Saturday 17 October 2026 Export REI’s income statement to Excel — free account

Ring Energy, Inc.

Ring Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $307.2 million, down 16.1% from fiscal 2024. In the quarter to June 2026, revenue grew 26.7%, EPS grew 180.0%, free cash flow fell 104.4% and total debt fell 19.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

1.37 0.06 +4.58%

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Market cap: $341.3M
P/E: 0.0×
Fwd P/E: −1.4×
Dividend yield: —
F-score: 3/9
Altman Z: 0.31
Beneish M: −2.68
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.34

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	2	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 341.30

Revenue 323.84

Net Income (220.27)

Free Cash Flow 31.45

Net Debt 359.40

Current Ratio 0.54

Debt/Equity 0.48

P/E ratio 0.00

Fwd P/E (1.38)

P/S ratio 0.99

P/B ratio 0.43

Past 5Y EPS Growth —

This Y EPS Growth 36.84%

Next Y EPS Growth (6.73%)

Next Y revenue growth 16.22%

Next 5Y EPS Growth 13.80%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 43.57%

10-year low 10-year high

P/B against its own 10 years 37.08%

10-year low 10-year high

EV/Sales against its own 10 years 27.87%

10-year low 10-year high

EV/FCF against its own 10 years 88.25%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	0	2	1	1
Receivables	41	43	54	45
Inventory	6	4	5	6
Other	6	5	—	6
	56	50	62	61

	2023	2024	2025	Q'26
Payables	104	96	98	98
ST’ Debt	—	—	—	—
Other	8	7	1	12
	114	105	101	113

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	74	105	—	—	—
’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	—	—	—
’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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.06)	0.27	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	4.00	9.22	4.01	1.23	0.43	0.63	2.15	1.37	1.21	0.72	Analyst estimates 2026–2028 Powerpack
	High	13.54	15.13	17.35	6.60	3.31	4.16	5.09	2.54	2.20	1.55
People
People	Employees	30	37	42	58	41	53	98	108	115	111
	Revenue/emp, $m	1.03	1.80	2.86	3.37	2.76	3.70	3.54	3.34	3.19	2.77
Income, $m
Income, $m	Revenue	31	67	120	196	113	196	347	361	366	307
	Gross margin, %	63.14	71.32	72.15	73.76	69.05	79.91	81.33	75.55	74.22	69.51
	EBT	(58)	12	12	43	(259)	3	147	105	88	(42)
	EBT margin, %	(186.79)	18.25	10.37	22.12	(229.52)	1.74	42.35	29.08	24.00	(13.73)
	Net income	(38)	2	9	29	(253)	3	139	105	67	(35)
	Depreciation	12	21	40	57	44	38	58	94	104	101
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
	Earnings	(0.97)	0.03	0.15	0.44	(3.48)	0.03	1.14	0.55	0.34	(0.17)
	Cash flow	0.29	0.83	1.18	1.60	0.99	0.73	1.62	1.04	0.98	0.74
	Capex	(0.95)	(2.99)	(3.42)	(2.34)	(0.60)	(0.54)	(1.08)	(0.75)	(0.76)	(0.48)
	Free cash flow	(0.66)	(2.16)	(2.24)	(0.73)	0.39	0.20	0.54	0.29	0.22	0.26
	Book value	7.51	6.94	7.77	7.86	4.04	3.02	5.45	4.13	4.34	4.08
	Shares, m	39	51	60	67	73	99	121	191	198	205
Valuation, ×
Valuation, ×	P/E	0.00	291.00	33.87	5.65	0.00	76.00	1.86	2.64	4.00	0.00
	P/S	16.41	11.21	2.52	0.90	0.43	1.15	0.78	0.77	0.73	0.58
	P/B	1.74	2.10	0.65	0.34	0.16	0.75	0.41	0.35	0.31	0.21
	EV/Sales	15.76	11.75	2.82	2.72	3.16	2.62	1.97	1.94	1.78	1.95
	EV/FCF	(19.03)	(7.07)	(2.54)	(10.89)	12.63	26.40	10.36	12.81	15.03	11.29
Cash, $m
Cash, $m	Operating cash flow	11	43	70	107	72	73	197	198	194	151
	Capex	(37)	(154)	(203)	(156)	(44)	(53)	(131)	(143)	(151)	(98)
	Free cash flow	(26)	(111)	(133)	(49)	28	19	66	55	43	53
Balance, $m
Balance, $m	Working capital	66	(19)	(35)	(20)	(16)	(47)	(79)	(58)	(55)	(39)
	Total debt	—	—	40	367	313	290	416	426	386	421
	Net debt	(71)	(15)	36	357	310	288	412	426	384	420
	Shareholders’ equity	291	357	463	524	295	301	661	787	859	836
Returns, %
Returns, %	ROA	(13.48)	0.49	1.83	3.83	(30.97)	0.49	14.20	7.93	4.85	(2.46)
	ROIC	(16.24)	2.92	2.50	4.27	(27.79)	10.17	11.16	7.52	6.69	(1.71)
	ROE	(15.79)	0.54	2.20	5.98	(61.94)	1.12	28.83	14.49	8.20	(4.10)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	$632.2M	— (loss-making)	61.0×	+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.	$552.5M	— (loss-making)	— (loss-making)	+32.89% (above 0%: growing)	n/m	+43.56% (above 0%: growing)	51.96%	13.92%	Compare
SD SandRidge Energy, Inc.	$515.7M	6.3×	2.6×	+48.03% (above 0%: growing)	+35.85% (above 0%: growing)	+288.62% (above 0%: growing)	73.57%	50.78%	Compare
REI Ring Energy, Inc.	$341.3M	— (loss-making)	— (loss-making)	+26.73% (above 0%: growing)	+180.00% (above 0%: growing)	−104.38% (below 0%: shrinking)	77.59%	48.03%
PNRG PrimeEnergy Corporation	$322.7M	13.6×	41.3×	+1.17% (above 0%: growing)	+109.28% (above 0%: growing)	+748.21% (above 0%: growing)	68.04%	18.87%	Compare
FTW Presidio Production Company	$315.9M	—	—	—	—	—	—	—	Compare
KGEI Kolibri Global Energy Inc.	$238.0M	12.9×	—	+102.85% (above 0%: growing)	+200.00% (above 0%: growing)	+35.23% (above 0%: growing)	85.02%	51.30%	Compare
SJT San Juan Basin Royalty Trust	$200.0M	— (loss-making)	16.8×	−93.33% (below 0%: shrinking)	n/m	—	100.00%	(97,000.00%)	Compare
AMPY Amplify Energy Corp.	$180.3M	9.8×	— (loss-making)	−22.93% (below 0%: shrinking)	+166.67% (above 0%: growing)	−738.77% (below 0%: shrinking)	56.96%	44.12%	Compare
Median of peers	$319.3M	11.4×	29.0×	+32.89%	+166.67%	+39.40%	73.57%	32.25%

All 73 Oil & Gas E&P stocks →

Ring Energy, Inc. (REI) key facts

Concern: Ring Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $307.2 million, down 16.1% from fiscal 2024.
Ring Energy, Inc. (REI) is an Oil & Gas E&P company in the Energy sector, listed on NYSE American.
As of October 16, 2026, REI traded at $1.37, a market capitalization of $341.3 million.
Return on equity was −4.10% and debt-to-equity 0.48.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.31 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.