260.5K | 209.4K | 207.2K | 206.5K |
| Additional paid-in capital | $879.9M | $813.3M | $811.3M | $809.9M |
| Retained earnings (Accumulated deficit) | ($126.8M) | ($191.6M) | $36.1M | $87.8M |
| Total Stockholders’ Equity | $753.4M | $622.0M | $847.7M | $897.9M |
| Total Liabilities and Stockholders' Equity | $1.3B | $1.3B | $1.4B | $1.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | ($34.7M) | $67.5M | $104.9M | $138.6M |
| Depreciation, depletion and amortization | $96.4M | $98.7M | $88.6M | $55.7M |
| Ceiling test impairment | $108.8M | — | — | $0 |
| Asset retirement obligation accretion | $1.5M | $1.4M | $1.4M | $983.4K |
| Amortization of deferred financing costs | $4.5M | $5.0M | $4.9M | $2.7M |
| Share-based compensation | $6.1M | $5.5M | $8.8M | $7.2M |
| Credit loss expense | $19.0K | $160.8K | $134.0K | $242.2K |
| (Gain) loss on disposal of assets | ($446.4K) | ($89.7K) | — | — |
| Deferred income tax expense (benefit) | ($7.9M) | $19.9M | ($425.3K) | $8.7M |
| Excess tax expense (benefit) related to share-based compensation | $30.8K | $104.3K | $478.3K | ($312.3K) |
| (Gain) loss on derivative contracts | ($31.7M) | $2.4M | ($2.8M) | $21.5M |
| Cash received (paid) for derivative settlements, net | $5.5M | ($5.2M) | ($9.1M) | ($62.5M) |
| Accounts receivable | $4.5M | $3.6M | $1.2M | ($17.2M) |
| Inventory | ($1.3M) | $2.1M | $3.1M | ($5.6M) |
| Prepaid expenses and other assets | ($41.4K) | $93.5K | $226.7K | ($1.2M) |
| Accounts payable | $474.7K | ($5.1M) | ($1.5M) | $50.8M |
| Settlement of asset retirement obligation | ($904.5K) | ($1.6M) | ($1.9M) | ($2.7M) |
| Net Cash Provided by Operating Activities | $150.8M | $194.4M | $198.2M | $197.0M |
| Payments for acquisitions | ($81.9M) | $0 | ($80.7M) | ($177.8M) |
| Payments to purchase oil and natural gas properties | ($2.5M) | ($2.2M) | ($2.2M) | ($1.6M) |
| Payments to develop oil and natural gas properties | ($95.2M) | ($153.9M) | ($152.6M) | ($129.3M) |
| Payments to acquire or improve fixed assets subject to depreciation | ($179.8K) | ($185.5K) | ($492.3K) | ($319.9K) |
| Proceeds from sale of fixed assets subject to depreciation | $17.4K | $10.6K | $332.2K | $134.6K |
| Proceeds from divestiture of oil and natural gas properties | $100 | $121.2K | $1.6M | $23.7K |
| Proceeds from sale of properties | $0 | $5.5M | $11.5M | — |
| Proceeds from sale of New Mexico properties | $0 | ($144.4K) | — | — |
| Insurance proceeds received for damage to oil and natural gas properties | $260.4K | — | — | — |
| Net Cash Used in Investing Activities | ($179.5M) | ($150.9M) | ($222.6M) | ($308.9M) |
| Proceeds from revolving line of credit | $231.8M | $130.0M | $225.0M | $636.0M |
| Payments on revolving line of credit | ($196.8M) | ($170.0M) | ($215.0M) | ($511.0M) |
| Proceeds from issuance of common stock and warrants | $0 | $0 | $12.3M | $8.2M |
| Payments for taxes withheld on vested restricted shares, net | -1.2M | -919.2K | -520.2K | -521.2K |
| Proceeds from notes payable | $1.6M | $1.6M | $1.6M | $1.3M |
| Payments on notes payable | ($1.6M) | ($1.6M) | ($1.6M) | ($1.4M) |
| Payment of deferred financing costs | ($5.6M) | ($88.5K) | ($52.2K) | ($18.9M) |
| Reduction of financing lease liabilities | ($484.1K) | ($954.3K) | ($776.4K) | ($495.1K) |
| Net Cash Provided by (Used in) Financing Activities | $27.7M | ($42.0M) | $21.0M | $113.2M |
| Net Increase (Decrease) in Cash | ($963.5K) | $1.6M | ($3.4M) | $1.3M |
| Cash at Beginning of Period | $1.9M | $296.4K | $3.7M | $2.4M |
| Cash at End of Period | $902.9K | $1.9M | $296.4K | $3.7M |
| Cash paid for interest | $32.4M | $39.2M | $38.0M | $19.8M |
| Cash paid (refunded) for income taxes | $347.5K | $72.2K | $72.2K | — |
| Asset retirement obligation incurred during development | $89.9K | $695.6K | $439.5K | $353.0K |
| Asset retirement obligation acquired | $2.8M | $0 | $2.1M | $14.5M |
| Asset retirement obligation revision of estimate | ($78.5K) | $133.8K | $53.8K | $0 |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($155.8M) | ($220.6M) | ($21.9M) | $29.7M |
| Depreciation, depletion and amortization | $41.5M | $21.4M | $73.4M | $48.2M |
| Ceiling test impairment | $162.1M | $162.1M | $72.9M | — |
| Asset retirement obligation accretion | $797.4K | $395.5K | $1.1M | $708.8K |
| Amortization of deferred financing costs | $1.4M | $694.1K | $3.8M | $3.1M |
| Share-based compensation | $3.7M | $1.5M | $4.7M | $3.0M |
| Credit loss expense | $92.4K | $0 | $19.0K | $18.1K |
| (Gain) loss on disposal of assets | ($104.2K) | $0 | ($385.5K) | ($279.9K) |
| Deferred income tax expense (benefit) | ($11.2M) | ($12.2M) | ($4.2M) | $8.8M |
| Excess tax expense (benefit) related to share-based compensation | $160.9K | $158.6K | $232.3K | $108.8K |
| (Gain) loss on derivative contracts | $58.5M | $82.2M | ($14.2M) | ($13.7M) |
| Cash received (paid) for derivative settlements, net | ($23.7M) | ($5.3M) | $2.7M | $124.2K |
| Accounts receivable | ($12.1M) | ($14.1M) | $2.3M | ($2.4M) |
| Inventory | ($313.5K) | ($836.2K) | ($937.5K) | ($1.3M) |
| Prepaid expenses and other assets | ($1.4M) | $396.3K | ($496.4K) | ($935.5K) |
| Accounts payable | $3.7M | $10.2M | ($12.0M) | ($12.9M) |
| Settlement of asset retirement obligation | ($643.7K) | ($203.4K) | ($837.1K) | ($571.3K) |
| Net Cash Provided by Operating Activities | $66.7M | $25.9M | $106.2M | $61.7M |
| Payments for Lime Rock Acquisition | $0 | $0 | ($72.6M) | ($70.9M) |
| Payments to purchase oil and natural gas properties | ($4.4M) | ($2.8M) | ($1.5M) | ($797.3K) |
| Payments to develop oil and natural gas properties | ($72.4M) | ($32.5M) | ($70.3M) | ($49.3M) |
| Payments to acquire or improve fixed assets subject to depreciation | $0 | $0 | ($175.4K) | ($169.7K) |
| Proceeds from sale of fixed assets subject to depreciation | $100.8K | $0 | $17.4K | $17.4K |
| Proceeds from divestiture of oil and natural gas properties | $4.9M | $4.3M | $100 | — |
| Insurance proceeds received for damage to oil and natural gas properties | $0 | — | $260.4K | $99.9K |
| Net Cash Used in Investing Activities | ($71.9M) | ($31.0M) | ($144.2M) | ($121.0M) |
| Proceeds from revolving line of credit | $103.0M | $48.0M | $201.3M | $170.3M |
| Payments on revolving line of credit | ($163.0M) | ($42.0M) | ($158.3M) | ($107.3M) |
| Proceeds from issuance of common stock | $64.8M | — | — | — |
| Payments for taxes withheld on vested restricted shares, net | -965 | -965 | -961.4K | -953.4K |
| Proceeds from notes payable | $1.7M | — | $1.6M | $1.6M |
| Payments on notes payable | ($667.3K) | ($505.8K) | ($1.1M) | ($656.5K) |
| Payment of deferred financing costs | ($35.5K) | ($35.5K) | ($5.7M) | ($5.4M) |
| Reduction of financing lease liabilities | ($325.1K) | ($192.7K) | ($338.7K) | ($225.3K) |
| Net Cash Provided by (Used in) Financing Activities | $5.4M | $5.3M | $36.5M | $57.4M |
| Net Increase (Decrease) in Cash | $234.5K | $137.7K | ($1.6M) | ($1.9M) |
| Cash at Beginning of Period | $902.9K | $902.9K | $1.9M | $1.9M |
| Cash at End of Period | $1.1M | $1.0M | $286.9K | $0 |
| Cash paid for interest | $16.5M | $8.3M | $23.6M | $21.0M |
| Cash paid (refunded) for income taxes | ($3.3K) | ($83.3K) | $347.5K | ($62.5K) |
| Asset retirement obligation incurred during development | $26.9K | $17.4K | $77.3K | $23.2K |
| Asset retirement obligation acquired | $0 | $0 | $2.7M | $2.6M |
| Asset retirement obligation revision of estimate | $233.2K | $8.9K | — | — |
| Asset retirement obligation sold | ($51.6K) | ($51.6K) | ($65.1K) | $0 |
| Financing lease assets obtained in exchange for new financing lease liability, net | $92.4K | $42.8K | $453.8K | $264.1K |
Ring Energy Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.