| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | -21,885,905 | 29,745,625 |
| Depreciation, depletion and amortization | 73,411,242 | 48,185,897 |
| Ceiling test impairment | 72,912,330 | - |
| Asset retirement obligation accretion | 1,099,363 | 708,800 |
| Amortization of deferred financing costs | 3,768,292 | 3,074,667 |
| Share-based compensation | 4,661,397 | 3,042,797 |
| Credit loss expense | 19,029 | 18,122 |
| (gain) loss on disposal of assets | 385,545 | 279,903 |
| Deferred income tax expense (benefit) | 4,208,267 | -8,755,985 |
| Excess tax expense (benefit) related to share-based compensation | -232,296 | -108,763 |
| (gain) loss on derivative contracts | 14,163,569 | 13,719,264 |
| Cash received (paid) for derivative settlements, net | 2,710,479 | 124,249 |
| Accounts receivable | -2,299,483 | 2,373,460 |
| Inventory | 937,541 | 1,336,734 |
| Prepaid expenses and other assets | 496,396 | 935,483 |
| Accounts payable | -12,039,039 | -12,880,531 |
| Settlement of asset retirement obligation | -837,065 | -571,271 |
| Net cash provided by operating activities | 106,160,584 | 61,668,259 |
| Payments for the lime rock acquisition-Lime Rock Acquisition | 72,569,545 | 70,859,769 |
| Payments to purchase oil and natural gas properties | 1,512,415 | 797,289 |
| Payments to develop oil and natural gas properties | 70,251,975 | 49,256,881 |
| Payments to acquire or improve fixed assets subject to depreciation | 175,369 | 169,661 |
| Proceeds from sale of fixed assets subject to depreciation | 17,360 | 17,360 |
| Proceeds from divestiture of equipment for oil and natural gas properties | 100 | - |
| Proceeds from sale of new mexico properties-New Mexico Divestiture | 0 | 0 |
| Proceeds from sale of cbp vertical wells-CBPVertical Wells | 0 | - |
| Insurance proceeds received for damage to oil and natural gas properties | 260,446 | 99,913 |
| Net cash used in investing activities | -144,231,398 | -120,966,327 |
| Proceeds from revolving line of credit | 201,322,997 | 170,322,997 |
| Payments on revolving line of credit | 158,322,997 | 107,322,997 |
| Payments for taxes withheld on vested restricted shares, net | 961,446 | 953,446 |
| Proceeds from notes payable | 1,648,539 | 1,648,539 |
| Payments on notes payable | 1,143,107 | 656,517 |
| Payment of deferred financing costs | 5,713,978 | 5,381,602 |
| Reduction of financing lease liabilities | 338,682 | 225,301 |
| Net cash provided by (used in) financing activities | 36,491,326 | 57,431,673 |
| Net increase (decrease) in cash | -1,579,488 | -1,866,395 |
| Cash and cash equivalents at beginning of period | 1,866,395 | - |
| Cash and cash equivalents at end of period | 286,907 | - |
RING ENERGY, INC. (REI)
RING ENERGY, INC. (REI)