10-K · March 4, 2026
Ring Energy’s 10-K emphasizes a strategy of developing its Permian Basin acreage and pursuing accretive acquisitions to increase stockholder value, citing 153,277,821 Boe of proved reserves and a pre-tax PV-10 of…
Earnings analysis · 10-Q
REI earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Ring Energy's Q1 2026 results indicate continued challenges, with revenue decreasing to $67M from $79M in the previous quarter, and a diluted EPS loss of -$0.06, down from a loss of -$0.25 in Q4 2025. Free cash flow has…
Read full summary
Ring Energy's Q1 2026 results indicate continued challenges, with revenue decreasing to $67M from $79M in the previous quarter, and a diluted EPS loss of -$0.06, down from a loss of -$0.25 in Q4 2025. Free cash flow has improved to $19M, reflecting ongoing operational adjustments.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.06
- Operating margin
- -37.6%
What stood out
-
Revenue Dipped
Q1 2026 revenue declined to $67 million, a decrease from $79 million in Q4 2025.
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Negative EPS Consistency
Reported diluted EPS was -$0.06 for Q1 2026, continuing the trend of losses with -$0.25 reported in Q4 2025.
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Improvement in Free Cash Flow
Generated free cash flow of $19 million in Q1 2026, up from -$3 million in Q1 2025.
-
Stable Operating Margin
Operating margins remained negative but improved to -37.6% in Q1 2026 from -70.0% in Q3 2025.
What to watch
-
Ongoing Net Loss
The company reported a net loss of $12.8 million for Q4 2025, raising concerns about profitability.
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Weak Revenue Trends
Quarterly revenue has consistently declined from $89 million in 2024Q3 to $67 million in Q1 2026.
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Potential for Increased Volatility
Recent geopolitical tensions may exacerbate operational risks and affect prices.
Management's outlook
Outlook for revenue and EPS continued to lack numeric guidance in the filing.
Earlier filings 4
10-Q · May 7, 2025
Ring Energy reported Q1 revenue of $79,091,000 and diluted EPS of $0.05, missing consensus revenue ($82,760,000) and EPS ($0.06). Operating margin remained 28.3% while free cash flow was negative $3,000,000 for the…
10-Q · November 6, 2024
Ring Energy reported Q3 revenue of $89,244,000 (quarter ended September 30, 2024), beating consensus of $86,740,000 by $2,504,000 (+2.89%); diluted EPS was $0.07, in line with the $0.07 estimate. The 10-Q contains no…
10-Q · August 6, 2024
Ring Energy reported quarterly revenue of $99,139,000 and diluted EPS of $0.12 for the quarter ended June 30, 2024. Operating margin improved to 42.2% while gross margin remained at 100.0%; free cash flow rose to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.