Ring Energy targets $18mln debt reduction in Q3 2025, Warburg Pincus exits investment.

Ring Energy has set a debt reduction target of $18 million for Q3 2025, with anticipated borrowings of $430 million as of September 30. The company has also announced that Warburg Pincus has exited its full common equity position. This follows Ring's adjustment of capital spending and operational alternatives to focus on maximizing free cash flow generation.

Ring Energy (NYSE American: REI) has set a debt reduction target of $18 million for the third quarter of 2025, aiming to lower its borrowings to $430 million by September 30, 2025, down from $448 million as of June 30, 2025 [1]. The company has also announced that Warburg Pincus has exited its full common equity position.

The move comes as Ring Energy responds to earlier oil price declines by adjusting capital spending and operational measures to maximize free cash flow and debt reduction. CEO Paul D. McKinney highlighted the company's strategic response to these challenges, stating, "In response to the drop in oil prices experienced earlier this year, the Company responded by adjusting capital spending and other operational alternatives within our control to focus on maximizing free cash flow generation and paying down debt. We believe our debt reduction target for the third quarter of $18 million further demonstrates our commitment to strengthening our balance sheet during these volatile times" [1].

Ring Energy is an oil and gas exploration, development, and production company with a focus on the Permian Basin. The company's strategic adjustments, including the exit of Warburg Pincus, reflect its commitment to financial stability and operational efficiency.

References:
[1] https://www.stocktitan.net/news/REI/ring-energy-announces-third-quarter-2025-debt-reduction-target-and-1xeenjcggfoe.html