Ring Energy Cuts Debt by $66M, Boosts Liquidity 41% and Reaffirms $585M Credit Base

2026-07-02

Ring Energy paid down $66 million of its senior revolving credit debt in Q2, reducing total borrowings to $360 million and raising liquidity to $226.1 million, up 41% from March. The borrowing base was reaffirmed at $585 million and credit facility amended to eliminate a 10-basis point SOFR spread adjustment.

1. Q2 Debt Reduction and Liquidity Increase

During the second quarter of 2026, Ring Energy used net proceeds from its equity offering, including full greenshoe exercise, and operational cash flow to reduce borrowings under its $1.0 billion senior revolving credit facility by $66 million, decreasing outstanding debt to $360 million and raising liquidity to $226.1 million, a 41% increase from March 31.

2. Borrowing Base Reaffirmed and Facility Amendment

Following the semi-annual redetermination, the company’s borrowing base remained at $585 million. The credit facility was amended to remove the 10-basis point SOFR credit spread adjustment, enhancing cost efficiency and flexibility. The next borrowing base review is scheduled for fall 2026.