Earnings ·
Ring Energy reports $16.6M Q3 net loss and updates 2027 guidance
REIRing Energy, Inc.
Ring Energy reported a third-quarter 2026 net loss of $16.6 million, or $0.06 per diluted share, driven by a $41.0 million unrealized loss on commodity derivatives. Adjusted net income rose 14% to $27.3 million ($0.10 per share), and adjusted EBITDA increased 5% to $57.1 million despite a 12% decline in realized oil prices to $83.72 per barrel. The company generated $63.1 million in operating cash flow, reduced revolving credit facility borrowings by $10.0 million to $350.0 million, and monetized approximately $30.5 million of non-core assets while acquiring $18.8 million of core leasehold interests in the Central Basin Platform. Management updated 2027 guidance, projecting oil production of 13,200-14,300 barrels per day and capital expenditures of $135-$165 million. Ring Energy is an oil and gas exploration, development, and production company focused on the Permian Basin.