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.
Key figures
- Revenue
- 73671664
- Guidance
- Q2 2026 Total Oil 12,450-13,450 Bo/d; Total Boe/d 19,400-21,000; CapEx $28-36M; LOE $10.05-$11.05/Boe
- Capex
- 34500000
- Liquidity
- 160000000
- Loe per boe
- 10.41
- Adjusted fcf
- 236809
- Adjusted ebitda
- 38300000
- Impairment charge
- 162100000
- Production boe pd
- 19351
- Production oil bpd
- 12276
- Adjusted net income
- 7400000
AI analysis
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