Ring Energy Announces First Quarter 2024 Results, Provides Second Quarter 2024 Outlook and Reiterates Full Year 2024 Guidance
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: GlobeNewswire
~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ THE WOODLANDS, Texas, May 06, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the first quarter of 2024. Also, the Company provided an outlook for the second quarter of 2024 and reiterated its operational and financial guidance for the full year of 2024. First Quarter 2024 Highlights Sales of 13,394 barrels of oil per day (“Bo/d”), exceeding high end of the Company’s guidance by 5%; Total sales volumes of 19,034 barrels of oil equivalent per day (“Boe/d”) (70% oil), exceeding high end of guidance by 3%; Reported net income of $5.5 million, or $0.03 per diluted share, which included a before-tax loss on derivative contracts of $19.0 million;Achieved Adjusted Net Income1 of $20.3 million, or $0.10 per diluted share, which excludes the unrealized portion of th
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News
- Ring Energy, Inc. (AMEX:REI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces First Quarter 2024 Results, Provides Second Quarter 2024 Outlook and Reiterates Full Year 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Timing of First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Ring Energy Announces Timing of First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Ring Energy: The Transition Continues [Seeking Alpha]Seeking Alpha
REI
Earnings
- 5/6/24 - Miss
REI
Sec Filings
- 5/8/24 - Form 8-K
- 5/6/24 - Form 10-Q
- 4/19/24 - Form 8-K
- REI's page on the SEC website