Ring Energy (REI) Gross Margin (2010 - 2023)

Ring Energy has disclosed Gross Margin across 14 years of filings, most recently posting 100.0% for Q1 2023.

• In Q1 2023, Gross Margin rose 190.0% year-over-year to 100.0%; the TTM figure through Mar 2023 stood at 99.85% (up 194.0% YoY), while the FY2023 annual figure was 99.87%, up 40.0% from the prior year.
• Gross Margin came in at 100.0% for Q1 2023 at Ring Energy, roughly flat from 100.02% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 164.29% in Q4 2019 to a low of 69.25% in Q3 2019.
• Average Gross Margin over 5 years is 97.71%, with a median of 97.63% recorded in 2021.
• Year-over-year, Gross Margin soared 9391 bps in 2019 and plunged 6830 bps in 2020.
• Over 5 years, Gross Margin stood at 164.29% in 2019, then plunged by 42 bps to 95.99% in 2020, then grew by 2 bps to 97.57% in 2021, then grew by 3 bps to 100.02% in 2022, then decreased by 0 bps to 100.0% in 2023.
• Per Business Quant data, the three most recent Gross Margin figures were 100.0% in Q1 2023, 100.02% in Q4 2022, and 100.0% in Q3 2022.