Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 160

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 160
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Other income. During the three months ended June 30, 2025, the Company recorded $150,770 of other income from a pipeline easement lease.

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Other Income (Expense) for the Six Months Ended June 30, 2025 and 2024

For the Six Months EndedJune 30, 2025June 30, 2024Change% ChangeInterest income$159,716 $223,477 $(63,761)(29)%Interest expense:     Interest on revolving line of credit$17,430,459 $19,287,826 $(1,857,367)(10)%     Fees associated with revolving line of credit487,848 484,925 2,923 1 %     Amortization of deferred financing costs3,074,667 2,443,215 631,452 26 %     Interest on financing lease liabilities56,379 62,739 (6,360)(10)%     Interest paid for notes payable17,166 16,366 800 5 %     Deferred cash payment accretion189,671 — 189,671 100 %     Other interest— 150,000 (150,000)(100)%Total interest expense$21,256,190 $22,445,071 $(1,188,881)(5)%Gain (loss) on derivative contracts:Realized gain (loss):     Crude oil$(206,966)$(6,812,097)$6,605,131 97 %     Natural gas331,215 2,756,085 (2,424,870)(88)%Total realized gain (loss)$124,249 $(4,056,012)$4,180,261 103 %Unrealized gain (loss):     Crude oil$14,487,365 $(14,685,728)$29,173,093 199 %     Natural gas(892,350)(2,101,354)1,209,004 58 %Total unrealized gain (loss)$13,595,015 $(16,787,082)$30,382,097 181 %Total gain (loss) on derivative contracts:$13,719,264 $(20,843,094)$34,562,358 166 %Gain (loss) on disposal of assets$279,