RING ENERGY, INC.
Ring Energy, Inc. (NYSE American: REI) is an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company focuses on development, production, acquisition, and exploration activities concentrated in the Permian Basin of Texas, specifically targeting oil and… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What RING ENERGY, INC. does
In the company’s own words
Ring Energy, Inc. (NYSE American: REI) is an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company focuses on development, production, acquisition, and exploration activities concentrated in the Permian Basin of Texas, specifically targeting oil and liquids-rich producing formations in the Northwest Shelf and Central Basin Platform regions.
As of December 31, 2025, Ring Energy operates 111,714 gross acres (96,234 net acres) and holds interests in 919 gross producing wells (758 net), with the company serving as operator of approximately 99% of its properties. The company's proved reserves total approximately 153.3 million barrels of oil equivalent, with a composition of approximately 59% oil, 19% natural gas, and 22% natural gas liquids. Approximately 68% of reserves are classified as proved developed, while 32% are classified as proved undeveloped, including 247 proved drilling locations.
Ring Energy achieved record full-year production of 20,253 barrels of oil equivalent per day in 2025, with 65% from oil production. The company maintains a disciplined capital allocation strategy focused on high-return development opportunities and operational efficiency. In 2025, the company drilled 18 gross operated wells consisting of 12 horizontal and six vertical wells. Lifting costs were reduced to $10.73 per barrel of oil equivalent.
The company's business strategy emphasizes operational excellence, capital discipline, and adjusted free cash flow generation to strengthen its balance sheet and reduce long-term debt. Ring Energy maintains an active commodity hedging program to protect cash flows and manage exposure to commodity price volatility. The company's major customers include Phillips 66 Company, Concord Energy LLC, and NGL Crude Partners, which collectively represented 89% of oil, natural gas, and natural gas liquids revenues for the year ended December 31, 2025.
All of Ring Energy's properties are located in the Permian Basin, providing geographic concentration and operational control advantages. The company maintains a revolving credit facility with a borrowing base of $585 million and focuses on pursuing accretive acquisitions and property dispositions to improve margins and returns while maintaining or reducing break-even costs.
Company details
- Sector
- Energy
- Industry
- Oil & Gas Extraction
- Headquarters
- THE WOODLANDS, TX
- Fiscal year end
- December
- CIK
- 1384195
- SIC
- 1311
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns RING ENERGY, INC. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · RING ENERGY, INC.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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