RING ENERGY, INC.

Ring Energy, Inc. announced a $66 million debt reduction during Q2 2026, utilizing proceeds from a recent equity offering and cash flow from operations. The company's $1.0 billion senior revolving credit facility's borrowing base was reaffirmed at $585 million following its semi-annual redetermination. These actions increased liquidity by approximately 41% to $226.1 million at June 30, 2026, from $160 million at March 31, 2026.

Ring Energy, Inc. announced its participation in a fireside chat with Water Tower Research on Wednesday, May 20, 2026. The discussion will feature key management, including CEO Paul McKinney and CFO Sonu Johl, focusing on the company's strategic transition towards horizontal development across its Permian Basin assets. Topics will include the impact on well economics, capital efficiency, and how recent capital markets activity supports greater financial flexibility, long-term free cash flow generation, and balance sheet improvement. Investors can register to access the event online.

Ring Energy, Inc. entered into an underwriting agreement on May 12, 2026, with Mizuho Securities USA LLC, BofA Securities, Inc., and Raymond James & Associates, Inc. for its previously announced underwritten offering. The offering consists of 44,444,445 shares of common stock, with underwriters also receiving a 30-day option to purchase up to 6,666,666 additional shares. This capital-raising activity is being conducted under a shelf registration statement on Form S-3.

Ring Energy, Inc. announced the commencement of an underwritten public offering of $60,000,000 of its common stock. The company also granted the underwriters a 30-day option to purchase up to an additional $9,000,000 of shares. The net proceeds from the offering are intended to be used for the repayment of outstanding borrowings under its senior secured revolving credit facility, with any remaining proceeds allocated for general corporate purposes. Mizuho, BofA Securities, and Raymond James are serving as joint book-running managers for the offering.

Ring Energy, Inc. reported a significant net loss of $(220.6) million for the first quarter of 2026, a sharp decline from a net income of $9.1 million in the prior year. This loss was primarily driven by a substantial $162.1 million ceiling test impairment on its oil and natural gas properties. Revenues from oil, natural gas, and natural gas liquids also saw a decrease, contributing to the overall negative financial performance for the quarter.

Ring Energy, Inc. reported a net loss of $220.6 million, or $(1.06) per diluted share, for Q1 2026, primarily driven by a $162.1 million non-cash ceiling test impairment and a $77.0 million unrealized derivative loss. Despite the GAAP loss, the company generated Adjusted Net Income of $7.4 million, or $0.04 per diluted share, and achieved daily sales volumes of 19,351 Boe/d, meeting guidance. Operational costs were well-managed, with LOE 3% below guidance, and the company remained cash flow positive for the 26th consecutive quarter. Management increased borrowings by $6 million to accelerate investments in attractively priced opportunities, temporarily pausing debt reduction to capitalize on expected elevated oil prices.

Ring Energy, Inc. announced the timing for its first quarter 2026 earnings release and conference call. The company plans to release its Q1 2026 earnings after the close of trading on Wednesday, May 6, 2026. A conference call to discuss the operational and financial results is scheduled for Thursday, May 7, 2026, at 11:00 a.m. ET.