Ring sets Q3 2025 debt reduction target of ~$18M; Warburg Pincus exits position

RING ENERGY, INC.

Debt reduction target ~$18M for Q3 2025; expects ~$430M borrowings at Sep 30 vs $448M at Jun 30 2025.
Warburg Pincus has exited its full common equity position in Ring Energy.
Company adjusted capital spending in response to oil price drop to focus on free cash flow and debt paydown.

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