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

EARNINGS PER SHARE INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023


	For the Three Months Ended
	March 31, 2023		March 31, 2022
Net Income	$	32,715,779	$	7,112,043
Basic Weighted-Average Shares Outstanding	177,984,323		100,192,562
Effect of dilutive securities:
Stock options	14,170		102,737
Restricted stock units	1,299,741		1,890,508
Performance stock units	232,055		107,928
Common warrants	10,608,680		21,710,443
Diluted Weighted-Average Shares Outstanding	190,138,969		124,004,178
Basic Earnings per Share	$	0.18	$	0.07
Diluted Earnings per Share	$	0.17	$	0.06