Education
About Us
Working with TipRanks
Follow Us
Ring Energy (REI)
:REI
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
0.12Same Quarter Last Year
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 0.00%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
The call reflected a generally positive outlook with significant achievements such as exceeding guidance targets, successful well completions, and a highly accretive acquisition. However, challenges like a revenue decline and increased expenses were also noted. The company's strategic adjustments to the capital spending plan and focus on debt reduction highlight a cautious but optimistic approach to navigating the current price environment.Company Guidance
During Ring Energy's First Quarter 2025 Earnings Conference Call, the company provided several key metrics and guidance updates. Ring Energy reported an impressive oil sales volume, selling 18,392 barrels of oil equivalent per day, exceeding previous guidance targets. Specifically, they sold 12,074 barrels of oil per day, surpassing the high end of their guidance range despite weather-related challenges. The company highlighted capital efficiency improvements, as average well costs were approximately 7% below budget. Ring Energy closed a significant acquisition of Lime Rock's CBP assets, which have exceeded initial production forecasts, contributing to a 9% increase over estimated production. For the remainder of 2025, the company plans to reduce capital spending by 47% over the final three quarters, translating to a 36% reduction for the full year, while still expecting a modest 2% annual production growth over 2024. Adjusted free cash flow levels are projected to increase, supported by $120 million in oil-weighted proved developed reserves. The update reflects a strategic focus on maintaining financial health and reducing debt, while benefiting from production outperformance and newly acquired assets.Exceeding Guidance Targets
Ring Energy exceeded all guidance targets for the first quarter of 2025 with exceptional oil sales volumes. Sold 18,392 barrels of oil equivalent per day, topping the midpoint of the guidance range.
Successful Well Drilling and Capital Efficiency
Drilled, completed, and placed on production seven wells, with average well costs coming in 7% less than budget. New wells exceeded initial pre-drill production estimates.
Accretive Lime Rock Acquisition
Closed acquisition of Lime Rock's CBP assets, adding over 40 gross drilling locations. Production from these assets exceeded estimates by 9%.
Improved Financial Position
Reported net income of $9.1 million, up from $5.7 million in the previous quarter. Adjusted free cash flow increased to $5.8 million, compared to $4.7 million in the fourth quarter of 2024.
Guidance and Strategic Adjustments
Guided to a 2% annual production growth over 2024 while reducing capital spending by more than 47% for the final three quarters of 2025.
---
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 07, 2025 | $0.85 | ― | ― |
| Mar 05, 2025 | $1.20 | $1.12 | -6.67% |
| Nov 06, 2024 | $1.61 | $1.74 | +8.07% |
| Aug 06, 2024 | $1.71 | $1.67 | -2.34% |
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 (REI) report earnings?
Ring Energy (REI) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Ring Energy (REI) earnings time?
Ring Energy (REI) earnings time is at Aug 12, 2025, TBA Not 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 2025 (Q2) is 0.04.
---