Ring Energy Q2 adjusted EBITDA beats estimates

Ring Energy

06/08/2025 21:56

Overview

Ring Energy Q2 adjusted EBITDA beats analyst expectations, per LSEG data

Adjusted Net Income for Q2 exceeds analyst estimates, per LSEG data

Company reduced capex by 48% over the previous quarter and paid down $12 mln of debt

Outlook

Ring Energy sees Q3 total oil sales volume at 12,850-13,850 Bo/d

Company expects 2H 2025 total oil sales volume at 12,500-14,000 Bo/d

Ring Energy projects 2H 2025 Capital spending at $38-$58 mln

Company forecasts 2H 2025 LOE at $11.00-$12.00 per Boe

Result Drivers

RECORD OIL SALES - Ring Energy sold a record 14,511 barrels of oil per day, driven by the performance of existing and newly acquired Lime Rock assets

COST REDUCTION - Lease operating expenses were reduced to $10.45 per Boe, 9%, due to proactive cost-cutting efforts

CAPITAL SPENDING CUTS - Capital expenditures were reduced by 48% from the previous qtr, contributing to a record $24.8 mln in adjusted free cash flow

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Net Income
Beat
$11 mln
$7.70 mln (1 Analyst)
Q2 Net Income
$20.60 mln
Q2 Adjusted EBITDA
Beat
$51.50 mln
$46.90 mln (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Ring Energy Inc is $2.99, about 75.4% above its August 6 closing price of $0.74

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

Press Release: ID:nGNXbFX33s

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)