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

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Earnings data Q1 2022

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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 (REI) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.29 per share a year ago.

Ring Energy (REI) Beats Q2 Earnings Estimates

~ Second Half 2023 to Benefit from Targeted 2023 Capital Spending Program and Recently Announced Acquisition ~

Ring Energy Announces Second Quarter 2023 Results and Reiterates Quarterly Guidance for Second Half 2023

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q2 2023 Earnings Conference Call August 3, 2023 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 Andrew Duncan - Chief Investment Officer John Ballantyne - Chief Operating Officer Oliver Harrison - Senior Vice President, Leasing and Tenant Experience Conference Call Participants Lorne Kalmar - Desjardins Sam Damiani - TD Cowen Pammi Bir - RBC Capital Markets Tal Woolley - National Bank Jenny Ma - BMO Capital Markets Operator Good day, ladies and gentlemen, and welcome to the RioCan Real Estate Investment Trust Second quarter 2023 Conference Call and Webcast. As a reminder, this conference call is being recorded.

RioCan Real Estate Investment Trust (RIOCF) Q2 2023 Earnings Call Transcript

THE WOODLANDS, Texas, July 20, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its second quarter 2023 earnings release and conference call.

Ring Energy Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

Ring Energy's (REI) acquisition of the Central Basin Platform assets marks a significant step in expanding its operational footprint and enhancing shareholder value.

Ring Energy (REI) to Acquire Permian Basin Assets for $75M

Expected to Grow Production, Reserves, Free Cash Flow and Other Key Metrics Expected to Grow Production, Reserves, Free Cash Flow and Other Key Metrics

Ring Energy Announces Accretive All Cash Asset Acquisition Strategically Expanding Core Operating Area

The typical oil well production decline curve in the early years is much flatter than is the case with unconventional wells. Assimilating and optimizing the Stronghold acquisition will likely be the Ring Energy, Inc. priority of this fiscal year. The rework proposals have a very fast payback, and there are a lot of them.

Ring Energy: Conventional Operator

~ Net Sales Proceeds from Transaction Used to Further Pay Down Debt ~ ~ Net Sales Proceeds from Transaction Used to Further Pay Down Debt ~

Ring Energy Announces $25 Million Debt Reduction in Q2 2023 and Sale of Non-Core Delaware Basin Assets

THE WOODLANDS, Texas, June 27, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base was reaffirmed at $600 million under its $1.0 billion senior revolving credit facility (the “Credit Facility”).

Ring Energy Announces Successful Results of Senior Credit Facility Spring 2023 Redetermination

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Ring realized $8.86 per BOE for its non-oil production in Q1 2023. These low realized prices may persist for a couple more quarters, but should improve by late 2023. It is now projected to generate $34 million in free cash flow during 2023 at the current strip.

Ring Energy: Receiving Low Realized Prices For Non-Oil Production

Management reported profit progress even though commodity prices dropped materially. The stock price declined because the market does not value the hedging program. Individual investors often do not realize that commodity hedging can handle large commodity price swings. The result is a lot of comments on my articles about expected losses.

Ring Energy: Profits Despite A Large Commodity Price Drop

We had downgraded RioCan ahead of Q4-2022 results. The stock has moved lower post release of those and the Q1-2023 results.

RioCan: Look For More Valuation Compression

THE WOODLANDS, Texas, May 16, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in an investor event hosted by Water Tower Research (“WTR”) on May 17, 2023 at 2:00 PM Eastern.

Ring Energy Announces Participation in Water Tower Research Fireside Chat Series Event on May 17

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q1 2023 Results Conference Call May 11, 2023 10:00 AM ET Company Participants Jennifer Suess - SVP, General Counsel, ESG and Corporate Secretary Jonathan Gitlin - CEO and President Dennis Blasutti - CFO Andrew Duncan - CIO John Ballantyne - COO Oliver Harrison - SVP, Leasing and Tenant Experience Conference Call Participants Sam Damiani - TD Cohen Lorne Kalmar - with Desjardins Pammi Bir - RBC Capital Markets Tal Woolley - National Bank Operator Good day, ladies and gentlemen, and welcome to the RioCan Real Estate Investment Trust First Quarter 2023 Conference Call and Webcast. As a reminder, this conference call is being recorded.

RioCan Real Estate Investment Trust (RIOCF) Q1 2023 Earnings Call Transcript

Ring Energy (NYSE:REI ) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman and Chief Executive Officer Travis Thomas - 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 Jeff Grampp - Alliance Global Partners Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Operator Hello and welcome to the Ring Energy's First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

Ring Energy (REI) Q1 2023 Earnings Call Transcript

Ring Energy (REI) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.22 per share a year ago.

Ring Energy (REI) Matches Q1 Earnings Estimates

THE WOODLANDS, Texas, May 03, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the first quarter of 2023. In addition, the Company provided second quarter guidance and reiterated its full year 2023 outlook.

Ring Energy Announces First Quarter 2023 Results and Reiterates Full Year 2023 Guidance

THE WOODLANDS, Texas, May 01, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its first quarter 2023 earnings release and conference call.

Ring Energy Announces Timing of First Quarter 2023 Earnings Release and Conference Call

Ring Energy: A Strong (Hold) Future Ahead.

Ring Energy: A Strong (Hold) Future Ahead

Ring Energy: Increased Debt Reduction Due To Oil Prices And Exercised Warrants

THE WOODLANDS, Texas, April 17, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced its participation in the EnerCom Dallas Conference to be held in Dallas, Texas where Chairman and Chief Executive Officer Paul McKinney is scheduled to make a presentation on Tuesday, April 18th at 9:15 am Central Daylight Time.

Ring Energy Announces Participation in EnerCom Dallas Conference

THE WOODLANDS, Texas, April 12, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that 14,512,166 of its outstanding warrants have been amended to lower their exercise price to $0.62 per share in exchange for early exercise of the warrants, resulting in gross proceeds to the Company of $8,997,543 and the issuance of 14,512,166 shares of common stock. After the full exercise of the above warrants, there remain outstanding warrants to purchase 78,200 shares of common stock.

Ring Energy, Inc. Announces Exercise and Price Reduction of Nearly All of Its Outstanding Warrants

Ring is projected to generate $44 million in free cash flow in 2023 at $70 WTI oil. Ring's oil cut has decreased after the Stronghold acquisition, going from 86% in Q2 2022 to a projected 68% for 2023.

Ring Energy: A Look At 2023 With $70 Oil

Ring Energy, Inc. (NYSE:REI ) Q4 2022 Earnings Conference Call March 10, 2023 11:00 AM ET Company Participants Al Petrie - IR Paul McKinney - Chairman & CEO Travis Thomas - CFO Marinos Baghdati - EVP of Operations Alex Dyes - EVP of Engineering & Corporate Strategy Steve Brooks - EVP of Land, Legal, Human Resources & Marketing Conference Call Participants Neal Dingmann - Truist Securities Jeff Robertson - Water Tower Research Noel Parks - Tuohy Brothers Operator Good morning, and welcome to Ring Energy's Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in listen-only mode.

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