THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Ring Energy Inc. (REI) on Thursday reported profit of $50.9 million in its fourth quarter.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of 26 cents. Earnings, adjusted for one-time gains and costs, were 11 cents per share.
The independent oil and gas company posted revenue of $99.9 million in the period.
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For the year, the company reported profit of $104.9 million, or 54 cents per share. Revenue was reported as $361.1 million.
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