Ring Energy, Inc. · AMEX:REI
Ring Energy — EnerCom Denver 2026
16 slides from Ring Energy's conference presentation, Aug 18, 2026
Slide 1: Ring's Next Chapter: Turning Operational Excellence into Long-Term Value
RING’S NEXT CHAPTER: TURNING OPERATIONAL EXCELLENCE INTO LONG-TERM VALUE The Energy Investment Conference | Est. 1996 www.ringenergy.com NYSE American: REI
Slide 2: Forward-Looking Statements and Supplemental Non-GAAP Financial Measures
Forward-Looking Statements and Supplemental Non-GAAP Financial Measures Forward – Looking Statements Supplemental Non-GAAP Financial This Presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Measures Secu
Slide 3: The Heart of the Permian: Central Basin Platform
The Heart of the Permian: Central Basin Platform Ring’s Thesis: Conventional Rock is the Opportunity with Substantial Oil Left to Recover Permian Platform and Shelf Fairways CBP & Northwest Shelf Dominate Historical Permian Oil Production Cumulative Oil Production (MMbbl) Texas Shelf New Mexico Shel
Slide 4: The Next Chapter of Conventional E&P
The Next Chapter of Conventional E&P Transformation in Motion and Foundation Laid for Sustained Value Creation 96k+ Net Acres Ring has built scale, inventory depth, and reduced leverage, Ring Today3 99% Operated creating a stronger foundation for long-term value Yoakum Production (MBoe/d) 1P Reserve
Slide 5: Our Core Acreage = Center of Horizontal Activity
Our Core Acreage = Center of Horizontal Activity Modern Technology is Unlocking the Full Potential of Ring’s Conventional Asset Base, Creating a Significantly Larger Inventory of Horizontal Opportunity Material Horizontal Activity Across The CBP Ring Horizontal Development Ramping Up Significantly R
Slide 6: Long Runway of High-Return, Multi-Bench Inventory
Long Runway of High-Return, Multi-Bench Inventory Multiple Horizontal Targets Across Ring’s Core Acreage Provide Years of Repeatable Drilling Opportunities Central Basin Northwest Geologic Target Formation CBP WPS CBP Hz NWS WPS Core Period “Stacked Pay Zones” Active Potential Active NWS Platform Sh
Slide 7: Proof It's Working, It's Repeatable and Scalable
Proof It’s Working, It’s Repeatable and Scalable Horizontals Revitalized Legacy Fields and Fueled Rapid Production Growth in the Last ~ 5 Years CBP Multi-Bench Yoakum 2026 vs 2015 Andrews 2026 vs 2015 Ector / Crane 2026 vs 2015 Development 2026 2026 2026 Ector Pre 2015 – infancy of horizontal tech
Slide 8: 200+ High-Return Horizontals Unlocked This Year
200+ High-Return Horizontals Unlocked This Year Shifting to Horizontal Development Increases Capital Efficiency of Existing Inventory CBP South Multi-Bench Horizontal Development Opportunity Significantly Enhancing Single-Well Profitability and Oil Recovery1 Ring CBP South Operating Areas >65% >180%
Slide 9: Our Disciplined Capital Allocation Principles
Our Disciplined Capital Allocation Principles 01 Financial 02 High-Return 03 Strategic 04 Long-Term Strength Development Optionality Value Creation Balance Sheet First Maximize Returns Adjust to Markets Grow Value Per Share • Preserve liquidity • Maximize returns from • Align activity with commodity
Slide 10: Updated Guidance
Updated Guidance 2026 Well Lateral Length 2H 2026 FY 2027 Sales Volumes 70% > 1.5-mile UPDATE INITIAL OUTLOOK 42% Total (Bo/d) 13,000 – 13,950 13,550 – 14,650 26% 1-mile 39% Total (Boe/d) 20,600 – 21,800 21,500 – 23,500 4% – Oil (%) 63% 63% Vertical Updated Guidance 19% Original Guidance – NGLs (%)
Slide 11: Updated Guidance (Continued)
Updated Guidance (Continued) Guidance Range Actuals Guidance Oil Sales Volumes (Bo/d) LOE (per Boe) 14,650 $11.25 $11.05 13,950 13,450 $10.60 $10.60 $10.75 13,550 $10.41 12,500 12,683 13,000 $10.12 12,276 12,450 $10.05 12,100 $10.00 $9.80 Q1 2026 Q2 2026 2H 2026 FY 2027 Q1 2026 Q2 2026 2H 2026 FY 20
Slide 12: Meaningful Upside to Adjusted Free Cash Flow
Meaningful Upside to Adjusted Free Cash Flow1,2 2026 Hedges Support the Development Plan While Unhedged and Collar Volumes Give Exposure to Upside Realized Price vs. After-Hedge Realized Price ($/Boe) Disciplined Hedging Protects Cash Flow & Preserves Flexibility Realized Price After-Hedge Realized
Slide 13: Permian's Premier Conventional Consolidator
Permian’s Premier Conventional Consolidator Ring is One of the Top Three Operators in the CBP & NWS – Uniquely Positioned to Lead Consolidation Publics NWS Privates CBP & NWS: Fragmented Ownership is an Opportunity CBP/NWS Publics CBP/NWS •1 Scale gives Ring the edge – Top-tier CBP/NWS footprint ena
Slide 14: Ring Energy's Strategic Advantage
Ring Energy’s Strategic Advantage A Leader Redefining Conventional Assets Through Unconventional Thinking & Modern Technology Delivering Sustainable Returns A Proven Cash Flow Machine: Over 6 Consecutive Years of Positive AFCF1 Conventional Asset Advantage: Shallow Decline, High Margin and Long Life
Slide 15: Thank You
Q2 2026 EARNINGS | AUGUST 6, 2026 THANK YOU Ring Headquarters 1725 Hughes Landing Blvd Ste 900 The Woodlands, TX 77380 Phone: (281) 397-3699 Company Contact Analyst Coverage Sonu Singh Johl Alliance Global Partners (AGP) Bank of America Securities (281) 397-3699 Poe Fratt (314) 719-6084 Conor Fitzpa
Slide 16: Ring Energy's Management Team
Ring Energy’s Management Team Paul D. McKinney Alexander Dyes Sonu Johl James J. Parr Executive Vice President, Chief Chairman & Chief Executive Vice President, Chief Executive Vice President, Chief Financial Officer and Treasurer Executive Officer Operations Officer Exploration Officer 40+ years of