Filing Flows › Energy › Ring Energy (REI)
Ring Energy (REI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Ring Energy (REI) Q3 2026 earnings results →
Q3 2026 Revenue up 30% year over year to $102M · 16¢ of every $1 of revenue lost · operating margin 44.5%
Ring Energy made $102M in Q3 2026 (+30% Y/Y). Operating margin 44.5%, net loss $16.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $102.3M in Q3 2026, up 30% year over year and down 2% from the previous quarter.
Operating profit was $45.5M, a 44.5% margin (up 114.5 points year over year). Total costs fell 57% while revenue rose 30%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $16.6M, after a profit of $64.8M the previous quarter. Net interest and other expense of $60.7M was the main reason.
Operating cash flow was $63.1M (up 42% year over year). Non-cash charges added back $20.9M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $56.3M. Capital expenditures of $63.1M exceeded it, leaving free cash flow of −$77K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $102M | +30% | 44.5% | −$16.6M | $63.1M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $105M | +27% | 48.0% | $64.8M | $40.8M |
| Q1 2026 | 10-Q | May 6, 2026 | $73.7M | -7% | -192.5% | −$221M | $25.9M |
| Q4 2025 | 10-K | Mar 4, 2026 | $66.9M | -20% | -37.6% | −$12.8M | $44.7M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $78.6M | -12% | -70.0% | −$51.6M | $44.5M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $82.6M | -17% | 28.4% | $20.6M | $33.3M |
| Q1 2025 | 10-Q | May 7, 2025 | $79.1M | -16% | 28.3% | $9.1M | $28.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Ring Energy
Ring Energy, Inc., a Nevada corporation (“Ring,” “Ring Energy,” the “Company,” “we,” “us,” “our,” or similar terms), is a growth oriented independent oil and natural gas exploration and production company based in The Woodlands, Texas engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. Our 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.
In its own words, from its 10-K, filed Mar 4, 2026.
Ring Energy against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +30% against the peers' median +46%. Operating margin: 44.5% against the peers' median 33.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| REI Ring Energy | Q3 2026 | $102M | +30% | 44.5% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Ring Energy 10-Q on SEC EDGAR · CIK 1384195 · Crude Petroleum & Natural Gas
Guidance and outlook
13F: who owns REI and who is buying
More on REI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results