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Ring Energy's peak revenue was $366.3M in 2024. The peak quarterly revenue was $99.9M in 2023(q4).
Ring Energy's revenue increased from $38.1m in 2014 to $366.3M currently. That's a 861.76% change in annual revenue.
| Fiscal year / year | Ring Energy revenue |
|---|---|
| 2014 | $38.1M |
| 2015 | $31.0M |
| 2016 | $30.9M |
| 2017 | $66.7M |
| 2018 | $120.1M |
| 2019 | $195.7M |
| 2020 | $113.0M |
| 2021 | $196.3M |
| 2022 | $347.2M |
| 2023 | $361.1M |
| 2024 | $366.3M |
Rate Ring Energy's financial transparency
Ring Energy saw the greatest revenue growth in 2017, when revenue increased by 116.2%.
Ring Energy had the lowest revenue growth in 2020, when revenue changed by -42.25%.
| Year | Ring Energy growth |
|---|---|
| 2015 | -19%↓ |
| 2016 | -1%↓ |
| 2017 | 116%↑ |
| 2018 | 80%↑ |
| 2019 | 63%↑ |
| 2020 | -42%↓ |
| 2021 | 74%↑ |
| 2022 | 77%↑ |
| 2023 | 4%↑ |
| 2024 | 1%↑ |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2014 | - | - | - | $10.0M |
| 2015 | $6.0M | $9.0M | $8.6M | $7.4M |
| 2016 | $6.1M | $7.1M | $7.8M | $9.8M |
| 2017 | $12.2M | $14.5M | $16.6M | $23.3M |
| 2018 | $29.9M | $29.9M | $32.7M | $27.6M |
| 2019 | $41.8M | $51.3M | $50.3M | $52.2M |
| 2020 | $39.6M | $10.6M | $31.5M | $31.4M |
| 2021 | $39.5M | $47.8M | $49.4M | $59.7M |
| 2022 | $68.2M | $85.0M | $94.4M | $99.7M |
| 2023 | $88.1M | $79.3M | $93.7M | $99.9M |
| 2024 | $94.5M | $99.1M | $89.2M | $83.4M |
Do you work at Ring Energy?
Is Ring Energy transparent about its revenue structure?
| CEO | Paul D. McKinney |
| Industry | Energy Equipment & Services |
| Company Type | Public |
| Employees Number | 42 |
| Date Founded | 2004 |
| Headquarters | Midland, Texas |
| Number of Locations | 2 |
| Revenue | $366.3M |
| Net Income | $138,635,025 |
| Gross Proft | $86.6M (2018) |
| EBITDA | $229.4M (2024) |
| Tax Rate | 0.2% |
| Total Assets | $1,268,999,797 |
| Ticker | REI |
Ring Energy received early financing of $15.2M on 2013-06-25.
| Series | Round size | Date |
|---|---|---|
| Post Ipo Equity | $15.2M | 06/2013 |
Ring Energy's top competitor, Coterra Energy, earned an annual revenue of $5.5B.
Ring Energy's smallest competitor is Approach Resources with revenue of $114.0M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Callon Petroleum | - | $2.3B | 169 | - |
| Earthstone Energy | - | $413.1M | 65 | - |
| Rex Energy | - | $205.3M | 104 | - |
| Approach Resources | - | $114.0M | 99 | - |
| XTO Energy | - | $4.6B | 3,335 | - |
| ENERGY CORP OF AMERICA | - | $452.5M | 2 | - |
| Eclipse Resources | - | $326.4M | 236 | - |
| Coterra Energy | - | $5.5B | 483 | - |
Zippia gives an in-depth look into the details of Ring Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ring Energy. The employee data is based on information from people who have self-reported their past or current employments at Ring Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ring Energy. The data presented on this page does not represent the view of Ring Energy and its employees or that of Zippia.
Ring Energy may also be known as or be related to RING ENERGY INC., RING ENERGY, INC., Ring Energy, Ring Energy Inc, Ring Energy Inc. and Ring Energy, Inc.