Ring Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

EARNINGS (LOSS) PER SHARE INFORMATION

6 Months Ended

Jun. 30, 2022

EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 4 – EARNINGS (LOSS) PER SHARE INFORMATION


	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2022		2021		2022		2021
Net Income (Loss)	$	41,944,422	$	(15,887,159)	$	49,056,465	$	(34,953,252)
Basic Weighted-Average Shares Outstanding		106,390,776		99,300,458		103,291,669		99,197,160
Effect of dilutive securities:
Stock options		114,985		—		115,069		—
Restricted stock units		2,614,251		—		2,274,467		—
Performance stock units		393,023		—		243,475		—
Common warrants		21,084,554		—		20,327,025		—
Diluted Weighted-Average Shares Outstanding		130,597,589		99,300,458		126,251,705		99,197,160
Basic Earnings (Loss) per Share	$	0.39	$	(0.16)	$	0.47	$	(0.35)
Diluted Earnings (Loss) per Share	$	0.32	$	(0.16)	$	0.39	$	(0.35)

Stock options to purchase 70,500 and 70,500 shares of common stock, 6,681 and 6,269 shares of unvested restricted stock units, and zero and 767,537 shares of unvested performance stock units, respectively, were excluded from the computation of diluted earnings per share during the three and six months ended June 30, 2022, as their effect would have been anti-dilutive. Stock options to purchase 465,500 shares of common stock, 3,230,569 shares of unvested restricted stock and unexercised common warrants of 29,519,500 were excluded from the computation of diluted earnings per share during the three and six months ended June 30, 2021, as their effect would have been anti-dilutive.