Ring Energy (REI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the REI SEC filings page.
Ring Energy (REI) reported $323.8M in revenue over the twelve months to Jun 30, 2026, down 3.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Capital-intensive production is absorbing a sharp earnings reversal while operating cash flow remains positive and leverage stays moderate.
The FY2025 loss did not translate into negative operating cash flow: net income was-$34.7M while operating cash flow was$150.8M . That gap is consistent with the business’s$96.4M depreciation charge and other noncash or working-capital effects, making accounting earnings a poor standalone measure of current cash generation.
Operating profitability reversed sharply, moving from
Despite the earnings reversal, balance-sheet leverage remained contained: total assets were
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ring Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ring Energy has an operating margin of -11.2%, meaning the company loses $11 on every $100 of revenue. This results in a profitability score of 53/100. This is down from 36.3% the prior year.
Ring Energy's revenue declined 16.1% year-over-year, from $366.3M to $307.2M. This contraction results in a growth score of 21/100.
Ring Energy has a moderate D/E ratio of 0.68. This balance of debt and equity financing earns a leverage score of 57/100.
Ring Energy's current ratio of 0.66 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for Ring Energy, and counted as zero in the overall score.
Ring Energy posts a -4.1% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 37/100. This is down from 7.8% the prior year.
Ring Energy scores 0.55, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($390.8M) relative to total liabilities ($569.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Ring Energy passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Ring Energy reported a net loss of $34.7M while generating $150.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Ring Energy reported an operating loss of $34.3M against $40.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Ring Energy generated $104.7M in revenue in Q2 2026. This represents an increase of 26.7% from the same quarter a year earlier. Against the prior quarter it is up 42.1%.
Ring Energy's EBITDA was $70.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 43.5% from the same quarter a year earlier. Against the prior quarter it is up 158.5%.
Ring Energy reported $64.8M in net income in Q2 2026. This represents an increase of 214.0% from the same quarter a year earlier. Against the prior quarter it is up 129.4%.
Ring Energy earned $0.27 per diluted share (EPS) in Q2 2026. This represents an increase of 170.0% from the same quarter a year earlier. Against the prior quarter it is up 125.5%.
Cash & Balance Sheet
Ring Energy held $1.1M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Ring Energy's operating margin was 48.0% in Q2 2026, reflecting core business profitability. This is up 19.6 percentage points from the same quarter a year earlier.
Ring Energy's net profit margin was 61.9% in Q2 2026, showing the share of revenue converted to profit. This is up 36.9 percentage points from the same quarter a year earlier.
Ring Energy's ROE was 8.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 6.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 44.1 percentage points.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
REI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $104.7M+26.7% | $73.7M-6.9% | $66.9M-19.8% | $78.6M-11.9% | $82.6M-16.7% | $79.1M-16.3% | $83.4M-16.5% | $89.2M-4.7% |
| SG&A Expenses | $8.0M+11.4% | $7.4M-13.7% | $8.0M-0.1% | $8.1M+26.8% | $7.1M-7.5% | $8.6M+15.4% | $8.0M-1.6% | $6.4M-9.3% |
| Operating Income | $50.3M+114.2% | -$141.8M-734.4% | -$25.2M-206.5% | -$55.0M-284.3% | $23.5M-43.9% | $22.4M-40.6% | $23.6M-42.2% | $29.8M-24.6% |
| EBITDA | $70.4M+43.5% | -$120.4M-367.8% | -$2.2M-104.5% | -$29.8M-153.6% | $49.0M-26.3% | $45.0M-26.8% | $48.2M-26.4% | $55.5M-9.8% |
| Interest Expense | $8.4M-28.7% | $8.6M-9.5% | $9.1M-9.8% | $10.1M-6.5% | $11.8M+7.4% | $9.5M-17.4% | $10.1M-12.9% | $10.8M-5.5% |
| Income Tax | $1.1M-82.2% | -$12.0M-494.2% | -$3.8M-310.7% | -$12.8M-226.9% | $6.1M-10.5% | $3.0M+75.9% | $1.8M-77.1% | $10.1M+395.7% |
| Net Income | $64.8M+214.0% | -$220.6M-2521.2% | -$12.8M-327.0% | -$51.6M-252.4% | $20.6M-8.0% | $9.1M+65.2% | $5.7M-88.9% | $33.9M+549.4% |
| EPS (Basic) | $0.28+180.0% | -$1.06-2220.0% | -$0.06-300.0% | -$0.25-247.1% | $0.10-9.1% | $0.05+66.7% | $0.03-88.5% | $0.17+525.0% |
| EPS (Diluted) | $0.27+170.0% | -$1.06-2220.0% | -$0.06-300.0% | -$0.25-247.1% | $0.10-9.1% | $0.05+66.7% | $0.03-88.5% | $0.17+525.0% |
| Diluted Shares (Avg) | 238M+14.9% | 209M+3.7% | N/A | 207M+3.0% | 207M+3.3% | 201M+0.9% | N/A | 201M+2.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
REI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B-15.5% | $1.3B-16.7% | $1.4B+0.3% | $1.4B+2.5% | $1.5B+9.1% | $1.5B+8.7% | $1.4B+2.3% | $1.4B+2.7% |
| Current Assets | $60.8M-2.5% | $59.3M+21.8% | $62.1M+23.0% | $55.8M+5.7% | $62.4M+11.0% | $48.7M-17.0% | $50.4M-9.8% | $52.8M-9.9% |
| Cash & Equivalents | $1.1M | $1.0M-5.5% | $903K-51.6% | $287K | $0-100.0% | $1.1M-20.0% | $1.9M+529.7% | $0-100.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $5.6M+4.5% | $6.1M+86.3% | $5.3M+31.2% | $5.0M+7.7% | $5.4M-6.8% | $3.3M-44.7% | $4.0M-34.0% | $4.6M-16.6% |
| Accounts Receivable | $43.5M+12.2% | $45.7M+28.2% | $30.9M-14.5% | $34.5M-5.2% | $38.7M-6.9% | $35.7M-19.6% | $36.2M-7.2% | $36.4M-20.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $528.1M-14.6% | $632.7M+0.5% | $569.9M+3.7% | $587.0M+7.0% | $618.4M+8.1% | $629.6M+6.4% | $549.5M-6.9% | $548.5M-12.9% |
| Current Liabilities | $112.9M+14.9% | $147.9M+42.5% | $93.7M-10.8% | $101.6M+4.1% | $98.3M-11.7% | $103.7M-12.4% | $105.0M-7.7% | $97.6M-35.7% |
| Non-Current Liabilities | $415.2M-20.2% | $484.9M-7.8% | $476.2M+7.1% | $485.4M+7.7% | $520.1M+12.8% | $525.9M+11.1% | $444.4M-6.7% | $450.9M-5.7% |
| Total Equity | $753.4M-16.6% | $622.0M-29.5% | $842.0M-2.6% | $847.7M-0.4% | $903.6M+10.5% | $881.7M+11.2% | $864.4M+9.9% | $851.3M+16.1% |
| Retained Earnings | -$126.8M-244.4% | -$191.6M-385.4% | $29.0M-50.0% | $36.1M-31.0% | $87.8M+374.8% | $67.1M+1806.8% | $58.0M+714.1% | $52.4M+186.8% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
REI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $40.8M+22.5% | $25.9M-8.7% | $44.7M-5.5% | $44.5M-13.3% | $33.3M-34.2% | $28.4M-37.2% | $47.3M-15.2% | $51.3M-7.3% |
| Depreciation & Amortization | $20.1M-21.3% | $21.4M-5.4% | $23.0M-6.3% | $25.2M-1.7% | $25.6M+3.5% | $22.6M-4.9% | $24.5M0.0% | $25.7M+16.7% |
| Stock-Based Compensation | $2.1M+59.0% | $1.5M-9.8% | N/A | $1.6M+4944.4% | $1.4M-34.9% | $1.7M-1.9% | N/A | $32K-98.5% |
| Investing Cash Flow | -$40.8M-122.4% | -$31.0M+69.8% | -$35.3M+6.4% | -$23.3M+36.8% | -$18.4M+50.2% | -$102.6M-159.7% | -$37.7M+27.0% | -$36.8M+57.9% |
| Financing Cash Flow | $144K+100.9% | $5.3M-92.8% | -$8.8M-14.0% | -$20.9M-33.2% | -$16.0M-15.0% | $73.5M+1695.8% | -$7.7M-97.1% | -$15.7M-151.8% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
REI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 48.0%+19.6pp | -192.5% | -37.6%-65.9pp | -70.0%-103.4pp | 28.4%-13.8pp | 28.3%-11.5pp | 28.3%-12.6pp | 33.4%-8.8pp |
| Net Margin | 61.9%+36.9pp | -299.4% | -19.2%-26.0pp | -65.7%-103.6pp | 25.0%+2.4pp | 11.5%+5.7pp | 6.8%-44.1pp | 38.0%+46.0pp |
| Return on Equity | 8.6%+6.3pp | -35.5%-36.5pp | -1.5%-2.2pp | -6.1%-10.1pp | 2.3%-0.5pp | 1.0%+0.3pp | 0.7%-5.8pp | 4.0%+5.0pp |
| Return on Assets | 5.1%+3.7pp | -17.6%-18.2pp | -0.9%-1.3pp | -3.6%-6.0pp | 1.4%-0.3pp | 0.6%+0.2pp | 0.4%-3.3pp | 2.4%+3.0pp |
| Current Ratio | 0.54-0.1x | 0.40-0.1x | 0.66+0.2x | 0.550.0x | 0.63+0.1x | 0.470.0x | 0.480.0x | 0.54+0.2x |
| Debt-to-Equity | 0.700.0x | 1.02+0.3x | 0.680.0x | 0.690.0x | 0.680.0x | 0.710.0x | 0.64-0.1x | 0.64-0.2x |
| Asset Turnover | 0.080.0x | 0.060.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.050.0x | 0.060.0x | 0.060.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.66), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ring Energy REI | FY2025 | $307.2M | -$34.7M | -11.3% | $390.8M | 30/100 |
| Infinity Natural Resources INR | FY2025 | $356.4M | $13.8M | 3.9% | $294.9M | 58/100 |
| Berry Corporation BRY | FY2024 | $783.8M | $19.3M | 2.5% | $253.0M | 15/100 |
| Houston American HUSA | FY2025 | $411K | -$29.5M | N/A | $79.7M | — |
| Primeenergy Resources Corp PNRG | FY2025 | $189.1M | $26.3M | 13.9% | $341.9M | 41/100 |
| W&T Offshore WTI | FY2025 | $501.5M | -$150.1M | -29.9% | $579.6M | 20/100 |
Where Ring Energy Ranks
Frequently Asked Questions
What is Ring Energy's annual revenue?
Ring Energy (REI) reported $307.2M in total revenue for fiscal year 2025. This represents a -16.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ring Energy's revenue growing?
Ring Energy (REI) revenue declined by 16.1% year-over-year, from $366.3M to $307.2M in fiscal year 2025.
Is Ring Energy profitable?
No, Ring Energy (REI) reported a net income of -$34.7M in fiscal year 2025, with a net profit margin of -11.3%.
What is Ring Energy's EBITDA?
Ring Energy (REI) had EBITDA of $62.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ring Energy's operating margin?
Ring Energy (REI) had an operating margin of -11.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ring Energy's net profit margin?
Ring Energy (REI) had a net profit margin of -11.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ring Energy's return on equity (ROE)?
Ring Energy (REI) has a return on equity of -4.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ring Energy's operating cash flow?
Ring Energy (REI) generated $150.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ring Energy's total assets?
Ring Energy (REI) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Ring Energy's current ratio?
Ring Energy (REI) had a current ratio of 0.66 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Ring Energy's debt-to-equity ratio?
Ring Energy (REI) had a debt-to-equity ratio of 0.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ring Energy's return on assets (ROA)?
Ring Energy (REI) had a return on assets of -2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ring Energy's P/E ratio?
Ring Energy (REI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $390.8M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ring Energy's price-to-sales ratio?
Ring Energy (REI) trades at 1.2x sales, its market capitalization divided by revenue of $323.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $390.8M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ring Energy's Altman Z-Score?
Ring Energy (REI) has an Altman Z-Score of 0.55, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ring Energy's Piotroski F-Score?
Ring Energy (REI) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ring Energy's earnings high quality?
Ring Energy (REI) reported a net loss of $34.7M while generating $150.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ring Energy cover its interest payments?
Ring Energy (REI) reported an operating loss of $34.3M against $40.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ring Energy?
Ring Energy (REI) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.