Ring Energy (REI) Operating Expenses (2010 - 2026)
Ring Energy's (REI) quarterly Operating Expenses came in at $54.4 million in Q2 2026, down 7.98% year-over-year from $59.1 million in Q2 2025, and down 74.75% quarter-over-quarter from $215.5 million in Q1 2026.
Analysis
Ring Energy (REI) Operating Expenses (2010 - 2026) Analysis & Trends
Ring Energy has disclosed Operating Expenses across 17 years of filings, most recently posting $54.4 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 7.98% year-over-year to $54.4 million; the TTM figure through Jun 2026 stood at $495.6 million (up 110.8% YoY), while the FY2025 annual figure was $341.5 million, up 46.31% from the prior year.
- Operating Expenses came in at $54.4 million for Q2 2026 at Ring Energy, down from $215.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $215.5 million in Q1 2026 to a low of $30.0 million in Q1 2022.
- Average Operating Expenses over 5 years is $67.5 million, with a median of $56.8 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 279.83% in 2026 against a maximum downside of 7.98% in 2026.
- Over 5 years, Operating Expenses stood at $53.9 million in 2022, then grew by 9.62% to $59.0 million in 2023, then grew by 1.31% to $59.8 million in 2024, then surged by 53.88% to $92.0 million in 2025, then slumped by 40.89% to $54.4 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $54.4 million in Q2 2026, $215.5 million in Q1 2026, and $92.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 2.43 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 114.95 Mn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 5.09 Bn |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 3.05 Bn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 5.03 Bn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 2.30 Bn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 929.86 Mn |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 2.02 Bn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 1.12 Bn |
| 10 | Ring Energy | 349.76 Mn | 342.28 Mn | - | 54.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.41 Mn |
| Mar 31, 2026 | 215.50 Mn |
| Dec 31, 2025 | 92.05 Mn |
| Sep 30, 2025 | 133.61 Mn |
| Jun 30, 2025 | 59.13 Mn |
| Mar 31, 2025 | 56.74 Mn |
| Dec 31, 2024 | 59.82 Mn |
| Sep 30, 2024 | 59.40 Mn |
| Jun 30, 2024 | 57.32 Mn |
| Mar 31, 2024 | 56.89 Mn |
| Dec 31, 2023 | 59.04 Mn |
| Sep 30, 2023 | 54.11 Mn |
| Jun 30, 2023 | 49.69 Mn |
| Mar 31, 2023 | 52.43 Mn |
| Dec 31, 2022 | 53.86 Mn |
| Sep 30, 2022 | 40.84 Mn |
| Jun 30, 2022 | 30.81 Mn |
| Mar 31, 2022 | 30.00 Mn |
| Dec 31, 2021 | 27.80 Mn |
| Sep 30, 2021 | 24.99 Mn |