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Ring Energy

REI

Ring Energy is an independent oil and natural gas exploration and production company focused on the development and commercialization of resources in the Permian Basin.

Market cap
$297.01M+85.9%
Revenue$301.8M-14.0%
Net income-$264.4M-472%
Free cash flow$148.2M-16.5%
EPS (diluted)-$1.27-453%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$93.3M
EPS estimate$0.04

Financials

Q1 2026

Income statement

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Revenue$73.7M-6.9%
Operating income-$141.8M-734%
Net income-$220.6M-2,521%
EPS (diluted)-$1.06-2,220%

Balance sheet

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Cash & equivalents$1.0M-5.5%
Total debt$3.1M-28.0%
Total equity$622.0M-29.5%
Total assets$1.3B-16.7%

Cash flow

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Operating cash flow$25.9M-8.7%
CapEx--100%
Free cash flow$25.9M-8.6%

Valuation & ratios

Valuation

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Market cap$297.01M+85.9%
Enterprise value$299.06M+71.2%
P/S+0.5×

Profitability

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Operating margin-65.8%-99.3pp
Net margin-87.6%-108pp
FCF margin49.1%-1.5pp

Returns & leverage

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Return on equity-35.2%-43.7pp
Debt / equity0.0×
Current ratio0.4×-0.1×

Segments

By segment

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Exploration and Production$73.7M-6.9%

Competitors

Profile

Ring Energy is an independent oil and natural gas exploration and production company focused on the development and commercialization of resources in the Permian Basin. The company specializes in acquiring and exploiting oil-weighted assets, primarily targeting liquids-rich formations in the Northwest Shelf and Central Basin Platform of Texas. Its core value proposition centers on generating sustainable shareholder returns through rigorous capital discipline, operational efficiency, and strategic acquisitions.

Competitive position

Ring Energy is a growth-oriented independent operator with a significant leasehold position in the Northwest Shelf and Central Basin Platform, characterized by a high percentage of operated proved developed reserves.

GeographiesUnited States, Texas, Permian Basin
Customer segmentsEnergy wholesalers, Downstream processors
Business modelResource extraction, Asset acquisition and exploitation
SuppliersOilfield service providers, Drilling rig operators, Water disposal services, Proppant and equipment suppliers
CustomersCrude oil refineries, Natural gas pipeline operators, Petrochemical processors
Listed2006
Employees108.0
CEOPaul D. McKinney
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Ring Energy's market cap?
Ring Energy (REI) has a market capitalization of $297.0M and trades on AMEX.
What is Ring Energy's revenue and profitability?
Ring Energy generated $301.8M in trailing twelve-month revenue with a net loss of $264.4M, representing a net margin of -87.6%. Gross margin stands at 99.9%, with free cash flow of $148.2M. These figures are based on the Q1 2026 filing.
Who are Ring Energy's competitors?
Ring Energy's key competitors include Occidental Petroleum, Diamondback Energy, Apache Corporation, and others. These companies compete in similar markets and product categories.
Where is Ring Energy headquartered?
Ring Energy is headquartered in United States of America and employs approximately 108 people. It has been publicly traded since 2006.