NYSE: REI
RING ENERGY, INC.CIK 0001384195 · SIC 1311 · Crude Petroleum & Natural Gas
Small
Revenue $307M
Assets $1.3B
as of Aug 16, 2026
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8-K
Filed Aug 6, 2026
· Period ending Aug 5, 2026
Summary not yet generated.
10-Q
Filed Aug 5, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
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8-K
Filed May 22, 2026
· Period ending May 21, 2026
Red flag
Ring Energy shareholders elect all directors, approve executive pay with 21.7% opposition
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8-K
Filed May 14, 2026
· Period ending May 12, 2026
Ring Energy completes 44.4M share offering, grants underwriters option for 6.7M more
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8-K
Filed May 7, 2026
· Period ending May 6, 2026
Ring Energy reports Q1 2026 results, names Sundip Johl as Principal Financial Officer
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10-Q
Filed May 6, 2026
· Period ending Mar 31, 2026
Red flag
revenue $73.7M, net income -$220.6M. Ring Energy posts impairment on weak gas prices; extends credit facility to 2029
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8-K
Filed Mar 6, 2026
· Period ending Mar 5, 2026
Summary not yet generated.
10-K
Filed Mar 4, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Nov 6, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-Q
Filed May 7, 2025
· Period ending Mar 31, 2025
Summary not yet generated.
10-K
Filed Mar 5, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 5, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Oil, Natural Gas, and Natural Gas Liquids Revenues | 104,681,489 | 82,602,759 | 178,353,153 | 161,693,966 |
| Costs and Operating Expenses | ||||
| Lease operating expenses | 18,409,462 | 20,245,981 | 36,531,806 | 39,923,533 |
| Gathering, transportation and processing costs | 101,902 | 133,809 | 218,951 | 337,421 |
| Ad valorem taxes | 2,202,160 | 1,648,647 | 4,404,697 | 3,180,755 |
| Oil and natural gas production taxes | 5,047,619 | 3,832,607 | 8,601,510 | 7,417,062 |
| Depreciation, depletion and amortization | 20,114,890 | 25,569,914 | 41,520,838 | 48,185,897 |
| Ceiling test impairment | — | — | 162,086,257 | — |
| Asset retirement obligation accretion | 401,944 | 382,251 | 797,440 | 708,800 |
| Operating lease expense | 175,090 | 175,090 | 350,181 | 350,181 |
| General and administrative expense | 7,954,230 | 7,138,519 | 15,393,008 | 15,758,495 |
| Total Costs and Operating Expenses | 54,407,297 | 59,126,818 | 269,904,688 | 115,862,144 |
| Income (Loss) from Operations | 50,274,192 | 23,475,941 | (91,551,535) | 45,831,822 |
| Other Income (Expense) | ||||
| Interest income | 148,540 | 69,658 | 219,069 | 159,716 |
| Interest (expense) | (8,379,552) | (11,757,404) | (16,979,161) | (21,256,190) |
| Gain (loss) on derivative contracts | 23,724,426 | 14,648,054 | (58,506,499) | 13,719,264 |
| Gain (loss) on disposal of assets | 104,150 | 155,293 | 104,150 | 279,903 |
| Other income | 9,600 | 150,770 | 15,437 | 159,712 |
| Net Other Income (Expense) | 15,607,164 | 3,266,371 | (75,147,004) | (6,937,595) |
| Income (Loss) Before Benefit from (Provision for) Income Taxes | 65,881,356 | 26,742,312 | (166,698,539) | 38,894,227 |
| Benefit from (Provision for) Income Taxes | (1,088,046) | (6,107,425) | 10,900,367 | (9,148,602) |
| Net Income (Loss) | 64,793,310 | 20,634,887 | (155,798,172) | 29,745,625 |
| Basic Earnings (Loss) per Share | 0.28 | 0.10 | (0.70) | 0.15 |
| Diluted Earnings (Loss) per Share | 0.27 | 0.10 | (0.70) | 0.15 |
Condensed Balance Sheets (Unaudited)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | 1,137,410 | 902,913 |
| Accounts receivable | 43,460,514 | 30,938,908 |
| Joint interest billing receivables, net | 1,083,368 | 1,623,991 |
| Derivative assets | 6,335,601 | 21,468,134 |
| Inventory | 5,626,261 | 5,312,715 |
| Prepaid expenses and other assets | 3,195,806 | 1,822,751 |
| Total Current Assets | 60,838,960 | 62,069,412 |
| Properties and Equipment | ||
| Oil and natural gas properties, full cost method | 1,804,582,372 | 1,891,510,431 |
| Financing lease asset subject to depreciation | 3,687,531 | 3,633,586 |
| Fixed assets subject to depreciation | 3,389,403 | 3,504,788 |
| Total Properties and Equipment | 1,811,659,306 | 1,898,648,805 |
| Accumulated depreciation, depletion and amortization | (610,047,201) | (569,180,901) |
| Net Properties and Equipment | 1,201,612,105 | 1,329,467,904 |
| Operating lease asset | 963,396 | 1,285,159 |
| Derivative assets | 10,154,821 | 9,739,430 |
| Deferred financing costs | 7,987,814 | 9,337,344 |
| Total Assets | 1,281,557,096 | 1,411,899,249 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Accounts payable | 98,068,202 | 90,258,731 |
| Income tax liability | 514,966 | 356,436 |
| Financing lease liability | 693,432 | 730,564 |
| Operating lease liability | 491,796 | 586,614 |
| Derivative liabilities | 11,373,096 | 841,193 |
| Notes payable | 1,496,304 | 505,752 |
| Asset retirement obligations | 291,844 | 418,526 |
| Total Current Liabilities | 112,929,640 | 93,697,816 |
| Non-current Liabilities | ||
| Deferred income taxes | 11,243,098 | 22,298,701 |
| Revolving line of credit | 360,000,000 | 420,000,000 |
| Financing lease liability, less current portion | 533,212 | 593,146 |
| Operating lease liability, less current portion | 569,328 | 819,223 |
| Derivative liabilities | 12,035,055 | 2,512,692 |
| Asset retirement obligations | 30,823,001 | 29,972,429 |
| Total Liabilities | 528,133,334 | 569,894,007 |
| Commitments and contingencies (See Note 12) | ||
| Stockholders' Equity | ||
| Preferred stock $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding | — | — |
| Common stock $0.001 par value; 450,000,000 shares authorized; 260,520,291 shares and 207,656,929 shares issued and outstanding, respectively | 260,520 | 207,657 |
| Additional paid-in capital | 879,941,415 | 812,777,586 |
| Retained earnings (Accumulated deficit) | (126,778,173) | 29,019,999 |
| Total Stockholders’ Equity | 753,423,762 | 842,005,242 |
| Total Liabilities and Stockholders' Equity | 1,281,557,096 | 1,411,899,249 |
Condensed Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flows From Operating Activities | ||
| Net income (loss) | (155,798,172) | 29,745,625 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation, depletion and amortization | 41,520,838 | 48,185,897 |
| Ceiling test impairment | 162,086,257 | — |
| Asset retirement obligation accretion | 797,440 | 708,800 |
| Amortization of deferred financing costs | 1,384,990 | 3,074,667 |
| Share-based compensation | 3,674,404 | 3,042,797 |
| Credit loss expense | 92,432 | 18,122 |
| (Gain) loss on disposal of assets | (104,150) | (279,903) |
| Deferred income tax expense (benefit) | (11,216,495) | 8,755,985 |
| Excess tax expense (benefit) related to share-based compensation | 160,892 | 108,763 |
| (Gain) loss on derivative contracts | 58,506,499 | (13,719,264) |
| Cash received (paid) for derivative settlements, net | (23,735,091) | 124,249 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (12,073,415) | (2,373,460) |
| Inventory | (313,546) | (1,336,734) |
| Prepaid expenses and other assets | (1,373,055) | (935,483) |
| Accounts payable | 3,717,851 | (12,880,531) |
| Settlement of asset retirement obligation | (643,685) | (571,271) |
| Net Cash Provided by Operating Activities | 66,683,994 | 61,668,259 |
| Cash Flows From Investing Activities | ||
| Payments for Lime Rock Acquisition | — | (70,859,769) |
| Payments to purchase oil and natural gas properties | (4,393,338) | (797,289) |
| Payments to develop oil and natural gas properties | (72,435,456) | (49,256,881) |
| Payments to acquire or improve fixed assets subject to depreciation | — | (169,661) |
| Proceeds from sale of fixed assets subject to depreciation | 100,832 | 17,360 |
| Proceeds from divestiture of oil and natural gas properties | 4,868,950 | — |
| Insurance proceeds received for damage to oil and natural gas properties | — | 99,913 |
| Net Cash Used in Investing Activities | (71,859,012) | (120,966,327) |
| Cash Flows From Financing Activities | ||
| Proceeds from revolving line of credit | 103,000,000 | 170,322,997 |
| Payments on revolving line of credit | (163,000,000) | (107,322,997) |
| Proceeds from issuance of common stock | 64,780,500 | — |
| Payments for taxes withheld on vested restricted shares, net | (965) | (953,446) |
| Proceeds from notes payable | 1,657,810 | 1,648,539 |
| Payments on notes payable | (667,258) | (656,517) |
| Payment of deferred financing costs | (35,460) | (5,381,602) |
| Reduction of financing lease liabilities | (325,112) | (225,301) |
| Net Cash Provided by (Used in) Financing Activities | 5,409,515 | 57,431,673 |
| Net Increase (Decrease) in Cash | 234,497 | (1,866,395) |
| Cash at Beginning of Period | 902,913 | 1,866,395 |
| Cash at End of Period | 1,137,410 | — |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗