Ring energy, inc. (REI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Apr'11Mar'11Sep'10Jun'10
Oil and Gas Revenues

39,570

52,231

50,339

51,334

41,798

27,561

32,687

29,924

29,891

23,308

16,643

14,503

12,243

9,830

7,822

7,104

6,092

7,362

8,629

8,976

6,045

9,984

10,929

11,204

5,970

5,051

2,820

1,291

1,151

712

374

342

328

213

162

12

96

2

1

-

Costs and Operating Expenses
Oil and gas production costs

10,378

12,040

15,478

11,569

9,408

8,163

7,217

6,638

5,781

5,496

4,261

3,514

2,705

2,848

2,329

2,200

2,490

2,967

2,917

2,206

1,867

1,796

1,347

1,077

771

560

291

214

141

193

216

218

157

0

-8

8

-

-0

-3

-1

Revenue from oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Lease operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

-

-

-

Oil and gas production taxes

1,870

2,327

2,307

2,412

2,082

1,225

1,551

1,428

1,425

1,090

787

691

583

472

389

344

299

357

410

422

277

463

504

517

275

233

130

59

53

33

17

15

16

10

7

0

4

-

-

-

Oil and gas production costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

-

-

-

-

-

Depreciation, depletion and amortization

13,682

14,544

14,115

14,615

12,929

10,448

10,930

9,144

8,501

7,084

4,823

5,136

3,474

2,941

2,568

2,579

3,394

3,648

4,668

3,205

3,654

2,304

4,494

3,477

1,530

626

917

396

343

213

117

94

81

38

49

1

2

0

0

0

Ceiling test impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9,648

25,451

21,412

9,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligation accretion

231

262

236

229

215

113

167

164

161

147

109

173

137

-

-

-

109

-

-

-

66

-

-

-

-

-

-

11

-

-

-

4

4

-

-

-

3

-

-

-

Lease expense

289

554

114

128

128

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

124

-

-

103

79

-

-

42

37

24

-

13

-

11

-

4

-

-

-

1

0

-

-

-

-

Results from oil and gas operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-1

-0

Accounting and legal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

2

1

Advertising and promotion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Consulting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

0

0

Management and director fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

3

3

Transfer agent and filing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

3

3

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

General and administrative expense

3,035

4,579

3,745

4,743

6,798

3,425

3,205

3,151

3,085

2,939

2,369

2,366

2,841

2,004

1,882

1,920

2,220

2,220

2,002

2,043

1,728

1,787

1,816

1,634

1,564

2,004

1,611

1,499

1,567

566

671

497

657

281

123

22

6

26

10

10

Total Costs and Operating Expenses

29,488

34,309

35,996

33,697

31,562

37,548

23,072

20,527

18,956

16,758

12,351

11,881

9,740

8,392

16,943

32,620

29,925

18,673

10,102

7,957

7,595

6,402

8,205

6,744

4,166

3,441

2,964

2,181

2,117

1,013

1,027

830

917

446

234

34

88

-

-

-

Non-refundable transaction fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Income from Operations

10,081

17,922

14,342

17,636

10,235

-9,986

9,615

9,397

10,935

6,550

4,292

2,621

2,502

1,438

-9,121

-25,516

-23,833

-11,311

-1,473

1,019

-1,549

3,582

2,724

4,459

1,804

-

-

-

-

-

-

-

-

-

-

-

8

-24

-11

-10

Other Income (Expense)
Gain on derivative put options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

40

52

-

29

-

0

-

-

-

Gain on change in value of Ring Energy, Inc. common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Non-refundable transaction fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

-

0

-

-

-

Interest income

0

0

0

1

12

0

5

82

8

41

85

47

116

-26

6

74

2

4

1

0

0

7

16

19

42

-

12

0

-

-

2

-

-

-

0

-

0

-

-

-

Dividend and interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

Interest expense

4,248

4,276

4,556

4,259

773

342

40

0

44

0

0

0

0

51

95

86

415

319

350

79

0

-

0

0

-

-

-

-

-

440

-33

-94

-93

-54

-30

-8

0

0

0

0

Realized gain on derivatives

3,334

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

-

Realized (loss) on derivatives

-

-

0

0

-

4,553

2,722

2,402

1,475

119

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on change in fair value of derivatives

47,086

-6,066

1,877

1,530

-340

6,424

-566

-1,099

-790

-4,034

65

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on change in fair value of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment of oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-22

Net Other Income (Expense)

46,172

-10,343

-2,679

-2,728

-1,101

1,528

-3,324

-3,418

-2,301

-4,112

151

47

116

-78

-89

-12

-412

-315

-348

-79

0

7

16

19

42

-

12

0

-

-

-

-53

-41

388

4

-3

0

0

0

-21

Income before tax provision

56,254

7,578

11,663

14,907

9,134

-8,457

6,290

5,978

8,633

2,438

4,443

2,668

2,619

1,359

-9,210

-25,528

-24,246

-11,626

-1,822

940

-1,548

3,589

2,740

4,478

1,847

1,612

-131

-890

-965

-

-

-

-

-

-

-

8

-

-10

-32

Provision for Income Taxes

12,449

2,552

2,805

3,565

4,864

-1,378

596

1,259

2,968

6,948

1,369

758

1,340

1,836

-3,266

-9,586

-8,971

-4,153

-684

406

-572

881

1,013

1,657

683

-

0

0

-

-

-

-

-

-

-

-

0

-

0

0

Net Other Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-

-

-

198

-

-

-

-

-

Net Income

43,804

5,026

8,858

11,342

4,269

-7,079

5,693

4,719

5,665

-4,509

3,073

1,910

1,279

-477

-5,944

-15,941

-15,275

-7,473

-1,138

534

-975

2,708

1,726

2,821

1,163

1,534

-131

-890

-965

133

-631

-541

-630

-

126

-

-

-23

-

-

Basic Income per Share

0.64

0.07

0.13

0.17

0.07

-0.12

0.09

0.08

0.10

-0.10

0.06

0.04

0.03

0.08

-0.14

-0.41

-0.50

-0.26

-0.04

0.02

-0.04

0.10

0.07

0.12

0.05

-

-0.01

-0.06

-

-

-0.06

-

-

-

0.02

0.00

-

-

-

-0.01

Net Income (Loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

393

-305

-25

8

-

-10

-32

Basic Earnings (Loss) per Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.07

-

-

-

-

-

-

-

0.00

-0.01

0.00

-

Diluted Income per Share

0.64

0.07

0.13

0.17

0.07

-0.12

0.09

0.08

0.10

-0.10

0.06

0.04

0.03

0.08

-0.14

-0.41

-0.50

-0.26

-0.04

0.02

-0.04

0.11

0.06

0.11

0.05

0.11

-0.01

-0.06

-0.07

-

-0.06

-

-

-

0.02

0.00

-

-

-

-

Basic Loss per Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.15

-0.18

-

-

-

-

-

-

-

Diluted Loss per Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.15

-0.18

-

-

-

-

-

-

-

Weighted average number of common shares outstanding, basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,548

3,548

-

Weighted average number of common shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,548