Ring Energy posts Q1 net loss of $220.6M on $162M impairment; adj. net income $7.4M

RING ENERGY, INC.

2026-Q1 EPS reported -$1.06 revenue$73,671,664

Net loss $220.6M ($1.06/diluted share) from $162.1M ceiling test impairment and $77M derivative loss.
Adjusted net income $7.4M ($0.04/sh); Adjusted EBITDA $38.3M.
Production 19,351 Boe/d at guidance midpoint; LOE $10.41/Boe beat low end.
Capex $34.5M; borrowings up $6M to $160M liquidity; paused debt reduction for opportunistic investments.
Sundip Johl appointed Principal Financial Officer (adds to CFO role); Rocky Kwon remains CAO.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Sundip "Sonu" S. Johl

Principal Financial Officer

REI · RING ENERGY, INC.

Effective: 2026-05-04
Filed: May 7, 2026, 7:59 PM ET

On May 4, 2026, the Board of Directors (the “Board”) of the Company appointed Sundip “Sonu” S. Johl as Principal Financial Officer of the Company in addition to his current positions as Executive Vice President, Chief Financial Officer and Treasurer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RING ENERGY, INC. reported the first quarter ended March 31, 2026 results: net income net loss of $220.6 million, or $(1.06) per diluted share, EPS $(1.06) per diluted share.

Period: the first quarter ended March 31, 2026
Net income: net loss of $220.6 million, or $(1.06) per diluted share
EPS: $(1.06) per diluted share
Result: reported results

Exact text from the filing

barrels of oil per day (“Bo/d”) and 19,351 barrels of oil equivalent per day (“Boe/d”) both of which were essentially at the mid-point of guidance; • Reported a net loss of $220.6 million, or $(1.06) per diluted share, driven primarily by a $162.1 million non-cash ceiling test impairment and a $77.0 million unrealized mark-to-market derivative loss related to

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Executive change SEC 8-K Item 5.02 confidence 0.95

Sundip "Sonu" S. Johl was appointed as Principal Financial Officer at RING ENERGY, INC..

Action: appointed
Role: Principal Financial Officer

Exact text from the filing

On May 4, 2026, the Board of Directors (the “Board”) of the Company appointed Sundip “Sonu” S. Johl as Principal Financial Officer of the Company in addition to his current positions as Executive Vice President, Chief Financial Officer and Treasurer of the Company.

View on SEC.gov

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RING ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001384195-26-000075

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