Ring Energy

Ring Energy, Inc. is an oil and gas exploration company, which engages in oil and natural gas acquisition, exploration, development, and production activities. The firm's areas of operation are situated in the Permian Basin, the Central Basin Platform, and the Delaware Basin. The company was founded by Lloyd T. Rochford and Stanley M. McCabe on July 30, 2004 and is headquartered in The Woodlands, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ring Energy excels in Q4 2022, eyes growth amid challenges

Ring Energy's Q4 2022 performance reflects strong operational and financial achievements, supported by record sales volumes and debt reduction efforts.
The company's strategic focus on debt reduction, operational efficiency, and quality acquisitions positions it for sustainable growth and enhanced shareholder value.
While facing challenges in balancing capital spending and debt reduction, Ring Energy has opportunities to capitalize on asset exploration, recompletions, and market valuation improvements.
Overall, Ring Energy's commitment to financial discipline, operational excellence, and value creation underscores its resilience and potential for long-term success in the energy sector.

Ring Energy (REI) posts record Q1 results, eyes growth opportunities

Ring Energy (REI) delivered strong financial performance in Q1 2023, with record sales volumes and adjusted EBITDA, while focusing on debt reduction and operational efficiency.
The company's cautious approach to dividends, emphasis on a fortress balance sheet, and optimization of well performance reflect a prudent financial strategy.
Despite challenges in gas price realizations and operational scrutiny, Ring Energy (REI) remains poised for growth through efficiency gains and strategic financial management.

Ring Energy reports robust Q2 earnings, eyes growth through acquisitions

Ring Energy's Q2 performance showcased resilience amid market challenges, with strong financial metrics and strategic initiatives. The company's focus on cost efficiencies, debt reduction, and high-return projects underscores a commitment to shareholder value. Opportunities in horizontal drilling and pending acquisitions signal a path for growth and operational enhancements.

Ring Energy reports record-tying Q3 results amidst operational successes

Ring Energy's Q3 2023 earnings call showcased strong financial results, successful acquisitions, and a commitment to disciplined capital spending. Despite challenges from downtime events, the company remains focused on maximizing free cash flow and enhancing shareholder value. Opportunities lie in cost reduction efforts, debt management strategies, and benefiting from industry-wide cost pullbacks.

Ring Energy reports record 2023 results, eyes growth and efficiency

Ring Energy's strong performance in 2023 was driven by strategic initiatives and cost management.
The company's focus on debt reduction, production growth, and balance sheet improvement sets a positive trajectory for 2024.
Analysts' inquiries highlighted areas for potential improvement and optimization in operations and financial management.

Ring Energy reports record Q2 performance and focuses on growth

Ring Energy's Q2 performance showcased record sales volumes, strong cash generation, and effective cost management.
The company's focus on debt reduction, balance sheet improvement, and high oil percentage opportunities positions it for future growth.
While challenges in managing cash flow and potential market volatility exist, strategic decision-making and operational optimization offer opportunities for Ring Energy.
Overall, Ring Energy's Q2 results reflect a solid foundation for growth and value creation in the energy sector.

Ring Energy reports record sales volume and debt reduction progress

Ring Energy's Q3 2024 performance reflected operational success and financial discipline amidst industry challenges.
The company's focus on debt reduction, operational efficiency, and growth strategies positions it for long-term success.
Challenges in lease operating expenses and market dynamics require proactive management and strategic decision-making.
Opportunities for growth through exploration, partnerships, and cost optimization underscore Ring Energy's potential for value creation.

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Ring Energy, Inc.'s acquisition of Founders resulted in higher-than-expected production and lower costs. Despite being all debt, the Founders acquisition may be financially beneficial for the company, with the debt expected to be repaid within a year and a half. The acquisition has increased free cash flow and improved profitability. This led to a $15 million debt repayment in the second quarter.

Ring Energy: A Founders Ticket To A Solution

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THE WOODLANDS, Texas, July 08, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today updated second quarter of 2024 sales guidance and end-of-period debt, and announced reaffirmation of the $600 million borrowing base. Key Highlights Increases second quarter 2024 sales guidance range above its high end of prior guidance for both barrels of oil per day (“Bopd”) and barrels of oil equivalent per day (“Boepd”).

Ring Energy Increases Sales Guidance and Announces Debt Reduction Results for Second Quarter 2024

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THE WOODLANDS, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced management team changes, including the pending departure of two senior executives.

Ring Energy Announces Management Team Changes

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Ring Energy, Inc. reported Q1 2024 sales volumes above expectations. It did not change its full-year guidance, but I am assuming it will do better than the guidance midpoint. Despite this, Ring's 2024 free cash flow is now projected at $55 million, $12 million less than when I last looked at it.

Ring Energy: Lowered Free Cash Flow Expectations Despite Strong Q1 Sales Volumes

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Ring Energy, Inc. management is working towards achieving an appropriate debt ratio which would revalue the stock considerably higher. The company has reported significant financial and operating improvements from recent acquisitions, which are helping to meet market and debt requirements. Despite natural gas price drops, Ring Energy has managed to maintain a stable debt ratio, indicating potential progress if commodity prices remain steady.

Ring Energy: Big Cash Flow Progress

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RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Jennifer Suess - Senior Vice President, General Counsel, ESG and Corporate Secretary Jonathan Gitlin - President and Chief Executive Officer Dennis Blasutti - Chief Financial Officer Oliver Harrison - Senior Vice President, Leasing and Tenant Experience Andrew Duncan - Chief Investment Officer John Ballantyne - Chief Operating Officer Conference Call Participants Sam Damiani - TD Securities Lorne Kalmar - Desjardins Mike Markidis - BMO Mario Saric - Scotiabank Pammi Bir - RBC Operator Good day, ladies and gentlemen, and welcome to the RioCan Real Estate Investment First Quarter 2024 Conference Call and Webcast. As a reminder, this conference call is being recorded.

RioCan Real Estate Investment Trust (RIOCF) Q1 2024 Earnings Call Transcript

Ring Energy, Inc. (NYSE:REI ) Q1 2024 Earnings Conference Call May 7, 2024 11:00 AM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman and Chief Executive Officer Travis Thomas - Executive Vice President and Chief Financial Officer Alex Dyes - Executive Vice President, Engineering and Corporate Strategy Marinos Baghdati - Executive Vice President, Operations Steve Brooks - Executive Vice President, Land, Legal, Human Resources and Marketing Conference Call Participants Neal Dingmann - Truist Securities Jeff Grampp - Alliance Global Partners Operator Good morning and welcome to the Ring Energy First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please also note today's event is being recorded.

Ring Energy, Inc. (REI) Q1 2024 Earnings Call Transcript

Ring Energy (REI) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.14 per share a year ago.

Ring Energy (REI) Q1 Earnings Miss Estimates

~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~ ~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~

Ring Energy Announces First Quarter 2024 Results, Provides Second Quarter 2024 Outlook and Reiterates Full Year 2024 Guidance

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THE WOODLANDS, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its first quarter 2024 earnings release and conference call.

News for Ring Energy Stock (REI)