secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001104659-22-118756
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000110465922118756/0001104659-22-118756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000110465922118756/tm2230489d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-118756

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer