Company: REI
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038401
Chunk: 73

Company: RING ENERGY, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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422,634 $95,729,261 Income tax liability675,352 328,985 Financing lease liability724,527 906,119 Operating lease liability674,927 648,204 Derivative liabilities2,322,147 6,410,547 Notes payable1,488,419 496,397 Deferred cash payment9,604,736 — Asset retirement obligations414,974 517,674 Total Current Liabilities98,327,716 105,037,187 Non-current LiabilitiesDeferred income taxes37,456,550 28,591,802 Revolving line of credit448,000,000 385,000,000 Financing lease liability, less current portion580,604 647,078 Operating lease liability, less current portion1,061,124 1,405,837 Derivative liabilities3,864,413 2,912,745 Asset retirement obligations29,144,695 25,864,843 Total Liabilities618,435,102 549,459,492 Commitments and contingencies (See Note 12)Stockholders' EquityPreferred stock - $0.001 par value; 50,000,000 shares authorized; no shares issued or outstanding— — Common stock - $0.001 par value; 450,000,000 shares authorized; 206,542,615 shares and 198,561,378 shares issued and outstanding, respectively206,542 198,561 Additional paid-in capital809,921,900 800,419,719 Retained earnings (Accumulated deficit)87,767,327 58,021,702 Total Stockholders’ Equity897,895,769 858,639,982 Total Liabilities and Stockholders' Equity$1,516,330,871 $1,408,099,474 

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

7

Table of ContentsRING ENERGY, INC.CONDENSED STATEMENTS OF OPERATIONS(Unaudited)

For the Three Months EndedFor the Six Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Oil, Natural Gas, and Natural Gas Liquids Revenues$82,602,759 $99,139,349 $161,693,966 $193,642,