Ring Energy Past Earnings Performance
Past criteria checks 2/6
Ring Energy has been growing earnings at an average annual rate of 32.1%, while the Oil and Gas industry saw earnings growing at 28.9% annually. Revenues have been growing at an average rate of 23.5% per year. Ring Energy's return on equity is 13.3%, and it has net margins of 30.6%.
Key information
32.1%
Earnings growth rate
21.9%
EPS growth rate
| Oil and Gas Industry Growth | 37.3% |
| Revenue growth rate | 23.5% |
| Return on equity | 13.3% |
| Net Margin | 30.6% |
| Next Earnings Update | 06 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Ring Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 343 | 105 | 35 | 0 |
| 30 Sep 23 | 342 | 68 | 35 | 0 |
| 30 Jun 23 | 343 | 151 | 34 | 0 |
| 31 Mar 23 | 349 | 164 | 32 | 0 |
| 31 Dec 22 | 330 | 139 | 27 | 0 |
| 30 Sep 22 | 292 | 148 | 23 | 0 |
| 30 Jun 22 | 250 | 87 | 20 | 0 |
| 31 Mar 22 | 214 | 30 | 19 | 0 |
| 31 Dec 21 | 187 | 3 | 17 | 0 |
| 30 Sep 21 | 160 | -181 | 19 | 0 |
| 30 Jun 21 | 143 | -197 | 17 | 0 |
| 31 Mar 21 | 108 | -316 | 18 | 0 |
| 31 Dec 20 | 108 | -253 | 18 | 0 |
| 30 Sep 20 | 128 | -88 | 19 | 0 |
| 30 Jun 20 | 146 | -77 | 19 | 0 |
| 31 Mar 20 | 185 | 69 | 17 | 0 |
| 31 Dec 19 | 187 | 29 | 17 | 0 |
| 30 Sep 19 | 163 | 17 | 15 | 0 |
| 30 Jun 19 | 146 | 14 | 15 | 0 |
| 31 Mar 19 | 126 | 8 | 13 | 0 |
| 31 Dec 18 | 114 | 9 | 13 | 0 |
| 30 Sep 18 | 110 | 12 | 12 | 0 |
| 30 Jun 18 | 95 | 9 | 12 | 0 |
| 31 Mar 18 | 80 | 6 | 11 | 0 |
| 31 Dec 17 | 64 | 2 | 11 | 0 |
| 30 Sep 17 | 51 | 6 | 10 | 0 |
| 30 Jun 17 | 42 | -3 | 9 | 0 |
| 31 Mar 17 | 35 | -21 | 9 | 0 |
| 31 Dec 16 | 29 | -38 | 8 | 0 |
| 30 Sep 16 | 27 | -45 | 8 | 0 |
| 30 Jun 16 | 28 | -40 | 8 | 0 |
| 31 Mar 16 | 30 | -23 | 8 | 0 |
| 31 Dec 15 | 30 | -9 | 8 | 0 |
| 30 Sep 15 | 32 | 1 | 8 | 0 |
| 30 Jun 15 | 34 | 4 | 7 | 0 |
| 31 Mar 15 | 36 | 6 | 7 | 0 |
| 31 Dec 14 | 36 | 8 | 7 | 0 |
| 30 Sep 14 | 32 | 7 | 7 | 0 |
| 30 Jun 14 | 24 | 5 | 7 | 0 |
| 31 Mar 14 | 14 | 2 | 7 | 0 |
| 31 Dec 13 | 10 | 0 | 7 | 0 |
| 30 Sep 13 | 6 | -2 | 5 | 0 |
| 30 Jun 13 | 3 | -2 | 4 | 0 |
Quality Earnings: KWE1 has high quality earnings.
Growing Profit Margin: KWE1's current net profit margins (30.6%) are lower than last year (42%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: KWE1 has become profitable over the past 5 years, growing earnings by 32.1% per year.
Accelerating Growth: KWE1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KWE1 had negative earnings growth (-24.4%) over the past year, making it difficult to compare to the Oil and Gas industry average (-40.8%).
Return on Equity
High ROE: KWE1's Return on Equity (13.3%) is considered low.