--- title: "Ring Energy | 8-K: FY2026 Q2 Revenue: USD 104.68 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295153187.md" datetime: "2026-08-06T22:39:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295153187.md) - [en](https://longbridge.com/en/news/295153187.md) - [zh-HK](https://longbridge.com/zh-HK/news/295153187.md) --- # Ring Energy | 8-K: FY2026 Q2 Revenue: USD 104.68 M Revenue: As of FY2026 Q2, the actual value is USD 104.68 M. EPS: As of FY2026 Q2, the actual value is USD 0.27, beating the estimate of USD 0.0733. EBIT: As of FY2026 Q2, the actual value is USD 74.11 M. ### Second Quarter 2026 Financial and Operational Highlights #### Revenues Ring Energy, Inc.’s revenues for Q2 2026 were $104.7 million, increasing from $73.7 million in Q1 2026 and $82.6 million in Q2 2025. Year-to-date (YTD) 2026 revenues totaled $178.4 million, up from $161.7 million YTD 2025. #### Net Income Net income for Q2 2026 was $64.8 million, which included a $42.2 million unrealized mark-to-market gain on commodity derivative contracts. This compares to a net income of $20.6 million in Q2 2025 and a net loss of - $220.6 million in Q1 2026. YTD 2026 net income was - $155.8 million, while YTD 2025 net income was $29.7 million. #### Adjusted Net Income Adjusted Net Income for Q2 2026 was $24.0 million, an increase from $7.4 million in Q1 2026 and $11.0 million in Q2 2025. YTD 2026 Adjusted Net Income reached $31.4 million, compared to $21.7 million YTD 2025. #### Adjusted EBITDA Adjusted EBITDA increased 42% to $54.5 million in Q2 2026 from $38.3 million in Q1 2026. In Q2 2025, Adjusted EBITDA was $51.5 million. Total YTD 2026 Adjusted EBITDA was $92.8 million, slightly down from $97.9 million YTD 2025. #### Net Cash Provided by Operating Activities Net cash provided by operating activities for Q2 2026 was $40.8 million, up from $25.9 million in Q1 2026 and $33.3 million in Q2 2025. YTD 2026 net cash provided by operating activities totaled $66.7 million, an increase from $61.7 million YTD 2025. #### Adjusted Free Cash Flow Adjusted Free Cash Flow for Q2 2026 was $4.4 million, significantly higher than $0.2 million in Q1 2026, but lower than $24.8 million in Q2 2025. YTD 2026 Adjusted Free Cash Flow was $4.6 million, compared to $30.6 million YTD 2025. Ring Energy, Inc. has achieved over six consecutive years of positive Adjusted Free Cash Flow. #### Capital Expenditures Capital expenditures for Q2 2026 were $43.2 million, increasing from $34.5 million in Q1 2026 and $16.8 million in Q2 2025. YTD 2026 capital expenditures totaled $77.7 million, up from $49.3 million YTD 2025. #### Operational Metrics (Production and Costs) Average daily sales volumes for Q2 2026 were 19,990 Boe/d, with crude oil production at 12,683 Bo/d. Oil sales volumes averaged 13,332 Bo/d in Q2 2026, an increase from 12,276 Bo/d in Q1 2026, while total sales volumes were 19,990 Boe/d, up from 19,351 Boe/d in Q1 2026. Lease operating expenses (LOE) for Q2 2026 were $10.12 per Boe, which was near the low end of guidance and below Q1 2026 levels of $10.41 per Boe. All-in cash costs were reduced by 5% in the first half of 2026 to $21.68 per Boe compared to the first half of 2025. All-in Cash Operating Costs per Boe were $21.59 in Q2 2026, a 1% improvement quarter-over-quarter from $21.77 in Q1 2026. Cash Operating Margin per Boe for Q2 2026 was $35.96, significantly higher than $20.53 in Q1 2026 and $21.12 in Q2 2025. YTD 2026 Cash Operating Margin per Boe was $28.41, compared to $22.19 YTD 2025. #### Liquidity and Debt Total liquidity at June 30, 2026, was approximately $226.1 million, including $1.1 million in cash and cash equivalents and $225.0 million in revolving credit facility availability. Borrowings outstanding on the credit facility were $360 million at June 30, 2026, representing a reduction of $66 million from March 31, 2026. The Leverage Ratio as of June 30, 2026, was 2.02, which is below the maximum allowed of 3.00x. The leverage ratio was approximately 1.7x as of June 30, 2026, down from 3.6x at year-end 2020. #### Unique Metrics As of December 31, 2025, PV-10 was $1,318,208,128. Proved reserves stood at 153 MMBoe as of December 31, 2025, with a reserve life of over 20 years. The company has over 10 years of drilling inventory with more than 500 identified locations. Ring Energy, Inc. raised $69 million in gross primary equity proceeds at $1.35 per share. #### Outlook and Guidance For the second half of 2026, Ring Energy, Inc. expects oil production of 13,000 to 13,950 Bopd and LOE per Boe between $10.00 and $10.60, with total sales volumes between 20,600 – 21,800 Boe/d and capital expenditures projected to be $80 – $100 million. Initial 2027 targets include approximately 10% production growth, 1% lower LOE per Boe, and 10% lower capital expenditures compared to full-year 2026, with oil sales volumes anticipated to be 13,550 – 14,650 Bo/d and total sales volumes 21,500 – 23,500 Boe/d, and capital expenditures of $135 – $165 million. ### Related Stocks - [REI.US](https://longbridge.com/en/quote/REI.US.md) ## Related News & Research - [REI: Capital-efficient growth in the Permian Basin driven by horizontal drilling and strategic acquisitions](https://longbridge.com/en/news/296271996.md) - [REI: Transformation to a top-tier Permian oil producer with robust growth, efficiency, and cash flow](https://longbridge.com/en/news/296261613.md) - [Ring Energy (REI) Q2 2026 Earnings Call Transcript](https://longbridge.com/en/news/295783354.md) - [OZOP Energy Solutions, Inc. 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