Ring Energy files audited 2024 Lime Rock property financials; pro forma net income $77.7M

RING ENERGY, INC.

Lime Rock properties generated $54.6M revenue and $31.6M excess of revenues over direct operating expenses for 2024.
Purchase price ~$85.4M: $78.6M cash (incl. $10M deferred) + 6.45M shares of Ring common stock.
Pro forma 2024 combined net income of $77.7M ($0.38 diluted EPS) vs Ring standalone $67.5M ($0.34).
Pro forma adjustments include additional DD&A $12.0M, ARO accretion $0.2M, and interest expense $6.4M.

item 9.01

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