Ring Energy Targets $18 Million Debt Reduction for Q3 2025

Reuters

08/26

Ring Energy Targets $18 Million Debt Reduction for Q3 2025

Ring Energy Inc., based in The Woodlands, Texas, has announced its debt reduction target for the third quarter of 2025. The company aims to reduce its debt by approximately $18 million, expecting to lower its borrowings outstanding on its credit facility to around $430 million by September 30, 2025. This marks a decrease from the $448 million recorded as of June 30, 2025. The company's CEO, Paul D. McKinney, highlighted that this move is part of their strategy to maximize free cash flow and strengthen their balance sheet in response to the recent drop in oil prices. Additionally, Warburg Pincus, a previous major stockholder, has exited its full common equity position in the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ring Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9518081-en) on August 26, 2025, and is solely responsible for the information contained therein.

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The company aims to reduce its debt by approximately $18 million, expecting to lower its borrowings outstanding on its credit facility to around $430 million by September 30, 2025. This marks a decrease from the $448 million recorded as of June 30, 2025. The company's CEO, Paul D. McKinney, highlighted that this move is part of their strategy to maximize free cash flow and strengthen their balance sheet in response to the recent drop in oil prices. Additionally, <a href=\"https://laohu8.com/S/WPCA\">Warburg Pincus</a>, a previous major stockholder, has exited its full common equity position in the company.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ring Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9518081-en) on August 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2095319765.USD","symbol_name":"Natixis Thematics Subscription Economy R/A USD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250826:nNDL16MQvV:1","article_id":"2562780811","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562780811","pubTimestamp":1756205112,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ring Energy Inc., based in The Woodlands, Texas, has announced its debt reduction target for the third quarter of 2025. The company aims to reduce its debt by approximately $18 million, expecting to lower its borrowings outstanding on its credit facility to around $430 million by September 30, 2025. This marks a decrease from the $448 million recorded as of June 30, 2025. The company's CEO, Paul D. McKinney, highlighted that this move is part of their strategy to maximize free cash flow and strengthen their balance sheet in response to the recent drop in oil prices. Additionally, Warburg Pincus, a previous major stockholder, has exited its full common equity position in the company.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ring E","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","NDAQ":"纳斯达克OMX交易所","REI":"Ring Energy Inc.","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4588":"碎股","BK4213":"石油与天然气的勘探与生产","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","BK4585":"ETF&股票定投概念","BK4112":"金融交易所和数据"},"translate_title":"Ring Energy的目标是2025年第三季度债务减少1800万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDAQ":0.9,"REI":0.9},"content_text":"Ring Energy Targets $18 Million Debt Reduction for Q3 2025\n    \n\nRing Energy Inc., based in The Woodlands, Texas, has announced its debt reduction target for the third quarter of 2025. The company aims to reduce its debt by approximately $18 million, expecting to lower its borrowings outstanding on its credit facility to around $430 million by September 30, 2025. This marks a decrease from the $448 million recorded as of June 30, 2025. The company's CEO, Paul D. McKinney, highlighted that this move is part of their strategy to maximize free cash flow and strengthen their balance sheet in response to the recent drop in oil prices. Additionally, Warburg Pincus, a previous major stockholder, has exited its full common equity position in the company.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ring Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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