Ring Energy (REI) Tops Q3 EPS by 2c
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Ring Energy Inc. Announces Third Quarter and Nine Month 2016 Financial and Operating Results
November 8, 2016 4:11 PM ESTMIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE MKT: REI) (Ring) (Company) announced today financial results for the three months and nine months ended September 30, 2016. For the three month period ended September 30, 2016, Ring had oil and gas revenues of $7,822,543, compared to $8,629,007 for the quarter ended September 30, 2015. For the nine month period ended September 30, 2016, the Company reported oil and gas revenues of $21,019,540, compared to oil and gas revenues of $23,651,498 for the nine month period ended September 30, 2015. For the third quarter of 2016, Ring reported a net loss of $5,944,137, or $0.14 per diluted share, which included a pre-tax non-cash impairment of... More
