Filing Flows › Ring Energy (REI) › Q1 2026
Ring Energy (REI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Ring Energy (REI) reported revenue of $73.7M for the first quarter 2026 (Q1 2026), -7% from a year earlier and +10% from the quarter before. Operating margin was -192.5%, net loss $221M (299.4% of revenue).
Ring Energy, Q1 2026: revenue $73.7M (-7% year over year), operating margin -192.5%, net loss $221M, operating cash flow $25.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.7M | +10% | -7% |
| Operating profit | −$142M | — | -734% |
| Net earnings | −$221M | — | -2521% |
| Operating cash flow | $25.9M | -42% | -9% |
What changed
Revenue was $73.7M in Q1 2026, down 7% year over year and up 10% from the previous quarter.
Operating costs exceeded revenue by $141.8M, an operating margin of -192.5%. Total costs grew 280% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+332%). The quarter ended with a net loss of $220.6M, wider than the previous quarter's $12.8M loss.
Operating cash flow was $25.9M (down 9% year over year). Non-cash charges added back $21.4M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $223.6M. Capital expenditures of $32.5M exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Ring Energy's revenue in the first quarter 2026?
Ring Energy (REI) reported revenue of $73.7M for the first quarter 2026 (Q1 2026), -7% from a year earlier and +10% from the quarter before.
Was Ring Energy profitable in the first quarter 2026?
Operating loss was $142M (-192.5% of revenue) and net loss $221M.
Source: Ring Energy 10-Q on SEC EDGAR.