Ring Energy Releases Fourth Quarter and Full Year 2025 Results, Year-End 2025 Proved Reserves, and Provides 2026 Guidance

About this update from Ring Energy, Inc.

[{"type":"image","alt":"Ring Energy, Inc.","displaySize":"","headline":null,"caption":"Ring Energy, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":80,"url":"https://media.zenfs.com/en/globenewswire.com/09153d463635a5846a69b2bf3ca43a1b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lvkfOe.mMarHf9TUbcw5Ww--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/09153d463635a5846a69b2bf3ca43a1b","width":300,"height":80}},"lazy":false},{"type":"text","content":"THE WOODLANDS, Texas, March 04, 2026 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2025, year-end 2025 proved reserves and provided 2026 operational and financial guidance.","length":297,"tagName":"p"},{"type":"text","content":" Fourth Quarter 2025 Highlights ","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sold 13,124 barrels of oil per day (“Bo/d”), near the mid-point of guidance and 20,508 barrels of oil equivalent per day (“Boe/d”) which was above the mid-point of guidance;","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported a net loss of $12.8 million, or $(0.06) per diluted share, which included a $35.9 million of non-cash ceiling test impairment, and Adjusted Net Income 1 of $3.6 million, or $0.02 per diluted share;","length":205,"tagName":"p"}]},{"val":[{"type":"text","content":"Remained cash flow positive for the 25th consecutive quarter, generating Adjusted Free Cash Flow (“AFCF”) 1 of $5.7 million;","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced debt $8.0 million after retiring a $10.0 million deferred payment obligation;","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Lowered Lease Operating Expense (“LOE”) to $10.02 per Boe, 7% below the low end of guidance; and","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Capital expenditures of $24.3 million, which was within guidance; ","length":65,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":747,"olType":false},{"type":"text","content":" Full Year 2025 Highlights ","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Increased sales volumes year-over-year (“YoY”) by 3% to a record 20,253 Boe/d with oil sales essentially flat at 13,263 Bo/d;","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported a net loss of $34.7 million, or $(0.17) per diluted share, which included a $108.8 million non-cash ceiling test impairment, and Adjusted Net Income 1 of $38.4 million, or $0.19 per diluted share;","length":204,"tagName":"p"}]},{"val":[{"type":"text","content":"Generated record Adjusted Free Cash Flow 1 of $50.1 million, despite an 18% reduction in realized prices, and remained cash flow positive for over 6 consecutive years;","length":166,"tagName":"p"}]},{"val":[{"type":"text","content":"Proved reserves increased by 14%, or 19.1 MMBoe, to 153.3 MMBoe;","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Decreased capital expenditures by 35% YoY to $98.2 million;","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Paid down $40.0 million of debt since closing the acquisition of Central Basin Platform (“CBP”) assets from Lime Rock Resources IV, LP (“Lime Rock”) on March 31, 2025;","length":167,"tagName":"p"}]},{"val":[{"type":"text","content":"Reaffirmed the borrowing base at $585 million, exited 2025 with ~$166 million of liquidity, and borrowings of $420 million; and","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Fully integrated Lime Rock acquisition with production, capex and LOE beating expectations to date. ","length":99,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1011,"olType":false},{"type":"text","content":" 2026 Outlook ","length":12,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Targeting essentially flat sales from the prior year after the disposition of approximately 200 Boe/d of non-operated production;","length":129,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Production midpoint of 20,150 Boe/d and 12,950 Bo/d","length":51,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":51,"olType":false}]},{"val":[{"type":"text","content":"Disciplined capital spending program with a midpoint of $115 million;","length":69,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total wells drilled, completed and online (midpoint) of ~28 wells.","length":66,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":66,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":315,"olType":false},{"type":"text","content":"_______________________________________ 1. Non-GAAP financial measure. Please see “Non-GAAP Financial Information” at the end of this release for details and reconciliations of GAAP to Non-GAAP. ","length":194,"tagName":"p"},{"type":"readMore"},{"type":"text","content":" Management Commentary ","length":21,"tagName":"p"},{"type":"text","content":"Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented:","length":83,"tagName":"p"},{"type":"text","content":"“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 the first quarter. 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.","length":642,"tagName":"p"},{"type":"text","content":"Overall, Ring increased production by 3% year over year, and in the last six months, we reduced our lease operating expenses by approximately $1.4 million per month – an 18% reduction 2 . In addition to the new reserves added by the Lime Rock transaction, we replaced 169% of our 2025 production organically which contributed to our strong 14% increase in year-over-year reserves.","length":378,"tagName":"p"},{"type":"text","content":"These operational improvements drove strong financial results. We generated a record $50 million of Adjusted Free Cash Flow, a 15% increase year over year, paid down $40 million of debt since closing the Lime Rock acquisition, and paid the $10 million deferred cash payment for the Lime Rock acquisition. Importantly, we extended our record to 25 consecutive quarters of positive cash flow generation. Our consistent execution continues to support sustainable free cash flow across commodity cycles.”","length":500,"tagName":"p"},{"type":"text","content":"Mr. McKinney concluded, “In 2026, we are focused on improving capital efficiency through cost reductions, improving the horizontal mix of our capital program, and drilling longer lateral wells. At a $60 oil price, we intend to maintain production, reduce debt, and continue growing our inventory and reserves. If prices continue above $60, we will accelerate debt reduction. On behalf of the Board and management team, we thank our employees for their disciplined execution in 2025 and look forward to our continued success and creating value for our stockholders in 2026.”","length":573,"tagName":"p"},{"type":"text","content":" Summary Results ","length":15,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-top:solid black 1pt;border-right:solid black 1pt;border-left:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"5","style":"border-top:solid black 1pt;border-right:solid black 1pt;border-bottom:solid black 1pt;text-align:center;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" Quarter ","length":7,"tagName":"p","attribs":{}}]},{"colspan":"3","style":"border-top:solid black 1pt;border-right:solid black 1pt;border-bottom:solid black 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