Ring Energy Q2 Earnings Call Highlights

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MarketBeat

Sun, August 9, 2026 astatine 2:04 PM CDT 6 min read

Key Points

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Production and pricing improved: Second-quarter income volumes roseate 3% sequentially to 19,990 BOE per day, portion gross reached astir $104.7 cardinal arsenic realized pricing accrued 36% to $57.55 per BOE. Unit costs besides declined, with LOE falling to $10.12 per BOE.
Debt simplification strengthened liquidity: A $65 cardinal equity offering was utilized to repay revolver borrowings, raising liquidity to astir $226 cardinal and reducing leverage to astir 1.7 times. Ring continues to people leverage beneath 1.25 times and whitethorn usage imaginable non-core asset-sale proceeds for further indebtedness reduction.
Growth concern expanded: Ring raised its second-half 2026 superior spending program to $80 million–$100 cardinal and expects 2027 BOE income to turn astir 10% astatine the midpoint, contempt reducing 2027 superior spending to $135 million–$165 million. Longer laterals, stacked-zone improvement and infrastructure investments are expected to little aboriginal drilling and completion costs.

Ring Energy (NYSEAMERICAN:REI) reported higher second-quarter production, improved portion operating costs and stronger realized pricing, portion outlining a larger superior programme intended to enactment longer lateral wells, multi-zone improvement and infrastructure expansion.

The institution said full income volumes averaged 19,990 barrels of lipid equivalent per time during the 2nd 4th of 2026, up 3% from 19,351 BOE per time successful the archetypal quarter. Oil income averaged 12,683 barrels per day.

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Revenue totaled astir $104.7 million, supported by an mean realized lipid terms of astir $95.45 per barrel. Overall realized pricing roseate 36% sequentially to $57.55 per BOE, portion realized lipid pricing accrued 38%, according to Executive Vice President, Chief Financial Officer and Treasurer Sonu Johl.

Costs Improve arsenic Production Grows

Lease operating disbursal totaled $18.4 cardinal during the quarter, compared with $18.1 cardinal successful the archetypal quarter. On a per-unit basis, LOE declined 3% sequentially to $10.12 per BOE from $10.41 per BOE. All-in currency costs fell 1% from the anterior 4th to $21.59 per BOE.

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Cash wide and administrative expense, excluding share-based compensation and transaction-related costs, was $3.19 per BOE, down from $3.40 per BOE successful the archetypal quarter.

Johl said natural-gas prices remained pressured by Permian Basin takeaway and processing constraints, with Ring's mean natural-gas differential to NYMEX astatine antagonistic $8.14 per Mcf. He said the institution had seen humble betterment pursuing the Gulf Coast Connector enlargement startup and expects further alleviation arsenic further capableness becomes disposable aboriginal successful the year.

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