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NYSE · Energy

Ring Energy, Inc. (REI)

As-reported financials and SEC filings for Ring Energy, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Ring Energy, Inc.

Ring Energy, Inc. is an independent oil and natural gas company based in Texas that focuses on exploration, development, production, and acquisition activities in the Permian Basin. The company operates oil and natural gas wells, primarily targeting oil and liquids-rich formations, and holds interests in over 900 producing wells with significant proved reserves. Ring Energy sells its production mainly to end users and marketers, serving customers such as Phillips 66 Company, Concord Energy LLC, and NGL Crude Partners.

Snapshot

Revenue
$307.2M
Revenue growth (YoY)
-16.1%
Net income
$-34.7M
Diluted EPS
$-0.17
Gross margin
—
Operating margin
-11.2%
Net margin
-11.3%
FCF margin
—
ROE
-4.1%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$349.1M
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ring Energy

  • Revenue fell 16.1% to $307M in FY2025, slower than the 1.5% the year before.
  • Operating margin is now a 11.2% loss in FY2025, from 48.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $105M, up 26.7% from Q2 FY2025.
  • Net income turned to a $35M loss in FY2025, from a $67M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ring Energy’s fundamentals sit among the 61 oil and gas companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-11.2%
10th percentile of 50
Net margin-11.3%
16th percentile of 58
Revenue growth (YoY)-16.1%
12th percentile of 60
ROE-4.1%
23rd percentile of 49
Short interest2.43d
25th percentile of 60

Ring Energy’s operating margin of -11.2% ranks in the 10th percentile of the 50 oil and gas companies reporting it. Ring Energy’s revenue growth of -16.1% ranks in the 12th percentile of the 60 oil and gas companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+4 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$14.3M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$8.7M8.0MAdded
Renaissance TechnologiesquantQ2 2026$4.4M4.1MAdded
Millennium ManagementquantQ2 2026$974,274902.1KReduced
Point72 Asset ManagementquantQ2 2026$170,344157.7KReduced
Gotham Asset ManagementQ2 2026$13,67912.7KNew

No longer held by: Citadel Advisors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-15
filed 2026-06-16
Sundip Singh JohlEVP, Chief Financial OfficerBuy231.0K$1.21$279K
2026-06-15
filed 2026-06-16
Paul D. McKinneyCEO and Chairman of the BoardBuy50.0K$1.19$60K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.3M
settled 2026-09-30
Change vs prior
+20.8%
vs previous settlement
Days to cover
2.43
at avg daily volume
Avg daily volume
3.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-309.3M+20.8%2.43
2026-09-157.7M+7.1%1.78
2026-08-317.2M-29.5%2.10
2026-08-1410.2M-0.5%3.13
2026-07-3110.2M-5.8%2.84
2026-07-1510.8M+17.5%1.74
2026-06-309.2M+95.8%1.19
2026-06-154.7M-30.1%1.11

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$307.2M$366.3M$361.1M$347.2M$196.3M
Gross profit—————
Operating income$-34.3M$132.9M$145.8M$191.7M$95.8M
Net income$-34.7M$67.5M$104.9M$138.6M$3.3M
Diluted EPS$-0.17$0.34$0.54$0.98$0.03

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$902,913$1.9M$296,384$3.7M$2.4M
Current assets$62.1M$50.4M$55.9M$63.2M$29.8M
Total assets$1.41B$1.41B$1.38B$1.27B$684.2M
Current liabilities$93.7M$105.0M$113.8M$141.8M$76.7M
Long-term debt—————
Total liabilities$569.9M$549.5M$589.9M$607.9M$383.5M
Total equity$842.0M$864.4M$786.6M$661.1M$300.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$150.8M$194.4M$198.2M$197.0M$72.7M
Capital expenditure—————
Free cash flow—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$104.7M26.7%$64.8M$0.27
Q1 FY2026$73.7M-6.9%$-220.6M$-1.06
Q4 FY2025-19.8%
Q3 FY2025$78.6M-11.9%$-51.6M$-0.25
Q2 FY2025$82.6M-16.7%$20.6M$0.10
Q1 FY2025$79.1M-16.3%$9.1M$0.05
Q4 FY2024-16.5%
Q3 FY2024$89.2M-4.7%$33.9M$0.17

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryCrude Petroleum & Natural Gas
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2007
SEC CIK1384195

Selected SEC filings

10-K2026-03-04
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-05-22
View on EDGAR →
8-K2026-05-14
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest oil and gas peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.