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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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<ul><li>On April 17, 2025, Ring announced that 1Q25 oil production exceeded the high end of guidance and that total production exceeded the midpoint of guidance.</li><li>For 1Q25, the oil production guidance range was 11,700-12,000 Bo/d and the midpoint total production guidance was 18,250.</li><li>Since oil represents more than 95% of total revenue, the oil outperformance has an outsized revenue impact.</li></ul>

On April 17, 2025, Ring announced that 1Q25 oil production exceeded the high end of guidance and that total production exceeded the midpoint of guidance.For 1Q25, the oil production guidance range was 11,700-12,000 Bo/d and the midpoint total production guidance was 18,250.Since oil represents more than 95% of total revenue, the oil outperformance has an outsized revenue impact.

Ring Energy, Inc: 1Q25 Production Exceeded High End of Guidance

Ring Energy Inc

Ring Energy, Inc: 1Q25 Production Exceeded High End of Guidance