REI

#3097
Ring Energy, Inc. Common Stock
1.5 0 USD
+0.01%
Market Price
Settore: Energia
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
1.48
1.51
Intervallo Annuale
1.03
2.00
Variazione giornaliera
+0.67%
Variazione Mensile
+20.97%
Variazione di 6 mesi
-5.66%
Variazione Annuale
+10.72%
Chiusura Precedente
1.4 9
Open
1.4 9
Minimo
1.4 8
Massimo
1.5 1
Volume
311
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
RING ENERGY, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
RING ENERGY, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
RING ENERGY, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
RING ENERGY, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
RING ENERGY, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
RING ENERGY, INC. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
RING ENERGY, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
RING ENERGY, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
RING ENERGY, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
RING ENERGY, INC. current report, Q1 FY2026
8-K

RING ENERGY, INC. current report, Q2 FY2025

Full document

Business Context and Reporting Period

Company: Ring Energy, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 18, 2025
Event: Entry into a Material Definitive Agreement (Third Amended and Restated Credit Agreement).

Key Financial Metrics and Debt Structure

This filing details a restructuring of the Company's credit facility rather than reporting operational financial results (revenue, profit, or cash flow). Key debt metrics include:

  • Administrative Agent Change: Switched from Truist Bank to Bank of America, N.A.
  • Borrowing Base and Commitment: Reduced from $600 million to $585 million.
  • Maturity Date: Extended from August 31, 2026, to June 18, 2029.
  • Interest Margin: Reduced by 25 basis points.
  • Collateral: Obligations are secured by substantially all of the Company's assets.

Note: The filing text does not provide current values for revenue, net income, operating cash flow, or liquidity ratios.

Material Changes Versus Prior Period

Compared to the Existing Credit Agreement (dated August 31, 2022, as amended February 12, 2024), the following material changes were implemented:

  • Capacity Reduction: Aggregate elected commitment decreased by $15 million.
  • Term Extension: Maturity extended by approximately three years.
  • Cost Reduction: Applicable margin pricing grid lowered by 0.25%.
  • Administrative Shift: Transfer of administrative agency duties to a new bank.

Guidance, Outlook, and Risks

Management Commentary: The Company issued a press release on June 18, 2025, announcing the agreement. The filing incorporates this release by reference but does not contain specific forward-looking guidance on production or pricing within the text provided.

Risks and Contingencies:

  • The credit facility is secured by substantially all Company assets, indicating a high level of leverage risk.
  • The reduction in the borrowing base may limit future liquidity availability compared to the prior agreement.

Investor Verification Checklist

  • Verify the specific terms of the "applicable margin pricing grid" to calculate the exact new interest rate.
  • Review the attached Exhibit 10.1 (Credit Agreement) for covenants and default provisions.
  • Confirm the impact of the $15 million borrowing base reduction on current liquidity and working capital.
  • Check the press release (Exhibit 99.1) for management's strategic rationale regarding the maturity extension.

Notizie