Ring Energy Q1 FY26 net loss widens to $220.6 million; revenue rises 10% to $73.7 million

Ring Energy, Inc.

Ring Energy, Inc.

REI

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  • Ring Energy posted a Q1 2026 net loss of USD 220.6 million, or USD 1.06 per diluted share, swinging from profit year-ago.
  • Revenue rose 10% from Q4 2025 to USD 73.7 million, while average daily sales volumes fell 6% to 19,351 Boe/d.
  • The quarterly loss was driven primarily by a USD 162.1 million non-cash ceiling test impairment and a USD 77 million unrealized derivative loss tied to changes in forward commodity prices.
  • Lease operating expense came in at USD 10.41 per Boe, while capital expenditures climbed 42% from Q4 2025 to USD 34.5 million.
  • Guidance for Q2 2026 calls for total sales volumes of 19,400-21,000 Boe/d, capital spending of USD 28-36 million; CEO Paul D. McKinney flagged possible supply disruptions from the Iranian Conflict as a potential support for longer-term oil prices.


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