Ring Energy REI reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:44 PM.
Here's what investors need to know about the announcement.
Earnings
Ring Energy beat estimated earnings by 16.67%, reporting an EPS of $0.14 versus an estimate of $0.12.
Revenue was up $26.90 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 1.51% drop in the share price the next day.
Here's a look at Ring Energy's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 0.16 | 0.24 | 0.23 | 0.19 |
EPS Actual | 0.13 | 0.28 | 0.29 | 0.22 |
Revenue Estimate | 88.36M | 72.53M | 66.46M | 57.78M |
Revenue Actual | 99.70M | 94.41M | 84.96M | 61.18M |
To track all earnings releases for Ring Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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