{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021232","form_type":"8-K","ticker":"REI","cik":"0001384195","company_name":"RING ENERGY, INC.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.184228+00:00","generated_at":"2026-06-02T09:14:48.668245+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Ring Energy Q1 2024 crude sales top guidance; adj. net income $20.3M, FCF $15.6M","bullets":["Crude sales 13,394 Bo/d (19,034 Boe/d), exceeding high-end guidance by 5% and 3%.","GAAP net income $5.5M ($0.03/diluted); adjusted net income $20.3M ($0.10/diluted), excluding $17.6M unrealized derivative loss.","LOE $10.60/Boe and capex $36.3M both below low-end guidance; Adjusted EBITDA $62.0M.","Generated $15.6M Adjusted Free Cash Flow, 18th consecutive positive quarter; paid down $3M on credit facility.","Provided Q2 2024 outlook and reiterated full-year 2024 guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021232","json":"https://secwatch.observer/filing/0001628280-24-021232.json","markdown":"https://secwatch.observer/filing/0001628280-24-021232.md","text":"https://secwatch.observer/filing/0001628280-24-021232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1384195/000162828024021232/0001628280-24-021232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1384195/000162828024021232/rei-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T09:14:48.668245+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d67f9b0ff9ebd4f0daf8117cd92220692e50ec4","claim":"RING ENERGY, INC. reported first quarter ended March 31, 2024 results: revenue $94.5 million, net income $5.5 million, EPS $0.03 per diluted share. Guidance reaffirmed.","evidence_excerpt":"Summary Results Q1 2024 Q4 2023 Q1 2024 to Q4 2023 % Change Q1 2023 Q1 2024 to Q1 2023 % Change Net Sales (Boe/d) 19,034 19,397 (2)% 18,292 4% Crude Oil (Bo/d) 13,394 13,637 (2)% 12,660 6% Net Sales (MBoe) 1,732.1 1,784.5 (3)% 1,646.3 5% Realized Price - All Products ($/Boe) $54.56 $56.01 (3)% $53.50 2% Revenues ($MM) $94.5 $99.9 (5)% $88.1 7% Net Income ($MM) $5.5 $50.9 (89)% $32.7 (83)% Adjusted Net Income ($MM) $20.3 $21.2 (4)% $25.0 (19)% Adjusted EBITDA ($MM) $62.0 $65.4 (5)% $58.6 6% Capital Expenditures ($MM) $36.3 $38.8 (7)% $38.9 (7)% Adjusted Free Cash Flow ($MM) $15.6 $16.3 (4)% $10.5 48%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384195/000162828024021232/0001628280-24-021232-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$94.5 million"},{"label":"Net income","value":"$5.5 million"},{"label":"EPS","value":"$0.03 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}