For the quarter ending 2026-03-31, REI made $73,671,664 in revenue. -$220,591,482 in net income. Net profit margin of -299.43%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Oil, natural gas, and natural gas liquids revenues | 73,671,664 | 66,882,770 | 78,601,336 | 82,602,759 |
| Lease operating expenses | 18,122,344 | 18,911,801 | 20,518,472 | 20,245,981 |
| Gathering, transportation and processing costs | 117,049 | 121,097 | 126,569 | 133,809 |
| Ad valorem taxes | 2,202,537 | 2,279,266 | 2,446,565 | 1,648,647 |
| Oil and natural gas production taxes | 3,553,891 | 3,224,183 | 3,670,987 | 3,832,607 |
| Depreciation, depletion and amortization | 21,405,948 | 23,002,908 | 25,225,345 | 25,569,914 |
| Ceiling test impairment | 162,086,257 | 35,913,116 | 72,912,330 | - |
| Asset retirement obligation accretion | 395,496 | 390,892 | 390,563 | 382,251 |
| Operating lease expense | 175,091 | 175,090 | 175,091 | 175,090 |
| General and administrative expense | 7,438,778 | 8,030,310 | 8,139,771 | 7,138,519 |
| Total costs and operating expenses | 215,497,391 | 92,048,663 | 133,605,693 | 59,126,818 |
| Income (loss) from operations | -141,825,727 | -25,165,893 | -55,004,357 | 23,475,941 |
| Interest income | 70,529 | 56,910 | 74,253 | 69,658 |
| Interest (expense) | 8,599,609 | 9,122,419 | 10,052,320 | 11,757,404 |
| Gain (loss) on derivative contracts | -82,230,925 | 17,495,270 | 444,305 | 14,648,054 |
| Gain (loss) on disposal of assets | 0 | 60,855 | 105,642 | 155,293 |
| Other income | 5,837 | 29,582 | 0 | 150,770 |
| Net other income (expense) | -90,754,168 | 8,520,198 | -9,428,120 | 3,266,371 |
| Income (loss) before benefit from (provision for) income taxes | -232,579,895 | -16,645,695 | -64,432,477 | 26,742,312 |
| Benefit from (provision for) income taxes | -11,988,413 | -3,800,401 | -12,800,947 | 6,107,425 |
| Net income (loss) | -220,591,482 | -12,845,294 | -51,631,530 | 20,634,887 |
| Basic EPS | -1.06 | -0.062 | -0.25 | 0.1 |
| Diluted EPS | -1.06 | -0.063 | -0.25 | 0.1 |
| Basic Average Shares | 208,558,546 | 207,412,351 | 206,688,003 | 206,522,356 |
| Diluted Average Shares | 208,558,546 | 205,193,968 | 206,688,003 | 206,982,327 |
RING ENERGY, INC. (REI)
RING ENERGY, INC. (REI)