What is Ring Energy's gross profit?

Ring Energy (REI) reported gross profit of $88.08M in Q1 2023.

How has Ring Energy's gross profit changed year-over-year?

Ring Energy's gross profit increased by 31.7% year-over-year, from $66.88M to $88.08M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Ring Energy REI Gross Profit

Discontinued — last reported Q1 '23

Gross Profit at other companies

Occidental PetroleumOXY

$5.81B-7.5%

Amplify EnergyAMPY

$36.71M-45.8%

Northern Oil and GasNOG

-$124.72M-126%

SM EnergySM

$1.05B+69.5%

Murphy OilMUR

$624.56M-6.9%

Range ResourcesRRC

——

Other financials

Income statement

See full

Revenue$73.7M-6.9%

Operating income-$141.8M-734%

Net income-$220.6M-2,521%

EPS (diluted)-$1.06-2,220%

Balance sheet

See full

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

See full

Operating cash flow$25.9M-8.7%

CapEx--100%

Free cash flow$25.9M-8.6%

Valuation

See full

Market cap$274.16M+69.4%

Enterprise value$276.22M+66.7%

P/S0.9×+0.4×

Profitability

See full

Gross margin99.9%+1.9pp

Operating margin-65.8%-99.3pp

Net margin-87.6%-108pp

FCF margin49.1%-1.5pp

Returns & leverage

See full

Return on equity-35.2%-43.7pp

Debt / equity0×0.0×

Current ratio0.4×-0.1×

Where this comes from

Calculated from Ring Energy’s reported figures.

$88.1Mtotal revenue+$823.0total cost of revenue=$88.08M

The official record: Ring Energy’s 10-Q, filed May 6, 2024, on SEC EDGAR. View the filing →

Ask your AI about Ring Energy's gross profit.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Ring Energy's gross profit?: Ring Energy (REI) reported gross profit of $88.08M in Q1 2023.
How has Ring Energy's gross profit changed year-over-year?: Ring Energy's gross profit increased by 31.7% year-over-year, from $66.88M to $88.08M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.