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.
Key figures
- Revenue
- $102.3 million
- Guidance
- Q4 2026: oil 12,900-13,500 Bo/d, total sales 20,400-21,200 Boepd, capex $43-$48M, LOE $9.80-$10.30/Boe; FY 2027: oil 13,200-14,300 Bo/d, total 21,000-23,000 Boepd, capex $135-$165M
- Revenue Yoy
- 30%
- Oil bopd
- 12818
- Loa per boe
- $10.20
- Adjusted fcf
- -$13.8 million
- Lqa leverage
- 1.5x
- Adjusted ebitda
- $57.1 million
- Production boepd
- 20635
- Revolver balance
- $350.0 million
- Realized oil price
- $83.72 per barrel
- Adjusted net income
- $27.3 million ($0.10 per diluted share)
- Noncore asset sales
- $30.5 million
- Operating cash flow
- $63.1 million
- Cbp leasehold acquisition
- $18.8 million
AI analysis
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