Ring Energy Q3 net loss widens

Ring Energy

06/11/2025 22:15

Overview

Ring Energy Q3 net loss of $51.6 mln due to non-cash impairment charges

Adjusted EBITDA for Q3 misses analyst expectations

Company reduced debt by $20 mln, exceeding company's guidance by $2 mln

Outlook

Ring Energy expects Q4 oil sales volumes of 12,700-13,600 Bo/d

Company projects full-year oil sales volumes of 13,100-13,500 Bo/d

Ring Energy forecasts Q4 capital spending of $18-28 mln

Result Drivers

COST SAVINGS - Ring Energy achieved lease operating expenses 2% below the low end of company's guidance due to ongoing cost reduction efforts

DEBT REDUCTION - Exceeded debt reduction guidance by $2 mln, reducing debt by $20 mln in Q3

PRODUCTION VOLUMES - Achieved production volumes near or above guidance, with 13,332 Bo/d and 20,789 Boe/d

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$51.6 mln
Q3 Adjusted EBITDA
Miss
$47.7 mln
$50.50 mln (2 Analysts)

Analyst Coverage

The one available analyst rating on the shares is "buy"

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 $2.50, about 62.2% above its November 6 closing price of $0.95

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nGNX4667pL

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(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.)