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BRIEF-Ring Energy Q1 Adjusted Earnings Per Share $0.07 Excluding Items

05/10/2021 17:55
BRIEF-Ring Energy Q1 Adjusted Earnings Per Share $0.07 Excluding Items

Ring Energy Inc REI.A:

  • RING ENERGY ANNOUNCES FIRST QUARTER 2021 RESULTS

  • Q1 ADJUSTED EARNINGS PER SHARE $0.07 EXCLUDING ITEMS

  • Q1 LOSS PER SHARE $0.19 INCLUDING ITEMS

  • SOLD 7,960 BARRELS OF OIL EQUIVALENT PER DAY ("BOE/D"), OR 716,422 BARRELS OF OIL EQUIVALENT ("BOE") (85% OIL), IN Q1 OF 2021

  • REAFFIRMED FULL YEAR 2021 GUIDANCE

  • QTRLY PRODUCTION SIGNIFICANTLY IMPACTED BY SEVERE WINTER STORM IN FEBRUARY

  • REVENUES WERE $39.5 MILLION FOR Q1 OF 2021 COMPARED TO $31.4 MILLION FOR Q4 OF 2020

Source text for Eikon: ID:nGNX96W3Hc

Further company coverage: REI.A