Ring Energy Earnings Reports

Ring Energy generated $83.4 million in revenue for Q4 2024, a 17% decrease year-over-year. Net income fell significantly to $5.7 million, impacted by lower realized oil prices and higher operating expenses. Adjusted net income was $12.3 million, while adjusted EBITDA stood at $50.9 million. The company reduced capital expenditures by 12% compared to Q3 2024 and continued debt reduction efforts.

Ring Energy reported a strong third quarter in 2024, marked by record sales of 20,108 Boe/d, a strategic divestiture of non-core assets for $5.5 million, and a $15 million reduction in debt. The company's performance reflects successful execution of its drilling and completion program and a focus on reducing operating costs.

Ring Energy reported a successful second quarter in 2024, marked by record oil and total production, and Adjusted EBITDA. The company generated record Adjusted Free Cash Flow, which facilitated a $15 million debt reduction. Improved full-year guidance reflects the strong first-half performance and a positive outlook.

Ring Energy reported strong Q1 2024 results, exceeding expectations with increased sales volumes, lower LOE per Boe, and efficient capital spending. The company achieved net income of $5.5 million, Adjusted EBITDA of $62.0 million, and Adjusted Free Cash Flow of $15.6 million, while also providing Q2 2024 outlook and reiterating full-year 2024 guidance.