Ring Energy (REI) Tops Q2 EPS by 2c

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Go back to Ring Energy (REI) Tops Q2 EPS by 2c

Ring Energy Inc. Announces Second Quarter and Six Month 2016 Financial and Operating Results

August 8, 2016 4:26 PM EDT

MIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE MKT: REI) (Ring) (Company) announced today financial results for the three months and six months ended June 30, 2016. For the three month period ended June 30, 2016, Ring had oil and gas revenues of $7,104,609, compared to $8,976,790 for the quarter ended June 30, 2015. For the six month period ended June 30, 2016, the Company reported oil and gas revenues of $13,196,997, compared to oil and gas revenues of $15,022,491 for the six month period ended June 30, 2015. For the second quarter of 2016, Ring reported a net loss of $15,941,500, or $0.41 per diluted share, which included a pre-tax non-cash impairment... More