RING ENERGY, INC. Annual Income Tax Expense (Benefit) in USD from 2012 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Ring Energy, Inc. quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2012 to 2023.
  • Ring Energy, Inc. Income Tax Expense (Benefit) for the quarter ending June 30, 2024 was $6.82M.
  • Ring Energy, Inc. Income Tax Expense (Benefit) for the twelve months ending June 30, 2024 was $13M, a 414% increase year-over-year.
  • Ring Energy, Inc. annual Income Tax Expense (Benefit) for 2023 was $125K, a 98.5% decline from 2022.
  • Ring Energy, Inc. annual Income Tax Expense (Benefit) for 2022 was $8.41M, a 9208% increase from 2021.
  • Ring Energy, Inc. annual Income Tax Expense (Benefit) for 2021 was $90.3K.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $125K -$8.28M -98.5% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-07
2022 $8.41M +$8.32M +9208% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-07
2021 $90.3K +$6.09M Jan 1, 2021 Dec 31, 2021 10-K 2024-03-07
2020 -$6M -$19.8M -144% Jan 1, 2020 Dec 31, 2020 10-K 2023-03-09
2019 $13.8M +$10.3M +300% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-16
2018 $3.45M -$6.97M -66.9% Jan 1, 2018 Dec 31, 2018 10-K/A 2021-03-17
2017 $10.4M +$30.4M Jan 1, 2017 Dec 31, 2017 10-K 2020-03-16
2016 -$20M -$15M -299% Jan 1, 2016 Dec 31, 2016 10-K 2019-02-28
2015 -$5M -$9.24M -218% Jan 1, 2015 Dec 31, 2015 10-K 2018-03-15
2014 $4.24M +$4.16M +5351% Jan 1, 2014 Dec 31, 2014 10-K 2017-03-15
2013 $77.7K +$378K Jan 1, 2013 Dec 31, 2013 10-K 2016-03-15
2012 -$300K Jan 1, 2012 Dec 31, 2012 10-K 2015-03-16
* An asterisk sign (*) next to the value indicates that the value is likely invalid.