Earnings ·
Ring Energy, Inc. reported second quarter 2026 financial results, posting net income of $64.8 million ($0.27 per…
REIRing Energy, Inc.
Ring Energy, Inc. reported second quarter 2026 financial results, posting net income of $64.8 million ($0.27 per diluted share), which included a $42.2 million unrealized mark-to-market gain on commodity derivatives. Adjusted Net Income was $24.0 million and Adjusted EBITDA increased 42% to $54.5 million. The company produced an average of 19,990 barrels of oil equivalent per day and generated $40.8 million in operating cash flow. Ring Energy reduced borrowings on its revolving credit facility by $66 million, lowering total debt to $360 million and increasing liquidity to approximately $226.1 million at June 30, 2026. Management updated guidance for the second half of 2026, targeting oil production between 13,000 and 13,950 barrels per day and capital expenditures of $80 million to $100 million. The company also provided initial 2027 outlooks projecting approximately 10% production growth over full-year 2026 levels and capital expenditures roughly 10% lower than the prior year. Ring Energy, Inc. is an oil and gas exploration, development, and production company focused on assets in the Permian Basin.