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Get filing alertsRing Energy posts Q3 net loss on derivatives, cuts debt and sells non-core assets
Filed November 6, 2026 · Period ending November 5, 2026 · ~1 min read
Key Changes
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Q3 net loss of $16.6M ($0.06/share) driven by $41.0M unrealized derivative loss; adjusted net income rose 14% to $27.3M.
Item 2.02 verify on EDGAR → -
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Completed ~$30.5M of non-core asset sales and acquired ~$18.8M of Central Basin Platform leasehold, expanding core footprint by over 25%.
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Reduced revolver borrowings by $10.0M to $350.0M; LQA leverage ratio improved to 1.5x from 1.7x.
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Q4 2026 guidance: oil production 12,900–13,500 Bopd; total sales 20,400–21,200 Boepd.
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Posted investor presentation to website under Regulation FD; furnished, not filed.
Item 7.01 verify on EDGAR →
Summary
Ring Energy reported a third-quarter net loss of $16.6 million, or $0.06 per diluted share, driven by a $41.0 million unrealized loss on commodity derivative contracts. This compares to net income of $64.8 million in the prior quarter, which included a $42.2 million unrealized gain on derivatives.
Adjusted net income, which excludes the derivative impact, rose about 14% to $27.3 million, and adjusted EBITDA increased about 5% to $57.1 million.
The company also executed portfolio moves: it completed approximately $30.5 million of non-core asset sales and acquired about $18.8 million of leasehold interests in the Central Basin Platform, expanding its core development footprint by over 25% in Crane and Ector Counties. Ring reduced borrowings under its revolving credit facility by $10.0 million to $350.0 million, improving its LQA leverage ratio to 1.5x from 1.7x. Management provided fourth-quarter guidance for oil production of 12,900 to 13,500 barrels per day and total sales of 20,400 to 21,200 barrels of oil equivalent per day. For retail holders, the headline loss is largely a non-cash mark-to-market swing on hedges, while the underlying operational and balance-sheet trends—higher adjusted earnings, debt reduction, and core inventory expansion—appear positive. The company also posted an investor presentation to its website under Regulation FD, which is furnished and not considered filed for liability purposes.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Ring Energy issued a press release announcing Q3 2026 financial and operating results.
Added in current filing · verify on EDGAR →
On November 5, 2026, Ring Energy, Inc. (the “Company”) issued a press release announcing its financial and operating results for the third quarter ended September 30, 2026.
The company announced its third quarter 2026 financial and operating results via press release. The press release is furnished as Exhibit 99.1, but the 8-K body does not include the actual figures.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On November 6, 2026, the Company posted to its website a company presentation (the “Presentation Materials”) that management intends to use from time to time.
The company posted a presentation to its website that management plans to use in meetings with investors, lenders, and other stakeholders. The presentation is furnished as Exhibit 99.2 and is not considered filed for liability purposes.
Event · Exhibit 99.1
Ring Energy reported Q3 2026 results, updated guidance, and disclosed portfolio moves including asset sales, acreage acquisition, and debt reduction.
Added in current filing · view on EDGAR →
Reported net loss of $16.6 million, or $0.06 per diluted share, including a $41.0 million unrealized loss on commodity derivative contracts;
Ring Energy reported a net loss of $16.6 million for Q3 2026, driven by a $41.0 million unrealized loss on commodity derivative contracts. This compares to a net income of $64.8 million in Q2 2026, which included a $42.2 million unrealized gain on derivatives.
Added in current filing · view on EDGAR →
Adjusted Net Income1 of $27.3 million, or $0.10 per diluted share, up ~ 14% from $24.0 million;
Adjusted Net Income rose to $27.3 million, up about 14% from $24.0 million in Q2 2026. Adjusted EBITDA also increased to $57.1 million, up about 5% from $54.5 million, despite lower realized oil prices.
Event · Exhibit 99.2
Ring Energy's Q3 2026 investor deck highlights debt reduction, non-core asset sales, and cost improvements.
Added in current filing · view on EDGAR →
Generated $30.5MM from two non-core asset sales
Ring Energy monetized two non-core assets for $30.5 million, capitalizing on higher oil prices to sell at accretive, premium valuations. The proceeds were used to redeploy capital into core inventory and reduce debt.
Added in current filing · view on EDGAR →
Leased ~16,500 net acres in core operating areas in the Central Basin Platform for $18.8MM
The company expanded its core inventory by leasing approximately 16,500 net acres in the Central Basin Platform for $18.8 million. This increased its Crane & Ector County footprint by about 25%, adding long-lateral locations adjacent to existing operations.
Added in current filing · view on EDGAR →
LOE of $10.20 per Boe (Below the mid-point of guidance)
Ring Energy reported lease operating expense of $10.20 per Boe, below the midpoint of its guidance. All-in cash operating costs were $21.03 per Boe, a 3% improvement quarter-over-quarter.
Added in current filing · view on EDGAR →
Brought online Company’s first 2-mile co- development wells
Ring Energy brought online its first 2-mile co-development wells during Q3 2026, marking an operational milestone. The company also reduced drilling and completion costs to approximately $475 per lateral foot.
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Figures/quotes linked to EDGAR · Narrative written by AI · Nov 9, 2026 · How we verify