---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-118756"
form_type: "8-K"
ticker: "REI"
cik: "0001384195"
company_name: "RING ENERGY, INC."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T19:45:23.345835+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ring Energy Q3 2022 revenue $94.4M record, net income $75.1M, production 13,278 Boe/d, closed Stronghold acquisition

## Summary
- Record Q3 revenue of $94.4M, up 11% QoQ; net income $75.1M ($0.49/diluted), up 79% QoQ.
- Production 13,278 Boe/d (76% oil) vs 9,341 Boe/d Q2; closed Stronghold acquisition Aug 31.
- Adjusted EBITDA record $56.0M, up 18% QoQ; Free Cash Flow $9.7M, up 290% QoQ.
- Paid down $17M debt since Stronghold close; liquidity ~$165M, leverage ratio 1.4x.
- Reiterated Q4 2022 guidance and provided preliminary 2023 outlook.

## SEC filing metadata
- accession: 0001104659-22-118756
- form_type: 8-K
- ticker: REI
- cik: 0001384195
- company_name: RING ENERGY, INC.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384195/000110465922118756/0001104659-22-118756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384195/000110465922118756/tm2230489d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-118756
- JSON: https://secwatch.observer/filing/0001104659-22-118756.json
- Plain text: https://secwatch.observer/filing/0001104659-22-118756.txt

## Key facts
- Earnings Releases
  RING ENERGY, INC. reported the third quarter of 2022 results: revenue $94.4 million, net income $75.1 million, EPS $0.49 per diluted share. Guidance reaffirmed.
  - Period: the third quarter of 2022
  - Revenue: $94.4 million
  - Net income: $75.1 million
  - EPS: $0.49 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: generation and ability to more quickly pay down debt assuming current oil and gas prices continue; · Recorded the highest quarterly sales revenue in the Company’s history of $94.4 million, an 11% increase from the second quarter of 2022; · Increased sales volumes to 13,278 barrels of oil equivalent per day (“Boe/d”) (76% oil, 13% natural gas and 11% natural gas
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384195/000110465922118756/0001104659-22-118756-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.