Ring Energy (REI) Tops Q3 EPS by 3c, Revenues Beat
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Ring Energy Releases Third Quarter and Nine Month 2019 Financial and Operational Results
November 6, 2019 4:27 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, 2019. 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 nine months ended September 30, 2019, the Company reported oil and gas revenues of $143,471,645, compared to $92,503,453 for the nine months 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... More
