Ring Energy, Inc. financial data

Symbol
REI on NYSE
Industry
Crude Petroleum & Natural Gas
Location
1725 Hughes Landing Blvd., Suite 900, The Woodlands, Texas
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
Q1 2024 - May 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 47.1 % -4.15%
Quick Ratio 5.15 %
Debt-to-equity 77.2 % -21.4%
Return On Equity 10.2 % -65.5%
Return On Assets 5.75 % -60.2%
Operating Margin 40.2 % -22%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 198 M shares +9.58%
Common Stock, Shares, Outstanding 198 M shares +9.58%
Entity Public Float 227 M USD -19.1%
Common Stock, Value, Issued 198 K USD +9.58%
Weighted Average Number of Shares Outstanding, Basic 197 M shares +10.9%
Weighted Average Number of Shares Outstanding, Diluted 199 M shares +4.82%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 367 M USD +0.09%
General and Administrative Expense 29.5 M USD +2.87%
Costs and Expenses 220 M USD +23.5%
Operating Income (Loss) 148 M USD -21.9%
Nonoperating Income (Expense) -70.3 M USD -381%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 77.5 M USD -55.6%
Income Tax Expense (Benefit) -176 K USD -102%
Net Income (Loss) Attributable to Parent 77.7 M USD -52.7%
Earnings Per Share, Basic 0.4 USD/shares -68%
Earnings Per Share, Diluted 0.4 USD/shares -63.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.38 M USD -20.3%
Accounts Receivable, after Allowance for Credit Loss, Current 44.4 M USD +17.9%
Inventory, Net 5.97 M USD -32.3%
Assets, Current 58.7 M USD +0.35%
Property, Plant and Equipment, Net 1.31 B USD +9.08%
Operating Lease, Right-of-Use Asset 2.35 M USD +43.3%
Assets 1.38 B USD +8.06%
Accounts Payable, Current 99.1 M USD -0.88%
Accrued Liabilities, Current 22.1 M USD -18.5%
Contract with Customer, Liability, Current 0 USD -100%
Liabilities, Current 118 M USD +7.27%
Deferred Income Tax Liabilities, Net 5.92 M USD +4071%
Operating Lease, Liability, Noncurrent 1.9 M USD +38.5%
Liabilities 592 M USD +1.63%
Retained Earnings (Accumulated Deficit) -3.93 M USD +95.2%
Stockholders' Equity Attributable to Parent 793 M USD +13.4%
Liabilities and Equity 1.38 B USD +8.06%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 45.2 M USD +3.46%
Net Cash Provided by (Used in) Financing Activities -4.6 M USD -147%
Net Cash Provided by (Used in) Investing Activities -39.5 M USD +28.8%
Common Stock, Shares Authorized 450 M shares +100%
Common Stock, Shares, Issued 198 M shares +9.58%
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 1.08 M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.38 M USD -20.3%
Interest Paid, Excluding Capitalized Interest, Operating Activities 9.93 M USD +7.36%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Deferred Tax Assets, Gross 104 M USD +18.9%
Operating Lease, Liability 2.51 M USD +41.4%
Depreciation 361 K USD +33.3%
Lessee, Operating Lease, Liability, to be Paid 2.76 M USD +41.6%
Property, Plant and Equipment, Gross 1.71 B USD +13.2%
Operating Lease, Liability, Current 612 K USD +51.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 637 K USD +32%
Lessee, Operating Lease, Liability, to be Paid, Year One 727 K USD +104%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 249 K USD +44.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 460 K USD -6.91%
Deferred Tax Assets, Operating Loss Carryforwards 82 M USD +16.2%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -879 K USD -111%
Preferred Stock, Shares Authorized 50 M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 251 K USD -37%
Additional Paid in Capital 797 M USD +2.06%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 118 K USD +164%
Depreciation, Depletion and Amortization 91.1 M USD +35.5%
Deferred Tax Assets, Net of Valuation Allowance 104 M USD +64.2%
Deferred State and Local Income Tax Expense (Benefit) 586 K USD -75.1%
Interest Expense 45 M USD +49.3%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%