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Ring Energy Q2 Earnings Call Highlights
['Jeff Wilder']
Daily Political
Oil sales averaged 12,683 barrels per day.
Equity Offering Reduces Revolver DebtDuring the quarter, Ring completed an underwritten public equity offering that generated approximately $65 million of net proceeds.
Ring increased its planned second-half capital spending range to $80 million to $100 million, bringing expected full-year 2026 capital expenditures to $158 million to $178 million.
2027 total BOE sales guidance: 21,500 to 23,500 BOE per day.
Expected midpoint BOE sales growth: About 10% over estimated 2026 sales.