Ring Energy Upgrades Sales Forecast and Debt Reduction in Q2 2024

Monday, 8 July 2024, 10:45

Ring Energy, Inc. raises its Q2 2024 sales guidance beyond previous estimates, announces debt reduction, and maintains a solid borrowing base of $600 million. The company achieves higher production levels, affirming growth potential.
Yahoo Finance
Ring Energy Upgrades Sales Forecast and Debt Reduction in Q2 2024

RING ENERGY BOOSTS SALES OUTLOOK AND CUTS DEBT

Q2 2024 Results Summary:

  • Increased Sales Guidance: Surpasses prior estimates for barrels of oil per day and barrels of oil equivalent per day
  • Debt Reduction: Announces significant progress in reducing end-of-period debt

Ring Energy, Inc. (NYSE American: REI) provided updates on their operational and financial performance for the second quarter of 2024, demonstrating improved sales prospects and sound financial management.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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