Quarterly ResultAug 5, 2026, 04:47 PM
Ring Energy Q2 Net Income $64.8M; Boosts 2026/2027 Guidance
AI Summary
Ring Energy, Inc. reported strong operational and financial results for Q2 2026, including a net income of $64.8 million and a 42% increase in Adjusted EBITDA to $54.5 million. The company significantly reduced borrowings by $66 million, boosting liquidity to $226.1 million. Ring also announced an expanded development program, updated its 2026 guidance with higher oil production targets, and provided positive initial 2027 guidance projecting approximately 10% production growth and 10% lower capital expenditures.
Key Highlights
- Q2 2026 Net Income was $64.8 million, or $0.27 per diluted share.
- Q2 2026 Adjusted Net Income was $24.0 million, or $0.10 per diluted share.
- Adjusted EBITDA increased 42% to $54.5 million in Q2 2026 from Q1.
- Reduced borrowings by $66 million, increasing liquidity to $226.1 million.
- Q2 2026 oil production was 12,683 barrels per day, within guidance.
- Lease operating expense was $10.12 per Boe, near the low end of guidance.
- Second half 2026 oil production guidance midpoint is 2% above prior guidance.
- Initial 2027 guidance targets ~10% production growth and ~10% lower capital expenditures.
Price Impact
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