Ring Energy Q2: record production, adj. EBITDA $66.4M, free cash flow $21.4M; guidance raised

RING ENERGY, INC.

2024-Q2 EPS reported $0.14 revenue$193,642,485

Net income $22.4M ($0.11 diluted); adjusted net income $23.4M ($0.12).
Record total production 19,786 Boe/d (69% oil), up 4% from Q1.
Record adjusted EBITDA $66.4M, up 7% from Q1 and 24% YoY.
Record adjusted free cash flow $21.4M, debt reduced $15M; liquidity $194.1M.
Hired Phillip Feiner as VP, General Counsel.

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