other material
confidence high
sentiment negative
materiality 0.70
Ring Energy cuts Q2 2025 capex guidance by >50% to $18M, reaffirms volumes
RING ENERGY, INC.
- Capital spending midpoint reduced over 50% to $18M for Q2 2025.
- Reaffirms oil sales volume midpoint of 14,200 Bo/d; total 21,500 Boe/d.
- Reaffirms LOE midpoint of $12.00 per Boe for Q2 2025.
- CEO cites lower oil prices, emphasizes debt reduction over drilling.
- Updated full-year guidance to be provided with Q1 results in early May.