Year: 2023

~ Matches Record for Generating Quarterly Adjusted EBITDA ~ ~ Benefiting from Solid Industry Backdrop, Targeted Capital Spending Program and Recently Completed Acquisition ~ ~ Closed on Sale of Non-Core Operated New Mexico Assets on September 27, 2023 ~ THE WOODLANDS, Texas, Nov. 02, 2023 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the third quarter of 2023. In addition, the Company updated its guidance for the fourth quarter of 2023 and announced the successful sale of its non-core operated New Mexico properties that closed on September 27, 2023. Third Quarter 2023 HighlightsClosed on the previously announced acquisition of the Founders Oil & Gas IV, LLC (“Founders” and the “Founders Acquisition”) assets on August 15, 2023. The...

Selected HighlightsThird quarter Operating EBITDA* of $37.5 million and net loss of $26.0 million Continued strong growth and integration of our mass timber business Enhanced liquidity by completing $200 million 2028 senior note issue and expanding availability under German revolving credit facility by €70 million Quarterly cash dividend of $0.075 per shareNEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC) today reported that Operating EBITDA in the third quarter was $37.5 million compared to $140.9 million in the same quarter of 2022 and improved from negative $68.7 million in the prior quarter of 2023. In the third quarter of 2023, net loss was $26.0 million (or $0.39 per share) compared to net income of $66.7 million (or $1.01 per basic share and $1.00 per diluted share) in the third quarter...

STAMFORD, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle” or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter ended September 30, 2023. Quarter Highlights:Generated Revenues, net of $82.6 millionAchieved TCE(1) of $11,482 based on TCE Revenue(1) of $54.1 millionIncurred a net loss of $5.2 million, or $0.55 per basic shareAdjusted net loss(1) of $2.9 million, or $0.31 per basic share(1)Generated Adjusted EBITDA(1) of $15.6 million Completed the sale of the Sankaty Eagle, a non-core, non-scrubber-fitted Supramax bulkcarrier Declared a quarterly dividend of $0.10 per share for the third quarter of 2023Dividend is payable on November 22, 2023 to shareholders of record at the...

eXp World Holdings Reports Q3 2023 ResultseXp World Holdings, Inc., the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises, today announced financial results for the third quarter ended Sept. 30, 2023.Agent Count Grew 5% Compared to Q3 2022 to More Than 89,000 Agents in 24 Global Markets International Realty Revenue Increased 47% Compared to Q3 2022 to an All-Time Record Company Declares Cash Dividend for Q4 2023 of $0.05 per Share of Common Stock BELLINGHAM, Wash., Nov. 02, 2023 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq: EXPI), or the “Company”, the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises, today announced financial results for the third quarter ended Sept. 30, 2023. Third Quarter 2023 Consolidated Financial Highlights as Compared to the Same Year-Ago Quarter:Revenue...

Southampton, PA, Nov. 02, 2023 (GLOBE NEWSWIRE) — Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today a net loss for the quarter ended September 30, 2023 of $255,000, or $0.11 per basic and diluted share, compared to net income of $2.6 million, or $1.29 per basic and $1.22 per diluted share for the same period in 2022. Net income for the nine months ended September 30, 2023 was $878,000, or $0.40 per basic and $0.39 per diluted share, compared to $6.7 million, or $3.27 per basic and $3.09 per diluted share for the same period in 2022. Robert T. Strong, President and Chief Executive Officer stated, “The recent actions of the Federal Reserve Bank have exacted a toll on the banking system, such as we have not experienced in modern history. The compression on...

Record quarterly production exceeds guidance, leads to increased full-year 2023 outlook Capital investments in quarter were below guidance Publishes 2023 Sustainability Report and inaugural Climate Risk and Resilience Report TULSA, OK, Nov. 02, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported its third-quarter 2023 financial and operating results. Supplemental slides have been posted to the Company’s website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Friday, November 3, 2023. Participation details can be found within this release. HighlightsAnnounced three Permian Basin acquisitions adding a combined 53,000 net acres and 150 gross high-value locations (Maple closed October 31; Henry and...

Dallas, Texas, Nov. 02, 2023 (GLOBE NEWSWIRE) — NL Industries, Inc. (NYSE: NL) today reported a net loss attributable to NL stockholders of $.1 million, or nil per share, in the third quarter of 2023 compared to a net loss attributable to NL stockholders of $8.9 million, or $.18 per share, in the third quarter of 2022. NL results include an unrealized gain of $.4 million in the third quarter of 2023 related to the change in value of marketable equity securities compared to an unrealized loss of $24.2 million in the third quarter of 2022. For the first nine months of 2023, NL reported a net loss attributable to NL stockholders of $9.9 million, or $.20 per share, compared to net income attributable to NL stockholders of $39.9 million, or $.82 per share, for the first nine months of 2022. NL results include an unrealized loss of $10.5...

Kalamazoo, Michigan, Nov. 02, 2023 (GLOBE NEWSWIRE) — Stryker (NYSE:SYK) reported operating results for the third quarter of 2023: Third Quarter ResultsReported net sales increased 9.6% to $4.9 billion Organic net sales increased 9.2% Reported operating income margin of 19.0% Adjusted operating income margin(1) increased 110 bps to 23.4% Reported EPS decreased 15.9% to $1.80 Adjusted EPS(1) increased 16.0% to $2.46  Third Quarter Net Sales Growth Overview  Reported   Foreign Currency Exchange   Constant Currency   Acquisitions / Divestitures   OrganicMedSurg and Neurotechnology         10.5         %           0.2         %           10.3         %           0.2         %           10.1         %Orthopaedics and Spine         8.4                     0.4                     8.0                     —                     8.0          Total         9.6         %           0.3         %           9.3         %           0.1         %           9.2         %“We...

SAN DIEGO, Nov. 02, 2023 (GLOBE NEWSWIRE) — Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company focused on developing targeted therapies designed to save lives and improve the standard of care for patients facing serious diseases, today reported financial results for the third quarter ended September 30, 2023 and provided an update on its corporate activities and product pipeline. “We are proud of the recent advancements of both the REZZAYO program as well as our Cloudbreak® drug-Fc conjugate (DFC) platform,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “The US commercial launch of REZZAYO by our partner Melinta as well as the receipt by our ex-US/ex-Japan partner Mundipharma of the positive opinion from the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human...