What is Ring Energy's net debt?

Ring Energy (REI) reported net debt of $2.05M in Q1 2026.

How has Ring Energy's net debt changed year-over-year?

Ring Energy's net debt decreased by 35.7% year-over-year, from $3.2M to $2.05M.

What is the long-term trend for Ring Energy's net debt?

Over 5 years (2020 to 2025), Ring Energy's net debt has grown at a 0.3% compound annual growth rate (CAGR), from -$2.52M to $2.56M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Ring Energy REI Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

HES

Hess MidstreamHESM

3.1×-0.1×

Helen Of TroyHELE

4.8×+2.6×

CorMedixCRMD

-0.9×—

Hyster-Yale Materials Handling, Inc.HY

27.5×+26.1×

Other financials

Income statement

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Revenue$73.7M-6.9%

Gross profit$88.1M+31.7%

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

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Market cap$274.16M+69.4%

Enterprise value$276.22M+66.7%

P/S0.9×+0.4×

Profitability

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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.

$3.1Mtotal debt−$1.0Mcash and equivalents=$2.05M

The official record: Ring Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ring Energy's net debt?: Ring Energy (REI) reported net debt of $2.05M in Q1 2026.
How has Ring Energy's net debt changed year-over-year?: Ring Energy's net debt decreased by 35.7% year-over-year, from $3.2M to $2.05M.
What is the long-term trend for Ring Energy's net debt?: Over 5 years (2020 to 2025), Ring Energy's net debt has grown at a 0.3% compound annual growth rate (CAGR), from -$2.52M to $2.56M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.