Ring Energy, Inc. financial data

Symbol
REI on NYSE
Industry
Crude Petroleum & Natural Gas
Location
1725 Hughes Landing Blvd., Suite 900, The Woodlands, TX
State of incorporation
NV
Fiscal year end
December 31
Former names
Transglobal Mining Corp. (to 5/9/2008), Blanca Corp. (to 4/25/2007)
Latest financial report
10-Q - Q3 2024 - Nov 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 50.7 % +8.76%
Quick Ratio 5.1 % -16.7%
Debt-to-equity 70.9 % -15%
Return On Equity 13.9 % +43.5%
Return On Assets 8.12 % +54.1%
Operating Margin 39.2 % -6.08%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 198M shares +1.31%
Common Stock, Shares, Outstanding 198M shares +1.44%
Entity Public Float 227M USD -19.1%
Common Stock, Value, Issued 198K USD +1.44%
Weighted Average Number of Shares Outstanding, Basic 198M shares +1.44%
Weighted Average Number of Shares Outstanding, Diluted 201M shares +2.75%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 383M USD +6.1%
General and Administrative Expense 29.8M USD +1.36%
Costs and Expenses 233M USD +10.7%
Operating Income (Loss) 150M USD -0.36%
Nonoperating Income (Expense) -11M USD +87.5%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 139M USD +120%
Income Tax Expense (Benefit) 26.5M USD
Net Income (Loss) Attributable to Parent 113M USD +64.6%
Earnings Per Share, Basic 0.57 USD/shares +78.1%
Earnings Per Share, Diluted 0.57 USD/shares +46.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 0 USD -100%
Accounts Receivable, after Allowance for Credit Loss, Current 36.4M USD -20.5%
Inventory, Net 4.63M USD -16.6%
Assets, Current 52.8M USD -9.91%
Property, Plant and Equipment, Net 1.33B USD +3.54%
Operating Lease, Right-of-Use Asset 2.06M USD -22.2%
Assets 1.4B USD +2.67%
Accounts Payable, Current 90.1M USD -18.3%
Accrued Liabilities, Current 22.1M USD -18.5%
Contract with Customer, Liability, Current 0 USD -100%
Liabilities, Current 97.6M USD -35.7%
Deferred Income Tax Liabilities, Net 5.92M USD +4071%
Operating Lease, Liability, Noncurrent 1.57M USD -28.7%
Liabilities 548M USD -12.9%
Retained Earnings (Accumulated Deficit) 52.4M USD
Stockholders' Equity Attributable to Parent 851M USD +16.1%
Liabilities and Equity 1.4B USD +2.67%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 45.2M USD +3.46%
Net Cash Provided by (Used in) Financing Activities -4.6M USD -147%
Net Cash Provided by (Used in) Investing Activities -39.5M USD +28.8%
Common Stock, Shares Authorized 450M shares 0%
Common Stock, Shares, Issued 198M shares +1.44%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1.08M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 0 USD -100%
Interest Paid, Excluding Capitalized Interest, Operating Activities 9.93M USD +7.36%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Deferred Tax Assets, Gross 104M USD +18.9%
Operating Lease, Liability 2.21M USD -18.6%
Depreciation 393K USD +3.39%
Lessee, Operating Lease, Liability, to be Paid 2.4M USD -20.4%
Property, Plant and Equipment, Gross 1.78B USD +8.76%
Operating Lease, Liability, Current 633K USD +25.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 637K USD -5.71%
Lessee, Operating Lease, Liability, to be Paid, Year One 727K USD +513%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 195K USD -36.7%
Lessee, Operating Lease, Liability, to be Paid, Year Three 460K USD -36.7%
Deferred Tax Assets, Operating Loss Carryforwards 82M USD +16.2%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 25.2M USD
Preferred Stock, Shares Authorized 50M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 251K USD -60.6%
Additional Paid in Capital 799M USD +0.65%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 138K USD -39.4%
Depreciation, Depletion and Amortization 98.7M USD +16.2%
Deferred Tax Assets, Net of Valuation Allowance 104M USD +64.2%
Deferred State and Local Income Tax Expense (Benefit) 1.15M USD -8.21%
Interest Expense 45M USD +49.3%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%