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Income Statement
RING ENERGY, INC. (REI)
source: myfinsight.com
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Natural gas liquids$2,063,220 Oil$82,778,476 Gain (loss) onderivative contracts$14,648,054 (901.05%↑ Y/Y)Oil, natural gas, andnatural gas liquids...$82,602,759 (-16.68%↓ Y/Y)Gain (loss) ondisposal of assets$155,293 (202.49%↑ Y/Y)Interest income$69,658 (-51.94%↓ Y/Y)Other income$150,770 Natural gas-$2,238,937 Net other income(expense)$3,266,371 (125.97%↑ Y/Y)Income from operations$23,475,941 (-43.86%↓ Y/Y)Interest (expense)$11,757,404 (7.41%↑ Y/Y)Total costs andoperating expenses$59,126,818 (3.15%↑ Y/Y)Income beforeprovision for income taxes$26,742,312 (-8.54%↓ Y/Y)Ad valorem taxes$1,648,647 (23.28%↑ Y/Y)Gathering, transportationand processing...$133,809 (24.32%↑ Y/Y)Lease operatingexpenses$20,245,981 (4.85%↑ Y/Y)Asset retirementobligation accretion$382,251 (8.54%↑ Y/Y)Depreciation, depletion andamortization$25,569,914 (3.52%↑ Y/Y)General andadministrative expense$7,138,519 (-7.45%↓ Y/Y)Operating lease expense$175,090 (0.00%↑ Y/Y)Oil and natural gasproduction taxes$3,832,607 (5.66%↑ Y/Y)Net income$20,634,887 (-7.96%↓ Y/Y)Provision for income taxes$6,107,425 (-10.45%↓ Y/Y)