For the quarter ending 2025-09-30, REI made $78,601,336 in revenue. -$51,631,530 in net income. Net profit margin of -65.69%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Oil, natural gas, and natural gas liquids revenues | 78,601,336 | 82,602,759 | 79,091,207 | 89,244,383 |
| Lease operating expenses | 20,518,472 | 20,245,981 | 19,677,552 | 20,315,282 |
| Gathering, transportation and processing costs | 126,569 | 133,809 | 203,612 | 102,420 |
| Ad valorem taxes | 2,446,565 | 1,648,647 | 1,532,108 | 2,164,562 |
| Oil and natural gas production taxes | 3,670,987 | 3,832,607 | 3,584,455 | 4,203,851 |
| Depreciation, depletion and amortization | 25,225,345 | 25,569,914 | 22,615,983 | 25,662,123 |
| Ceiling test impairment | 72,912,330 | - | - | - |
| Asset retirement obligation accretion | 390,563 | 382,251 | 326,549 | 354,195 |
| Operating lease expense | 175,091 | 175,090 | 175,091 | 175,091 |
| General and administrative expense | 8,139,771 | 7,138,519 | 8,619,976 | 6,421,567 |
| Total costs and operating expenses | 133,605,693 | 59,126,818 | 56,735,326 | 59,399,091 |
| Income (loss) from operations | -55,004,357 | 23,475,941 | 22,355,881 | 29,845,292 |
| Interest income | 74,253 | 69,658 | 90,058 | 143,704 |
| Interest (expense) | 10,052,320 | 11,757,404 | 9,498,786 | 10,754,243 |
| Gain (loss) on derivative contracts | 444,305 | 14,648,054 | -928,790 | 24,731,625 |
| Gain (loss) on disposal of assets | 105,642 | 155,293 | 124,610 | - |
| Other income | 0 | 150,770 | 8,942 | - |
| Net other income (expense) | -9,428,120 | 3,266,371 | -10,203,966 | 14,121,086 |
| Income (loss) before benefit from (provision for) income taxes | -64,432,477 | 26,742,312 | 12,151,915 | 43,966,378 |
| Benefit from (provision for) income taxes | -12,800,947 | 6,107,425 | 3,041,177 | 10,087,954 |
| Net income (loss) | -51,631,530 | 20,634,887 | 9,110,738 | 33,878,424 |
| Basic earnings (loss) per share (in dollars per share) | -0.25 | 0.1 | 0.05 | 0.17 |
| Basic weighted-average shares outstanding (in shares) | 206,688,003 | 206,522,356 | 199,314,182 | 198,177,046 |
| Diluted earnings (loss) per share (in dollars per share) | -0.25 | 0.1 | 0.05 | 0.17 |
| Diluted weighted-average shares outstanding (in shares) | 206,688,003 | 206,982,327 | 201,072,594 | 200,723,863 |
RING ENERGY, INC. (REI)
RING ENERGY, INC. (REI)