RING ENERGY, INC. (REI) SEC Filings

Ring Energy, Inc. has disclosed a significant shareholder group led by PEAK6 entities and individuals Matthew Hulsizer and Jennifer Just. These reporting persons collectively beneficially own 17,079,382 shares of Ring Energy common stock, representing 6.6% of the outstanding class.

For each reporting person, the disclosure lists 0 shares with sole voting and dispositive power and 17,079,382 shares with shared voting and shared dispositive power. The ownership is held through a chain of Delaware entities, with PEAK6 Capital Management LLC wholly owned, directly or indirectly, by other PEAK6 entities in which Hulsizer and Just are the majority ultimate beneficial owners.

Ring Energy reported strong second-quarter 2026 results, with revenue of $104.7 million and net income of $64.8 million ($0.27 per diluted share), including a $42.2 million unrealized gain on derivative contracts. Adjusted Net Income was $24.0 million ($0.10 per diluted share) and Adjusted EBITDA rose to $54.5 million, up 42% from the first quarter.

Average production was 19,990 Boe/d, with oil at 12,683 Bo/d; lease operating expense was $10.12 per Boe, near the low end of guidance. The company generated $40.8 million of net cash from operating activities and $4.4 million of Adjusted Free Cash Flow, while reducing revolver borrowings by $66 million to $360 million and ending June 30 with total liquidity of about $226.1 million and a 1.7x Consolidated Total Debt to LQA Consolidated EBITDAX ratio.

Ring increased its 2026 development program, emphasizing longer laterals, and issued updated guidance for the second half of 2026 of 13,000–13,950 Bo/d oil and $10.00–$10.60 LOE per Boe. Initial 2027 guidance targets production growth of about 10% over 2026, LOE per Boe about 1% lower, and capital spending about 10% lower than full-year 2026.

Ring Energy, Inc. reported solid quarterly results but a weak first half of 2026. For the three months ended June 30, 2026, oil, natural gas and NGL revenues were $104.7 million, up from $82.6 million a year earlier. Lower operating costs helped lift income from operations to $50.3 million, and a $23.7 million gain on derivative contracts more than offset $8.4 million of interest expense, resulting in net income of $64.8 million, or $0.28 basic EPS.

For the six months ended June 30, 2026, results were dominated by a $162.1 million full cost ceiling impairment on oil and gas properties and a $58.5 million loss on derivative contracts, driving a net loss of $155.8 million, or $(0.70) per share, versus prior-year profit. Operating cash flow remained positive at $66.7 million, funding $72.4 million of development spending and modest acquisitions.

Liquidity is anchored by a revolving credit facility with a $585 million borrowing base; $360 million was outstanding at June 30, 2026, leaving about $225.0 million unused. During the period Ring completed an underwritten equity offering of 51,111,111 shares (total gross proceeds $69.0 million, net $64.5 million) and reduced revolver borrowings from $420 million to $360 million. Total assets were $1.28 billion and stockholders’ equity $753.4 million, with 260.5 million common shares outstanding.

RING ENERGY, INC. CEO and Chairman Paul D. McKinney reported an open-market purchase of 50,000 shares of Common Stock at an average price of $1.19 per share. Following this transaction, he directly holds a total of 4,158,463 shares. The newly purchased shares represent a relatively small addition compared with his overall reported holdings, suggesting this filing documents an incremental increase in his personal stake rather than a large position change.

Ring Energy, Inc. Executive Vice President and Chief Financial Officer Sundip Singh Johl reported an open-market purchase of common stock. He bought 231,000 shares of Ring Energy at a weighted average price of $1.2071 per share. Following this transaction, he directly owns 548,460 common shares. The filing notes that the purchase was executed through multiple trades at prices ranging from $1.1922 to $1.2218 per share.

Ring Energy, Inc. reported voting results from its 2026 annual stockholder meeting. Of 209,395,110 common shares outstanding as of the April 2 record date, 145,045,941 shares were represented, about 69.3% of those eligible to vote.

Stockholders elected all seven director nominees, each receiving more votes "For" than "Withheld." They also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. In addition, stockholders ratified the appointment of Grant Thornton LLP as independent registered public accounting firm for fiscal year 2026.

Ring Energy, Inc. entered into an underwriting agreement with Mizuho Securities USA, BofA Securities, and Raymond James for a previously announced underwritten offering of 44,444,445 shares of its common stock.

The company also granted the underwriters a 30‑day option to purchase up to 6,666,666 additional shares. The transaction is being conducted under an effective shelf registration statement on Form S‑3, using a base prospectus and May 12, 2026 preliminary and final prospectus supplements. Ring Energy agreed to customary indemnification provisions and filed the underwriting agreement and related legal opinion as exhibits.

Ring Energy, Inc. is offering 44,444,445 shares of common stock via a prospectus supplement dated May 12, 2026. The public offering price is $1.35 per share, implying gross proceeds of $60,000,001 before underwriting discounts. Net proceeds are expected to be approximately $56.0 million, which Ring intends to use primarily to repay outstanding borrowings under its senior secured revolving credit facility.

The prospectus supplement states shares outstanding were 209,409,180 as of May 6, 2026, and post-offering shares outstanding would be 253,853,625 (or 260,520,291 if the underwriters exercise the option in full). The underwriters have a 30-day option to purchase up to 6,666,666 additional shares at the offering price less underwriting discount.

Ring Energy, Inc. is offering $60,000,000 of common stock in a registered shelf offering, with an underwriter option to purchase up to an additional $9,000,000 of shares. The offering assumes the underwriters do not exercise their option unless stated otherwise. Proceeds are expected to be used primarily to repay borrowings under Ring Energy’s senior secured revolving credit facility; as of March 31, 2026, outstanding borrowings under that facility were $426.0 million and the weighted average annual interest rate for the three months ended March 31, 2026 was 7.3%. The prospectus supplement cites 209,409,180 shares outstanding as of May 6, 2026 and discloses proved reserves of 153.3 MMBoe (59% oil) as of December 31, 2025. The offering is being conducted in compliance with FINRA Rule 5121 because affiliates of certain underwriters will receive at least 5% of the net proceeds through credit‑facility repayment.