Ring Energy (REI) Misses Q3 EPS by 2c, Revenues Beat
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Ring Energy Releases Third Quarter and Nine Month 2018 Financial and Operational Results
November 6, 2018 4:17 PM ESTMIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE American: REI) (Ring) (Company) announced today financial results for the three months and nine months ended September 30, 2018. For the three month period ended September 30, 2018, the Company reported oil and gas revenues of $32,687,179, compared to revenues of $16,643,930 for the quarter ended September 30, 2017. For the nine months ended September 30, 2018, the Company reported oil and gas revenues of $92,503,453, compared to $43,391,032 for the nine months ended September 30, 2017.
For the three months ended September 30, 2018, Ring reported net income of $5,693,628, or $0.09 per diluted share, compared to net income of $3,073,760, or $0.06... More
