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年第三季度業績會實錄摘要：
Financial Performance:
財務表現：
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，每日總銷售量平均增長了11%。
調整後的EBITDA年初至今增長了7%。
年初至今調整後的自由現金流增加了34%。
第三季度調整後的EBITDA爲$5400萬；調整後的自由現金流金額爲$190萬。
年初至今債務減少了$3300萬，第三季末的未償債務達到了$39200萬。
第三季度營業收入達到$8920萬，較第二季度下降了10%，主要是由於整體實現價格較低。
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.
收購創始人中心盆地平台資產；增值收購擴大核心運營區域，增強低風險、高回報鑽井位置庫存。
出售一些非核心高運營成本垂直井，利用收入支付第三季度1500萬美元的債務。
年底前的鑽井計劃包括四至六口水平和垂直井。
繼續專注於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.
利用收購如創始人中心盆地平台資產擴大業務和改進資金配置。
第四季度的新鑽井旨在測試和有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.
已經成功降低了第三季度實現的原油和BOE銷售價格分別爲7%和12%; 這取決於商品市場狀況，會影響營業收入和現金流。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
