RING ENERGY, INC. (REI) Ring Energy, Inc. operates as an oil and natural gas exploration and production firm, concentrating its efforts on the acquisition, development, and extraction of these resources across Texas and New Mexico. By the close of 2021, specifically December 31st, the company had established proved reserves totaling roughly 77.8 million barrels of oil equivalent. Its asset portfolio includes significant acreage: 18,882 net developed acres alongside 1,406 net undeveloped acres in Texas's Andrews and Gaines counties; an additional 18,437 net developed acres situated in Culberson and Reeves counties, Texas; and a combined 13,662 net developed acres with 11,993 net undeveloped acres located across Yoakum, Runnels, and Coke Counties in Texas, as well as Lea County, New Mexico. The company's oil and natural gas output is primarily distributed to end-users, marketing firms, and other various buyers. Incorporated in 2004, Ring Energy, Inc. was initially known as Transglobal Mining Corp. until its name was officially changed in March 2008. The company's principal office is located in The Woodlands, Texas.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Ring Energy, Inc. NYSE:REI Energy · Oil & Gas Exploration & Production
Pre Pre-market +0.00% $1.11
Close $1.11 AH $1.10 Now $1.11 PM VOL 48K $ Vol ≈ $53K RVOL 3.43x
Close $1.11 -0.89% AH $1.10 -0.90% vs close
Mkt Cap $289.2M
PM VOL 48K sh
$ Vol ≈$53K
RVOL 3.43×
Press Release ⚠ 3
Ring Energy Reports Third Quarter 2026 Results, Updates Guidance and Advances Disciplined Portfolio Strategy
Ring Energy reported Q3 2026 revenue of $102.3 million, down ~2% sequentially on lower realized oil prices of $83.72 per barrel, but posted a GAAP net loss of $16.6 million ($0.06 per diluted share) driven by a $41.0 million unrealized derivative loss.
On an adjusted basis the results were stronger: Adjusted Net Income rose ~14% to $27.3 million ($0.10 per diluted share) and Adjusted EBITDA grew ~5% to $57.1 million, while production rose ~3% to 20,635 Boe/d.
The company recycled capital aggressively, selling ~$30.5 million of non-core assets, acquiring $18.8 million of Central Basin Platform leasehold that expands its core footprint by over 25%, and cutting revolver debt by $10.0 million to $350 million, lowering leverage to 1.5x.
Ring deliberately outspent adjusted free cash flow this quarter (AFCF of -$13.8 million) to accelerate its longer-lateral program, but guides to being cash flow positive in Q4 and updated 2027 guidance pro forma for divestitures, with FY 2027 capex of $135-$165 million and total volumes of 21,000-23,000 Boepd.
• 3d ago AI analysis › Press Release
Ring Energy Announces Timing of Third Quarter 2026 Earnings Release and Conference Call
Ring Energy announced it will release third quarter 2026 results after market close on Thursday, November 5, 2026.
A conference call to discuss the results is scheduled for Friday, November 6, 2026 at 11:00 a.m. ET, with a webcast available on the company's website.
• 17d ago AI analysis › Press Release ● Major
Ring Energy Releases Second Quarter 2026 Results, Advances Development Program and Provides Initial 2027 Outlook
Ring Energy reported Q2 2026 revenue of $104.7 million, up 27% year-over-year, with Adjusted EBITDA increasing 42% sequentially to $54.5 million driven by higher realized commodity prices.
Operational performance remained strong with production averaging 19,990 Boe per day and lease operating expenses improving to $10.12 per Boe, near the low end of guidance.
The company raised its second-half 2026 production outlook to 13,000-13,950 Bopd and provided initial 2027 guidance targeting approximately 10% production growth alongside a 10% reduction in capital expenditures.
• 3mo ago AI analysis › Press Release
Ring Energy Announces Timing of Second Quarter 2026 Earnings Release and Conference Call
Ring Energy will release its second quarter 2026 earnings after the market closes on Wednesday, August 5, 2026.
The company has scheduled a conference call to discuss operational and financial results for the following day, Thursday, August 6, 2026 at 11:00 a.m. ET.
• 3mo ago AI analysis › Press Release
Ring Energy Announces Debt Paydown, Reaffirmation of Borrowing Base and Enhanced Liquidity Position
Ring Energy reduced outstanding borrowings by $66 million during the second quarter of 2026, using proceeds from a recent equity offering and cash flow from operations. This brought total debt outstanding under the Credit Facility to $360 million at June 30.
The company increased its liquidity to $226.1 million from $160 million at March 31, a 41% improvement, following the semi-annual redetermination. The $1.0 billion revolving credit facility borrowing base was reaffirmed at $585 million.
Additionally, the facility was amended to eliminate the 10-basis point SOFR credit spread adjustment, lowering borrowing costs. Management emphasized that these actions enhance flexibility and strengthen the balance sheet.
• 4mo ago AI analysis › Press Release
Ring Energy Joins Russell 3000® Index
Ring Energy has been added to the broad-market Russell 3000 Index, effective immediately, which results in automatic inclusion in the small-cap Russell 2000 Index as well.
CEO Paul D. McKinney stated that this milestone should increase visibility within the institutional investor community and broaden share ownership.
FTSE Russell determines membership based on objective market-capitalization rankings, with the reconstitution capturing the largest U.S. stocks as of April 30, 2026.
• 4mo ago AI analysis › Press Release
Ring Energy to Participate in Water Tower Research Fireside Chat on May 20, 2026
Ring Energy will participate in a fireside chat hosted by Water Tower Research on May 20, 2026, at 10:00 AM Central Time.
The discussion will feature CEO Paul McKinney and other executives, focusing on the company's transition to horizontal development in the Permian Basin.
Management will also address how recent capital markets activity supports financial flexibility, leverage reduction, and long-term free cash flow generation.
• 5mo ago AI analysis › Press Release ● Major ⚠ 2
Ring Energy Announces Pricing of Public Offering of Common Stock
Ring Energy priced a public offering of 44,444,445 shares of common stock at $1.35 per share, a 12% discount to the prior close of $1.53.
The gross proceeds from the offering are expected to be approximately $60 million, before deducting underwriting discounts and commissions.
The company plans to use the net proceeds primarily for the repayment of outstanding borrowings under its senior secured revolving credit facility, with any remaining proceeds for general corporate purposes.
• 5mo ago AI analysis › Press Release ● Critical
Ring Energy Announces Proposed Public Offering of Common Stock
globenewswire.com • 5mo ago Press Release ⚠ 3
Ring Energy Releases First Quarter 2026 Results
Ring Energy reported Q1 2026 revenue of $73.7 million but posted a GAAP net loss of $220.6 million, driven primarily by a $162.1 million non-cash ceiling test impairment and a $77.0 million unrealized derivative loss.
Excluding these items, the company generated Adjusted Net Income of $7.4 million and Adjusted EBITDA of $38.3 million, while remaining cash flow positive for the 26th consecutive quarter with $25.9 million in operating cash flow.
Management temporarily paused debt reduction to increase capital expenditures to $34.5 million, aiming to capture attractively priced inventory ahead of expected sustained higher oil prices, and maintained total liquidity of $160 million.
• 6mo ago AI analysis › Press Release ● Major
Ring Energy Announces Timing of First Quarter 2026 Earnings Release and Conference Call
globenewswire.com • 6mo ago 
