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Ring Energy Inc (REI)
XASE:REI
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.05Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized substantial operational and financial progress: record full-year adjusted free cash flow ($50.1M), reserve and inventory growth, meaningful cost and capital-efficiency improvements, and significant debt reduction and liquidity. Management presented a disciplined 2026 plan focused on maintaining production, improving capital efficiency, and further deleveraging while preserving hedge coverage. Counterbalancing these positives were near-term headwinds from lower realized prices and widened differentials that drove a sequential revenue decline and a Q4 net loss that included sizable non-cash impairment charges, along with operational disruptions (gas plant outage and winter storm) and a small non-core asset sale at a modest multiple. On balance, the call portrays a company that delivered resilient results in a weak-price environment, strengthened its balance sheet, and set a path to prioritize debt reduction and free cash flow — outweighing the near-term negatives.Company Guidance
Record Adjusted Free Cash Flow and Strong Cash Generation
Generated $50.1 million of adjusted free cash flow for full year 2025 and delivered a 25th consecutive quarter of adjusted free cash flow; adjusted free cash flow increased 15% year-over-year despite an 18% decline in realized commodity prices.
Production and Reserve Growth
Achieved record full year sales volumes of 20,253 BOE/d (Q4 sales 20,508 BOE/d, +3% year-over-year total sales), total proved reserves increased 14% year-over-year, and proved undeveloped (PUD) inventory grew 17% year-over-year; identified total locations expanded to 500+ (over 10 years of drilling inventory).
Material Cost and Capital Efficiency Improvements
Reduced full-year capital spending 35% year-over-year and lowered reinvestment rate by 18 percentage points to 53% of 2025 EBITDA; drilling capital efficiency improved 19% since 2023 and 3% year-over-year to $500 per lateral foot; year-over-year per BOE all-in cash cost declined ~4% and lease operating expense was reduced ~18% over the last six months (about $1.4M per month reduction versus pro forma run-rate prior to Lime Rock acquisition).
Debt Reduction and Balance Sheet Liquidity
Paid down $35 million of debt during 2025 and reduced debt by $40 million since closing the Lime Rock acquisition in March 2025 (including a $10 million deferred payment in December); ended period with $420 million drawn on the credit facility, a $585 million borrowing base (reaffirmed), $166 million of combined liquidity (cash + available borrowing capacity), and a leverage ratio of 2.2x.
Hedge Coverage Providing Price Protection
Entered 2026 with approximately 2.3 million barrels of oil hedged (~48% of estimated oil sales at midpoint) and 4.7 Bcf of natural gas hedged (~66% of estimated gas sales at midpoint), giving significant partial protection against price volatility.
Operational Execution and Acquisition Integration
Successfully integrated Lime Rock and other recent acquisitions, which contributed nine months of production in 2025 and helped drive record sales volumes; management highlighted that Founders and Lime Rock exceeded expectations across production, lift cost, drilling capital per well, and proved reserves in the first year post-close.
Q4 Derivatives Gain and Cost Discipline
Reported a Q4 gain on derivative contracts of $17.5 million (up from $0.4 million in Q3) and maintained a disciplined Q4 D&C spend ($14.0 million) while keeping fourth quarter LOE at $18.9 million (unit LOE $10.02/BOE, 7% below the low end of guidance).
2026 Budget and Efficiency-Focused Guidance
Announced 2026 guidance emphasizing capital discipline: full-year capex $100–$130 million (midpoint $115M), drilling/completion of ~23–32 wells (midpoint ~27–28), targeted average sales 19,500–20,800 BOE/d (midpoint 20,150 BOE/d), and projected LOE midpoint of $10.65/BOE (below 2025 achieved), reflecting continued focus on cost reductions and capital efficiency.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $0.85 | $0.82 | -3.53% |
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 May 11, 2026, After Close (Confirmed).
What is Ring Energy Inc (REI) earnings time?
Ring Energy Inc (REI) earnings time is at May 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 (Q1) is 0.03.