Ring Energy Announces Record Fourth Quarter and Full Year 2023 Results, Year-End 2023 Proved Reserves and Additional 2024 Guidance
Ring Energy, Inc. (REI)
NASDAQ:AMEX Investor Relations:
ringenergy.com
Company Research
Source: GlobeNewswire
THE WOODLANDS, Texas, March 07, 2024 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported record operational and financial results for the fourth quarter and full year 2023, year-end 2023 proved reserves and provided additional 2024 operational and financial guidance. 2023 Q4 and Full Year Highlights and Recent Key Items Grew fourth quarter total sales volumes 11% to a record 19,397 barrels of oil equivalent per day (“Boe/d”) from the third quarter; Increased fourth quarter oil sales volumes 13% to a record 13,637 barrels of oil per day (“Bo/d”) from the third quarter; Increased year-over-year total sales volumes by 47% to a record 18,119 Boe/d; Grew full year oil sales volumes by 32% to a record 12,548 Bo/d from 2022; Reported net income of $50.9 million, or $0.26 per diluted share, in the fourth quarter; Net income for the full year was $104.9 million, or $0.54 per diluted share; Generated fourth quarter Adjusted Net Incom
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REI
Earnings
- 3/7/24 - Miss
REI
Sec Filings
- 4/19/24 - Form 8-K
- 4/16/24 - Form DEF
- 3/8/24 - Form 4
- REI's page on the SEC website