THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — Ring Energy Inc. (REI) on Monday reported earnings of $5.5 million in its first quarter.

The The Woodlands, Texas-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 10 cents per share.

The independent oil and gas company posted revenue of $94.5 million in the period.

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