Ring Energy (REI) Non-Current Deferred Tax Liability (2012 - 2022)

Ring Energy (REI) reported Non-Current Deferred Tax Liability of $5.9 million for Q3 2022, up 4070.9% on a YoY basis from $141943.0 in Q3 2021, and up 260.72% sequentially from $1.6 million in Q2 2022.

Ring Energy (REI) Non-Current Deferred Tax Liability (2012 - 2022) Analysis & Trends

Ring Energy (REI) has 8 years of Non-Current Deferred Tax Liability data on file, last reported at $5.9 million in Q3 2022.

  • For the quarter ending Q3 2022, Non-Current Deferred Tax Liability rose 4070.9% year-over-year to $5.9 million; the trailing twelve-month figure through Sep 2022 stood at $5.9 million (up 4070.9% YoY), and the FY2021 full-year result was $90292.0, changed N/A from the prior year.
  • Non-Current Deferred Tax Liability climbed to $5.9 million in Q3 2022, from $1.6 million in the prior quarter.
  • In the past five years, Non-Current Deferred Tax Liability ranged from a high of $18.5 million in Q1 2020 to a low of $90292.0 in Q4 2021.
  • A 4-year average of $3.7 million and a median of $1.1 million in 2019 frame the typical range for Non-Current Deferred Tax Liability.
  • Peak annual rise in Non-Current Deferred Tax Liability reached 4070.9% in 2022, while the deepest fall reached 760.9% in 2022.
  • Tracing REI's Non-Current Deferred Tax Liability over 4 years: stood at $6.0 million in 2019, then jumped by 207.46% to $18.5 million in 2020, then plunged by 99.51% to $90292.0 in 2021, then surged by 6456.84% to $5.9 million in 2022.
  • Business Quant data shows REI's Non-Current Deferred Tax Liability at $5.9 million in Q3 2022, $1.6 million in Q2 2022, and $156231.0 in Q1 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn
2 Eog Resources 74.61 Bn 70.76 Bn -
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn
7 Texas Pacific Land 27.36 Bn 27.11 Bn -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn
10 Ring Energy 242.97 Mn 237.91 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2022 5.92 Mn
Sep 30, 2022 5.92 Mn
Jun 30, 2022 1.64 Mn
Jun 30, 2022 1.64 Mn
Mar 31, 2022 156,231.00
Mar 31, 2022 156,231.00
Dec 31, 2021 90,292.00
Dec 31, 2021 90,292.00
Sep 30, 2021 141,943.00
Sep 30, 2021 141,943.00
Jun 30, 2021 190,644.00
Jun 30, 2021 190,644.00
Mar 31, 2020 18.45 Mn
Mar 31, 2020 18.45 Mn
Dec 31, 2019 6.00 Mn
Dec 31, 2019 6.00 Mn
Sep 30, 2019 3.45 Mn
Sep 30, 2019 3.45 Mn
Jun 30, 2019 643,680.00
Jun 30, 2019 643,680.00