Ring Energy, Inc. operates as an oil and natural gas exploration and production firm, concentrating its efforts on the acquisition, development, and ...
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Est. EPS $0.05 · Revenue $81.92M · 1 analysts
Est. EPS $0.05 · Revenue $83.75M · 1 analysts
Est. EPS $0.24 · Revenue $343.65M · 1 analysts
Est. EPS $0.06 · Revenue $84.00M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $307.2M | -16.1% | +42.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-34.7M | -151.5% | +129.4% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +60.7% | +35.7% | +20.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +24.2% | -33.2% | +74.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -11.3% | -161.4% | +120.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $52.9M | +39.0% | +62.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +17.2% | +65.8% | +73.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 50.6% | +11.7% | -29.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.61x | +28.0% | +34.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.5B | +7.5% | +2.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.17 vs 0.18 | -194.4% | 0.27 vs 0.07 | +268.2% |
| Revenue Surprise | $307.2M vs $310.5M | -1.1% | $104.7M vs $93.3M | +12.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | McKinney Paul D. | director, officer: CEO and Chairman of the Board | Common Stock | A | 50,000 | $1.19 |
| Jun 15, 2026 | Johl Sundip Singh | officer: EVP, Chief Financial Officer | Common Stock | A | 231,000 | $1.21 |
| Mar 5, 2026 | Johl Sundip Singh | officer: EVP, Chief Financial Officer | Common Stock | A | 317,460 | — |
| Feb 27, 2026 | Johl Sundip Singh | officer | — | — | 0 | — |
| Feb 17, 2026 | McKinney Paul D. | director, officer: CEO and Chairman of the Board | Common Stock | A | 559,118 | — |
Operator: Good day, and welcome to Ring Energy's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would like now to turn the conference over to Mr. Al Petrie of Investor Relations Coordinator. Al Petrie: Thank you, Operator, and good morning, everyone. We appreciate your interest in Ring Energy. We'll begin our call with comments from Paul McKinney, our Chairman of the Board and CEO, who will provide an overview of key matters for the second quarter of 2026. We will then turn the call over to Sundip Johl, Ring Energy's Executive VP, Chief Financial Officer and Treasurer, who will review our financial results. Paul will then return with some closing comments before we open up the call for questions. Joining us on the call today are James Parr, Executive VP and Chief Exploration Officer; Alex Dyes, Executive VP and Chief Operations Officer; and Shawn Young, Senior VP of Operations. During the Q&A session, we ask you to limit your questions to one and a follow-up. You're welcome to re-enter the queue later with additional questions. I would also note that we have posted an updated corporate presentation on our website. During the course of this conference call, the company will be making forward-looking statements within the meaning of federal securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance, and those actual results or developments may differ materially from those projected in the forward-looking statements. Finally, the company gives no assurance that such forward-looking statements will prove to be correct. Ring Energy disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Accordingly, you should not place undue reliance on forward-looking statements. These and other risks are described in yesterday's press release and in our filings with the SEC. These documents can be found in the Investors section of our website located at www.ringenergy.com. Should one or more of these risks materialize or should underlying assumptions prove incorrect, actual results may vary materially. This conference call also includes references to certain non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable measure under GAAP are contained in yesterday's earnings release. Finally, as a reminder, this conference call is being recorded, and I would now like to turn the call over to Paul McKinney, our Chairman and CEO. Paul McKinney: Thank you, Al, and good morning, everyone, and thank you for joining us. Before discussing the quarter, I'd like to spend a moment on the broader commodity backdrop because it continues to influence how we think about capital allocation, spending levels, and long-term value creation. My view remains that the current market continues to underestimate the …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Paul D. McKinney | Chief Executive Officer & Chairman of the Board | USD 1,411,651 | Male | 1959 | Active |
Alexander Dyes | Executive Vice President & Chief Operations Officer | USD 864,087 | Male | 1986 | Active |
James J. Parr | Executive Vice President & Chief Exploration Officer | USD 773,022 | Male | 1961 | Active |
Phillip Feiner | Senior Vice President, General Counsel & Corporate Secretary | USD 705,549 | Male | 1974 | Active |
Shawn D. Young | Senior Vice President of Operations | USD 605,293 | Male | 1969 | Active |
Rocky Kwon | VP, Chief Accounting Officer & Principal Accounting Officer | USD 426,938 | Male | 1981 | Active |
Hollie Lamb | Vice President of Oil, Gas Marketing, Regulatory & Compliance | — | Female | 1977 | Active |
Sundip Singh Johl | Executive VP, CFO, Principal Financial Officer & Treasurer | — | Male | — | Active |
Al Petrie | Officer of Investor Relations | — | — | — | Active |
Ring Energy (NYSEAMERICAN:REI) Chairman and Chief Executive Officer Paul McKinney outlined the company's strategy to expand oil production and improve capital efficiency through longer horizontal drilling programs in the Central Basin Platform and southern shelf areas of the Permian Basin. Speaking at an EnerCom event, McKinney said the company has grown from producing less than
Ring Energy NYSEAMERICAN: REI Chairman and Chief Executive Officer Paul McKinney outlined the company's strategy to expand oil production and improve capital efficiency through longer horizontal drilling programs in the Central Basin Platform and southern shelf areas of the Permian Basin.
Ring increased its 2026 capex budget to $168 million from its initial $115 million budget. This allows it to drill more horizontal wells, with the impact mostly benefitting 2027 production. Ring's initial 2027 outlook involves 10% production growth with a $150 million capex budget.
Ring Energy is prioritizing debt repayment and accelerated capital expenditures to capitalize on higher commodity prices. REI's recent equity raise reduces hedging requirements in the future. That increases exposure of production to favorable market prices. Adjusted net income, which includes realized hedging losses but excludes unrealized ones, provides a clearer picture of REI's operational profitability.
Ring Energy NYSEAMERICAN: REI reported higher second-quarter production, improved unit operating costs and stronger realized pricing, while outlining a larger capital program intended to support longer lateral wells, multi-zone development and infrastructure expansion.
