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Ring Energy — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue decreased 2% to $102.3 million; while GAAP net loss was $16.6 million due to a $41.0 million unrealized derivative loss, adjusted net income rose 14% to $27.3 million and adjusted EBITDA increased 5% to $57.1 million.
  • Capital expenditures surged 48% to $64.0 million, resulting in negative adjusted free cash flow of $(13.8) million, though management targets cash flow positivity for Q4 and full-year 2026.
  • Strategic portfolio optimization included $30.5 million in non-core asset divestitures and a $18.8 million acquisition in the Central Basin Platform, while leverage improved to 1.5x and liquidity stood at $236.4 million.
  • Guidance was updated for Q4 2026 and full-year 2027, projecting oil production of 12,900–13,500 Bopd (Q4) and 13,200–14,300 Bopd (FY2027), with FY2027 capital spending guidance set at $135–$165 million.
Company
RING ENERGY INC
Sector
Energy
Industry
Oil & Gas E&P