---
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"
generated_at: "2026-06-02T09:14:48.668245+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ring Energy Q1 2024 crude sales top guidance; adj. net income $20.3M, FCF $15.6M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021232
- JSON: https://secwatch.observer/filing/0001628280-24-021232.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021232.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $94.5 million
  - Net income: $5.5 million
  - EPS: $0.03 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Summary Results Q1 2024 Q4 2023 Q1 2024 to Q4 2023 % Change Q1 2023 Q1 2024 to Q1 2023 % Change Net Sales (Boe/d) 19,034 19,397 (2)% 18,292 4% Crude Oil (Bo/d) 13,394 13,637 (2)% 12,660 6% Net Sales (MBoe) 1,732.1 1,784.5 (3)% 1,646.3 5% Realized Price - All Products ($/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_url: https://www.sec.gov/Archives/edgar/data/1384195/000162828024021232/0001628280-24-021232-index.htm

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