Ring Energy, Inc.

NYSE American REI

Ring Energy, Inc. Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2024: USD 289.57 M

Ring Energy, Inc. Gross Profit is USD 289.57 M for the Trailing 12 Months (TTM) ending September 30, 2024, a 26.91% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Ring Energy, Inc. Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2023 was USD 228.18 M, a 12.79% change year over year.
  • Ring Energy, Inc. Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2022 was USD 202.29 M, a 140.59% change year over year.
  • Ring Energy, Inc. Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2021 was USD 84.08 M, a 105.82% change year over year.
  • Ring Energy, Inc. Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2020 was USD 40.85 M, a -38.01% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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NYSE American: REI

Ring Energy, Inc.

CEO Mr. Paul D. McKinney
IPO Date April 10, 2007
Location United States
Headquarters 1725 Hughes Landing Boulevard
Employees 108
Sector Energy
Industries
Description

Ring 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.

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StockViz Staff

January 15, 2025

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