Ring Energy: Q1 Earnings Insights

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.

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.

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.