Ring Historical Income Statement

REI Stock

USD 1.50 0.01 0.67%

Historical analysis of Ring Energy income statement accounts such as EBITDA of 250.9 M, Total Operating Expenses of 225 M, Income Before Tax of 110.2 M or Net Income of 110.1 M can show how well Ring Energy performed in making a profits. Evaluating Ring Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ring Energy's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Ring Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ring Energy is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ring Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.

About Ring Income Statement Analysis

Ring Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ring Energy shareholders. The income statement also shows Ring investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Ring Energy Income Statement Chart

As of now, Ring Energy's EBIT is increasing as compared to previous years. The Ring Energy's current EBITDA is estimated to increase to about 250.9 M, while Total Other Income Expense Net is forecasted to increase to (38.8 M).

Other Operating Expenses Ebit Total Operating Expenses Selling General Administrative Selling And Marketing Expenses Research Development

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ring Energy. It is also known as Ring Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from Ring Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ring Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ring Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.As of now, Ring Energy's EBIT is increasing as compared to previous years. The Ring Energy's current EBITDA is estimated to increase to about 250.9 M, while Total Other Income Expense Net is forecasted to increase to (38.8 M).

	2021	2022	2023	2024 (projected)
Other Operating Expenses	100.5M	155.5M	215.3M	226.0M
Interest Expense	14.5M	23.2M	43.9M	46.1M

Other Operating Expenses Interest Expense

Ring Energy income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Cost Of Revenue	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.94	0.84	0.49	0.67	0.91	0.39	-0.42	0.39	0.1	0.94	0.91	0.4	0.93	0.93	0.82	0.39	-0.31	0.88	0.27	0.2	-1.0	0.87	0.82
Other Operating Expenses	0.94		0.86	0.52	0.71	0.82	0.41	-0.48	0.41	0.24	1.0	0.98	0.46	0.97	0.93	0.95	0.4	-0.34	0.9	0.46	0.26	-0.94	0.92	0.72
Operating Income	0.84	0.86		0.69	0.8	0.67	0.66	-0.5	0.64	0.45	0.83	0.87	0.31	0.94	0.95	0.83	0.64	-0.54	0.79	0.56	0.57	-0.84	0.8	0.57
Ebit	0.49	0.52	0.69		0.97	0.56	0.98	-0.46	0.99	0.37	0.5	0.52	0.2	0.64	0.72	0.42	0.98	-0.49	0.29	0.41	0.42	-0.48	0.48	0.51
Ebitda	0.67	0.71	0.8	0.97		0.69	0.93	-0.51	0.93	0.37	0.69	0.7	0.3	0.79	0.85	0.61	0.93	-0.49	0.48	0.46	0.4	-0.66	0.65	0.63
Total Operating Expenses	0.91	0.82	0.67	0.56	0.69		0.46	-0.31	0.47	0.01	0.84	0.75	0.39	0.78	0.83	0.6	0.47	-0.22	0.64	0.13	-0.05	-0.9	0.75	0.94
Income Before Tax	0.39	0.41	0.66	0.98	0.93	0.46		-0.36	1.0	0.48	0.39	0.41	0.13	0.55	0.63	0.33	1.0	-0.48	0.19	0.47	0.43	-0.38	0.39	0.42
Total Other Income Expense Net	-0.42	-0.48	-0.5	-0.46	-0.51	-0.31	-0.36		-0.39	0.19	-0.44	-0.5	-0.26	-0.56	-0.56	-0.5	-0.38	0.85	-0.54	-0.01	-0.22	0.43	-0.39	-0.26
Net Income	0.39	0.41	0.64	0.99	0.93	0.47	1.0	-0.39		0.41	0.39	0.41	0.14	0.54	0.64	0.31	1.0	-0.49	0.18	0.4	0.42	-0.39	0.38	0.44
Income Tax Expense	0.1	0.24	0.45	0.37	0.37	0.01	0.48	0.19	0.41		0.23	0.25	0.01	0.29	0.25	0.33	0.41	-0.16	0.14	0.93	0.28	-0.11	0.26	-0.03
Depreciation And Amortization	0.94	1.0	0.83	0.5	0.69	0.84	0.39	-0.44	0.39	0.23		0.97	0.46	0.96	0.91	0.94	0.38	-0.31	0.88	0.45	0.2	-0.93	0.92	0.73
Selling General Administrative	0.91	0.98	0.87	0.52	0.7	0.75	0.41	-0.5	0.41	0.25	0.97		0.51	0.97	0.93	0.96	0.4	-0.34	0.9	0.47	0.38	-0.91	0.89	0.64
Selling And Marketing Expenses	0.4	0.46	0.31	0.2	0.3	0.39	0.13	-0.26	0.14	0.01	0.46	0.51		0.42	0.39	0.43	0.14	-0.14	0.36	0.14	0.03	-0.39	0.36	0.32
Total Revenue	0.93	0.97	0.94	0.64	0.79	0.78	0.55	-0.56	0.54	0.29	0.96	0.97	0.42		0.98	0.93	0.53	-0.46	0.88	0.48	0.43	-0.93	0.89	0.68
Gross Profit	0.93	0.93	0.95	0.72	0.85	0.83	0.63	-0.56	0.64	0.25	0.91	0.93	0.39	0.98		0.85	0.63	-0.48	0.82	0.41	0.43	-0.93	0.85	0.74
Cost Of Revenue	0.82	0.95	0.83	0.42	0.61	0.6	0.33	-0.5	0.31	0.33	0.94	0.96	0.43	0.93	0.85		0.3	-0.36	0.91	0.57	0.38	-0.82	0.88	0.49
Net Income From Continuing Ops	0.39	0.4	0.64	0.98	0.93	0.47	1.0	-0.38	1.0	0.41	0.38	0.4	0.14	0.53	0.63	0.3		-0.48	0.17	0.4	0.42	-0.38	0.37	0.44
Non Operating Income Net Other	-0.31	-0.34	-0.54	-0.49	-0.49	-0.22	-0.48	0.85	-0.49	-0.16	-0.31	-0.34	-0.14	-0.46	-0.48	-0.36	-0.48		-0.4	-0.24	-0.16	0.32	-0.27	-0.19
Non Recurring	0.88	0.9	0.79	0.29	0.48	0.64	0.19	-0.54	0.18	0.14	0.88	0.9	0.36	0.88	0.82	0.91	0.17	-0.4		0.35	0.27	-0.89	0.85	0.54
Tax Provision	0.27	0.46	0.56	0.41	0.46	0.13	0.47	-0.01	0.4	0.93	0.45	0.47	0.14	0.48	0.41	0.57	0.4	-0.24	0.35		0.32	-0.27	0.44	0.07
Interest Income	0.2	0.26	0.57	0.42	0.4	-0.05	0.43	-0.22	0.42	0.28	0.2	0.38	0.03	0.43	0.43	0.38	0.42	-0.16	0.27	0.32		-0.22	0.26	-0.1
Net Interest Income	-1.0	-0.94	-0.84	-0.48	-0.66	-0.9	-0.38	0.43	-0.39	-0.11	-0.93	-0.91	-0.39	-0.93	-0.93	-0.82	-0.38	0.32	-0.89	-0.27	-0.22		-0.89	-0.83
Reconciled Depreciation	0.87	0.92	0.8	0.48	0.65	0.75	0.39	-0.39	0.38	0.26	0.92	0.89	0.36	0.89	0.85	0.88	0.37	-0.27	0.85	0.44	0.26	-0.89		0.76
Extraordinary Items	0.82	0.72	0.57	0.51	0.63	0.94	0.42	-0.26	0.44	-0.03	0.73	0.64	0.32	0.68	0.74	0.49	0.44	-0.19	0.54	0.07	-0.1	-0.83	0.76

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Ring Energy Account Relationship Matchups

Ring Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	13.9M	17.6M	14.5M	23.2M	43.9M	46.1M
Other Operating Expenses	135.6M	104.2M	100.5M	155.5M	215.3M	226.0M
Operating Income	60.1M	8.8M	95.8M	191.7M	145.8M	153.1M
Ebit	60.1M	(241.8M)	17.9M	170.2M	148.9M	156.4M
Ebitda	116.4M	(197.9M)	55.8M	226.9M	239.0M	250.9M
Total Operating Expenses	20.8M	17.8M	16.8M	28.4M	214.3M	225.0M
Income Before Tax	43.3M	(259.4M)	3.4M	147.0M	105.0M	110.2M
Total Other Income Expense Net	(16.9M)	9.2M	(92.3M)	(44.7M)	(40.8M)	(38.8M)
Net Income	29.5M	(253.4M)	3.3M	138.6M	104.9M	110.1M
Income Tax Expense	13.8M	(6.0M)	90.3K	8.4M	125.2K	119.0K
Depreciation And Amortization	56.2M	43.9M	37.9M	56.7M	90.0M	94.5M
Selling General Administrative	19.9M	16.9M	16.1M	27.5M	29.2M	30.6M
Total Revenue	195.7M	113.0M	196.3M	347.2M	361.1M	379.1M
Gross Profit	80.9M	26.6M	112.6M	220.2M	245.7M	258.0M
Cost Of Revenue	114.8M	86.4M	83.7M	127.1M	115.4M	121.2M
Net Income From Continuing Ops	29.5M	(253.4M)	3.3M	138.6M	104.9M	110.1M
Non Operating Income Net Other	(3.0M)	26.9M	(77.9M)	(21.5M)	(19.4M)	(18.4M)
Net Income Applicable To Common Shares	29.5M	(253.4M)	3.3M	138.6M	159.4M	167.4M
Tax Provision	13.8M	(6.0M)	90.3K	8.4M	125.2K	119.0K
Interest Income	13.5K	8.0	1.0	44.7M	257.2K	244.3K
Net Interest Income	(13.9M)	(17.6M)	(14.5M)	(23.2M)	(43.7M)	(41.5M)
Reconciled Depreciation	56.2M	43.0M	37.2M	55.7M	88.6M	53.5M

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When determining whether Ring Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ring Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ring Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ring Energy Stock:

How To Invest In Ring

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Is Ring Stock a good investment?

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What is Ring Energy's Net Worth?

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For more detail on how to invest in Ring Stock please use our How to Invest in Ring Energy guide.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ring Energy. If investors know Ring will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ring Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.26)

Earnings Share

0.57

Revenue Per Share

1.853

Quarterly Revenue Growth

(0.04)

Return On Assets

0.0829

The market value of Ring Energy is measured differently than its book value, which is the value of Ring that is recorded on the company's balance sheet. Investors also form their own opinion of Ring Energy's value that differs from its market value or its book value, called intrinsic value, which is Ring Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ring Energy's market value can be influenced by many factors that don't directly affect Ring Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ring Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ring Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ring Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Ring Historical Income Statement

About Ring Income Statement Analysis

Ring Energy Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Ring Energy income statement Correlations

Ring Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ring Energy income statement Accounts

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COMMON DESTINATIONS

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COMPANY

Depreciation And Amortization	+ 1.0	Other Operating Expenses
Net Income	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Income Before Tax
Net Income From Continuing Ops	+ 1.0	Net Income
Net Income	+ 0.99	Ebit
Selling General Administrative	+ 0.98	Other Operating Expenses

Net Interest Income	- 1.0	Interest Expense
Net Interest Income	- 0.94	Other Operating Expenses
Net Interest Income	- 0.93	Gross Profit
Net Interest Income	- 0.93	Total Revenue
Net Interest Income	- 0.93	Depreciation And Amortization
Net Interest Income	- 0.91	Selling General Administrative