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REIRing Energy, Inc.
$1.11$232M
Overview & Verdict
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REI logoRing Energy, Inc.(REI)Earnings, Financials & Key Ratios

REI•AMEX
$1.11
Price updated Jul 7, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryU.S. conventional mature field operators
AboutRing Energy, Inc., an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company's proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico. Ring Energy, Inc. primarily sells its oil and natural gas production to end users, marketers, and other purchasers. The company was formerly known as Transglobal Mining Corp. and changed its name to Ring Energy, Inc. in March 2008. Ring Energy, Inc. was incorporated in 2004 and is headquartered in The Woodlands, Texas.Show more
  • Revenue$307M-16.1%
  • EBITDA$172M-25.6%
  • Net Income-$35M-151.5%
  • EPS (Diluted)-0.17-150.0%
  • Gross Margin60.7%+35.7%
  • EBITDA Margin56.12%-11.2%
  • Operating Margin24.25%-33.2%
  • Net Margin-11.31%-161.4%
  • ROE-4.1%-150.0%

REI Price & Volume

Ring Energy, Inc. (REI) stock price & volume — 10-year historical chart

Loading chart...

Operational Volatility Threatens Ring Energy Solvency

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Liquidity and solvency risk

Key Thesis Takeaways

  • Ring Energy faces a precarious outlook characterized by severe liquidity constraints and significant asset valuation uncertainty, as evidenced by the collapse of net PPE from $1.4 billion to $4.6 million in recent quarters.
  • The company's inability to maintain consistent profitability, coupled with a rigid SG&A cost structure, suggests that core operations are struggling to generate sufficient returns in the current commodity price environment.
  • Investors should exercise extreme caution given the $428.4 million debt burden and the company's reliance on external credit to offset negative free cash flow.

Verdict Logic

the company's precarious liquidity position, evidenced by a cash balance of less than $1 million and a negative net margin of -11.31%, presents an unacceptable risk profile for most institutional investors.

REI Growth Metrics

Ring Energy, Inc. (REI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years25.77%
5 Years22.14%
3 Years-4%
TTM-35%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-472.1%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-462.74%

Return on Capital

10 Years2.73%
5 Years13.13%
3 Years9.35%
Last Year5.49%

REI Recent Earnings

Ring Energy, Inc. (REI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.04+33.3%
$0.03
Rev
$74M+5.4%
$70M
Q2 2026
Mar 4, 2026
Metric
Actual
Est
EPS
$0.02+100.0%
$0.01
Rev
$67M-6.2%
$71M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.06+20.0%
$0.05
Rev
$79M+4.1%
$76M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.10+900.0%
$0.01
Rev
$83M-0.8%
$83M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.04vs $0.03+33.3%
$74Mvs $70M+5.4%
Q2 2026Mar 4, 2026
$0.02vs $0.01+100.0%
$67Mvs $71M-6.2%
Q4 2025Nov 6, 2025
$0.06vs $0.05+20.0%
$79Mvs $76M+4.1%
Q3 2025Aug 6, 2025
$0.10vs $0.01+900.0%
$83Mvs $83M-0.8%
Based on last 12 quarters of dataView full earnings history →

Latest REI News

Recent stock market news and headlines for Ring Energy, Inc. (REI)

GlobeNewsWire·6 days ago
Ring Energy Announces Debt Paydown, Reaffirmation of Borrowing Base and Enhanced Liquidity Position

THE WOODLANDS, Texas, July 02, 2026 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has recently paid down debt by $66 million and that its $1.0 billion senior revolving credit facility (the “Credit Facility”) has been amended and its borrowing base reaffirmed at $585 million following the Company's most recent semi-annual redetermination. Ring's next borrowing base redetermination is scheduled for fall 2026.

GlobeNewsWire·Jun 29, 2026
Ring Energy Joins Russell 3000® Index

THE WOODLANDS, Texas, June 29, 2026 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has been added as a member of the broad-market Russell 3000® Index, effective when the U.S. market opens on June 29, 2026, as part of the first 2026 Russell indexes reconstitution.

Zacks Investment Research·Jun 24, 2026
Zacks Industry Outlook APA , W&T and Ring

APA , W&T and Ring have been highlighted in this Industry Outlook article.

Zacks Investment Research·Jun 23, 2026
3 US E&P Stocks Backed by Rising 2026 Earnings Outlooks

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise tracking shares of APA, WTI and REI.

Zacks Investment Research·Jun 19, 2026
Is Ring Energy (REI) Stock Outpacing Its Oils-Energy Peers This Year?

Here is how Ring Energy (REI) and Siemens Energy AG Unsponsored ADR (SMERY) have performed compared to their sector so far this year.

Peers Comparison

Key metrics vs top competitors for Ring Energy, Inc. (REI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
REI logoREIRing Energy, Inc.Current
$1.11$232.43M-6.53-16.15%-11.31%-4.1%—
CIVI logoCIVICivitas Resources, Inc.
$27.38$2.34B3.2449.76%13.56%9.55%—
BATL logoBATLBattalion Oil Corporation
$1.78$29.72M-0.79-14.92%-32.13%-38.74%—
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.75$192.85M3.8936.55%-19.55%-3.39%—
MTDR logoMTDRMatador Resources Company
$52.14$6.48B8.565.1%14.38%8.23%—
KLXE logoKLXEKLX Energy Services Holdings, Inc.
$2.48$49.38M-0.60-10.25%-11.67%——

Compare REI vs Peers

Ring Energy, Inc. (REI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIVI

Most directly comparable listed peer for REI.

Scale Benchmark

vs XOM

Larger-name benchmark to compare REI against a more recognizable public peer.

Peer Set

Compare Top 5

vs CIVI, BATL, TPVG, MTDR

REI SEC Filings & Documents

Ring Energy, Inc. (REI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Mar 6, 2026·SEC

Material company update

Mar 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 4, 2026·SEC

FY 2025

Mar 5, 2025·SEC

FY 2024

Mar 7, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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REI Frequently Asked Questions

Ring Energy, Inc. (REI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Ring Energy, Inc.'s revenue?

Ring Energy, Inc. (REI) reported $228.1M in revenue for fiscal year 2025.

How fast is Ring Energy, Inc. growing?

Ring Energy, Inc. (REI) saw revenue decline by 16.1% over the past year.

Is REI profitable?

Ring Energy, Inc. (REI) reported a net loss of $264.4M for fiscal year 2025.

Dividend & Returns
What is REI's return on equity?

Ring Energy, Inc. (REI) has a return on equity (ROE) of -4.1%. Negative ROE indicates the company is unprofitable.

What is Ring Energy, Inc.'s free cash flow?

Ring Energy, Inc. (REI) had negative free cash flow of $25.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in REI back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →