Ring Energy Announces Third Quarter 2025 Debt Reduction Target and Provides Stock Ownership Update

Core Viewpoint - Ring Energy, Inc. has set a debt reduction target of approximately $18 million for the third quarter of 2025, reflecting its commitment to strengthening its balance sheet amid volatile oil prices [2][3]. Debt Reduction and Financial Position - The company anticipates having around $430 million in borrowings outstanding on its credit facility by September 30, 2025, a decrease from $448 million as of June 30, 2025 [2]. - The debt reduction target of $18 million is part of the company's strategy to maximize free cash flow generation and pay down debt in response to earlier drops in oil prices [3]. Ownership Changes - Warburg Pincus has exited its full common equity position in Ring Energy, marking a significant change in the company's ownership structure [2][3]. Company Overview - Ring Energy, Inc. is focused on oil and gas exploration, development, and production, with current operations centered on its assets in the Permian Basin [4].