Oct. 23 at 6:05 PM
Ring Energy, Inc. (REI): Doubling Down on Deleveraging While Preserving Growth Optionality
🔹 Targeting
$18M debt reduction in 3Q25, taking long-term debt to ~
$430M; 2.2x LTM leverage and
$137M liquidity as of 6/30/25
🔹
$100M Lime Rock acquisition expands CBP Permian footprint; added production & inventory, with flexibility to defer capex
🔹 Operations outperforming: oil volumes beat guidance midpoints in 1Q25 (+1.9%) and 2Q25 (+2.2%); 3Q25 guide midpoints 13,350 Boe/d oil, 20,200 Boe/d total
🔹 Financial outlook: 3Q25 EBITDA est.
$47.9M; FY25/FY26 EBITDA est.
$190.9M /
$205.4M (sensitized: ~
$15M EBITDA per
$5/bbl oil move)
With disciplined capex and accelerated deleveraging, Ring is positioning for resilient FCF and optionality ahead of a better macro. Follow along with Jeffrey Robertson for more!
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