---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036710"
form_type: "8-K"
ticker: "REI"
cik: "0001384195"
company_name: "RING ENERGY, INC."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:13:11.741941+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ring Energy Q3 net loss $7.5M ($0.04/sh); adj. EBITDA record $58.6M, up 10% QoQ

## Summary
- Net loss of $7.5M ($0.04 diluted EPS) vs Q2 net income of $28.8M ($0.15); adjusted net income $26.3M ($0.13).
- Record Adjusted EBITDA of $58.6M, up 10% from $53.5M in Q2; Adjusted Free Cash Flow of $6.1M.
- Production averaged 17,509 Boe/d (69% oil); Q3 exit rate above 19,000 Boe/d; stepped-up drilling: 11 wells spud, 8 completed.
- Closed Founders acquisition for $50M cash (Aug 15); sold non-core New Mexico assets for $4.5M (Sept 27); credit facility debt $428M, liquidity $171.4M, leverage 1.69x.
- Updated Q4 2023 guidance; expect strong Q4 from full quarter of Founders and stepped-up Q3 capital program of $42.4M.

## SEC filing metadata
- accession: 0001628280-23-036710
- form_type: 8-K
- ticker: REI
- cik: 0001384195
- company_name: RING ENERGY, INC.
- filed_at: 2023-11-03T23:59:59+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/1384195/000162828023036710/0001628280-23-036710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384195/000162828023036710/rei-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036710
- JSON: https://secwatch.observer/filing/0001628280-23-036710.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036710.txt

## Key facts
- Earnings Releases
  RING ENERGY, INC. reported third quarter 2023 results: net income ($7.5 million), EPS ($0.04) per diluted share.
  - Period: third quarter 2023
  - Net income: ($7.5 million)
  - EPS: ($0.04) per diluted share
  - Result: reported results
  source text: Reported a net loss of $7.5 million, or $(0.04) per diluted share, in the third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384195/000162828023036710/0001628280-23-036710-index.htm

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