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
Nevada
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 - Q2 2024 - Aug 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 46.3 % -8.17%
Quick Ratio 4.73 %
Debt-to-equity 76.2 % -15.2%
Return On Equity 9.11 % -60.7%
Return On Assets 5.17 % -56.5%
Operating Margin 41.3 % -9.37%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 198M shares +1.44%
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 +2.54%
Weighted Average Number of Shares Outstanding, Diluted 200M shares +2.33%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 387M USD +7.12%
General and Administrative Expense 30.4M USD +2.53%
Costs and Expenses 227M USD +15.5%
Operating Income (Loss) 160M USD -2.92%
Nonoperating Income (Expense) -75.6M USD -581%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 84.3M USD -45.1%
Income Tax Expense (Benefit) 13M USD +414%
Net Income (Loss) Attributable to Parent 71.3M USD -52.8%
Earnings Per Share, Basic 0.36 USD/shares -64.4%
Earnings Per Share, Diluted 0.36 USD/shares -60.9%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.18M USD -32.6%
Accounts Receivable, after Allowance for Credit Loss, Current 41.6M USD +29.8%
Inventory, Net 5.78M USD -21.2%
Assets, Current 56.2M USD +2.03%
Property, Plant and Equipment, Net 1.32B USD +9.87%
Operating Lease, Right-of-Use Asset 2.21M USD +35.4%
Assets 1.39B USD +8.4%
Accounts Payable, Current 90M USD -0.01%
Accrued Liabilities, Current 22.1M USD -18.5%
Contract with Customer, Liability, Current 0 USD -100%
Liabilities, Current 111M USD +10.4%
Deferred Income Tax Liabilities, Net 5.92M USD +4071%
Operating Lease, Liability, Noncurrent 1.74M USD +37.4%
Liabilities 572M USD +5.37%
Retained Earnings (Accumulated Deficit) 18.5M USD
Stockholders' Equity Attributable to Parent 817M USD +10.6%
Liabilities and Equity 1.39B USD +8.4%

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 1.18M USD -32.6%
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 2.36M USD +42.2%
Depreciation 372K USD +5.17%
Lessee, Operating Lease, Liability, to be Paid 2.58M USD +42.4%
Property, Plant and Equipment, Gross 1.74B USD +13.9%
Operating Lease, Liability, Current 623K USD +57.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two 637K USD +32%
Lessee, Operating Lease, Liability, to be Paid, Year One 727K USD +230%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 221K USD +44.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 460K USD -6.91%
Deferred Tax Assets, Operating Loss Carryforwards 82M USD +16.2%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 12.2M USD +3805%
Preferred Stock, Shares Authorized 50M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 251K USD -37%
Additional Paid in Capital 799M USD +0.92%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 229K USD +132%
Depreciation, Depletion and Amortization 95M USD +23%
Deferred Tax Assets, Net of Valuation Allowance 104M USD +64.2%
Deferred State and Local Income Tax Expense (Benefit) 583K USD -72.5%
Interest Expense 45M USD +49.3%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%