Ring Energy, Inc. (NYSE:REI ) Q2 2025 Earnings Conference Call August 7, 2025 11:00 AM ET Company Participants Al Petrie - Officer of Investor Relations Alexander Dyes - Executive VP & Chief Operations Officer Paul D. McKinney - CEO & Chairman of the Board Shawn D.
Although the revenue and EPS for Ring Energy (REI) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ring Energy (REI) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.12 per share a year ago.
RioCan had a solid performance in Q1 2025. The results were overshadowed by lowered guidance and NAV write-down. FFO guidance was revised down to $1.85–$1.88 per unit, reflecting the Hudson's Bay situation.
REI is a mispriced, cash-generating Permian oil pure-play with low decline rates and strong free cash flow, trading far below book value. Operational discipline, smart hedging, and accretive acquisitions position REI for resilience and upside even at moderate oil prices; management prioritizes debt reduction. Warburg Pincus' forced selling is a temporary overhang, not a reflection of fundamentals -- I'm accumulating shares while this artificial discount persists.
Ring reduced its capex budget for the remaining three quarters of 2025 by nearly 50%. This increased its projected free cash flow for 2025 to around $52 million. Ring's 2H 2025 oil production guidance was cut by 10%, due to the large reduction in development activity.
Ring Energy, Inc. (NYSE:REI ) Q1 2025 Earnings Conference Call May 8, 2025 12:00 PM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman & Chief Executive Officer Travis Thomas - Executive Vice President & Chief Financial Officer James Parr - Executive Vice President & Chief Exploration Officer Shawn Young - Senior Vice President, Operations Conference Call Participants Jeff Robertson - Water Tower Research Noel Parks - Tuohy Brothers Operator Good day, and welcome to the Ring Energy's First Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode.
Ring Energy's recent acquisition will significantly impact Q2 results and future profitability. Management aims to enhance property profitability, supporting the purchase's value and decreasing the debt ratio at the time of acquisition. The acquired EBITDAX is nearly half the acquisition price, indicating a favorable purchase price.
Ring Energy (REI) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.10 per share a year ago.
Ring made a $100 million acquisition, 90% in cash (including deferred payments). The acquisition price appears okay by itself, but this will increase Ring's projected leverage to near 2.0x at the end of 2025. I had highlighted debt reduction as being important for Ring's share price before, so this move is a step back in that area.
Ring Energy's recent acquisition aims to boost free cash flow. Management's strategy shift post-COVID has been successful. The latest acquisition is expected to improve the debt ratio.
Ring Energy, Inc. (NYSE:REI ) Q4 2024 Earnings Conference Call March 6, 2025 11:00 AM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chairman & Chief Executive Officer Travis Thomas - Executive Vice President & Chief Financial Officer Shawn Young - Senior Vice President, Operations Alex Dyes - Executive Vice President & Chief Operations Officer Conference Call Participants Bert Donnes - Truist Noel Parks - Tuohy Brothers Jeff Robertson - Water Tower Research Operator Good morning, and welcome to the Ring Energy Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.