Ring Energy Announces Fourth Quarter and Full Year 2020 Results Including Year-End 2020 Proved Reserves and Affirms 2021 Guidance

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Go back to Ring Energy Announces Fourth Quarter and Full Year 2020 Results Including Year-End 2020 Proved Reserves and Affirms 2021 Guidance

Ring Energy (REI) Tops Q4 EPS by 3c, Revenues Beat

March 16, 2021 4:58 PM EDT

Ring Energy (NYSE: REI) reported Q4 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $31.35 million versus the consensus estimate of $29.04 million.

Reported a net loss for full year 2020 of $253.4 million, or $3.48 per diluted share, and a net loss of $160.3 million, or $1.83 per diluted share, in the fourth quarter of 2020;Reported Adjusted Net Income1 of $20.7 million, or $0.28 per diluted share, for full year 2020 and Adjusted Net Income of $6.5 million, or $0.07 per diluted share, in the fourth quarter... More