Company: REI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001384195-25-000018
Chunk: 121

Company: RING ENERGY, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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For the Nine months ended September 30, 2025Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$240,295,302 $— $240,295,302 Lease operating expenses(60,442,005)— (60,442,005)Gathering, transportation and processing costs(463,990)— (463,990)Ad valorem taxes(5,627,320)— (5,627,320)Oil and natural gas production taxes(11,088,049)— (11,088,049)Depreciation, depletion and amortization (3)— (73,411,242)(73,411,242)Ceiling test impairment (3)— (72,912,330)(72,912,330)Asset retirement obligation accretion— (1,099,363)(1,099,363)Operating lease expense— (525,272)(525,272)General and administrative expense— (23,898,266)(23,898,266)Interest income— 233,969 233,969 Interest (expense)— (31,308,510)(31,308,510)Gain (loss) on derivative contracts— 14,163,569 14,163,569 Gain (loss) on disposal of assets— 385,545 385,545 Other income— 159,712 159,712 Income (Loss) Before Benefit from (Provision for) Income Taxes$162,673,938 $(188,212,188)$(25,538,250)Total Assets (3)$1,401,663,623 $33,008,970 $1,434,672,593 Capital expenditures$73,868,326 $— $73,868,326 (3) All of the Company's assets are located within the United States. As the CODM does not view depreciation, depletion and amortization or ceiling test impairment as a significant Exploration and Production segment expense, the Company has included these amounts within the Corporate column of the reconciliation table.

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For the Nine months ended September 30, 2024Exploration and ProductionCorporateTotal CompanyOil, Natural Gas, and Natural Gas Liquids Revenues$282,886,868 $— $282,886,868 Lease operating expenses(57,984,733)— (