Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 76

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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86,459,022 $95,729,261 Income tax liability305,124 328,985 Financing lease liability728,762 906,119 Operating lease liability633,264 648,204 Derivative liabilities2,277,994 6,410,547 Notes payable1,001,829 496,397 Deferred cash payment9,800,376 — Asset retirement obligations418,526 517,674 Total Current Liabilities101,624,897 105,037,187 Non-current LiabilitiesDeferred income taxes24,615,831 28,591,802 Revolving line of credit428,000,000 385,000,000 Financing lease liability, less current portion547,064 647,078 Operating lease liability, less current portion940,853 1,405,837 Derivative liabilities1,708,221 2,912,745 Asset retirement obligations29,578,865 25,864,843 Total Liabilities587,015,731 549,459,492 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; 207,223,177 shares and 198,561,378 shares issued and outstanding, respectively207,223 198,561 Additional paid-in capital811,313,842 800,419,719 Retained earnings (Accumulated deficit)36,135,797 58,021,702 Total Stockholders’ Equity847,656,862 858,639,982 Total Liabilities and Stockholders' Equity$1,434,672,593 $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 Nine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Oil, Natural Gas, and Natural Gas Liquids Revenues$78,601,336 $89,244,383 $240,295,302 $282,886,