Ring Energy posts Q3 loss, beats revenue and EPS estimates, and raises 2027 production guidance
Ring Energy reported third‑quarter 2026 revenue of $102.3 million, down about 2% sequentially, and a net loss of $16.6 million, or $0.06 per diluted share. Adjusted earnings were $0.10 per share, beating consensus by $0.03‑$0.04. The company sold $30.5 million of non‑core assets, used $10 million to cut revolving‑credit borrowings to $350 million and acquired 16.5 k net acres for $18.8 million. It updated its outlook, guiding Q4 oil production of 12,900‑13,500 Bopd and projecting 2027 total sales of 21,000‑23,000 BOE per day backed by a $135‑$165 million capital plan.
Why it matters
The company said it expects adjusted free cash flow to turn positive in the fourth quarter, which should support its leverage target of 1.5 times and fund the 2027 growth plan. Analysts note the beat and higher guidance could lift the stock’s near‑term valuation.
Key facts
- 1Q3 2026 revenue was $102.3 million, down ~2% from the prior quarter. stocktitan.net
- 2Adjusted net income was $27.3 million, or $0.10 per diluted share, up ~14% from the prior quarter. stocktitan.net
- 3The company reported a net loss of $16.6 million, or $0.06 per diluted share. stocktitan.net
- 4Non‑core asset divestitures totaled $30.5 million, representing ~130 BOE/d and 9.8 k net acres. stocktitan.net
- 5Proceeds were used to reduce revolving‑credit borrowings by $10 million to $350 million, improving the leverage ratio to 1.5 times. stocktitan.net
- 6Ring acquired ~16.5 k net acres for $18.8 million, expanding its core footprint by over 25% in Crane and Ector Counties. stocktitan.net
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.