earnings
confidence high
sentiment positive
materiality 0.75
Ring Energy Q2 net income $64.8M; cuts debt $66M; issues 2027 guidance
RING ENERGY, INC.
2026-Q2 EPS
reported -$0.70
vs consensus $0.08
▼ miss
(-1004.4%)
- Net income $64.8M ($0.27 diluted EPS); adjusted net income $24.0M ($0.10 diluted EPS).
- Revenue $104.7M, up 42% QoQ; production 19,990 Boe/d (12,683 bopd).
- Reduced borrowings by $66M; liquidity $226.1M; Adjusted EBITDA $54.5M, up 42% QoQ.
- H2 2026 oil production guidance 13,000-13,950 bopd; LOE $10.00-$10.60/boe.
- Initial 2027 guidance: production growth ~10%, capex ~10% lower, LOE ~1% lower.