Ring Energy Inc 2025年度报告

Ring Energy, Inc. (Exact name of registrant as specified in its charter) Securities registered under Section 12(b) of the Exchange Act: Securities registered under Section 12(g) of the Exchange Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. YesNo Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" inRule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is shell company (as defined in Rule 12b-2 of the Act). YesNo As of June 30, 2025, the aggregate market value of the common voting stock held by non-affiliates of the registrant, based upon the closing stock price on thatday on the NYSE American of $0.79 per share, was $155,602,776. As of March4, 2026, the registrant had outstanding 209,395,110 shares of common stock ($0.001 par value). DOCUMENTS INCORPORATED BY REFERENCE The information required by Part III of this Report, to the extent not set forth herein, is incorporated herein by reference from the registrant’s definitive proxystatement relating to the Annual Meeting of Stockholders to be held in 2026, which definitive proxy statement shall be filed with the Securities and ExchangeCommission within 120 days after the end of the fiscal year to which this Report relates. TABLE OF CONTENTS Forward Looking Statements3Glossary of Certain Oil and Natural Gas Terms5PART IItem 1:Business8Item 1A:Risk Factors20Item 1B:Unresolved Staff Comments31Item 1C:Cybersecurity31Item 2:Properties34Item 3:Legal Proceedings48Item 4:Mine Safety Disclosures48PART IIItem 5:Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities49Item 6:Reserved50Item 7:Management’s Discussion and Analysis of Financial Condition and Results of Operations51Item 7A:Quantitative and Qualitative Disclosures About Market Risk64Item 8:Financial Statements and Supplementary Data65Item 9:Changes in and Disagreement’s With Accountants on Accounting and Financial Disclosure65Item 9A:Controls and Procedures66Item 9B:Other Information68Item 9C:Disclosure Regarding Foreign Jurisdictions that Prevent Inspections68PART IIIItem 10:Directors, Executive Officers and Corporate Governance68Item 11:Executive Compensation68Item 12:Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters68Item 13:Certain Relationships and Related Transactions, and Director Independence68Item 14:Principal Accountant Fees and Services68PART IVItem 15:Exhibit and Financial Statement Schedules69Item 16:Form 10-K Summary72 Forward Looking Statements This Annual Report on Form 10-K (herein, “Annual Report”) contains forward-looking statements within the meaning of Section 27Aof the Securities Act of 1933, as amended, (the "Securities Act"), and Section 21E of the Securities Exch