REI
Ring Energy, Inc.0.8378
-0.0180-2.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms tests, details divestiture.
Q&A largely reaffirmed prepared remarks on debt paydown and organic inventory growth via 2026 horizontal tests, adding color without contradictions. Paul detailed early successes horizontalizing prior vertical zones in Crane and Ector Counties, with the first two-mile well ahead and infrastructure investments underway for efficiency gains. Management quantified the Yoakum non-op divestiture at $4.5 million (4.5x next-12-month cash flow), noting the cupboard is bare on further non-core sales. Few assets left to monetize. Investors will eye test repeatability for future growth durability.
Key Stats
Market Cap
173.61MP/E (TTM)
-Basic EPS (TTM)
-0.08Dividend Yield
0%Recent Filings
8-K
CFO inducement awards granted
8-K
Ring's 2025 reserves hit 153 MMBoe
Ring Energy posted 2025 results with record 20,253 Boe/d sales, up 3% YoY, proved reserves at 153.3 MMBoe (up 14%), and $50.1M adjusted free cash flow despite 18% lower realized prices. LOE dropped to $10.73/Boe while capex fell 35% to $98.2M. Guides 2026 for flat 20,150 Boe/d midpoint on $115M capex. Debt stays manageable at 2.20x leverage.
10-K
FY2025 results
Ring Energy hit record FY2025 production of 20,253 Boepd (65% oil), up 3% y/y, fueled by the Lime Rock Acquisition closing March 31 and 18 operated wells (12 horizontal, 6 vertical) drilled amid lower prices. Q4 momentum held steady despite oil prices dropping to $63.53/Bbl from $74.87 y/y, with LOE dipping to $10.73/Boe (1% better y/y) on efficiencies offsetting acquired assets. Proved reserves swelled 14% to 153.3 MMBoe, yet a $108.8M ceiling test writedown hit amid softer pricing. Debt trimmed to $420M ($585M base) via $8M Q4 paydown. Volatility in oil prices shadows quarterly output.
8-K
Kwon named Chief Accounting Officer
Ring Energy appointed Rocky Kwon as Chief Accounting Officer and principal accounting officer on March 1, 2026, atop his VP and principal financial officer roles. This follows Sundip 'Sonu' S. Johl's start as EVP and CFO on February 27. Kwon, a company veteran since 2021, brings prior Earthstone experience. No related party ties disclosed.
8-K
Ring names seasoned CFO Johl
Ring Energy appointed Sundip 'Sonu' S. Johl as EVP, CFO, and Treasurer effective February 27, 2026. The 49-year-old oil and gas finance veteran, with 20+ years at Raymond James, UBS, and Citi, gets $425,000 base salary, 75% target AIP, ~$1M LTIP from 2027, and $1M inducement equity. His M&A and capital markets savvy bolsters Ring's growth push. No related party ties.
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