Ring Energy (REI) Gross Margin (2010 - 2023)
Ring Energy (REI) posted Gross Margin of 100.0% for Q1 2023, little changed sequentially from 100.02% in Q4 2022, and up 190.0% YoY from 34.48% in Q1 2022.
Ring Energy (REI) Gross Margin (2010 - 2023) Analysis & Trends
Ring Energy has reported Gross Margin for 14 years, with the latest figure at 100.0% in Q1 2023.
- Quarterly Gross Margin rose 190.0% year-over-year to 100.0% in Q1 2023, while the trailing twelve-month figure through Mar 2023 was 99.85% (up 187.0% YoY) and the FY2023 annual result came in at 99.87%, up 40.0% from the prior year.
- Gross Margin steadied at 100.0% in Q1 2023 per REI's latest filing, from 100.02% in the prior quarter.
- Over five years, Gross Margin peaked at 164.29% in Q4 2019 and troughed at 69.25% in Q3 2019.
- A 5-year average of 97.7% and a median of 97.87% in 2021 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2019 and 2020: Gross Margin jumped 9391 bps in 2019, then sank 6830 bps in 2020.
- Over 5 years, Gross Margin stood at 164.29% in 2019, then slumped by 42 bps to 95.99% in 2020, then gained by 2 bps to 97.91% in 2021, then rose by 2 bps to 100.02% in 2022, then dropped by 0 bps to 100.0% in 2023.
- According to Business Quant data, Gross Margin over the past three periods registered 100.0%, 100.02%, and 100.0% for Q1 2023, Q4 2022, and Q3 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 81.22% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Ring Energy | 345.08 Mn | 337.61 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 100.02% |
| Sep 30, 2022 | 100.00% |
| Jun 30, 2022 | 99.35% |
| Mar 31, 2022 | 98.10% |
| Dec 31, 2021 | 97.91% |
| Sep 30, 2021 | 97.87% |
| Jun 30, 2021 | 98.03% |
| Mar 31, 2021 | 97.36% |
| Dec 31, 2020 | 95.99% |
| Sep 30, 2020 | 96.64% |
| Jun 30, 2020 | 93.99% |
| Mar 31, 2020 | 97.09% |
| Dec 31, 2019 | 164.29% |
| Sep 30, 2019 | 69.25% |
| Jun 30, 2019 | 77.46% |
| Mar 31, 2019 | 77.49% |
| Dec 31, 2018 | 70.38% |
| Sep 30, 2018 | 77.92% |
| Jun 30, 2018 | 77.82% |