Ring Energy (REI) Gross Margin (2010 - 2023)
Ring Energy (REI) reported Gross Margin of 100.0% for Q1 2023, up 190.0% on a YoY basis from 34.48% in Q1 2022, and little changed sequentially from 100.02% in Q4 2022.
Ring Energy (REI) Gross Margin (2010 - 2023) Analysis & Trends
Ring Energy (REI) has 14 years of Gross Margin data on file, last reported at 100.0% in Q1 2023.
- For the quarter ending Q1 2023, Gross Margin rose 190.0% year-over-year to 100.0%; the trailing twelve-month figure through Mar 2023 stood at 99.85% (up 187.0% YoY), and the FY2023 full-year result was 99.87%, up 40.0% from the prior year.
- Gross Margin steadied at 100.0% in Q1 2023, 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.
- A 5-year average of 97.7% and a median of 97.87% in 2021 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 9391 bps in 2019 and tumbled 6830 bps in 2020, its largest moves.
- Tracing REI's Gross Margin over 5 years: stood at 164.29% in 2019, then tumbled by 42 bps to 95.99% in 2020, then grew by 2 bps to 97.91% in 2021, then climbed by 2 bps to 100.02% in 2022, then retreated by 0 bps to 100.0% in 2023.
- Business Quant data shows REI's Gross Margin at 100.0% in Q1 2023, 100.02% in Q4 2022, and 100.0% in Q3 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 60.14% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 99.43% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 93.19% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 78.73% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 80.17% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 95.79% |
| 10 | Ring Energy | 242.97 Mn | 237.91 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% |