Ring Energy Announces Debt Paydown, Reaffirmation of Borrowing Base and Enhanced Liquidity Position

Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has recently paid down debt by $66 million and that its $1.0 billion senior revolving credit facility (the “Credit Facility”) has been amended and its borrowing base reaffirmed at $585 million following the Company’s most recent semi-annual redetermination. Ring’s next borrowing base redetermination is scheduled for fall 2026. The Company reduced outstanding borrowings under the Credit Facility by $66 million during the second quarter of 2026, using net proceeds from its recently completed equity offering, including the full exercise of the greenshoe, the underwriters’ option to purchase additional shares, as well as cash flow from operations. The combination of these actions increased liquidity at June 30, 2026 to $226.1 million from $160 million at March 31, 2026, a ~41% improvement. Key Highlights Borrowings were reduced by $66 million during the second quarter of 2026, resulting in $360 million of total debt outstanding under the Credit Facility at June 30 and liquidity was increased ~41 %; Borrowing base reaffirmed at $585 million; and Credit Facility was amended to eliminate the 10-basis point SOFR credit spread adjustment. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “The reaffirmation of our $585 million borrowing base underscores the strength of Ring’s asset base and the continued confidence of our lending group. Coupled with the $66 million debt reduction with proceeds from our recent equity offering and cash flow from operations, we have enhanced our liquidity, lowered leverage, and provided additional flexibility to execute our d...