Ring Energy Q3 net income $33.9M; record sales 20,108 Boe/d; debt reduced to $392M

RING ENERGY, INC.

2024-Q3 EPS reported $0.31 revenue$282,886,868

Record Q3 sales of 20,108 Boe/d (66% oil) exceeding high end of guidance; oil sales 13,204 Bo/d.
Net income $33.9M ($0.17 diluted); Adjusted Net Income $13.4M ($0.07 diluted); Adjusted EBITDA $54.0M.
Divested non-core vertical assets for $5.5M; reduced credit facility debt by $15M to $392M, liquidity $208M.
Capital expenditures $42.7M with 13 wells drilled, 11 completed; 20th consecutive cash-flow-positive quarter.
Full-year 2024 guidance updated to reflect divestiture; Q4 outlook includes testing new zones for organic inventory growth.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.