Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 99

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 99
---
10-K are available upon payment of a reasonable fee, which is limited to our expenses in furnishing the requested exhibit. Such requests should be directed to: Ring Energy, Inc., Attention: Phillip B. Feiner, Corporate Secretary, 1725 Hughes Landing Blvd., Suite 900, The Woodlands, TX 77380 or call (281) 397-3699.

By Order of the Board of Directors,

/s/ Phillip B Feiner

#### Phillip B. Feiner
Senior Vice President, General Counsel & Corporate Secretary

The Woodlands, Texas

April 11, 2025

#### 95

#### RING ENERGY
<div align='center'>APPENDIX A</div>

### GAAP TO NON-GAAP RECONCILIATIONS
The Company defines "Adjusted EBITDA" as net income plus net interest expense (including interest income and expense), unrealized loss (gain) on change in fair value of derivatives, ceiling test impairment, income tax (benefit) expense, depreciation, depletion and amortization, asset retirement obligation accretion, transaction costs for executed acquisitions and divestitures ("A&D"), share-based compensation, loss (gain) on disposal of assets, and backing out the effect of other income. Company management believes Adjusted EBITDA is relevant and useful because it helps investors understand Ring’s operating performance and makes it easier to compare its results with those of other companies that have different financing, capital and tax structures. Adjusted EBITDA should not be considered in isolation from or as a substitute for net income, as an indication of operating performance or cash flows from operating activities or as a measure of liquidity. Adjusted EBITDA, as Ring calculates it, may not be comparable to Adjusted EBITDA measures reported by other companies. In addition, Adjusted EBITDA does not represent funds available for discretionary use.

|                                                               |     | TWELVE MONTHS ENDED 
 DECEMBER 31, 2024   |     |             | DECEMBER 31, 2023 |     |             |
|:--------------------------------------------------------------|:----|:--------------------|:----|------------:|:------------------|:----|------------:|
| Adjusted EBITDA                                               |     |                     |     |             |                   |     |             |
| Net Income                                                    |     | $                   |     |  67,470,314 | $                 |     | 104,864,641 |
| Interest expense, net                                         |