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Ring Energy, Inc.

REI Energy Oil & Gas E&P

Ring Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $307.2 million, down 16.1% from fiscal 2024.

Revenue
+30.2%
EPS
+76.0%
Free cash flow
+176.8%
Total debt
−18.2%

Quarter to September 2026, against a year earlier

1.13 0.07 −5.83%
Market cap
$291.8M
P/E
0.0×
Fwd P/E
−3.0×
Dividend yield
—
F-score
3/9
Altman Z
0.31
Beneish M
−2.68
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — 2 — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 8.84%

Capital & Financial Ratios $m

Size
Market Cap 291.81
Revenue ttm 347.58
Net income ttm (185.24)
Free cash flow ttm 174.42
Net debt Q 348.99
Valuation
P/E 0.00
Forward P/E (2.98) (negative: loss-making)
Price / sales 0.85
Forward P/S Powerpack
Price / FCF 5.89
Price / book 0.40
Financial health
Current ratio Q 0.41 (below 1: weak)
Debt / equity Q 0.47 (at or below 0.5: strong)
Interest coverage Q 5.92
Growth
Revenue growth Q +30.21% (above 0%: growing)
Operating income growth Q +182.76% (above 0%: growing)
EPS, this year +45.61% (at or above 15%: strong)
EPS, next year A +1.20%
Revenue, next year A +16.22% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +13.80%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 2.8×; over the ten years it ranged from 1.7× in 2025 to 20.9× in 2016.
P/S against its own 10 years 31.43%
10-year low 10-year high
P/B against its own 10 years 32.78%
10-year low 10-year high
EV/Sales against its own 10 years 7.88%
10-year low 10-year high
EV/FCF against its own 10 years 26.55%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 0 2 1 1
Receivables 41 43 54 —
Inventory 6 4 5 6
Other 6 5 — —
56 50 62 68
2023 2024 2025 Q'26
Payables 104 96 98 117
ST’ Debt — — — —
Other 8 7 1 44
114 105 101 164

Compound Annual Growth %

10y 5y 3y
Sales 25.77% 22.14% (4.00%)
Cash Flow 31.99% 15.89% (8.51%)
Earnings 0.00% 0.00% 0.00%
Book Value 16.21% 23.19% 8.15%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.04 Actual 0.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.05 0.06 Beat by 0.01
Q4 FY25 0.01 0.02 Beat by 0.01
Q1 FY26 0.03 0.04 Beat by 0.01
Q2 FY26 0.04 0.10 Beat by 0.06
Q3 FY26 0.03 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (1.06) 0.27 (0.06) — —
’25 0.05 0.10 (0.25) (0.06) (0.17)
’24 0.03 0.11 0.17 0.03 0.34
’23 0.17 0.15 (0.04) 0.26 0.54
’22 0.06 0.32 0.49 0.08 0.98
’21 (0.19) (0.16) 0.12 0.20 0.03
’20 0.64 (1.99) (0.03) (1.83) (3.48)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 74 105 102 — —
’25 79 83 79 67 307
’24 95 99 89 83 366
’23 88 79 94 100 361
’22 68 85 94 100 347
’21 40 48 49 60 196
’20 40 11 31 31 113
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 26 41 63 — —
’25 28 33 44 45 151
’24 45 51 51 47 194
’23 44 43 55 56 198
’22 24 41 68 64 197
’21 16 16 18 23 73
’20 28 3 15 27 72
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (9) (1) 63 — —
’25 (3) 15 23 19 53
’24 6 14 15 9 43
’23 7 15 18 15 55
’22 10 5 34 18 66
’21 4 5 5 6 19
’20 3 (4) 11 18 28
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 31 67 120 196 113 196 347 361 366 307 348 +29.1% 357 353 361 +5.5%
Gross margin, % 63.14 71.32 72.15 73.76 69.05 79.91 81.33 75.55 74.22 69.51 0.00 +6.4 pt
EBT (58) 12 12 43 (259) 3 147 105 88 (42) (199) (3.4%)
EBT margin, % (186.79) 18.25 10.37 22.12 (229.52) 1.74 42.35 29.08 24.00 (13.73) (57.13) +173.1 pt
Net income (38) 2 9 29 (253) 3 139 105 67 (35) (185) (0.9%)
Per share, $
Per share, $ Revenue 0.80 1.30 2.02 2.94 1.55 1.98 2.86 1.89 1.85 1.50 1.33 +7.3%
Earnings (0.97) 0.03 0.15 0.44 (3.48) 0.03 1.14 0.55 0.34 (0.17) (0.90) (17.6%)
Cash flow 0.29 0.83 1.18 1.60 0.99 0.73 1.62 1.04 0.98 0.74 0.67 +10.9%
Capex (0.95) (2.99) (3.42) (2.34) (0.60) (0.54) (1.08) (0.75) (0.76) (0.48) 0.00 (7.4%)
Free cash flow (0.66) (2.16) (2.24) (0.73) 0.39 0.20 0.54 0.29 0.22 0.26 0.67 n/m
Book value 7.51 6.94 7.77 7.86 4.04 3.02 5.45 4.13 4.34 4.08 2.84 (6.5%)
Shares, m 39 51 60 67 73 99 121 191 198 205 227 +20.3%
Valuation, ×
Valuation, × P/E 0.00 291.00 33.87 5.65 0.00 76.00 1.86 2.64 4.00 0.00 0.00 41.5
P/S 16.41 11.21 2.52 0.90 0.43 1.15 0.78 0.77 0.73 0.58 0.85 3.5
P/B 1.74 2.10 0.65 0.34 0.16 0.75 0.41 0.35 0.31 0.21 0.40 0.7
EV/Sales 15.76 11.75 2.82 2.72 3.16 2.62 1.97 1.94 1.78 1.95 1.85 4.6
EV/FCF (19.03) (7.07) (2.54) (10.89) 12.63 26.40 10.36 12.81 15.03 11.29 12.87 4.9
Cash, $m
Cash, $m Operating cash flow 11 43 70 107 72 73 197 198 194 151 174 +33.5%
Capex (37) (154) (203) (156) (44) (53) (131) (143) (151) (98) (124) +11.5%
Free cash flow (26) (111) (133) (49) 28 19 66 55 43 53 174 n/m
Balance, $m
Balance, $m Working capital 66 (19) (35) (20) (16) (47) (79) (58) (55) (39) (96) n/m
Net debt (71) (15) 36 357 310 288 412 426 384 420 349 n/m
Shareholders’ equity 291 357 463 524 295 301 661 787 859 836 739 +12.5%
Returns, %
Returns, % ROA (13.48) 0.49 1.83 3.83 (30.97) 0.49 14.20 7.93 4.85 (2.46) (13.46) +11.0 pt
ROIC (16.24) 2.92 2.50 4.27 (27.79) 10.17 11.16 7.52 6.69 (1.71) (4.09) +14.5 pt
ROE (15.79) 0.54 2.20 5.98 (61.94) 1.12 28.83 14.49 8.20 (4.10) (23.35) +11.7 pt
People
People Employees 30 37 42 58 41 53 98 108 115 111 — +15.6%
Revenue/emp, $m 1.03 1.80 2.86 3.37 2.76 3.70 3.54 3.34 3.19 2.77 — +11.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Ring Energy, Inc. vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EGY Vaalco Energy Inc $565.9M — (loss-making) 42.9× +39.50% (above 0%: growing) +387.50% (above 0%: growing) −8.36% (below 0%: shrinking) 100.00% 32.25% Compare
WTI W&T Offshore, Inc. $483.3M — (loss-making) — (loss-making) +31.03% (above 0%: growing) n/m +500.93% (above 0%: growing) 48.50% 7.08% Compare
SD SandRidge Energy, Inc. $467.9M 4.8× 2.6× +36.65% (above 0%: growing) +88.64% (above 0%: growing) −1,487.73% (below 0%: shrinking) 73.64% 28.91% Compare
FTW Presidio Production Company $312.2M — — — — — — — Compare
REI Ring Energy, Inc. $291.8M — (loss-making) — (loss-making) +30.21% (above 0%: growing) n/m +176.82% (above 0%: growing) 0.00% 44.48%
PNRG PrimeEnergy Corporation $286.2M 12.1× 41.3× +1.17% (above 0%: growing) +109.28% (above 0%: growing) +748.21% (above 0%: growing) 68.04% 18.87% Compare
KGEI Kolibri Global Energy Inc. $194.1M 10.1× — +102.85% (above 0%: growing) +200.00% (above 0%: growing) +35.23% (above 0%: growing) 85.02% 51.30% Compare
PED Pedevco Corp. $192.2M — (loss-making) — (loss-making) +561.40% (above 0%: growing) n/m +835.64% (above 0%: growing) 100.00% 33.31% Compare
EPSN Epsilon Energy Ltd. $158.1M — (loss-making) 17.8× +57.09% (above 0%: growing) +242.86% (above 0%: growing) +123.78% (above 0%: growing) 97.22% 45.88% Compare
Median of peers $299.2M 10.1× 29.5× +39.50% +200.00% +123.78% 85.02% 32.25%

All 74 Oil & Gas E&P stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.88m 1.34m 131.84

Ownership

Directors and executive officers, together 3.50%
William R. Kruse 7.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Ring Energy, Inc. (REI) Latest News

26 Sep

Impact 4 · · MarketBeat

20 Aug

Impact 4 · · MarketBeat

13 Aug

Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 4 ·
Impact 3 · · Moby

5 Aug

Impact 4 ·

2 Jul

Impact 3 ·

29 Jun

Impact 3 ·

12 May

Impact 4 · · GlobeNewswire
Impact 4 · · GlobeNewswire

7 May

Impact 3 · · Moby

6 May

Impact 4 · · Zacks
Impact 3 · · GlobeNewswire

4 May

Impact 4 · · Zacks

6 Mar

Impact 4 · · MarketBeat

5 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · Simply Wall St.
Impact 3 · · Moby

4 Mar

Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire

3 Feb

Impact 3 · · GlobeNewswire

19 Dec

Impact 3 · · Insider Monkey

16 Dec

Impact 3 · · GlobeNewswire

6 Nov

Impact 4 · · Zacks
Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press FinanceSimply Wall St.Associated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance

5 Nov

Impact 3 · · Zacks

8 Oct

Impact 4 · · Simply Wall St.

7 Oct

Impact 4 · · Insider MonkeyZacksMT NewswiresInsider MonkeyMT NewswiresMT NewswiresInsider MonkeyInsider Monkey
stockrow.com/REI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com