For Q1 FY2026 ended March 31, 2026, Ring Energy reported revenue of $73.7 million, down 6.9% year-over-year. Net loss was $220.6 million, compared to a loss of $8.4 million in the prior year quarter, driven by a 734% decline in operating income. Diluted EPS was -$1.06, down from -$0.05. Cash stood at $1.0 million, and equity was $622.0 million.
•Revenue decreased 6.9% YoY to $73.7 million.
•Net loss widened to $220.6 million from $8.4 million.
•Operating income fell 734% to a loss of $141.8 million.
•Diluted EPS was -$1.06, compared to -$0.05 in Q1 FY2025.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Ring Energy, Inc., an independent oil and natural gas company provides the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 74,717 net developed acres and 4,366 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas 8,833 net developed acres and 8,318 net undeveloped acres in Yoakum County, Texas and Lea County, New Mexico.
It primarily sells its oil and natural gas production to end users, marketers, and purchasers. Founded in 2004 and headquartered in The Woodlands, Texas, Ring Energy was formerly known as Transglobal Mining Corp. before rebranding in March 2008.
Ring Energy, Inc. is an independent oil and natural gas company focused on the acquisition, exploration, development, and production of oil and natural gas properties. The company primarily targets the Permian Basin in West Texas and Southeast New Mexico. Its operations span across Andrews, Gaines, Crane, Ector, Winkler, Ward, and Yoakum counties in Texas, as well as Lea County in New Mexico. As of the latest data, Ring Energy holds interests in approximately 74,717 net developed acres and 4,366 net undeveloped acres in Texas, along with 8,833 net developed acres and 8,318 net undeveloped acres in the New Mexico and Texas region. The company sells its oil and natural gas production to end users, marketers, and purchasers.
Where is Ring Energy (REI) listed and what currency does it trade in?
Ring Energy, Inc. is listed on the NYSE American exchange under the ticker symbol REI. The company's stock trades in U.S. dollars (USD). As a U.S.-based company operating in the energy sector, its financial reporting and stock transactions are conducted in USD, providing clarity for investors trading on U.S. markets. The NYSE American exchange is known for listing smaller-cap companies, and Ring Energy's presence there allows it to access capital from a broad investor base while maintaining compliance with exchange listing standards.
What sector and industry does Ring Energy (REI) belong to?
Ring Energy operates within the Energy sector, specifically in the Oil & Gas E&P (Exploration and Production) industry. This means the company is involved in the upstream segment of the oil and gas value chain, focusing on finding, extracting, and producing crude oil and natural gas from subsurface reservoirs. As an independent E&P company, Ring Energy does not own refining or marketing operations but instead sells its production to third parties. The company's activities are concentrated in the Permian Basin, one of the most prolific oil-producing regions in the United States, which positions it within a highly competitive but resource-rich industry.
Where is Ring Energy headquartered and what is its history?
Ring Energy is headquartered in The Woodlands, Texas, a suburb of Houston. The company was founded in 2004 and originally operated under the name Transglobal Mining Corp. before rebranding to Ring Energy, Inc. in March 2008. This rebranding marked a strategic shift from mining to oil and gas exploration and production. The company's headquarters location in Texas places it at the heart of the U.S. energy industry, providing access to skilled labor, infrastructure, and proximity to its core operating areas in the Permian Basin. Ring Energy's history reflects a transformation from a mining-focused entity to a dedicated oil and gas producer.
How does Ring Energy (REI) generate revenue?
Ring Energy generates revenue primarily through the sale of crude oil and natural gas produced from its properties. The company's business model involves acquiring, exploring, developing, and producing oil and natural gas reserves. It sells its production to a diverse customer base including end users, marketers, and purchasers. Revenue is driven by the volume of hydrocarbons sold and the prevailing market prices for oil and natural gas. Key assets include interests in over 83,000 net developed acres and more than 12,600 net undeveloped acres across Texas and New Mexico. The company's focus on the Permian Basin, a low-cost and high-productivity region, supports its ability to generate cash flow from operations.