Headquartered in The Woodlands, TX·Fiscal year ends December·NYSE MKT: REI·ringenergy.com
About Ring Energy
Ring Energy, Inc. (NYSE American: REI) is an oil and gas exploration, development and production company focused on conventional assets in the Permian Basin of Texas and New Mexico. It operates in two core areas: the Central Basin Platform (Andrews, Crane and Ector Counties) and the Northwest Shelf (including Yoakum County).
As of the Q3 2026 filing, the company holds 96K+ net acres, of which 99% are operated. It produces about 20 MBoe/d, roughly 62–63% oil. It reports a proved PV-10 of about $1.3 billion, a reserve life of 20+ years, a PDP decline of about 20%, and 500+ identified drilling locations across multiple stacked pay zones (San Andres, Tubb, Judkins, McKnight, Wolfcamp and others).
Revenue comes from selling oil, natural gas and NGLs, with commodity risk managed through swaps, collars and basis hedges.
Ring is shifting its development program from vertical and short-lateral wells toward 1.5- and 2-mile horizontal laterals. It supports this with infrastructure investment in water storage, central tank batteries and salt-water disposal. It also actively manages its portfolio, selling non-core assets and acquiring core CBP leasehold, and funds operations through a senior revolving credit facility with a $585 million borrowing base. Updated
A $41 million unrealized derivative loss flipped GAAP to a net loss, masking adjusted EBITDA of $57.15 million at this $289 million Permian independent, which beat on both lines. It recycled non-core asset sales into an $18.8 million Central Basin Platform leasehold that expands its Crane and Ector County footprint by more than 25%, plus a $10 million debt paydown. Management is guiding to positive free cash flow in the fourth quarter.
Ring Energy, Inc. (NYSE American: REI) is an oil and gas exploration, development and production company focused on conventional assets in the Permian Basin of Texas and New Mexico.
What is the REI stock price target?
The Wall Street consensus 12-month price target for REI is $2.08.