Financial Snapshot

Revenue
$366.3M
TTM
Gross Margin
93.21%
TTM
Net Earnings
$67.47M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
48.03%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$858.6M
Q4 2024
Cash
Q4 2024
P/E
2.725
Nov 29, 2024 EST
Free Cash Flow
$37.94M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $366.3M $361.1M $347.2M $196.3M $113.0M $195.7M $120.1M $66.70M $30.85M $31.01M $38.09M $10.32M $1.757M $500.0K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 1.46% 3.98% 76.89% 73.68% -42.25% 63.0% 80.01% 116.2% -0.53% -18.58% 269.24% 486.97% 251.49%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $366.3M $361.1M $347.2M $196.3M $113.0M $195.7M $120.1M $66.70M $30.85M $31.01M $38.09M $10.32M $1.757M $500.0K $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $24.69M $25.35M $1.830M $4.333M $4.090M $2.874M $27.80M $15.98M $9.868M $11.43M $6.753M $1.700M $900.0K $300.0K $0.00 $0.00 $0.00 $0.00 $0.00
Gross Profit $341.6M $335.7M $345.4M $192.0M $108.9M $192.8M $92.26M $50.72M $20.98M $19.59M $31.34M $8.600M $900.0K $200.0K $0.00 $0.00 $0.00 $0.00 $0.00
Gross Profit Margin 93.26% 92.98% 99.47% 97.79% 96.38% 98.53% 76.84% 76.04% 68.01% 63.16% 82.27% 83.37% 51.21% 40.0%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $108.7M $99.89M $75.15M $46.90M $23.41M $16.69M $12.87M $10.52M $8.027M $7.995M $6.803M $6.700M $2.400M $400.0K $100.0K $0.00 $100.0K $100.0K $100.0K
YoY Change 8.77% 32.91% 60.23% 100.38% 40.23% 29.72% 22.36% 31.01% 0.4% 17.53% 1.54% 179.17% 500.0% 300.0% -100.0% 0.0% 0.0%
% of Gross Profit 31.8% 29.75% 21.76% 24.43% 21.49% 8.66% 13.95% 20.73% 38.26% 40.82% 21.71% 77.91% 266.67% 200.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $98.70M $88.61M $55.74M $37.17M $43.01M $56.20M $39.02M $20.52M $303.5K $286.3K $127.3K $60.61K $32.73K $90.00K $0.00 $0.00 $0.00 $0.00
YoY Change 11.39% 58.97% 49.97% -13.58% -23.47% 44.02% 90.2% 6661.37% 5.99% 124.98% 109.95% 85.19% -63.63%
% of Gross Profit 28.89% 26.4% 16.14% 19.36% 39.48% 29.15% 42.3% 40.45% 1.45% 1.46% 0.41% 0.7% 3.64% 45.0%
Operating Expenses $208.7M $189.9M $131.9M $84.82M $67.33M $73.84M $52.50M $31.60M $20.00M $23.59M $18.77M $9.000M $2.900M $500.0K $100.0K $100.0K $100.0K $100.0K $100.0K
YoY Change 9.9% 44.01% 55.49% 25.98% -8.82% 40.65% 66.13% 58.03% -15.23% 25.71% 108.51% 210.34% 480.0% 400.0% 0.0% 0.0% 0.0% 0.0%
Operating Profit $132.9M $145.8M $191.7M $95.76M -$268.7M $60.14M $19.96M $15.97M -$57.03M -$13.31M $12.57M -$389.3K -$2.032M -$300.0K -$100.0K -$100.0K -$100.0K -$100.0K -$100.0K
YoY Change -8.84% -23.97% 100.24% -135.64% -546.75% 201.27% 25.01% -128.0% 328.36% -205.92% -3328.74% -80.84% 577.28% 200.0% 0.0% 0.0% 0.0% 0.0%
Operating Profit To Gross Profit 38.9% 43.43% 55.51% 49.88% -246.63% 31.19% 21.63% 31.48% -271.81% -67.97% 40.11% -4.53% -225.76% -150.0%
Operating Profit To Revenue 36.28% 40.38% 55.22% 48.78% -237.7% 30.73% 16.63% 23.94% -184.87% -42.93% 33.0% -3.77% -115.61% -60.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense -$45.19M -$40.90M $23.17M $14.49M $17.62M $13.87M $427.9K $0.00 $649.0K $749.1K $0.00 $9.890K $218.8K $100.0K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 10.47% -276.55% 59.88% -17.75% 27.06% 3140.39% -100.0% -13.37% -100.0% -95.48% 118.81%
% of Operating Profit -34.0% -28.06% 12.08% 15.13% 23.06% 2.14% 0.0% 0.0%
Other Income/Expense, Net -$44.99M $198.9K -$44.70M -$92.34M $9.248M -$16.85M -$7.515M -$3.797M -$592.5K -$742.2K $85.96K $14.82K $62.24K $300.0K $0.00 $0.00 $0.00
YoY Change -22714.57% -100.45% -51.59% -1098.48% -154.88% 124.23% 97.93% 540.85% -20.16% -963.33% 480.21% -76.2% -79.25%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income $87.91M $105.0M $147.0M $3.413M -$259.4M $43.28M $12.45M $12.17M -$57.63M -$14.06M $12.66M -$374.5K -$1.970M $100.0K -$100.0K $0.00 -$100.0K -$100.0K -$100.0K
YoY Change -16.27% -28.6% 4208.05% -101.32% -699.32% 247.79% 2.26% -121.12% 309.96% -211.06% -3479.43% -80.99% -2069.61% -200.0% -100.0% 0.0% 0.0%
Income Tax $20.44M $125.2K $8.409M $90.34K -$6.001M $13.79M $3.446M $10.42M -$19.99M -$5.004M $4.236M $77.70K -$300.3K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 23.25% 0.12% 5.72% 2.65% 31.85% 27.69% 85.59% 33.47% 0.0%
Net Earnings $67.47M $104.9M $138.6M $3.323M -$253.4M $29.50M $9.000M $1.754M -$37.64M -$9.053M $8.421M -$452.2K -$1.669M $100.0K -$100.0K $0.00 -$100.0K -$100.0K -$100.0K
YoY Change -35.66% -24.36% 4072.12% -101.31% -959.12% 227.75% 413.14% -104.66% 315.76% -207.51% -1962.08% -72.91% -1769.28% -200.0% -100.0% 0.0% 0.0%
Net Earnings / Revenue 18.42% 29.04% 39.92% 1.69% -224.21% 15.07% 7.5% 2.63% -122.0% -29.19% 22.11% -4.38% -94.98% 20.0%
Basic Earnings Per Share $0.34 $0.55 $1.14 $0.03 -$3.48 $0.44 $0.15 $0.03 -$0.97 -$0.32 $0.34 -$0.03 -$0.21
Diluted Earnings Per Share $0.34 $0.54 $0.98 $0.03 -$3.48 $0.44 $0.15 $0.03 -$0.97 -$0.32 $0.33 -$0.03 -$0.21 $8.130K -$28.57K $0.00 -$31.25K -$33.33K -$33.33K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments $1.866M $296.4K $3.713M $2.408M $3.579M $10.00M $3.364M $15.01M $71.09M $4.431M $8.622M $52.40M $5.400M $0.00 $900.0K $1.000M $100.0K $0.00 $0.00
YoY Change 529.73% -92.02% 54.15% -32.7% -64.23% 197.43% -77.58% -78.89% 1504.17% -48.61% -83.55% 870.37% -100.0% -10.0% 900.0%
Cash & Equivalents $900.0K $1.000M $100.0K $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $7.278M $8.090M $6.771M $938.0K $396.1K $3.982M $258.9K $229.4K $226.8K $146.1K $160.6K $100.0K $100.0K $100.0K $0.00 $0.00 $100.0K $0.00 $0.00
YoY Change -10.03% 19.49% 621.8% 136.81% -90.05% 1438.09% 12.84% 1.15% 55.24% -9.02% 60.6% 0.0% 0.0% -100.0%
Inventory $4.048M $6.137M $9.251M
Prepaid Expenses
Receivables $36.17M $38.97M $42.45M $24.03M $15.00M $22.91M $12.64M $12.83M $3.453M $2.508M $3.617M $3.900M $400.0K $100.0K $0.00 $0.00 $0.00
Other Receivables $1.083M $2.422M $983.8K $2.434M $1.827M $1.812M $578.1K $1.054M $454.5K $1.629M $2.684M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $50.45M $55.91M $63.17M $29.81M $20.80M $38.71M $16.84M $29.12M $75.22M $8.714M $15.08M $56.30M $5.900M $200.0K $900.0K $1.000M $100.0K $0.00 $0.00
YoY Change -9.77% -11.49% 111.92% 43.3% -46.27% 129.8% -42.16% -61.28% 763.17% -42.22% -73.21% 854.24% 2850.0% -77.78% -10.0% 900.0%
Property, Plant & Equipment $1.344B $1.296B $1.182B $652.6M $640.3M $931.1M $542.0M $373.6M $211.9M $241.3M $152.6M $55.40M $22.60M $6.500M $0.00 $0.00 $0.00
YoY Change 3.71% 9.66% 81.08% 1.93% -31.23% 71.78% 45.07% 76.3% -12.16% 58.15% 175.38% 145.13% 247.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $1.300M $0.00 $0.00
YoY Change -100.0%
Other Assets $13.62M $24.67M $24.03M $1.713M $2.379M $3.214M $8.211M $11.37M $20.46M $885.2K $0.00
YoY Change -44.77% 2.65% 1302.32% -27.99% -25.98% -60.85% -27.77% -44.43% 2211.03%
Total Long-Term Assets $1.358B $1.321B $1.206B $654.4M $642.7M $934.3M $550.2M $385.0M $232.4M $242.2M $152.6M $55.40M $22.60M $6.500M $0.00 $0.00 $1.300M $0.00 $0.00
YoY Change 2.81% 9.52% 84.28% 1.82% -31.22% 69.8% 42.92% 65.67% -4.04% 58.73% 175.38% 145.13% 247.69% -100.0%
Total Assets $1.408B $1.376B $1.269B $684.2M $663.5M $973.0M $567.1M $414.1M $307.6M $250.9M $167.6M $111.7M $28.50M $6.700M $900.0K $1.000M $1.400M $0.00 $0.00
YoY Change
Accounts Payable $75.06M $81.98M $111.4M $46.23M $32.50M $54.64M $51.91M $44.48M $9.099M $11.02M $16.24M $6.200M $1.200M $100.0K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -8.44% -26.41% 140.95% 42.26% -40.51% 5.25% 16.72% 388.77% -17.45% -32.13% 161.95% 416.67% 1100.0%
Accrued Expenses $21.32M $22.66M $398.4K $290.8K $859.0K $1.176M $0.00 $309.9K $0.00 $1.000M $0.00 $100.0K
YoY Change -5.9% 5587.57% 37.0% -66.15% -26.95% -100.0% -100.0% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $496.4K $533.7K $499.9K $586.4K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -6.99% 6.77% -14.76%
Long-Term Debt Due $906.1K $956.3K $709.7K $316.5K $295.3K $281.0K
YoY Change -5.24% 34.75% 124.21% 7.18% 5.1%
Total Short-Term Liabilities $105.0M $113.8M $141.2M $76.67M $36.94M $59.09M $51.91M $48.44M $9.099M $11.33M $16.26M $7.200M $1.200M $500.0K $0.00 $0.00 $0.00 $100.0K $100.0K
YoY Change -7.71% -19.38% 84.12% 107.54% -37.48% 13.84% 7.16% 432.38% -19.71% -30.31% 125.88% 500.0% 140.0% -100.0% 0.0%
Long-Term Debt $385.6M $425.9M $416.1M $290.3M $313.1M $366.9M $39.50M $0.00 $0.00 $45.90M $0.00 $0.00 $0.00 $9.200M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -9.45% 2.37% 43.3% -7.28% -14.66% 828.92% -100.0% -100.0%
Other Long-Term Liabilities $30.18M $41.65M $42.19M $16.43M $18.62M $17.48M $13.06M $9.056M $7.957M $7.402M $3.896M $1.200M $500.0K $1.100M
YoY Change -27.53% -1.28% 156.76% -11.77% 6.54% 33.87% 44.17% 13.81% 7.5% 89.96% 224.71% 140.0% -54.55%
Total Long-Term Liabilities $415.8M $467.6M $458.2M $306.8M $331.7M $384.4M $52.56M $9.056M $7.957M $53.30M $3.896M $1.200M $500.0K $10.30M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -11.06% 2.03% 49.37% -7.53% -13.7% 631.42% 480.36% 13.81% -85.07% 1267.95% 224.71% 140.0% -95.15%
Total Liabilities $549.5M $589.9M $607.9M $383.5M $368.7M $449.5M $104.5M $57.50M $17.06M $64.64M $25.10M $9.100M $2.300M $10.80M $0.00 $0.00 $0.00 $100.0K $100.0K
YoY Change -6.86% -2.96% 58.5% 4.03% -17.98% 330.28% 81.68% 237.11% -73.61% 157.52% 175.81% 295.65% -78.7% -100.0% 0.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $183.86 Million

About Ring Energy Inc

Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The company is headquartered in The Woodlands, Texas and currently employs 115 full-time employees. The company went IPO on 2007-03-28. The firm is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The firm's leasehold acreage positions total approximately 96,127 gross (80,535 net) acres, and it holds interests in approximately 1,043 gross (864 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 63% consisting of oil, 19% consisting of natural gas, and 18% consisting of natural gas liquids. Of those reserves, approximately 68% are classified as proved developed and 32% are classified as proved undeveloped. Its proved reserves are approximately 129.8 million barrels of oil equivalent (BOE).

Industry: Crude Petroleum & Natural Gas Peers: Empire Petroleum Corp Amplify Energy Corp BP Prudhoe Bay Royalty Trust ConocoPhillips Riley Exploration Permian Inc SILVERBOW RESOURCES, INC. VAALCO ENERGY INC /DE/