Ring Energy (REI) Misses Q1 EPS by 41c
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Ring Energy Announces Financial and Operating Results for First Quarter 2016
May 9, 2016 4:19 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE MKT: REI) (Ring) (Company) announced today financial results for the first quarter ended March 31, 2016. For the three month period ended March 31, 2016, Ring had oil and gas revenues of $6,092,388 compared to $6,045,701 for the quarter ended March 31, 2015, and a net loss of $15,275,044, or $0.50 per diluted share, which included a pre-tax non-cash impairment of $21,412,086, compared to a net loss of $975,624, or $0.04 per diluted share, for the same period in 2015. Excluding the after tax impact of the impairment, the net loss per diluted share for the three month period ended March 31, 2016 would have... More
