Ring Energy paid down $66 million in debt during the second quarter of 2026.
Total outstanding borrowings under its credit facility decreased to $360 million as of June 30. Net proceeds from a recent equity offering and operational cash flow financed the paydown.
Lenders reaffirmed the company’s $585 million borrowing base. These actions increased Ring Energy’s liquidity by approximately 41%.
Total liquidity now stands at $226.1 million. This position provides greater financial flexibility to execute the company's capital allocation strategy.