secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035642
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000162828024035642/0001628280-24-035642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000162828024035642/rei-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035642

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer