Filing Flows › Ring Energy (REI) › Q2 2026
Ring Energy (REI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Ring Energy (REI) reported revenue of $105M for the second quarter 2026 (Q2 2026), +27% from a year earlier and +42% from the quarter before. Operating margin was 48.0%, net earnings $64.8M (61.9% of revenue).
Ring Energy, Q2 2026: revenue $105M (+27% year over year), operating margin 48.0%, net earnings $64.8M, operating cash flow $40.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | +42% | +27% |
| Operating profit | $50.3M | — | +114% |
| Net earnings | $64.8M | — | +214% |
| Operating cash flow | $40.8M | +58% | +23% |
| Free cash flow | $861K | — | -94% |
What changed
Revenue was $104.7M in Q2 2026, up 27% year over year and up 42% from the previous quarter.
Operating profit was $50.3M, a 48.0% margin (up 19.6 points year over year). Of the extra revenue versus Q2 2025, 121% reached operating profit, above the 28% margin then. Total costs fell 8% while revenue rose 27%. The fastest-growing cost line was General & admin (+11%). Net earnings were $64.8M, up 214% year over year. The effective tax rate was 1.7%. Non-operating items added $15.6M, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $40.8M (up 23% year over year), 63% of net earnings. Non-cash charges added back $20.1M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $46.3M. Capital expenditures of $39.9M left free cash flow of $861K.
Questions
What was Ring Energy's revenue in the second quarter 2026?
Ring Energy (REI) reported revenue of $105M for the second quarter 2026 (Q2 2026), +27% from a year earlier and +42% from the quarter before.
Was Ring Energy profitable in the second quarter 2026?
Operating profit was $50.3M (48.0% of revenue) and net earnings $64.8M.
Source: Ring Energy 10-Q on SEC EDGAR.