Ring Energy Announces Financial and Operational Results for the Three and Nine-Month Periods Ending September 30, 2020

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Go back to Ring Energy Announces Financial and Operational Results for the Three and Nine-Month Periods Ending September 30, 2020

Ring Energy (REI) Tops Q3 EPS by 5c, Revenues Beat

November 9, 2020 4:52 PM EST

Ring Energy (NYSE: REI) reported Q3 EPS of $0.05, $0.05 better than the analyst estimate of $0.00. Revenue for the quarter came in at $31.47 million versus the consensus estimate of $26.75 million.

Management Comments

Paul D. McKinney, Chief Executive Officer and Chairman of the Board, commented, As commodity prices improved during the third quarter, Ring returned the majority of its previously shut-in wells to production and made excellent progress... More