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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Bank line reviews in the current fiscal year should not be an issue. Well economics (which include a location cost) are among the best in the industry.

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-- Successful 2021 Drilling Campaign Focused on Highest Rate-of-Return Inventory and Capitalizing on Higher Oil Price Environment -- THE WOODLANDS, Texas, June 16, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update on its previously announced program to drill and complete three wells (“the “Phase II Program”) on the Company's top tier Northwest Shelf (“NWS”) acreage, targeting Ring's highest rate-of-return projects in Yoakum County, Texas.

Ring Energy Provides Encouraging Update on Northwest Shelf Phase II Development Program

THE WOODLANDS, Texas, June 10, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base under its senior revolving credit facility (the “Credit Facility”) was successfully reaffirmed at its current level of $350 million.

Ring Energy Announces Successful Results of Spring 2021 Redetermination of Senior Credit Facility

THE WOODLANDS, Texas, June 07, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update on its derivate positions for 2021 and 2022 as it opportunistically responds to an improved crude oil price environment.

Ring Energy Executes Targeted Hedging Transactions to Further Increase Free Cash Flow Generation in 2021

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Ring may be able to generate close to $60 million in positive cash flow in 2022 at $60 WTI oil. Strong oil prices are helping it to reduce its debt to an acceptable level.

Ring Energy: Fewer Hedges In 2022 Could Lead To Accelerated Debt Reduction

Ring Energy, Inc. (REI) CEO Paul McKinney on Q1 2021 Results - Earnings Call Transcript

Ring Energy (REI) delivered earnings and revenue surprises of 40.00% and 30.91%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Ring Energy (REI) Q1 Earnings and Revenues Top Estimates

Generates Free Cash Flow for Sixth Consecutive Quarter, Further Pays Down Debt and Reaffirms Full Year 2021 Guidance Generates Free Cash Flow for Sixth Consecutive Quarter, Further Pays Down Debt and Reaffirms Full Year 2021 Guidance

Ring Energy Announces First Quarter 2021 Results

-- Announces Timing of First Quarter 2021 Earnings Release and Conference Call -- THE WOODLANDS, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) announced today it further paid down debt in the first quarter of 2021, and provided an update on its previously announced Northwest Shelf (“NWS”) drilling program and sales volumes for the first quarter of 2021. In addition, the Company announced the timing of its first quarter 2021 earnings release and conference call.

Ring Energy Provides Guidance on First Quarter 2021 Debt Reduction, Drilling Program and Sales Volumes

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THE WOODLANDS, Texas, April 14, 2021 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) announced today it recently initiated the next phase of its previously-announced Northwest Shelf (“NWS”) drilling program with three wells located in the top tier acreage of the Company's highest rate-of-return projects, located in Yoakum County, Texas.

Ring Energy, Inc. Provides Update on Drilling Program

Investors need to pay close attention to Ring Energy (REI) stock based on the movements in the options market lately.

Implied Volatility Surging for Ring Energy (REI) Stock Options

HOUSTON, April 1, 2021 /PRNewswire/ -- American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy, Inc. (NYSE: REI), announced today that we are generally encouraged by Ring Energy's actions over the past year which follows the guidance laid out in our March 2, 2020 letter to the Board of Directors of Ring Energy, which provided explicit recommendations to strengthen the Company in the near-term such as: Reconstitute the Board of Directors to address entrenchment, inter-relation among directors, and lack of fresh perspective and opinion on the Board Consolidate office locations and management to a central location to save G&A and allow for constructive interaction Focus investment on core assets, divest non-core assets when the market recovers Build management credibility with focus on investor relations and public communications strategy Engage major market independent audit firm to enhance Company credibility and accountability Following delivery of our March 2020 letter, Ring Energy has implemented most of our near-term strategy recommendations to some extent, with many actions following soon after the appointment of new Ring Energy CEO Paul D. McKinney, who met with representatives of American Resources and SK Energy in late summer of 2020 to discuss our March 2020 letter and recommendations.

Large Ring Energy, Inc. Shareholders Encouraged that Ring Energy Has Followed Recommendations and are Starting to Deliver Shareholder Value

Travis Thomas Promoted to Chief Financial Officer Travis Thomas Promoted to Chief Financial Officer

Ring Energy Announces Changes in Company Leadership

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Ring Energy (REI) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

Surging Earnings Estimates Signal Good News for Ring Energy (REI)

Ring Energy, Inc. (REI) CEO Paul McKinney on Q4 2020 Results - Earnings Call Transcript

Ring Energy (REI) delivered earnings and revenue surprises of 75.00% and 9.46%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Ring Energy (REI) Q4 Earnings and Revenues Surpass Estimates

--- Generates Free Cash Flow for Fifth Consecutive Quarter --- --- Generates Free Cash Flow for Fifth Consecutive Quarter ---

Ring Energy Announces Fourth Quarter and Full Year 2020 Results Including Year-End 2020 Proved Reserves and Affirms 2021 Guidance

Let's see if Ring Energy (REI) stock is a good choice for value-oriented investors right now from multiple angles.

News for Ring Energy Stock (REI)