THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Ring Energy Inc. (REI) on Wednesday reported a loss of $12.8 million in its fourth quarter.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.
The independent oil and gas company posted revenue of $66.9 million in the period.
For the year, the company reported a loss of $34.7 million, or 17 cents per share. Revenue was reported as $307.2 million.
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