Ring Energy, Inc. (REI) financial statements (2023 and earlier)

Company profile

Business Address 1725 HUGHES LANDING BLVD.
THE WOODLANDS, TX 77380
State of Incorp. NV
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4083,57910,0053,36415,00771,086
Cash and cash equivalents2,4083,57910,0053,36415,00771,086
Receivables26,46116,32524,72213,22213,8883,908
Prepaid expense9383963,982259229227
Other undisclosed current assets 500    
Total current assets:29,80720,80038,70916,84429,12475,221
Noncurrent Assets
Operating lease, right-of-use asset1,2771,4941,867
Property, plant and equipment651,360638,783929,216542,011373,611211,919
Deferred tax assets, net7,78611,23220,052
Other undisclosed noncurrent assets1,7132,3793,214424135406
Total noncurrent assets:654,350642,656934,298550,221384,979232,376
TOTAL ASSETS:684,157663,456973,006567,066414,102307,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46,23332,50054,63651,91044,4759,099
Accounts payable46,23332,50054,63651,91044,4759,099
Debt9032951,457   
Derivative instruments and hedges, liabilities29,2423,2873,000 3,968 
Other undisclosed current liabilities291859    
Total current liabilities:76,66936,94259,09351,91048,4439,099
Noncurrent Liabilities
Long-term debt and lease obligation344127424   
Finance lease, liability344127424
Liabilities, other than long-term debt 8696,001   
Deferred income tax liabilities  6,001
Derivative instruments and hedges, liabilities 869    
Other undisclosed noncurrent liabilities306,521330,753383,97852,5569,0567,957
Total noncurrent liabilities:306,864331,749390,40452,5569,0567,957
Total liabilities:383,533368,690449,496104,46657,49917,056
Stockholders' equity
Stockholders' equity attributable to parent300,624294,766523,510462,599356,603290,541
Common stock1008668635449
Additional paid in capital553,472550,951526,301494,892397,905335,198
Accumulated deficit(252,948)(256,271)(2,859)(32,356)(41,356)(44,706)
Total stockholders' equity:300,624294,766523,510462,599356,603290,541
TOTAL LIABILITIES AND EQUITY:684,157663,456973,006567,066414,102307,597

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues196,306113,025195,703120,06566,70030,850
Revenue, net66,70030,850
Cost of revenue(41,850)(86,404)(53,664)(72,458)(20,518)(9,868)
Cost of goods and services sold(4,333)(36,969)(48,496)(27,802)(20,518)(9,868)
Gross profit:154,45626,621142,03947,60746,18220,982
Operating expenses(58,699)(295,283)(81,902)(27,646)(50,733)(87,883)
Other undisclosed operating income    20,5189,868
Operating income (loss):95,757(268,661)60,13619,96115,967(57,033)
Nonoperating income (expense)(92,344)9,248(16,852)(7,515)(3,797)(593)
Interest and debt expense(14,490)(17,618)(13,866)(428) (649)
Income (loss) from continuing operations before equity method investments, income taxes:(11,077)(277,031)29,41912,01812,170(58,274)
Other undisclosed income from continuing operations before income taxes14,49017,61813,866428 649
Income (loss) from continuing operations before income taxes:3,413(259,413)43,28412,44512,170(57,625)
Income tax expense (benefit)(90)6,001(13,788)(3,446)(10,416)19,988
Net income (loss) available to common stockholders, diluted:3,323(253,412)29,4979,0001,754(37,638)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):3,323(253,412)29,4979,0001,754(37,638)
Comprehensive income (loss), net of tax, attributable to parent:3,323(253,412)29,4979,0001,754(37,638)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: