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Ring Energy Inc (REI)
:REI
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.1Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -3.33%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements, such as record sales growth, debt reduction, and successful acquisitions, alongside challenges like decreased realized prices, a decline in fourth quarter revenue, and losses on derivative contracts. The overall sentiment is balanced between these aspects.Company Guidance
During the Ring Energy earnings call for the fourth quarter and full year 2024, the company provided guidance for 2025, projecting an average annual sales midpoint of 21,000 barrels of oil equivalent per day (boe/d) and 13,900 barrels of oil per day (bopd), reflecting a 7% and 5% increase, respectively. The annual capital spending is estimated at $154 million, consistent with the prior year, with plans to drill approximately 49 wells. The company emphasized maintaining capital discipline to maximize free cash flow, which in 2024 was $43.6 million. This strategy supports ongoing debt reduction, with $70 million paid down since the Founders acquisition in 2023, leaving $385 million in debt at year-end 2024. Additionally, Ring Energy highlighted its 2024 achievements, including an 8% increase in total sales to 19,648 boe/d, and a record oil sales growth of 6% to 13,283 bopd, while reducing cash operating costs by 2% per Boe. The company also increased its proved reserves by 3% to 134.2 million barrels of oil equivalent.Record Sales Growth
Total sales grew 8% over 2023 to a record 19,648 barrels of oil equivalent per day, and oil sales grew 6% to a record 13,283 barrels of oil per day.
Debt Reduction and Financial Strength
Ring Energy paid down debt by $40 million for the year, resulting in a total debt reduction of $70 million since the Founders acquisition, with $385 million of debt on the balance sheet and approximately $217 million of liquidity.
Proved Reserves and PV-10 Increase
Proved reserves grew by 4.4 million barrels of oil equivalent, or 3%, to 134.2 million barrels of oil equivalent, with a year-end PV-10 of approximately $1.5 billion.
Successful Acquisitions
The Stronghold and Founders acquisitions exceeded expectations, establishing a strategic foothold in the Central Basin Platform and increasing the undeveloped inventory of highly economic drilling locations.
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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
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REI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 06, 2024 | $1.97 | $1.79 | -9.14% |
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.
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FAQ
When does Ring Energy Inc (REI) report earnings?
Ring Energy Inc (REI) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Ring Energy Inc (REI) earnings time?
Ring Energy Inc (REI) earnings time is at May 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 (Q1) is 0.06.
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