Detail akcie Ring Energy online

Business Summary: Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform (CBP), in the Permian Basin in Texas. Its drilling operations target the oil and liquids rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 111,714 gross (96,234 net) acres and it held interests in 919 gross (758 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 59% consisting of oil, 19% consisting of natural gas, and 22% consisting of natural gas liquids. Of those reserves, approximately 68% of the reserves are classified as proved developed and 32% are classified as proved undeveloped.
Financial Summary: BRIEF: For the three months ended 31 March 2026, Ring Energy Inc revenues decreased 7% to $73.7M. Net loss totaled $220.6M vs. income of $9.1M. Revenues reflect Oil segment decrease of less than 1% to $76.2M. Net loss reflects Unrealized gain (loss) on Crude oil decrease from $2.3M (income) to $79.8M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $0.04571 to -$1.0577.