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

Ring Energy has reported Gross Profit for 14 years, with the latest figure at $88.1 million in Q1 2023.

• Quarterly Gross Profit rose 31.69% year-over-year to $88.1 million in Q1 2023, while the trailing twelve-month figure through Mar 2023 was $366.6 million (up 60.87% YoY) and the FY2023 annual result came in at $360.6 million, up 4.39% from the prior year.
• Gross Profit eased to $88.1 million in Q1 2023 per REI's latest filing, from $99.7 million in the prior quarter.
• Over five years, Gross Profit peaked at $99.7 million in Q4 2022 and troughed at $9.8 million in Q2 2020.
• A 5-year average of $54.7 million and a median of $44.8 million in 2021 frame the typical range for Gross Profit.
• The sharpest annual moves came in 2020 and 2021: Gross Profit plunged 75.38% in 2020, then surged 357.23% in 2021.
• Over 5 years, Gross Profit stood at $85.8 million in 2019, then plunged by 64.93% to $30.1 million in 2020, then soared by 125.71% to $67.9 million in 2021, then soared by 46.79% to $99.7 million in 2022, then dropped by 11.67% to $88.1 million in 2023.
• According to Business Quant data, Gross Profit over the past three periods registered $88.1 million, $99.7 million, and $94.4 million for Q1 2023, Q4 2022, and Q3 2022 respectively.