Ring Energy (REI) Operating Expenses (2010 - 2026)

Ring Energy's (REI) quarterly Operating Expenses came in at $215.5 million in Q1 2026, up 279.83% year-on-year from $56.7 million in Q1 2025, and up 134.11% quarter-over-quarter from $92.0 million in Q4 2025.

Ring Energy (REI) Operating Expenses (2010 - 2026) Analysis & Trends

Ring Energy has disclosed Operating Expenses across 17 years of filings, most recently posting $215.5 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $215.5 million, up 279.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $500.3 million (up 114.46% YoY), and the FY2025 annual result was $341.5 million, up 46.31% from the prior year.
  • Operating Expenses came in at $215.5 million for Q1 2026 at Ring Energy, up from $92.0 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.
  • The 5-year median for Operating Expenses is $57.1 million (2024), against an average of $70.0 million.
  • Across the five-year window, Operating Expenses declined 0.27% in 2025 and soared 279.83% in 2026, its largest moves.
  • Ring Energy's 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 jumped by 134.11% to $215.5 million in 2026.
  • The last three Operating Expenses figures came in at $215.5 million (Q1 2026), $92.0 million (Q4 2025), and $133.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 1.04 Bn
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 2.28 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 4.32 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 1.12 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 4.12 Bn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -52.32 Mn
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 54.87 Mn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 103.33 Mn
10 Ring Energy 263.83 Mn 251.57 Mn 70.12 Mn 215.50 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2022 30.81 Mn
Mar 31, 2022 30.00 Mn
Dec 31, 2021 27.80 Mn
Sep 30, 2021 24.99 Mn
Jun 30, 2021 24.52 Mn
Mar 31, 2021 23.24 Mn