Ring energy, inc. (REI)
Income statement / TTM
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

193,474

195,702

171,033

153,381

131,972

120,065

115,812

99,768

84,347

66,699

53,221

44,400

37,001

30,850

28,381

29,188

31,060

31,013

33,636

35,937

38,164

38,089

33,155

25,046

15,134

10,315

5,976

3,530

2,581

1,757

1,258

1,046

716

391

179

0

0

0

0

-

Costs and Operating Expenses
Oil and gas production costs

49,465

48,496

44,619

36,359

31,428

27,801

25,134

22,178

19,054

15,978

13,329

11,397

10,082

9,867

9,987

10,575

10,581

9,958

8,787

7,218

6,089

4,993

3,757

2,700

1,837

1,207

840

766

770

785

592

366

157

-0

-4

3

-

0

0

0

Revenue from oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Lease operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Oil and gas production taxes

8,917

9,130

8,028

7,271

6,288

5,631

5,496

4,733

3,995

3,152

2,534

2,135

1,788

1,504

1,390

1,411

1,490

1,468

1,573

1,667

1,761

1,760

1,530

1,157

699

476

276

163

119

82

60

50

35

22

0

0

0

-

-

-

Oil and gas production costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Depreciation, depletion and amortization

56,958

56,204

52,108

48,923

43,452

39,024

35,660

29,552

25,545

20,517

16,374

14,119

11,562

11,483

12,190

14,290

14,916

15,175

13,832

13,659

13,931

11,807

10,129

6,551

3,470

2,284

1,871

1,071

769

506

331

263

170

89

50

1

0

0

0

0

Ceiling test impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

56,513

65,825

56,176

30,724

9,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset retirement obligation accretion

959

943

794

725

661

606

640

583

591

567

0

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

0

-

-

-

0

0

-

-

-

0

-

-

-

Lease expense

1,086

925

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

0

-

0

-

0

-

0

-

-

-

0

0

-

-

-

-

Results from oil and gas operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounting and legal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Advertising and promotion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Consulting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Management and director fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Transfer agent and filing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

General and administrative expense

16,104

19,866

18,712

18,171

16,579

12,867

12,381

11,545

10,760

10,515

9,580

9,093

8,648

8,027

8,243

8,363

8,486

7,995

7,562

7,376

6,967

6,803

7,019

6,814

6,679

6,682

5,245

4,305

3,303

2,392

2,107

1,560

1,085

455

183

69

0

0

0

0

Total Costs and Operating Expenses

133,492

135,566

138,806

125,881

112,710

100,104

79,313

68,593

59,947

50,732

42,367

46,959

67,698

87,883

98,163

91,322

66,659

44,328

32,057

30,160

28,948

25,519

22,557

17,316

12,753

10,705

8,277

6,340

4,989

3,789

3,222

2,428

1,632

803

0

0

0

-

-

-

Non-refundable transaction fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Income from Operations

59,982

60,136

32,227

27,500

19,261

19,960

36,498

31,175

24,399

15,967

10,854

-2,558

-30,696

-57,032

-69,781

-62,134

-35,598

-13,314

1,579

5,776

9,216

12,570

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Other Income (Expense)
Gain on derivative put options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176

0

0

-

0

-

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Non-refundable transaction fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

Interest income

1

13

13

19

101

97

139

219

183

291

222

143

170

56

87

83

9

6

10

24

44

85

90

74

0

-

0

0

-

-

0

-

-

-

0

-

0

-

-

-

Dividend and interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest expense

17,341

13,865

9,931

5,416

1,156

427

85

44

44

0

51

146

233

649

917

1,172

1,164

749

429

79

0

-

0

0

-

-

-

-

-

218

-276

-273

-188

-94

-39

-8

0

0

0

0

Realized gain on derivatives

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Realized (loss) on derivatives

-

-

4,553

7,276

-

11,153

6,720

3,997

1,594

119

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

44,427

-3,000

9,491

7,047

4,418

3,968

-6,490

-5,858

-4,758

-3,968

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on change in fair value of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment of oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net Other Income (Expense)

30,421

-16,852

-4,980

-5,625

-6,315

-7,515

-13,156

-9,681

-6,215

-3,797

237

-3

-63

-592

-829

-1,088

-1,155

-742

-419

-54

44

85

90

74

0

-

0

0

-

-

-

298

348

390

2

-23

0

0

0

0

Income before tax provision

90,404

43,284

27,247

21,874

12,945

12,445

23,341

21,494

18,184

12,170

11,091

-2,562

-30,759

-57,625

-70,611

-63,223

-36,753

-14,056

1,159

5,722

9,260

12,656

10,679

7,807

2,437

-374

0

0

0

-

-

-

-

-

-

-

0

-

0

0

Provision for Income Taxes

21,372

13,787

9,856

7,648

5,342

3,445

11,772

12,545

12,044

10,416

5,305

668

-9,676

-19,987

-25,977

-23,395

-13,401

-5,003

30

1,728

2,979

4,235

3,354

2,340

0

-

0

0

-

-

-

-

-

-

-

-

0

-

0

0

Net Other Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

Net Income

69,031

29,496

17,390

14,226

7,603

8,999

11,569

8,949

6,140

1,753

5,786

-3,231

-21,083

-37,637

-44,633

-39,827

-23,352

-9,052

1,128

3,993

6,281

8,420

7,246

5,388

1,676

-452

-1,853

-2,353

-2,004

-1,669

0

0

0

-

0

-

-

0

-

-

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)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

-339

0

0

-

0

0

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