RING ENERGY INC.

Ring Energy has increased production from under 9,000 bpd (2020) to over 20,000 bpd and raises the 2026 capital program to $160–165 million, with around 70% directed to horizontal drilling. For 2027 management expects 10% production growth with 10% less capital deployment and targets a leverage ratio below 1.25x. The company reports six consecutive years of positive adjusted free cash flow, sees large development potential in the Central Basin Platform, and cites oil price risk as well as debt and capital efficiency as remaining risks. » Więcej na de.investing.com

Ring Energy reported Q2 production of 19,990 BOE/d (up 3% sequentially) and revenue of about $104.7 million as realized pricing rose 36% to $57.55 per BOE; LOE fell to $10.12 per BOE and all-in cash costs declined. The company placed $65 million of net equity proceeds into revolver repayment, boosting liquidity to roughly $226 million and lowering leverage to ~1.7x while targeting <1.25x. Ring increased second‑half 2026 capex to $80–100 million, outlined 2027 guidance with ~10% midpoint BOE growth and $135–165 million in capex, and plans longer laterals, stacked‑zone co‑development and infrastructure investments to cut future drilling and completion costs. Management noted about 70% of 2026 oil volumes remain hedged and said non‑core asset sale proceeds would be considered for further debt reduction. » Więcej na finance.yahoo.com

Ring Energy was added to the Russell 3000 index at market open as part of the annual reconstitution based on market capitalization as of April 30, 2026. The inclusion automatically leads to membership in the Russell 2000 and the corresponding growth and value indexes and applies for half a year from early 2026. CEO Paul D. McKinney called the addition an important milestone to raise visibility with institutional investors; the stock is up about 15.71% year-to-date and near its 52-week high. » Więcej na de.investing.com