Ring Energy (REI) Tops Q3 EPS by 3c, Revenues Beat

Ring Energy (NYSE: REI) reported Q3 EPS of $0.15, $0.03 better than the analyst estimate of $0.12. Revenue for the quarter came in at $50.34 million versus the consensus estimate of $48.82 million.

• For the three-month period ended September 30, 2019, the Company reported oil and gas revenues of $50,339,105 compared to revenues of $32,687,179 for the quarter ended September 30, 2018.
• For the three months ended September 30, 2019, Ring reported net income of $9,888,356, or $0.15 per diluted share, compared to net income of $5,693,628, or $0.09 per fully diluted share for the three months ended September 30, 2018.

For earnings history and earnings-related data on Ring Energy (REI) click here.

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