---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-007519"
form_type: "8-K"
ticker: "REI"
cik: "0001384195"
company_name: "RING ENERGY, INC."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:19:28.561129+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ring Energy Q4 2022 net income $14.5M; full-year records; guides 2023 volumes up 40%

## Summary
- Record Q4 sales volumes 17,856 Boe/d (+34% QoQ); full-year 12,364 Boe/d (+45% YoY)
- Full-year net income $138.6M ($0.98 diluted) vs $3.3M in 2021; adjusted net income $107.5M ($0.89), up 251%
- Adjusted EBITDA full-year $195.2M (+134%); Free Cash Flow $34.8M; paid down $37M debt since Stronghold close
- Year-end proved reserves 138.1 MMBoe (+78%); PV-10 $2.8B (+108%); leverage ratio reduced to 1.6x from 3.5x
- 2023 guidance: Q1 volumes 17,800-18,300 Boe/d; full-year 17,800-18,800 Boe/d; expects >40% increase over 2022

## SEC filing metadata
- accession: 0001628280-23-007519
- form_type: 8-K
- ticker: REI
- cik: 0001384195
- company_name: RING ENERGY, INC.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384195/000162828023007519/0001628280-23-007519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384195/000162828023007519/rei-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-007519
- JSON: https://secwatch.observer/filing/0001628280-23-007519.json
- Plain text: https://secwatch.observer/filing/0001628280-23-007519.txt

## Key facts
- Earnings Releases
  RING ENERGY, INC. updated its fourth quarter and full year 2022 guidance (reaffirmed).
  - Period: fourth quarter and full year 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: On March 9, 2023, Ring Energy, Inc. (the “Company”) issued a press release announcing its financial and operating results for the fourth quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384195/000162828023007519/0001628280-23-007519-index.htm

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