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Torsten Asmus Ring Energy (NYSE:REI) delivered Q2 2024 sales volumes that were significantly above expectations, and also increased its full-year guidance by 4% to 5%. The strong sales volumes allowed it to generate $37 million in adjusted free cash flow for 1H 2024 despite low realized prices for its non-oil production. Ring only paid its credit facility debt down by $18 million in the first half of 2024 though, due to the impact of working capital changes (some of its free cash flow went to reducing accou ...

bjdlzx Ring Energy (NYSE:REI) is one of many producers not making any money at all producing natural gas. In fact, right now, the net price received is negative. Therefore, increasing the mix of oil produced is going to have some dramatic effects on the profitability of the company. Now, the wells that this company drills are relatively small wells. It therefore takes a lot of these wells to make a difference. However, with cheap wells like these, that "lot of wells" could prove to be a fast fix. More Oil B ...

THE WOODLANDS, Texas, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today announced its participation in the EnerCom Denver Conference to be held in Denver, Colorado where Paul McKinney, Chairman and Chief Executive Officer, is scheduled to make a presentation on Monday, August 19th, 2024 at 11:20 am Mountain Time (12:20 pm Central Time). Senior management will also host one-on-one meetings with investors. The presentation will be webcast live and archive ...

Ceri Breeze/iStock Editorial via Getty Images Note: All amounts presented are in Canadian Dollars. All references are to the stock price on TSX and not the OTC symbol. Only Canadian investors can trade options for Canadian stocks. US Investors cannot. On our last coverage of RioCan REIT (TSX:REI.UN:CA) we told you why bulls were not likely to make headway despite some good numbers from the company. While bears had some good counterarguments, we felt that neither side would be able to press the advantage, an ...

Ring Energy, Inc. (NYSE:REI) Q2 2024 Earnings Conference Call August 7, 2024 12:00 PM ET Company Participants Al Petrie - Investor Relations Officer Paul Mckinney - Chairman & CEO Travis Thomas - CFO, EVP, Treasurer & Company Secretary Alexander Dyes - EVP, Engineering and Corporate Strategy Shawn Young - VP, Operations Conference Call Participants Neal Dingmann - Truist Securities John White - ROTH Capital Jeffrey Grampp - Alliance Global Partners Jeffrey Robertson - Water Tower Research Operator Good mor ...

Exhibit 99.1 RING ENERGY ANNOUNCES SECOND QUARTER 2024 RESULTS, PROVIDES GUIDANCE FOR THIRD QUARTER AND UPDATES FULL YEAR 2024 OUTLOOK ~ Q2 2024 Highlighted by Record Oil and Total Production and Cash Flow Generation ~ ~ Increased Full Year 2024 Guidance Reflects Record First Half Results and Strong Outlook ~ The Woodlands, TX – August 6, 2024 – Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported operational and financial results for second quarter 2024 and provided an improved o ...

Ring Energy (REI) came out with quarterly earnings of $0.12 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.14 per share when it actually produced earnings of $0.10, delivering a surprise of -28.57%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Rin ...

Table of Contents 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 June 30, 2024 o Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission file number 001-36057 Ring Energy, Inc. (Exact name of registrant as specified in its charter) Nevada 90-0406406 (State or othe ...

THE WOODLANDS, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) ("Ring" or the "Company") today reported operational and financial results for second quarter 2024 and provided an improved outlook for the third quarter and full year. Second Quarter 2024 Highlights Produced sales of 13,623 barrels of oil per day ("Bo/d"), representing a 2% increase over the first quarter of 2024; Sold record total volumes of 19,786 barrels of oil equivalent per day ("Boe/d") (69% oil), which was ...