Ring Energy, Inc. Price & Performance (REI)

Ring Energy has cut its second-quarter 2025 capital spending guidance by over 50%, lowering the midpoint to $18 million. Despite this reduction, the company reaffirmed its production targets, forecasting 14,200 barrels of oil per day. The move comes as oil prices remain volatile, prompting a strategic focus on debt reduction.123

In response to falling oil prices, Ring Energy is slashing its Q2 capital expenditures but keeping production guidance steady. The company expects to produce 21,500 barrels of oil equivalent per day. Management emphasizes maximizing cash flow and reducing debt, with further guidance updates expected in May alongside Q1 results.456

Ring Energy exceeded Q1 oil production guidance, driven by strong well performance and successful integration of the Lime Rock acquisition. Over 6,300 barrels per day are hedged at $64.44 per barrel, enhancing financial stability. The company’s disciplined approach to capital allocation and debt reduction positions it for continued resilience amid market uncertainty.768