Filing Flows › Ring Energy (REI) › Q3 2025
Ring Energy (REI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Ring Energy (REI) reported revenue of $78.6M for the third quarter 2025 (Q3 2025), -12% from a year earlier and -5% from the quarter before. Operating margin was -70.0%, net loss $51.6M (65.7% of revenue).
Ring Energy, Q3 2025: revenue $78.6M (-12% year over year), operating margin -70.0%, net loss $51.6M, operating cash flow $44.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.6M | -5% | -12% |
| Operating profit | −$55.0M | -334% | — |
| Net earnings | −$51.6M | -350% | — |
| Operating cash flow | $44.5M | +34% | -13% |
| Free cash flow | $23.5M | +55% | +154% |
What changed
Revenue was $78.6M in Q3 2025, down 12% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $55.0M, an operating margin of -70.0%. Total costs grew 125% against a revenue fall of 12%. The fastest-growing cost line was Other operating costs (+137%). The quarter ended with a net loss of $51.6M, after a profit of $20.6M the previous quarter.
Operating cash flow was $44.5M (down 13% year over year). Non-cash charges added back $25.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $69.3M. Capital expenditures of $21.0M left free cash flow of $23.5M.
Questions
What was Ring Energy's revenue in the third quarter 2025?
Ring Energy (REI) reported revenue of $78.6M for the third quarter 2025 (Q3 2025), -12% from a year earlier and -5% from the quarter before.
Was Ring Energy profitable in the third quarter 2025?
Operating loss was $55.0M (-70.0% of revenue) and net loss $51.6M.
Source: Ring Energy 10-Q on SEC EDGAR.