For the quarter ending 2025-09-30, REI had $286,907 increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | -51,631,530 | 29,745,625 |
| Depreciation, depletion and amortization | 25,225,345 | 48,185,897 |
| Ceiling test impairment | 72,912,330 | - |
| Asset retirement obligation accretion | 390,563 | 708,800 |
| Amortization of deferred financing costs | 693,625 | 3,074,667 |
| Share-based compensation | 1,618,600 | 3,042,797 |
| Credit loss expense | 907 | 18,122 |
| (gain) loss on disposal of assets | 105,642 | 279,903 |
| Deferred income tax expense (benefit) | 12,964,252 | -8,755,985 |
| Excess tax expense (benefit) related to share-based compensation | -123,533 | -108,763 |
| (gain) loss on derivative contracts | 444,305 | 13,719,264 |
| Cash received (paid) for derivative settlements, net | 2,586,230 | 124,249 |
| Accounts receivable | -4,672,943 | 2,373,460 |
| Inventory | -399,193 | 1,336,734 |
| Prepaid expenses and other assets | -439,087 | 935,483 |
| Accounts payable | 841,492 | -12,880,531 |
| Settlement of asset retirement obligation | -265,794 | -571,271 |
| Net cash provided by operating activities | 44,492,325 | 61,668,259 |
| Payments for the lime rock acquisition-Lime Rock Acquisition | 1,709,776 | 70,859,769 |
| Payments to purchase oil and natural gas properties | 715,126 | 797,289 |
| Payments to develop oil and natural gas properties | 20,995,094 | 49,256,881 |
| Payments to acquire or improve fixed assets subject to depreciation | 5,708 | 169,661 |
| Proceeds from sale of fixed assets subject to depreciation | 0 | 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 | 160,533 | 99,913 |
| Net cash used in investing activities | -23,265,071 | -120,966,327 |
| Proceeds from revolving line of credit | 31,000,000 | 170,322,997 |
| Payments on revolving line of credit | 51,000,000 | 107,322,997 |
| Payments for taxes withheld on vested restricted shares, net | 8,000 | 953,446 |
| Proceeds from notes payable | 0 | 1,648,539 |
| Payments on notes payable | 486,590 | 656,517 |
| Payment of deferred financing costs | 332,376 | 5,381,602 |
| Reduction of financing lease liabilities | 113,381 | 225,301 |
| Net cash provided by (used in) financing activities | -20,940,347 | 57,431,673 |
| Net increase (decrease) in cash | 286,907 | -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)