Ring Energy (REI) Tops Q3 EPS by 4c
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Ring Energy Announces Record Results for Third Quarter Of 2022
November 9, 2022 5:26 PM ESTTHE WOODLANDS, Texas, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (Ring or the Company) today reported operational and financial results for the third quarter of 2022. In addition, Ring reiterated its fourth quarter guidance and preliminary outlook for 2023. Third quarter results include the impact from the acquisition (the Stronghold Transaction) of the assets of privately held Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP (collectively, Stronghold) for only the month of September 2022 following the closing of the transaction. Ring further commented that it applied three-stream revenue reporting with the results disclosed... More
