RING ENERGY, INC. (REI)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Oil, natural gas, and natural gas liquids revenues | 82,602,759 | 79,091,207 | 89,244,383 | 99,139,349 |
| Oil and natural gas production taxes | 3,832,607 | 3,584,455 | 4,203,851 | 3,627,264 |
| Operating lease expense | 175,090 | 175,091 | 175,091 | 175,090 |
| General and administrative expense | 7,138,519 | 8,619,976 | 6,421,567 | 7,713,534 |
| Depreciation, depletion and amortization | 25,569,914 | 22,615,983 | 25,662,123 | 24,699,421 |
| Asset retirement obligation accretion | 382,251 | 326,549 | 354,195 | 352,184 |
| Lease operating expenses | 20,245,981 | 19,677,552 | 20,315,282 | 19,309,017 |
| Gathering, transportation and processing costs | 133,809 | 203,612 | 102,420 | 107,629 |
| Ad valorem taxes | 1,648,647 | 1,532,108 | 2,164,562 | 1,337,276 |
| Total costs and operating expenses | 59,126,818 | 56,735,326 | 59,399,091 | 57,321,415 |
| Income from operations | 23,475,941 | 22,355,881 | 29,845,292 | 41,817,934 |
| Other income | 150,770 | 8,942 | - | - |
| Interest income | 69,658 | 90,058 | 143,704 | 144,933 |
| Interest (expense) | 11,757,404 | 9,498,786 | 10,754,243 | 10,946,127 |
| Gain (loss) on disposal of assets | 155,293 | 124,610 | - | 51,338 |
| Gain (loss) on derivative contracts | 14,648,054 | -928,790 | 24,731,625 | -1,828,599 |
| Net other income (expense) | 3,266,371 | -10,203,966 | 14,121,086 | -12,578,455 |
| Income before provision for income taxes | 26,742,312 | 12,151,915 | 43,966,378 | 29,239,479 |
| Provision for income taxes | 6,107,425 | 3,041,177 | 10,087,954 | 6,820,485 |
| Net income | 20,634,887 | 9,110,738 | 33,878,424 | 22,418,994 |
| Basic earnings (loss) per share (in dollars per share) | 0.1 | 0.05 | 0.17 | 0.11 |
| Basic weighted-average shares outstanding (in shares) | 206,522,356 | 199,314,182 | 198,177,046 | 197,976,721 |
| Diluted earnings (loss) per share (in dollars per share) | 0.1 | 0.05 | 0.17 | 0.11 |
| Diluted weighted-average shares outstanding (in shares) | 206,982,327 | 201,072,594 | 200,723,863 | 200,428,813 |