Ring Energy: Aiming For Both Production Growth And Deleveraging In 2027

Elephant Analytics Investing Group Leader Follow Summary Ring increased its 2026 capex budget to $168 million from its initial $115 million budget. This allows it to drill more horizontal wells, with the impact mostly benefitting 2027 production. Ring's initial 2027 outlook involves 10% production growth with a $150 million capex budget. Ring's end of 2026 leverage is projected at 1.6x, while its end of 2027 leverage is projected at 1.2x. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Dmitrii Pichugin/iStock via Getty Images Ring Energy ( REI ) has decided to increase its 2026 capex budget to around $168 million (from its initial $115 million capex budget). It is increasing the number of wells it is drilling This article was written by Elephant Analytics 12.01K Followers Follow Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>> Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.