Ring Energy (REI) Income Statement: Revenue & Earnings

Ring Energy Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Ring Energy, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	350.21	342.92	347.25	196.31	107.80
Cost of Revenue	74.73	65.52	127.43	83.74	33.84
Gross Profit	275.48	277.40	219.82	112.57	73.95
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	34.42	34.83	27.10	16.07	18.07
Operating Expenses	144.94	128.85	28.08	16.81	43.75
Operating Income	130.53	148.55	191.74	95.76	30.21
Other Income/Expense
Interest Income	0.49	0.26	0.00	0.00	0.00
Interest Expense	-43.31	-43.93	23.17	14.49	-17.62
Other Income/Expense	0.11	0.20	-21.53	-77.85	0.00
Income
Income Before Tax	87.91	104.99	147.04	3.41	-259.41
Income Tax Expense	20.44	0.13	8.41	0.09	-6.00
Net Income	67.47	104.86	138.64	3.32	-253.41
Net Income - Continuous Operations	67.47	104.86	138.64	3.32	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	230.62	238.58	225.95	55.07	74.12
EBIT	130.53	148.55	170.21	17.90	30.21
Depreciation & Amortization	100.08	90.04	55.74	37.17	43.92
Earnings Per Share
Basic EPS	-	1.00	1.00	-	-3.00
Diluted EPS	-	1.00	1.00	-	-3.00
Basic Shares Outstanding	197.94	190.59	121.26	99.39	72.89
Diluted Shares Outstanding	200.28	195.36	141.75	121.19	72.89