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Ring Energy: Large Capex Reduction To Boost Free Cash Flow
Seeking Alpha· 2025-05-11 07:21
Group 1 - Ring Energy (REI) reported solid Q1 2025 results but is expected to generate minimal free cash flow for the remainder of 2025 at current strip prices with its original development plans [2] - The company has significantly reduced its capital expenditure (capex) budget in response to the anticipated cash flow challenges [2] Group 2 - The article highlights the expertise of Aaron Chow, also known as Elephant Analytics, who has over 15 years of analytical experience and is a top-rated analyst on TipRanks [2] - Aaron Chow co-founded a mobile gaming company that was acquired by PENN Entertainment and has a strong background in designing economic models for mobile apps [2]
Ring Energy(REI) - 2025 Q1 - Quarterly Results
2025-05-09 20:11
Exhibit 99.1 RING ENERGY ANNOUNCES FIRST QUARTER 2025 RESULTS AND PROVIDES UPDATED 2025 OUTLOOK The Woodlands, TX – May 7, 2025 – Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported operational and financial results for first quarter 2025 and provided updated guidance for the second half of the year. First Quarter 2025 Highlights Management Commentary Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, "We're excited to kick off 2025 with a strong ...
Ring Energy(REI) - 2025 Q1 - Earnings Call Transcript
2025-05-08 17:00
Ring Energy (REI) Q1 2025 Earnings Call May 08, 2025 12:00 PM ET Speaker0 Good day, and welcome to the Ring Energy's First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Al Petrie, Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good morning, everyone. We appreciate you ...
Ring Energy(REI) - 2025 Q1 - Earnings Call Presentation
2025-05-08 11:24
This Presentation includes financial measures that are not in accordance with accounting principles generally accepted in the United States ("GAAP"), such as "Adjusted Net Income," "Adjusted EBITDA," "PV-10," "Adjusted Free Cash Flow" or "AFCF," "Adjusted Cash Flow from Operations" or "ACFFO," "Cash Return on Capital Employed" or "CROCE," "Leverage Ratio," "All- in Cash Operating Costs," and "Cash Operating Margin." While management believes that such measures are useful for investors, they should not be us ...
Ring Energy: Acquisition Completed But Outlook Uncertain
Seeking Alpha· 2025-05-08 03:57
I analyze oil and gas companies like Ring Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here ...
Ring Energy (REI) Lags Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 00:25
Ring Energy shares have lost about 36.8% since the beginning of the year versus the S&P 500's decline of -4.7%. What's Next for Ring Energy? While Ring Energy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming qua ...
Ring Energy(REI) - 2025 Q1 - Quarterly Report
2025-05-07 21:09
Table of Contents For the transition period from ______ to ______ Commission file number 001-36057 Ring Energy, Inc. (Exact name of registrant as specified in its charter) United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 o Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (State or other jurisdiction of ...
Ring Energy Announces First Quarter 2025 Results and Provides Updated 2025 Outlook
GlobeNewswire· 2025-05-07 21:07
THE WOODLANDS, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for first quarter 2025 and provided updated guidance for the second half of the year. First Quarter 2025 Highlights Sold 12,074 barrels of oil per day (“Bo/d”) (> high end of guidance) and 18,392 barrels of oil equivalent per day (“Boe/d”) (> mid point of guidance);Reported net income of $9.1 million, or $0.05 per diluted share, and Adjusted ...
Ring Energy Updates Second Quarter 2025 Guidance
GlobeNewswire· 2025-04-24 20:45
~ Reaffirms Sales Volume Guidance and Substantially Reduces Capital Guidance ~THE WOODLANDS, Texas, April 24, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided updated guidance for the second quarter of 2025, which included reaffirming its previous outlook for oil and total sales volumes despite a significant reduction in the Company’s capital spending guidance, which was lowered in response to the recent decline in oil prices. KEY Q2 UPDATED GUIDANCE H ...
Ring Energy Provides Operational Update - Amended to Correct Wells Drilled in First Quarter 2025
GlobeNewswire· 2025-04-18 20:45
Core Insights - Ring Energy, Inc. reported strong operational performance in Q1 2025, with oil sales volumes exceeding guidance and a successful asset acquisition [2][4][7] - The company emphasizes a value-focused strategy aimed at generating free cash flow and maintaining disciplined capital spending [4][7] Operational Performance - Oil production reached over 12,000 barrels per day (Bo/d), surpassing the high end of guidance [7] - Total sales volumes exceeded the midpoint of guidance, with over 18,300 barrels of oil equivalent per day (Boe/d) [7] - The success of the drilling program, which included 7 new wells, contributed to the outperformance [7] Asset Acquisition - The acquisition of Lime Rock's Central Basin Platform assets was completed on March 31, 2025, enhancing cash flow from long-life, oil-weighted assets [4][7] - Initial operational synergies were realized, reducing lease operating expenses (LOE) by over 5% [7] Future Outlook - The company plans to release its Q1 2025 earnings on May 7, 2025, followed by a conference call on May 8, 2025 [5] - Management expressed confidence in the company's ability to navigate commodity price volatility through flexible contracting and hedging strategies [4][7]