Ring Energy Q2 net income $28.8M; sales 17,271 Boe/d; reaffirms H2 guidance pending $75M Founders acquisition

RING ENERGY, INC.

2023-Q2 EPS reported $0.32 revenue$167,431,485

Net income $28.8M ($0.15 diluted EPS); Adjusted Net Income $28.0M ($0.14).
Sales volumes 17,271 Boe/d (69% oil), down from 18,292 Boe/d in Q1.
Adjusted EBITDA $53.5M; Adjusted Free Cash Flow $12.6M, up 20% sequentially.
Paid down $25M debt; liquidity $204M; leverage ratio 1.64x.
Reiterated Q3 and Q4 2023 guidance pending close of $75M Founders acquisition.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RING ENERGY, INC. reported second quarter of 2023 results: net income net income of $28.8 million, EPS $0.15 per diluted share. Guidance reaffirmed.

Period: second quarter of 2023
Net income: net income of $28.8 million
EPS: $0.15 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 3, 2023, Ring Energy, Inc. (the “Company”) issued a press release announcing its financial and operating results for the second quarter ended June 30, 2023.

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RING ENERGY, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-027533

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