Business Context and Reporting Period
Company: Ring Energy, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 22, 2019 (Signed May 3, 2019)
Reporting Period: First Quarter 2019 operations and preliminary 2019 capital expenditure budget.
Key Financial Metrics
This Form 8-K serves as a disclosure vehicle for press releases and does not contain specific financial data tables within the filing text itself. The document references the following information contained in attached exhibits:
- Exhibit 99.1: First Quarter 2019 operational information.
- Exhibit 99.2: Preliminary 2019 capital expenditure budget.
- Exhibit 99.3: Announcement of a conference call to discuss Q1 2019 financial and operating results.
Note: Specific values for revenue, profit, cash flow, margins, debt, and liquidity are not provided in the text of this 8-K filing.
Material Changes
The filing does not detail specific material changes in financial performance or operations within the body text. It indicates that material updates regarding Q1 2019 results and the 2019 capital budget were issued via separate press releases on April 22, 2019, and April 29, 2019, respectively.
Guidance, Outlook, and Management Commentary
Management Commentary: The Company has scheduled a conference call for Thursday, May 9, 2019, at 12:00 p.m. Eastern Time to discuss 2019 first-quarter financial and operating results.
Guidance: A preliminary 2019 capital expenditure budget was released on April 29, 2019 (Exhibit 99.2).
Legal Status: The information furnished in Item 7.01 and the attached exhibits is not deemed "filed" under Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 for specific Q1 2019 production and operational metrics.
- Review Exhibit 99.2 for the detailed breakdown of the preliminary 2019 capital expenditure budget.
- Access the conference call (scheduled for May 9, 2019) or its transcript for management's commentary on financial results and future outlook.
- Verify the Company's status as an emerging growth company (indicated as checked in the filing) and its election regarding extended transition periods for accounting standards.