Ring Energy, Inc. (REI) Q3 2024 Earnings Call Transcript Summary
Ring Energy, Inc. (REI) Q3 2024 Earnings Call Transcript Summary
Year-to-date adjusted free cash flow increased 34%.The following is a summary of the Ring Energy, Inc. (REI) Q3 2024 Earnings Call Transcript:
以下是Ring Energy, Inc.（REI）2024年第三季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Ring Energy reported an 11% increase in average per day total sales volume over the same period in 2023.
Adjusted EBITDA grew 7% year-to-date.
Year-to-date adjusted free cash flow increased 34%.
Q3 adjusted EBITDA was $54 million; adjusted free cash flow amounted to $1.9 million.
Reduced debt by $33 million year-to-date, achieving $392 million in outstanding debt by end of Q3.
Third quarter revenue reached $89.2 million, a 10% decrease from Q2, mainly due to lower overall realized pricing.
Ring Energy報告稱，與2023年同期相比，平均每天的總銷售量增長了11％。
調整後的息稅折舊攤銷前利潤今年迄今增長了7％。
年初至今，調整後的自由現金流增長了34％。
第三季度調整後的息稅折舊攤銷前利潤爲5400萬美元；調整後的自由現金流爲190萬美元。
今年迄今減少了3,300萬美元的債務，到第三季度末已實現3.92億美元的未償債務。
第三季度收入達到8,920萬美元，比第二季度下降10％，這主要是由於總體已實現定價的降低。
Business Progress:
業務進展：
Acquired Founders Central Basin Platform Assets; accretive acquisition expanding core operating area and enhancing inventory of low risk, high return drilling locations.
Sold certain non-core high operating cost vertical wells, using proceeds to pay down $15 million of debt in Q3.
Drilling plans include four to six horizontal and vertical wells by year end.
Continuing focus on capital discipline and strategic acquisitions to strengthen balance sheet.
收購了創始人中央盆地平台資產；增值收購擴大了核心運營區域，增加了低風險、高回報鑽探地點的庫存。
出售了某些非核心高運營成本垂直油井，用所得款項在第三季度償還了1500萬美元的債務。
鑽探計劃包括到年底前四到六口水平和垂直井。
繼續關注資本紀律和戰略收購，以加強資產負債表。
Opportunities:
機會：
Leveraging acquisitions like Founders Central Basin Platform Assets for expanded operations and improved capital allocation.
New drilling in Q4 aimed at testing and potentially expanding production inventory organically.
利用諸如Founders Central Basin平台資產之類的收購來擴大運營和改善資本配置。
第四季度的新鑽探旨在測試並可能有機地擴大生產庫存。
Risks:
風險：
Managed a 7% and 12% decrease in realized third quarter oil and BOE sales pricing respectively; dependent on commodity market conditions which can affect revenue and cash flow.
第三季度石油和英國央行的實際銷售定價分別下降了7％和12％；這取決於可能影響收入和現金流的大宗商品市場狀況。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
小貼士：本文由 AI 生成。無法完全保證內容的準確性。如需更全面的詳情，請訪問投資者關係網站。本文僅供投資者參考，不提供任何指導或建議建議。
