Ring Energy reported net income of $64.8 million for the second quarter of 2026, including a $42.2 million unrealized mark-to-market gain on commodity derivative contracts. Adjusted Net Income was $24.0 million, or $0.10 per diluted share, while Adjusted EBITDA rose 42% from the first quarter to $54.5 million. The company reduced borrowings under its revolving credit facility by $66 million during the quarter, increasing liquidity to approximately $226.1 million at June 30, 2026. Production averaged 12,683 barrels of oil per day and 19,990 barrels of oil equivalent per day, both within guidance, and lease operating expense came in at $10.12 per Boe, near the low end of guidance. Ring also provided an initial 2027 outlook targeting production growth of approximately 10% over full-year 2026, with capital expenditures expected to be about 10% lower.
Ring Energy IncReports strong net income, adjusted EBITDA growth, debt reduction, and positive 2027 outlook.
