For the quarter ending 2026-03-31, REI had $137,723 increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | -220,591,482 | -12,845,294 | -51,631,530 | 29,745,625 |
| Depreciation, depletion and amortization | 21,405,948 | 23,002,908 | 25,225,345 | 48,185,897 |
| Ceiling test impairment | 162,086,257 | 35,913,116 | 72,912,330 | - |
| Asset retirement obligation accretion | 395,496 | 390,892 | 390,563 | 708,800 |
| Amortization of deferred financing costs | 694,148 | 691,228 | 693,625 | 3,074,667 |
| Share-based compensation | 1,524,808 | 1,474,560 | 1,618,600 | 3,042,797 |
| Credit loss expense | 0 | 0 | 907 | 18,122 |
| (gain) loss on disposal of assets | 0 | 60,855 | 105,642 | 279,903 |
| Deferred income tax expense (benefit) | 12,242,582 | 3,650,179 | 12,964,252 | -8,755,985 |
| Excess tax expense (benefit) related to share-based compensation | -158,582 | 201,533 | -123,533 | -108,763 |
| (gain) loss on derivative contracts | -82,230,925 | 17,495,270 | 444,305 | 13,719,264 |
| Cash received (paid) for derivative settlements, net | -5,276,011 | 2,741,821 | 2,586,230 | 124,249 |
| Accounts receivable | 14,069,612 | -2,153,443 | -4,672,943 | 2,373,460 |
| Inventory | 836,248 | 327,355 | -399,193 | 1,336,734 |
| Prepaid expenses and other assets | -396,255 | -454,986 | -439,087 | 935,483 |
| Accounts payable | 10,221,636 | 12,513,783 | 841,492 | -12,880,531 |
| Settlement of asset retirement obligation | -203,419 | -67,428 | -265,794 | -571,271 |
| Net cash provided by operating activities | 25,894,701 | 44,688,823 | 44,492,325 | 61,668,259 |
| Payments for acquisitions-Stronghold Acquisition | - | 0 | - | - |
| Payments for acquisitions-Founders Acquisition | - | 0 | - | - |
| Payments for the lime rock acquisition | 0 | 9,293,884 | 1,709,776 | 70,859,769 |
| Proceeds from sale of properties-Delaware Basin | - | 0 | - | - |
| Proceeds from sale of new mexico properties-New Mexico Divestiture | - | 0 | 0 | 0 |
| Proceeds from sale of properties-CBPVertical Wells | - | 0 | 0 | - |
| Insurance proceeds received for damage to oil and natural gas properties | - | 0 | 160,533 | 99,913 |
| Payments to purchase oil and natural gas properties | 2,781,731 | 1,016,517 | 715,126 | 797,289 |
| Payments to develop oil and natural gas properties | 32,506,820 | 24,955,052 | 20,995,094 | 49,256,881 |
| Payments to acquire or improve fixed assets subject to depreciation | 0 | 4,402 | 5,708 | 169,661 |
| Proceeds from sale of fixed assets subject to depreciation | 0 | 0 | 0 | 17,360 |
| Proceeds from divestiture of oil and natural gas properties | 4,266,479 | 0 | 100 | - |
| Proceeds from notes payable | - | 0 | 0 | 1,648,539 |
| Net cash used in investing activities | -31,022,072 | -35,269,855 | -23,265,071 | -120,966,327 |
| Proceeds from revolving line of credit | 48,000,000 | 30,500,000 | 31,000,000 | 170,322,997 |
| Payments on revolving line of credit | 42,000,000 | 38,500,000 | 51,000,000 | 107,322,997 |
| Proceeds from issuance of common stock and warrants | - | 0 | - | - |
| Payments for taxes withheld on vested restricted shares, net | 965 | 228,359 | 8,000 | 953,446 |
| Payments on notes payable | 505,752 | 496,077 | 486,590 | 656,517 |
| Payment of deferred financing costs | 35,460 | -66,871 | 332,376 | 5,381,602 |
| Reduction of financing lease liabilities | 192,729 | 145,397 | 113,381 | 225,301 |
| Net cash provided by (used in) financing activities | 5,265,094 | -8,802,962 | -20,940,347 | 57,431,673 |
| Net increase (decrease) in cash | 137,723 | 616,006 | 286,907 | -1,866,395 |
| Cash at beginning of period | 902,913 | 286,907 | 1,866,395 | - |
| Cash at end of period | 1,040,636 | 902,913 | 286,907 | - |
RING ENERGY, INC. (REI)
RING ENERGY, INC. (REI)