Highest-materiality recent filing
Ring Energy Q2 net income $64.8M; cuts debt $66M; issues 2027 guidance
Net income $64.8M ($0.27 diluted EPS); adjusted net income $24.0M ($0.10 diluted EPS).
Entered underwriting agreement with Mizuho, BofA, Raymond James for 44,444,445 share offering.
Ring Energy posts Q1 net loss of $220.6M on $162M impairment; adj. net income $7.4M
Net loss $220.6M ($1.06/diluted share) from $162.1M ceiling test impairment and $77M derivative loss.
Ring Energy Reports Q4 & FY 2025 Results, Year-End Reserves, and 2026 Guidance
Sold 13,124 Bo/d oil and 20,508 Boe/d in Q4 2025; FY 2025 average sales volume record 20,253 Boe/d (3% YoY increase)
Ring Energy appoints Sonu Johl as CFO effective Feb 27, 2026
Sundip 'Sonu' S. Johl named EVP, CFO and Treasurer, effective February 27, 2026.
Ring Energy Q3 net loss $51.6M on $72.9M impairment; adj net income $13.1M
Net loss $51.6M (diluted loss $0.25) includes $72.9M non-cash impairment; adjusted net income $13.1M ($0.06/share).
CFO Travis Thomas resigns effective immediately; Rocky Kwon named interim CFO
Travis Thomas resigned as CFO on Sept 12, 2025; no disagreement with company.
Ring sets Q3 2025 debt reduction target of ~$18M; Warburg Pincus exits position
Debt reduction target ~$18M for Q3 2025; expects ~$430M borrowings at Sep 30 vs $448M at Jun 30 2025.
Ring Energy posts record Q2 oil sales 14,511 Bo/d; record free cash flow $24.8M
Record oil sales 14,511 Bo/d and total 21,295 Boe/d; net income $20.6M ($0.10 diluted EPS).
Ring Energy extends credit facility to June 2029, borrowing base affirmed at $585M
Borrowing base set at $585M under $1.0B senior secured credit facility (down from $600M).
Ring Energy files audited 2024 Lime Rock property financials; pro forma net income $77.7M
Lime Rock properties generated $54.6M revenue and $31.6M excess of revenues over direct operating expenses for 2024.
Ring Energy Q1 net income $9.1M, beats guidance; cuts full-year capex 36%
Oil sales of 12,074 Bo/d exceeded high end of guidance; total volumes 18,392 Boe/d above midpoint.
Ring Energy cuts Q2 2025 capex guidance by >50% to $18M, reaffirms volumes
Capital spending midpoint reduced over 50% to $18M for Q2 2025.
Ring Energy reports Q1 oil sales >12,000 Bo/d, exceeds guidance, completes Lime Rock acquisition
Oil sales >12,000 Bo/d exceeded high end of guidance; total >18,300 Boe/d above midpoint.
Ring Energy board: Roesener retires, Tharp appointed director
Regina Roesener retiring from board effective April 14, 2025; no dispute or disagreement with company.
Ring Energy closes Lime Rock Permian acquisition for $68.6M cash, $10M deferred, and 6.45M shares
Acquired ~17,700 net acres (100% HBP) and ~2,300 Boe/d (>80% oil) production from 101 gross wells in Andrews County, TX.
Ring Energy reports Q4 net income $5.7M, record 2024 sales 19,648 Boe/d; 2025 guidance 21,000 Boe/d
Q4 net income $5.7M ($0.03 diluted); adjusted net income $12.3M ($0.06 diluted).
Ring Energy to acquire Lime Rock CBP assets for $100M; deal accretive
Purchase price: $80M cash at close, $10M deferred cash, ~7.4M shares (value ~$10M).
Ring Energy Q3 net income $33.9M; record sales 20,108 Boe/d; debt reduced to $392M
Record Q3 sales of 20,108 Boe/d (66% oil) exceeding high end of guidance; oil sales 13,204 Bo/d.
Ring Energy Q2: record production, adj. EBITDA $66.4M, free cash flow $21.4M; guidance raised
Net income $22.4M ($0.11 diluted); adjusted net income $23.4M ($0.12).
Ring Energy raises Q2 sales guidance above prior range; reduces debt $15M
New oil sales guidance: 13,500-13,700 Bopd vs prior 13,000-13,400 Bopd.
Ring Energy EVPs Brooks (retirement) and Baghdati (resign) depart; Shawn Young promoted to VP Ops
Stephen Brooks, EVP Land/Legal/HR/Marketing, retires effective July 1, 2024; expects to enter consulting agreement.
Ring Energy Q1 2024 crude sales top guidance; adj. net income $20.3M, FCF $15.6M
Crude sales 13,394 Bo/d (19,034 Boe/d), exceeding high-end guidance by 5% and 3%.
Ring Energy Q4 net income $50.9M, record sales 19,397 Boe/d, Adjusted EBITDA $65.4M
Q4 total sales volumes 19,397 Boe/d (record), up 11% QoQ; oil sales 13,637 Bo/d (record).
Ring Energy amends credit agreement to exclude acquisition spending from Free Cash Flow calculation
Free Cash Flow definition amended: amounts used for acquisitions no longer subtracted from the calculation.
Q4 2023 sales volumes ~19,400 Boe/d (70% oil), near high-end of guidance 18,900-19,500 Boe/d.
Borrowing base reaffirmed at $600M under $1.0B credit facility; no terms changed.
Ring Energy Q3 net loss $7.5M ($0.04/sh); adj. EBITDA record $58.6M, up 10% QoQ
Net loss of $7.5M ($0.04 diluted EPS) vs Q2 net income of $28.8M ($0.15); adjusted net income $26.3M ($0.13).
Ring Energy files Founders Oil & Gas financials: $59M revenue, $26.1M net income for FY2022
Founders FY2022 net income $26.1M vs $7.3M in FY2021; revenue $59.0M vs $26.8M.
Ring Energy closes $65M acquisition of Founders Oil & Gas Permian Basin assets
Total cash consideration ~$65M: $7.5M deposit, $42.5M at closing, $15M deferred due Dec 15, 2023.
Net income $28.8M ($0.15 diluted EPS); Adjusted Net Income $28.0M ($0.14).
Ring Energy acquires Founders Oil & Gas IV CBP assets for $75M cash
Total cash consideration of $75M ($60M at closing + $15M deferred within four months).
Ring Energy reaffirms $600M borrowing base, reduces debt by $25M in Q2 2023
Borrowing base reaffirmed at $600M under $1B credit facility; no changes to terms, company in compliance with all covenants.
Ring Energy Q1 net income $32.7M, record sales 18,292 Boe/d, reiterates FY outlook
Record Q1 sales volumes of 18,292 Boe/d (69% oil), at high end of 17,800-18,300 Boe/d guidance.
Ring Energy reduces warrant exercise price to $0.62, receives $9.0M from exercise of 14.5M warrants
Reduced exercise price of 14,512,166 warrants from $0.80 to $0.62 per share in exchange for immediate cash exercise.
Ring Energy Q4 2022 net income $14.5M; full-year records; guides 2023 volumes up 40%
Record Q4 sales volumes 17,856 Boe/d (+34% QoQ); full-year 12,364 Boe/d (+45% YoY)
On May 4, 2026, the Board of Directors (the “Board”) of the Company appointed Sundip “Sonu” S. Johl as Principal Financial Officer of the Company in addition to his current positions as Executive Vice President, Chief Financial Officer and Treasurer of the Company.
Ms. Regina Roesener notified the board of directors (the “Board”) of Ring Energy, Inc. (the “Company”), that she is retiring from the Board effective as of April 14, 2025.
the Board, upon the recommendation of the Nominating, Environmental, Social and Governance Committee of the Board (the “NESG Committee”), appointed Ms. Carla Tharp as a director effective April 14, 2025.
on July 1, 2024, Stephen D. Brooks retired as Executive Vice President of Land, Legal, Human Resources and Marketing of the Company.
On June 18, 2024, Marinos C. Baghdati, Executive Vice President of Operations of Ring Energy, Inc. (the “Company”), submitted his resignation, effective July 17, 2024.
On June 24, 2024, the Company announced that Stephen D. Brooks who currently serves as the Company’s Executive Vice President of Land, Legal, Human Resources and Marketing, will retire from the Company which will occur on or about July 1, 2024.
On June 18, 2024, Shawn Young, age 56, was appointed to Vice President of Operations, effective July 17, 2024.
Also, on April 16, 2024, Roy Ben-Dor notified the Board of his intention to retire from the Board effective at the Annual Meeting and to not stand for reelection to the Board.
On April 16, 2024, Clayton E. Woodrum notified the Board of Directors (the “Board”) of Ring Energy, Inc. (the “Company”) of his intention to retire from the Board effective at the 2024 Annual Meeting of Stockholders of the Company (the “Annual Meeting”) and to not stand for reelection to the Board.
On September 1, 2022, the Board increased the size of the Board from seven members to nine members and appointed Messrs. Ben-Dor and Habachy as directors to hold office until Ring’s annual meeting of stockholders in 2023 and the election of their successors.
On September 1, 2022, the Board increased the size of the Board from seven members to nine members and appointed Messrs. Ben-Dor and Habachy as directors to hold office until Ring’s annual meeting of stockholders in 2023 and the election of their successors.
Max materiality 0.85 · Median 0.65 · Most common event earnings