Ring Energy Reports Q4 Revenue of $66.9M, Down Year-over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
0mins
Reports Q4 revenue $66.9M vs. $83.4M last year. Sold 13,124 barrels of oil per day, near the mid-point of guidance, and 20,508 Boe/d, which was above the mid-point of guidance. CEO Paul McKinney commented: "Ring Energy delivered strong operational and financial results in 2025, demonstrating the effectiveness of our disciplined, value focused strategy. While the year presented significant challenges across the oil and gas sector, including a roughly 18% year over year decline in realized prices, we responded decisively early in Q1. By adjusting our drilling plans, reducing our capital spending, focusing investment on our highest return opportunities and taking advantage of the production from the Lime Rock acquisition, we protected margins, improved efficiency, and performed well despite a volatile macroeconomic backdrop...These operational improvements drove strong financial results. We generated a record $50M of Adjusted Free Cash Flow, a 15% increase year over year, paid down $40M of debt since closing the Lime Rock acquisition, and paid the $10M deferred cash payment for the Lime Rock acquisition. Importantly, we extended our record to 25 consecutive quarters of positive cash flow generation."
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About REI
Ring Energy, Inc. is an oil and gas exploration, development, and production company. The Company is focused on the development of its Permian Basin assets. Its primary drilling operations target the oil and liquids-rich producing formations in the Northwest Shelf and the Central Basin Platform (CBP), in the Permian Basin in Texas. Its drilling operations target the oil and liquids rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas. The Company's leasehold acreage positions total approximately 111,714 gross (96,234 net) acres and it held interests in 919 gross (758 net) producing wells. All of its properties are located in the Permian Basin and its proved reserves are oil-weighted, with approximately 59% consisting of oil, 19% consisting of natural gas, and 22% consisting of natural gas liquids. Of those reserves, approximately 68% of the reserves are classified as proved developed and 32% are classified as proved undeveloped.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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