---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015798"
form_type: "8-K"
ticker: "REI"
cik: "0001384195"
company_name: "RING ENERGY, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:22:53.909406+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ring Energy Q1 net income $32.7M, record sales 18,292 Boe/d, reiterates FY outlook

## Summary
- Record Q1 sales volumes of 18,292 Boe/d (69% oil), at high end of 17,800-18,300 Boe/d guidance.
- Net income $32.7M ($0.17 diluted), up from $14.5M in Q4 2022; Adjusted Net Income $25.0M ($0.14).
- Record Adjusted EBITDA $58.6M, up 4% from Q4 2022; Free Cash Flow $10.5M, cash flow positive 14th consecutive quarter.
- Reiterated full year 2023 sales volume guidance of 17,800-18,800 Boe/d; Q2 guidance 17,900-18,400 Boe/d.
- Early exercise of 14.5M warrants at $0.62/share raised $9.0M; ~78,200 warrants remain.

## SEC filing metadata
- accession: 0001628280-23-015798
- form_type: 8-K
- ticker: REI
- cik: 0001384195
- company_name: RING ENERGY, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384195/000162828023015798/0001628280-23-015798-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384195/000162828023015798/rei-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015798
- JSON: https://secwatch.observer/filing/0001628280-23-015798.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015798.txt

## Key facts
- Earnings Releases
  RING ENERGY, INC. reported first quarter ended March 31, 2023 results: net income $32.7 million, EPS $0.17 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Net income: $32.7 million
  - EPS: $0.17 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Reported net income of $32.7 million, or $0.17 per diluted share, in the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384195/000162828023015798/0001628280-23-015798-index.htm

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