Ring Energy Announces Record Results for Third Quarter Of 2022

November 9, 2022

https://www.globenewswire.com/news-release/2022/11/09/2552562/0/en/Ring-Energy-Announces-Record-Results-for-Third-Quarter-Of-2022.html

THE WOODLANDS, Texas, Nov. 09, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the third quarter of 2022. In addition, Ring reiterated its fourth quarter guidance and preliminary outlook for 2023. Third quarter results include the impact from the acquisition (the “Stronghold Transaction”) of the assets of privately held Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP (collectively, “Stronghold”) for only the month of September 2022 following the closing of the transaction. Ring further commented that it applied three-stream revenue reporting with the results disclosed today.

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