Ring Energy Inc (REI)
XASE:REI
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally constructive operational and strategic picture: the company delivered recurring structural cost improvements, drilling efficiency gains, production in line with guidance, meaningful infrastructure investments to enable higher-return horizontal development, strong realized oil pricing, adjusted profitability, sustained free cash flow for 26 consecutive quarters, and ample liquidity. Offsetting these positives were large non-cash accounting charges (a ceiling test impairment and an unrealized derivative loss) that depressed reported net income, negative realized gas pricing, a temporary pause in debt reduction that increased borrowings and leverage to ~2.4x, and modest near-term production timing effects. Management positioned the infrastructure acceleration as a deliberate, shareholder-focused tradeoff to capture expected higher prices and improved long-term capital efficiency. On balance, operational momentum and cash-generation fundamentals outweigh the near-term accounting and timing headwinds.Company Guidance
Strong Operating Cost Performance
Lease operating expenses (LOE) of $18.1 million, or $10.41 per BOE, below the low end of guidance for the fourth consecutive quarter; more than $1.7 million per month lower than pro forma Q1 2025 (implying >$5.1 million lower for the quarter) and over $2.00/BOE improvement versus pro forma Q1 2025, indicating structural cost reductions and margin expansion.
Production In Line with Guidance
Oil sales of 12,276 barrels per day and total sales of 19,351 BOE per day, both essentially at the midpoint of guidance despite winter storm disruptions and a ~200 BOE/d sale of non-operated production.
Operational Execution and Drilling Activity
Drilled five horizontal wells and one vertical well (horizontals represented over 80% of the Q1 program); Q1 completions totaled seven (including one DUC); average working interest on the horizontal wells was ~91%.
Efficiency Gains
Improved drilling efficiency with spud-to-TD times reduced by 15% versus the 2025 average; longer laterals and multi-bench co-development expected to further improve capital efficiency and returns.
Targeted Infrastructure Investment to Support Growth
Deployed $34.5 million of capital in Q1, with approximately $5 million (about 15% of total capital) directed to saltwater disposal, frac-water infrastructure, and production facilities to enable longer laterals and larger fracs and to expand optionality.
Realized Pricing and Hedging Protection
Overall realized pricing improved to $42.30 per BOE for Q1 driven by oil realizations of $68.07 per barrel; hedging coverage includes 72% of oil volumes at a $73.27 average ceiling for remainder of 2026 and 73% of gas volumes at a $3.78 average floor, balancing downside protection and upside participation.
Profitability and Cash Generation (Adjusted)
Adjusted net income of $7.4 million and adjusted EBITDA of $38.3 million for the quarter; the company reported its 26th consecutive quarter of positive free cash flow, demonstrating durable cash generation.
Liquidity and Balance Sheet Flexibility
Exited the quarter with $160 million of liquidity available under the credit facility, in full covenant compliance and with no near-term maturities; management objective remains to reduce leverage to ~1.25x as cash flow strengthens.
Asset Base and Strategic Positioning
Clear strategic emphasis on long-life, oil-weighted conventional assets in the Texas Permian (Central Basin Platform and Northwest Shelf) with multi-year, low-decline inventory (recompletions, workovers, reactivations, horizontals) that supports stable production and lower maintenance capital requirements; management highlighted potential inclusion in the Russell 2000 Index.
REI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
REI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $1.80 | $1.65 | -8.33% |
Mar 04, 2026 | $1.50 | $1.55 | +3.33% |
Nov 06, 2025 | $0.94 | $0.94 | -0.32% |
Aug 06, 2025 | $0.73 | $0.75 | +2.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ring Energy Inc (REI) report earnings?
Ring Energy Inc (REI) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Ring Energy Inc (REI) earnings time?
Ring Energy Inc (REI) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REI EPS forecast?
REI EPS forecast for the fiscal quarter 2026 (Q2) is 0.06.