Ring Energy: Acquisition Completed But Outlook Uncertain
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) Lags Q1 Earnings and Revenue Estimates
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 Energy: Central Basin Platform Acquisition Increases Its Leverage Again
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: Results Show Benefits Of Acquisition Strategy
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. (REI) Q4 2024 Earnings Call Transcript
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.
Ring Energy (REI) Q4 Earnings and Revenues Miss Estimates
Ring Energy (REI) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.11 per share a year ago.
Ring Energy Eyes Production Expansion Over The Medium Term
Ring Energy operates in the Permian Basin with a high liquids mix and substantial reserve life, trading at a significant discount. Despite production increases, sales growth lagged due to lower NGL and natural gas prices, but new transit capacity could alleviate pricing pressures. Management focuses on debt reduction, aiming to reach a 1.0x leverage target by mid-2026, potentially enabling future acquisitions or production expansion.
RioCan REIT: A 6% Dividend Yield With A Low Payout Ratio
RioCan REIT's strong AFFO and high occupancy rates make it appealing, despite recent interest rate increases affecting REIT share prices. The REIT's diverse tenant base and focus on commercial properties ensure stable rental income, with a payout ratio of 74%. Recent debt refinancing at favorable rates indicates manageable future debt costs, with potential for rent hikes aligning with inflation.
Ring Energy: Help From The Matterhorn Pipeline And The Weather
Ring Energy benefits from the Matterhorn Pipeline. Winter heating season should boost net income and cash flow as prices turn positive. Increased pipeline and export capacity are bullish for Ring Energy.
RioCan: A Retail Real Estate King With A Safe, Well-Covered Dividend
RioCan holds 186 prime retail and mixed-use properties across major Canadian cities, with high-demand supporting rising rents and property values. The REIT boasts a 97.8% overall occupancy rate and high-quality tenants like Loblaws and Walmart, ensuring stable cash flows. The latest Q3 results showed growth in FFO, driven by strong leasing activity and operational improvements.
Ring Energy: Founders Acquisition Has Paid Off
Ring Energy's Founders acquisition increased production and profitability, aiding debt repayment despite being financed entirely with debt. The startup of the Matterhorn Express Pipeline will improve natural gas prices. REI maintains low breakeven costs, around $30–35 per well.
Ring Energy, Inc. (REI) Q3 2024 Earnings Call Transcript
Ring Energy, Inc. (NYSE:REI ) Q3 2024 Earnings Conference Call November 7, 2024 12:00 PM ET Company Participants Al Petrie - Investor Relations Paul McKinney - Chief Executive Officer and Chairman of the Board Travis Thomas - Executive Vice President, Chief Financial Officer, Corporate Secretary & Treasurer Alexander Dyes - Executive Vice President of Engineering and Corporate Strategy Shawn Young - Vice President of Operations Conference Call Participants Neal Dingmann - Truist Securities Jeffrey Grampp - Alliance Global Partners John White - ROTH Capital Jeff Robertson - Water Tower Research Noel Parks - Tuohy Brothers Operator Good day and welcome to the Ring Energy Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
