REI
Income statement / Annual
Last year (2023), Ring Energy, Inc.'s total revenue was $361.06 M,
an increase of 3.98% from the previous year.
In 2023, Ring Energy, Inc.'s net income was $104.86 M.
See Ring Energy, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$361.06 M
|
$347.25 M
|
$196.31 M
|
$113.03 M
|
$195.70 M
|
$120.07 M
|
$66.70 M
|
$30.85 M
|
$31.01 M
|
$38.09 M
|
| Cost of Revenue |
$115.39 M |
$127.06 M |
$83.74 M |
$86.40 M |
$114.76 M |
$72.46 M |
$39.65 M |
$22.86 M |
$26.60 M |
$18.56 M |
| Gross Profit |
$245.67 M |
$220.19 M |
$112.57 M |
$26.62 M |
$80.95 M |
$47.61 M |
$27.05 M |
$7.99 M |
$4.41 M |
$19.53 M |
| Gross Profit Ratio |
0.68 |
0.63 |
0.57 |
0.24 |
0.41 |
0.4 |
0.41 |
0.26 |
0.14 |
0.51 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$29.19 M
|
$27.46 M
|
$16.07 M
|
$16.87 M
|
$19.87 M
|
$12.87 M
|
$10.52 M
|
$8.03 M
|
$8.00 M
|
$6.80 M
|
| Selling & Marketing
Expenses |
$541,801.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$99.89 M
|
$27.46 M
|
$16.07 M
|
$16.87 M
|
$19.87 M
|
$12.87 M
|
$10.52 M
|
$8.03 M
|
$8.00 M
|
$6.80 M
|
| Other Expenses |
$185.09 M |
$983,432.00 |
$744,045.00 |
$906,616.00 |
$943,707.00 |
$606,459.00 |
$567,968.00 |
$487,182.00 |
$418,384.00 |
$154,973.00 |
| Operating Expenses |
$214.28 M |
$28.44 M |
$16.81 M |
$17.78 M |
$20.81 M |
$13.47 M |
$11.08 M |
$8.51 M |
$8.41 M |
$6.96 M |
| Cost And Expenses |
$215.28 M |
$155.51 M |
$100.55 M |
$104.18 M |
$135.57 M |
$85.93 M |
$50.73 M |
$31.37 M |
$35.02 M |
$25.52 M |
| Interest Income |
$257,155.00 |
$4.00 |
$1.00 |
$8.00 |
$13,511.00 |
$97,855.00 |
$291,083.00 |
$56,498.00 |
$6,984.00 |
$85,964.00 |
| Interest Expense |
$43.93 M |
$23.17 M |
$14.49 M |
$17.62 M |
$13.87 M |
$427,898.00 |
$291,083.00 |
$649,009.00 |
$749,134.00 |
$85,964.00 |
| Depreciation &
Amortization |
$90.04 M
|
$56.72 M
|
$37.91 M
|
$43.92 M
|
$57.15 M
|
$39.63 M
|
$21.09 M
|
$11.97 M
|
$15.18 M
|
$11.81 M
|
| EBITDA |
$238.95 M
|
$226.94 M
|
$55.82 M
|
-$197.88 M
|
$114.30 M
|
$52.50 M
|
$32.96 M
|
-$45.01 M
|
$2.29 M
|
$24.53 M
|
| EBITDA Ratio |
0.66 |
0.71 |
0.68 |
0.46 |
0.59 |
0.61 |
0.55 |
0.36 |
0.36 |
0.64 |
| Operating Income Ratio
|
0.4
|
0.55
|
0.49
|
0.08
|
0.31
|
0.17
|
0.24
|
-1.85
|
-0.43
|
0.33
|
| Total Other
Income/Expenses Net |
-$40.79 M
|
-$44.70 M
|
-$92.34 M
|
$9.25 M
|
-$16.85 M
|
-$7.52 M
|
-$3.80 M
|
-$592,511.00
|
-$742,150.00
|
$85,964.00
|
| Income Before Tax |
$104.99 M |
$147.04 M |
$3.41 M |
-$259.41 M |
$43.28 M |
$12.45 M |
$12.17 M |
-$57.63 M |
-$14.06 M |
$12.66 M |
| Income Before Tax Ratio
|
0.29
|
0.42
|
0.02
|
-2.3
|
0.22
|
0.1
|
0.18
|
-1.87
|
-0.45
|
0.33
|
| Income Tax Expense |
$125,241.00 |
$8.41 M |
$90,342.00 |
-$6.00 M |
$13.79 M |
$3.45 M |
$10.42 M |
-$19.99 M |
-$5.00 M |
$4.24 M |
| Net Income |
$104.86 M |
$138.64 M |
$3.32 M |
-$253.41 M |
$29.50 M |
$9.00 M |
$1.75 M |
-$37.64 M |
-$9.05 M |
$8.42 M |
| Net Income Ratio |
0.29 |
0.4 |
0.02 |
-2.24 |
0.15 |
0.07 |
0.03 |
-1.22 |
-0.29 |
0.22 |
| EPS |
0.55 |
1.14 |
0.0334 |
-3.48 |
0.44 |
0.15 |
0.03 |
-0.97 |
-0.32 |
0.34 |
| EPS Diluted |
0.54 |
0.98 |
0.0274 |
-3.48 |
0.44 |
0.15 |
0.03 |
-0.97 |
-0.32 |
0.33 |
| Weighted Average Shares
Out |
$190.59 M
|
$121.26 M
|
$99.39 M
|
$72.89 M
|
$66.57 M
|
$59.53 M
|
$51.38 M
|
$38.71 M
|
$28.18 M
|
$24.74 M
|
| Weighted Average Shares
Out Diluted |
$195.36 M
|
$141.75 M
|
$121.19 M
|
$72.89 M
|
$66.76 M
|
$60.85 M
|
$52.81 M
|
$38.71 M
|
$28.18 M
|
$25.89 M
|
| Link |
|
|
|
|
|
|
|
|
|
|
