)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Ring Energy (REI) investor relations material
Ring Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Achieved or exceeded Q3 2025 operational and financial goals, with average daily sales of 20,789 Boe/d (64% oil), above guidance midpoint, and oil at 13,332 Bo/d near guidance midpoint.
Maintained positive adjusted free cash flow for the 24th consecutive quarter, generating $13.9 million in Q3, and paid down $20 million in debt, exceeding guidance.
Reported a net loss of $51.6 million, primarily due to a $72.9 million non-cash ceiling test impairment charge.
Closed the Lime Rock acquisition, adding 12 MMBoe of proved reserves, 18,000 net acres, and significant new drilling locations.
Continued focus on debt reduction, leverage improvement, and disciplined capital allocation to maintain flexibility and resilience.
Financial highlights
Q3 2025 oil sales averaged 13,332 Bbl/d; total sales were 20,789 Boe/d, above guidance midpoint.
Revenue for Q3 2025 was $78.6 million, down 5% sequentially and 12% year-over-year due to lower volumes and prices.
Adjusted EBITDA was $47.7 million; adjusted net income was $13.1 million; adjusted free cash flow was $13.9 million.
Lease operating expense was $10.73/Boe, below guidance and down 2% year-over-year.
Net loss of $51.6 million in Q3 2025, including a $72.9 million non-cash impairment charge.
Outlook and guidance
Full-year 2025 production guidance: 13,100–13,500 barrels of oil per day and 19,800–20,400 Boe/d; reaffirmed at ~20,100 Boe/d (66% oil).
Q4 2025 sales volume guidance: 19,100–20,700 Boe/d; oil production 12,700–13,600 Bo/d (66% oil mix).
Full-year 2025 capital spending guidance midpoint is $97 million, with 60% allocated to drilling and completions.
LOE guidance for Q4 2025 is $10.75–$11.75/Boe; full-year 2025 LOE guidance lowered to ~$11.10/Boe.
2026 outlook maintains production at 20,000 Boe/d and capex at ~$110 million, pending board approval and commodity price outlook.
What scenarios impact Q4 debt reduction beyond $10M?
What drives non-op asset sale valuation expectations?
Describe organic growth opportunities for 2026+
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Ring Energy earnings date
Q4 20259 Mar, 2026
Next Ring Energy earnings date
Q4 20259 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Ring Energy, Inc. is an independent oil and gas exploration and production company. The company focuses on acquiring, developing, and operating oil and natural gas properties, primarily targeting conventional and unconventional reservoirs. Ring Energy's core operations are concentrated in established oil-producing regions in the United States, including the Permian Basin and other prolific geological areas. The company is headquartered in The Woodlands, Texas, and its shares are listed on the NYSE American.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage