Ring Energy Inc 2026年季度报告

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period endedMarch 31, 2026 Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from ______ to ______ Commission file number 001-36057 Ring Energy, Inc.(Exact name of registrant as specified in its charter) Nevada 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 of1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to suchfiling requirements for 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 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch 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 oran emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is shell company (as defined in Rule 12b-2 of the Act). YesNo As of May6, 2026, the registrant had outstanding 209,409,180 shares of common stock ($0.001 par value). TABLE OF CONTENTS PART I — FINANCIAL INFORMATIONItem 1:Condensed Financial Statements5Notes to the Condensed Financial Statements12Item 2:Management’s Discussion and Analysis of Financial Condition and Results of Operations37Item 3:Quantitative and Qualitative Disclosures About Market Risk48Item 4:Controls and Procedures49PART II — OTHER INFORMATIONItem 1:Legal Proceedings49Item 1A:Risk Factors49Item 2:Unregistered Sales of Equity Securities and Use of Proceeds49Item 3:Defaults Upon Senior Securities49Item 4:Mine Safety Disclosures50Item 5:Other Information50Item 6:Exhibits50SIGNATURES51 Forward Looking Statements This Quarterly Report on Form 10-Q (herein, “Quarterly Report”) contains forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, asamended (the “Exchange Act”). All statements, other than statements of historical fact included in this Quarterly Report regarding ourstrategy, future operations, financial position, estimated revenues and expenses, projected costs, prospects, plans and objectives ofmanagement are forward-looking statements. When used in this Quarterly Report, the words “may,” “will,” “could,” “would,”“should,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “plan,” “pursue,” “target,” “continue,” “potential,” “guidance,”“project” or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statementscontain such identifying words. All forward-looking statements speak only as of the date of this Quarterly Report. Although we believethat our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this QuarterlyReport are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved. We are making investorsaware that such forward-looking statements, because they relate to future events, are by their very nature subject to many importantfactors that could cause actual results to differ materially from those contemplated. Such factors include: •declines or volatility in the prices we receive for our oil and natural gas;•our ability to raise additional capital to fund future capital expenditures;•our ability to generate sufficient net cash provided by operating activities, borrowings or other sources to enable us to fullydevelop and produce our oil and natural gas properties;•general economic conditions, whether internationally, nationally or in the regional and local market areas in which we dobusiness;•risks associated with drilling of wells, including completion risks, cost overruns, mechanical failures and the drilling of non-economic wells or dry holes;•uncertainties associated with estimates of proved oil and natural gas reserves;•the presence or recoverability of estimated oil and natural gas reserves and the actual future production rates and associatedcosts;•the effects of inflation on our cost structure;•