Ring Energy Inc（REI）のニュースとイベントREIRing Energy Inc

Ring Energy Q2 Revenue $104.68M Exceeds Expectations

Reports Q2 revenue $104.68M, consensus $93.29M. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, "The second quarter marked another period of efficient and effective execution for Ring Energy. We delivered production within guidance, reduced per-Boe operating costs, significantly increased Adjusted EBITDA, and generated positive Adjusted Free Cash Flow1 for the 27th straight quarter. Additionally, we continued strengthening our balance sheet while positioning the Company for the next phase of its development strategy. The equity offering completed during the quarter gave us the balance sheet capacity to fund the acceleration of our development transition without losing focus on decreasing our leverage ratio. Rather than choosing between strengthening the balance sheet and investing in the highest-return phase of our development plan, the timing of this raise allowed us to do both. We expect our expanded drilling program to be funded primarily through operating cash flow going forward, with leverage continuing to trend toward our 1.25x target as this investment cycle completes. When considering these results and the expansion of our undeveloped drilling inventory due to our 2026 capital program, the Company is meaningfully stronger in almost every regard than it was at the beginning of the year."

Mizuho and Others Price Offering Below $1.78

The deal priced below last closing price of $1.78. Mizuho, BofA and Raymond James are acting as joint book running managers for the offering.

Mizuho, BofA and Raymond James Jointly Manage Offering

Mizuho, BofA and Raymond James are acting as joint book running managers for the offering.