secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001628280-23-027533
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000162828023027533/0001628280-23-027533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000162828023027533/rei-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-027533

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer