---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-009990"
form_type: "8-K"
ticker: "REI"
cik: "0001384195"
company_name: "RING ENERGY, INC."
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:27:12.799495+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ring Energy Q4 net income $50.9M, record sales 19,397 Boe/d, Adjusted EBITDA $65.4M

## Summary
- Q4 total sales volumes 19,397 Boe/d (record), up 11% QoQ; oil sales 13,637 Bo/d (record).
- Q4 net income $50.9M ($0.26 diluted EPS), includes $32.5M unrealized derivative gain; adjusted net income $21.2M ($0.11).
- Full year 2023 sales volumes 18,119 Boe/d (record, +47% YoY), net income $104.9M; Adjusted EBITDA $236.0M (+21% YoY).
- Year-end proved reserves 129.8 MMBoe, PV-10 $1.6B; debt reduced $30M since Aug 2023 acquisition, leverage ratio 1.62x.
- 2024 guidance: disciplined capital spending, focus on organic growth, debt reduction, and accretive M&A.

## SEC filing metadata
- accession: 0001628280-24-009990
- form_type: 8-K
- ticker: REI
- cik: 0001384195
- company_name: RING ENERGY, INC.
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384195/000162828024009990/0001628280-24-009990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384195/000162828024009990/rei-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-009990
- JSON: https://secwatch.observer/filing/0001628280-24-009990.json
- Plain text: https://secwatch.observer/filing/0001628280-24-009990.txt

## Key facts
- Earnings Releases
  RING ENERGY, INC. reported the fourth quarter and year ended December 31, 2023 results: net income $50.9 million, or $0.26 per diluted share.
  - Period: the fourth quarter and year ended December 31, 2023
  - Net income: $50.9 million, or $0.26 per diluted share
  - Result: reported results
  source text: Ring Energy, Inc. (the “Company”) issued a press release announcing its financial and operating results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384195/000162828024009990/0001628280-24-009990-index.htm

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