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.

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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) delivered earnings and revenue surprises of -13.33% and 13.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Ring Energy (REI) Q4 Earnings Lag Estimates

~ Transformational Acquisition Helped Drive Record Production, Reserves, Revenue, Net Income and Adjusted EBITDA for Full Year 2022 ~

Ring Energy Announces Record Fourth Quarter and Full Year 2022 Results, Nearly 80% Increase in Year-End 2022 Proved Reserves and Provides 2023 Guidance

Digging out from under what was considered a conservative debt load remains the priority for Ring Energy, Inc. The new acquisition has a lot of rework projects that promise to generate a lot of free cash flow.

Ring Energy: Mr. Market Says Keep Digging

THE WOODLANDS, Texas, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its upcoming earnings release and conference call.

Ring Energy Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Jennifer Suess - SVP, General Counsel ESG and Corporate Secretary Jonathan Gitlin - President and CEO Dennis Blasutti - CFO John Ballantyne - Chief Operating Officer Oliver Harrison - Senior VP, Operations Conference Call Participants Mario Saric - Scotiabank. Dean Wilkinson - CIBC Pammi Bir - RBC Capital Markets Shalabh Garg - Veritas Investment Research Corporation Sam Damiani - TD Securities Operator Good day, ladies and gentlemen, and welcome to the RioCan Real Estate Investment Trust Fourth Quarter 202 Conference Call.

RioCan Real Estate Investment Trust (RIOCF) Q4 2022 Earnings Call Transcript

Ring is now projected to generate $71 million in positive cash flow at current mid-$70s WTI strip for 2023. This would reduce its net debt to around 1.4x EBITDAX by the end of 2023.

Ring Energy: Now Projected To Generate $71 Million FCF In 2023 At Strip

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Diamondback Energy has acquired acreage in the area. The newly acquired acreage is a conventional opportunity with cheap reworks and vertical wells.

Ring Energy: Right Place, Right Time

THE WOODLANDS, Texas, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has issued its 2022 Sustainability Report, which is available on the Company's website at www.ringenergy.com under the “Sustainability” tab.

Ring Energy Announces Issuance of 2022 Sustainability Report

Large short interest of float could create a short squeeze. Low valuation could double to a 5.0x P/E and a $5.00 stock. Strong year-over-year performance driven by Stronghold Acquisition. 100% increase in production and 243% increase in cashflow.

Ring Energy: Short Squeeze Momentum Likely Into 2023

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The combined company will first optimize operations. Debt reduction continues to be the priority.

Ring Energy: Backing Away From A Financial Cliff

Ring Energy, Inc. (NYSE:REI ) Q3 2022 Results Conference Call November 10, 2022 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 Jeffrey Campbell - Alliance Global Partners Neal Dingmann - Truist Jeff Robertson - Water Tower Research Noel Parks - Tuohy Brothers Operator Good morning, and welcome to the Ring Energy's Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Ring Energy, Inc. (REI) Q3 2022 Earnings Call Transcript

Ring Energy (REI) delivered earnings and revenue surprises of 12% and 42.45%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Ring Energy (REI) Surpasses Q3 Earnings and Revenue Estimates

Closed Transformational Acquisition and Increased Production, Revenue, Net Income, Adjusted EBITDA and Free Cash Flow Closed Transformational Acquisition and Increased Production, Revenue, Net Income, Adjusted EBITDA and Free Cash Flow

Ring Energy Announces Record Results for Third Quarter Of 2022

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q3 2022 Results Conference Call November 4, 2022 10:00 AM ET Company Participants Jennifer Suess - SVP, General Counsel and Corporate Secretary Jonathan Gitlin - President and CEO Dennis Blasutti - CFO John Ballantyne - Chief Operating Officer Andrew Duncan - CIO Conference Call Participants Mark Rothschild - Canaccord Genuity Mario Saric - Scotiabank Sam Damiani - TD Securities Jenny Ma - BMO Capital Markers Tal Woolley - National Bank Financial Pammi Bir - RBC Capital Markets Dean Wilkinson - CIBC Operator Good day, ladies and gentlemen, and welcome to the RioCan Real Estate Investment Trust Third Quarter 2022 Conference Call and Webcast. As a reminder, this conference call is being recorded.

RioCan Real Estate Investment Trust (RIOCF) Q3 2022 Earnings Call Transcript

Ring Energy (REI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ring Energy (REI) Earnings Expected to Grow: Should You Buy?

THE WOODLANDS, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced the timing of its third quarter 2022 earnings release and conference call.

Ring Energy Announces Timing of Third Quarter 2022 Earnings Release and Conference Call

The decline rate is more favorable than for an unconventional producer. Wells are relatively cheap for the industry.

Ring Energy: Conventional Producer

Ring provided its outlook for 2023, which involves averaging approximately 19,000 BOEPD for $150 million to $175 million in capex. Ring is projected to generate $127 million in positive cash flow at current high-$70s WTI strip for 2023.

Ring Energy: A Look At Its Outlook For 2023

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Ring Energy (REI) Stock Undervalued Right Now?

THE WOODLANDS, Texas, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational update for the third quarter and full year 2022, revised guidance for the fourth quarter of 2022, and an initial outlook for the 2023 full year that reflects the previously announced completion of its acquisition (the “Transaction”) of the assets of privately held Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP (collectively, “Stronghold”).

Ring Energy Provides Operational Update, Revised Fourth Quarter Guidance & Initial Outlook for 2023

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