Ring Energy Management
Management criteria checks 3/4
Ring Energy's CEO is Paul McKinney, appointed in Oct 2020, has a tenure of 4.17 years. total yearly compensation is $3.76M, comprised of 15.1% salary and 84.9% bonuses, including company stock and options. directly owns 0.66% of the company’s shares, worth $1.63M. The average tenure of the management team and the board of directors is 3.8 years and 4.2 years respectively.
Key information
Paul McKinney
Chief executive officer
US$3.8m
Total compensation
| CEO salary percentage | 15.1% |
| CEO tenure | 4.2yrs |
| CEO ownership | 0.7% |
| Management average tenure | 3.8yrs |
| Board average tenure | 4.2yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$113m |
| Jun 30 2024 | n/a | n/a | US$71m |
| Mar 31 2024 | n/a | n/a | US$78m |
| Dec 31 2023 | US$4m | US$569k | US$105m |
| Sep 30 2023 | n/a | n/a | US$68m |
| Jun 30 2023 | n/a | n/a | US$151m |
| Mar 31 2023 | n/a | n/a | US$164m |
| Dec 31 2022 | US$4m | US$530k | US$139m |
| Sep 30 2022 | n/a | n/a | US$148m |
| Jun 30 2022 | n/a | n/a | US$87m |
| Mar 31 2022 | n/a | n/a | US$30m |
| Dec 31 2021 | US$3m | US$480k | US$3m |
| Sep 30 2021 | n/a | n/a | -US$181m |
| Jun 30 2021 | n/a | n/a | -US$197m |
| Mar 31 2021 | n/a | n/a | -US$316m |
| Dec 31 2020 | US$500k | US$120k | -US$253m |
Compensation vs Market: Paul's total compensation ($USD3.76M) is above average for companies of similar size in the US market ($USD1.41M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul McKinney (65 yo)
4.2yrs
Tenure
US$3,762,729
Compensation
Mr. Paul D. McKinney serves as Chief Executive Officer and Chairman at Ring Energy, Inc since October 01, 2020 and serves as Director since joining on October 01, 2020. He serves on the Board of Directors...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 4.2yrs | US$3.76m | 0.66% $ 1.6m | |
| Executive VP | 3.8yrs | US$1.19m | 0.17% $ 416.9k | |
| Executive Vice President of Engineering & Corporate Strategy | 4yrs | US$1.19m | 0.20% $ 500.1k | |
| VP of Compliance & GM of the Midland - Texas Office | 4yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | less than a year | no data | no data | |
| Executive Vice President of Exploration & Geosciences | less than a year | no data | no data | |
| Vice President of Operations | less than a year | no data | no data | |
| Officer of Investor Relations | no data | no data | no data |
3.8yrs
Average Tenure
49yo
Average Age
Experienced Management: REI's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 4.2yrs | US$3.76m | 0.66% $ 1.6m | |
| Independent Director | 4.2yrs | US$240.00k | 0.18% $ 443.9k | |
| Independent Director | 4.2yrs | US$225.00k | 0.15% $ 381.4k | |
| Lead Independent Director | 11.9yrs | US$250.00k | 0.31% $ 770.4k | |
| Independent Director | 4.2yrs | US$225.00k | 0.11% $ 284.6k | |
| Independent Director | 2.3yrs | US$225.00k | 0.053% $ 131.7k | |
| Independent Director | 5.3yrs | US$240.00k | 0.20% $ 485.5k |
4.2yrs
Average Tenure
65yo
Average Age
Experienced Board: REI's board of directors are considered experienced (4.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 07:30 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ring Energy, Inc. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Grampp | Alliance Global Partners |
| Rehan Rashid | B. Riley Securities, Inc. |
| Eli J. Kantor | Canaccord Genuity |