Ring Energy establishes Q3 debt reduction target of $18M

Ring Energy (REI) reported its debt reduction target for the third quarter of 2025 and the change in ownership status of a previous large stockholder. Ring Energy has established a debt reduction target of approximately $18M for the third quarter of 2025. The company anticipates it will have approximately $430M in borrowings outstanding on its credit facility as of September 30, 2025, down from $448M in borrowings outstanding as of June 30, 2025. The company further commented that Warburg Pincus has recently exited its full common equity position in Ring.