Home Debt Ring Energy Stock: Debt Reduction Expected To Continue In 2024 (NYSE:REI)

Ring Energy Stock: Debt Reduction Expected To Continue In 2024 (NYSE:REI)

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sasacvetkovic33

Ring Energy’s (NYSE:REI) projected free cash flow for 2024 has gone down a bit due to weaker commodity prices since I looked at it a few months ago. Ring is also dealing with increased interest costs compared to earlier

Barrels/Mcf $ Per Barrel/Mcf (Realized) $ Million
Oil 4,835,520 $76.00 $367
NGLs 1,051,200 $11.50 $12
Natural Gas 6,727,680 $0.50 $3
Hedge Value -$6
Total Revenue $376

$ Million
Production Expenses $75
Production and Ad Valorem Taxes $26
Cash G&A $20
Capital Expenditures $155
Cash Interest Expense $36
Total Cash Expenditures $312

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