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Ring Energy REI Oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at September 30, 2025, and December 31, 2024, respectively) ($14,589 million and $5,713 million related to Viper and $5,275 million and $2,180 million excluded from amortization related to Viper)

Oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at September 30, 2025, and December 31, 2024, respectively) ($14,589 million and $5,713 million related to Viper and $5,275 million and $2,180 million excluded from amortization related to Viper) at other companies

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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

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

Where this comes from

Reported directly by Ring Energy in its filing.

Tagged under the XBRL concept us-gaap:OilAndGasPropertyFullCostMethodGross.

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 oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at september 30, 2025, and december 31, 2024, respectively) ($14,589 million and $5,713 million related to viper and $5,275 million and $2,180 million excluded from amortization related to viper)?
Ring Energy (REI) reported oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at september 30, 2025, and december 31, 2024, respectively) ($14,589 million and $5,713 million related to viper and $5,275 million and $2,180 million excluded from amortization related to viper) of $1.76B in Q1 2026.
How has Ring Energy's oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at september 30, 2025, and december 31, 2024, respectively) ($14,589 million and $5,713 million related to viper and $5,275 million and $2,180 million excluded from amortization related to viper) changed year-over-year?
Ring Energy's oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at september 30, 2025, and december 31, 2024, respectively) ($14,589 million and $5,713 million related to viper and $5,275 million and $2,180 million excluded from amortization related to viper) decreased by 8.8% year-over-year, from $1.93B to $1.76B.
What is the long-term trend for Ring Energy's oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at september 30, 2025, and december 31, 2024, respectively) ($14,589 million and $5,713 million related to viper and $5,275 million and $2,180 million excluded from amortization related to viper)?
Over 5 years (2020 to 2025), Ring Energy's oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at september 30, 2025, and december 31, 2024, respectively) ($14,589 million and $5,713 million related to viper and $5,275 million and $2,180 million excluded from amortization related to viper) has grown at a 17.7% compound annual growth rate (CAGR), from $836.51M to $1.89B.
What does oil and natural gas properties, full cost method of accounting ($24,498 million and $22,666 million excluded from amortization at september 30, 2025, and december 31, 2024, respectively) ($14,589 million and $5,713 million related to viper and $5,275 million and $2,180 million excluded from amortization related to viper) mean?
This represents the total capitalized costs associated with oil and natural gas acquisition, exploration, and development activities under the full cost accounting method. It includes costs currently excluded from amortization, such as unproved properties or major development projects not yet producing. This metric is critical for assessing the scale of the company's asset base and future production potential.