$1.500
+0.031 (+2.04%)收盤時
REI 資訊
REI 事件
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.
Ring Energy Commences $60M Underwritten Public Offering
Ring Energy announced that it has commenced an underwritten public offering of $60M of shares of its common stock. The company intends to use the net proceeds from the offering for the repayment of outstanding borrowings under its senior secured revolving credit facility. The company intends to use any remaining proceeds for general corporate purposes. Mizuho, BofA Securities and Raymond James are acting as joint book-running managers for the offering.
Ring Energy Reports Q4 Revenue of $66.9M, Down Year-over-Year
Reports Q4 revenue $66.9M vs. $83.4M last year. Sold 13,124 barrels of oil per day, near the mid-point of guidance, and 20,508 Boe/d, which was above the mid-point of guidance. CEO Paul McKinney commented: "Ring Energy delivered strong operational and financial results in 2025, demonstrating the effectiveness of our disciplined, value focused strategy. While the year presented significant challenges across the oil and gas sector, including a roughly 18% year over year decline in realized prices, we responded decisively early in Q1. By adjusting our drilling plans, reducing our capital spending, focusing investment on our highest return opportunities and taking advantage of the production from the Lime Rock acquisition, we protected margins, improved efficiency, and performed well despite a volatile macroeconomic backdrop...These operational improvements drove strong financial results. We generated a record $50M of Adjusted Free Cash Flow, a 15% increase year over year, paid down $40M of debt since closing the Lime Rock acquisition, and paid the $10M deferred cash payment for the Lime Rock acquisition. Importantly, we extended our record to 25 consecutive quarters of positive cash flow generation."
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