Ring Energy, Inc.
REI

$344.82 M
Marketcap
$1.74
Share price
Country
$-0.06
Change (1 day)
$2.20
Year High
$1.25
Year Low

Ring Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas.

marketcap

Revenue of Ring Energy, Inc. (REI)

Revenue in 2023 (TTM): $361.06 M

According to Ring Energy, Inc.'s latest financial reports the company's current revenue (TTM) is $361.06 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.

Revenue history of Ring Energy, Inc.

Annual Revenue

Year Revenue Gross Profit Ebitda Income Before Tax Net Income
2023 $361.06 M $245.67 M $235.82 M $104.99 M $104.86 M
2022 $347.25 M $220.19 M $247.48 M $147.04 M $138.64 M
2021 $196.31 M $112.57 M $132.92 M $3.41 M $3.32 M
2020 $113.03 M $26.62 M $51.85 M $-259,413,004 $-253,411,828
2019 $195.7 M $80.95 M $116.35 M $43.28 M $29.5 M
2018 $120.07 M $47.61 M $73.26 M $12.45 M $9 M
2017 $66.7 M $27.05 M $36.78 M $12.17 M $1.75 M
2016 $30.85 M $7.99 M $11.02 M $-57,625,272 $-37,637,687
2015 $31.01 M $4.41 M $11.18 M $-14,056,484 $-9,052,771
2014 $38.09 M $19.53 M $24.46 M $12.66 M $8.42 M
2013 $10.32 M $6.35 M $1.92 M $-374,508 $-452,209
2012 $1.76 M $381.7 K $-1,520,752 $-1,969,607 $-1,669,283
2011 $2.62 K $2.02 K $-325,255 $ $-320,248
2010 $8.27 K $-1,623 $-53,102 $-78,419 $-78,419
2009 $ $ $-91,096 $-334,055 $-334,055
2008 $ $ $-124,413 $-123,107 $-124,078
2007 $ $ $-107,213 $-123,047 $-127,081
2006 $ $ $-28,094 $ $-28,267