Ring Energy: Strong Sales Volume Performance Boosts Its Value [Seeking Alpha]
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: Seeking Alpha
Follow Summary Ring nearly reached 20,000 BOEPD in Q2 2024 sales volumes. This was above expectations and also allowed it to raise its full-year guidance by 4% to 5%. Ring's realized price for non-oil volumes remains very low. 2H 2024 adjusted free cash flow may be lower than 1H 2024 due to capex timing and lower oil prices. Ring's strong sales volume performance boosts its value compared to my prior estimate. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Torsten Asmus Ring Energy ( NYSE: REI ) delivered Q2 2024 sales volumes that were significantly above expectations, and also increased its full-year guidance by 4% to 5%. The strong sales volumes allowed it to generate $37 million in adjusted free cash flow for 1H 2024 despite low realized prices for its non-oil production. Ring only paid its credit facility debt down by $18 million in the first half of 2024 though, due to the impact of working ca
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News
- Ring Energy: APA Transaction Points To Potential Upside [Seeking Alpha]Seeking Alpha
- Ring Energy Inc (REI) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... [Yahoo! Finance]Yahoo! Finance
- Ring Energy, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 Outlook [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Third Quarter 2024 Results, Provides Guidance For Fourth Quarter and Updates Full Year 2024 OutlookGlobeNewswire
REI
Earnings
- 11/6/24 - Miss
REI
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 8-K
- 11/6/24 - Form 10-Q
- REI's page on the SEC website