Ring Energy Posts $16.6 Million Q3 Loss as Revenue Climbs 30%
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Ring Energy, Inc. posted a $16.6 million GAAP net loss for the third quarter even as revenue rose 30% year over year to $102.3 million. The results included a $41 million unrealized loss on commodity derivative contracts. Ring Energy released results Nov. 5 for the quarter ended Sept. 30. Revenue increased from $78.6 million in the third quarter of 2025, but was 2% below the $104.7 million recorded in the second quarter of 2026. Adjusted net income was $27.3 million, or $0.10 per diluted share, compared with $13.1 million, or $0.06 per diluted share, a year earlier.
Source: TokenPost
