Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 3

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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3,652,345 (18,637,325)Net Income (Loss)$(51,631,530)$33,878,424 $(21,885,905)$61,812,795 Basic Earnings (Loss) per Share$(0.25)$0.17 $(0.11)$0.31 Diluted Earnings (Loss) per Share$(0.25)$0.17 $(0.11)$0.31 

The accompanying notes are an integral part of these unaudited condensed financial statements.

8

Table of ContentsRING ENERGY, INC.CONDENSED STATEMENT OF STOCKHOLDERS’ EQUITY(Unaudited)

Common StockAdditionalPaid-inCapitalRetained Earnings(Accumulated Deficit)TotalStockholders'EquityFor the Nine Months Ended September 30, 2025SharesAmountBalance, December 31, 2024198,561,378$198,561 $800,419,719 $58,021,702 $858,639,982 Restricted stock vested1,983,4651,983 (1,983)— — Shares to cover tax withholdings for restricted stock vested(488,596)(488)488 — — Payments to cover tax withholdings for restricted stock vested, net—— (896,431)— (896,431)Common stock issuance for Lime Rock Acquisition6,452,8796,453 7,414,358 — 7,420,811 Share-based compensation—— 1,690,958 — 1,690,958 Net income—— — 9,110,738 9,110,738 Balance, March 31, 2025206,509,126$206,509 $808,627,109 $67,132,440 $875,966,058 Restricted stock vested41,83442 (42)— — Shares to cover tax withholdings for restricted stock vested(8,345)(9)9 — — Payments to cover tax withholdings for restricted stock vested, net—— (57,015)— (57,015)Share-based compensation—— 1,351,839 — 1,351,839 Net income—— — 20,634,887 20,634,887 Balance, June 30, 2025206,542,615 $206,