Northern Oil and Gas (NOG) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
2.2B
Gross Profit
836.0M
38.64%
Operating Income
775.9M
35.86%
Net Income
520.3M
24.05%
EPS (Diluted)
$5.14
Balance Sheet Metrics
Total Assets
5.6B
Total Liabilities
3.3B
Shareholders Equity
2.3B
Debt to Equity
1.41
Cash Flow Metrics
Operating Cash Flow
1.4B
Free Cash Flow
-283.2M
Revenue & Profitability Trend
Northern Oil and Gas Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.2B | 1.9B | 2.0B | 975.1M | 324.1M |
| Cost of Goods Sold | 1.3B | 993.1M | 670.1M | 388.6M | 308.2M |
| Gross Profit | 836.0M | 913.9M | 1.3B | 586.5M | 15.8M |
| Operating Expenses | 60.1M | 51.2M | 47.2M | 30.3M | 18.5M |
| Operating Income | 775.9M | 862.6M | 1.3B | 556.2M | -2.7M |
| Pre-tax Income | 680.8M | 1.0B | 776.3M | 6.6M | -906.2M |
| Income Tax | 160.5M | 77.8M | 3.1M | 233.0K | -166.0K |
| Net Income | 520.3M | 923.0M | 773.2M | 6.4M | -906.0M |
| EPS (Diluted) | $5.14 | $10.03 | $8.92 | -$0.13 | -$21.55 |
Income Statement Trend
Northern Oil and Gas Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 500.7M | 509.4M | 320.5M | 215.3M | 125.6M |
| Non-Current Assets | 5.1B | 4.0B | 2.6B | 1.3B | 746.5M |
| Total Assets | 5.6B | 4.5B | 2.9B | 1.5B | 872.1M |
| Liabilities | |||||
| Current Liabilities | 544.3M | 385.8M | 345.0M | 327.6M | 182.5M |
| Non-Current Liabilities | 2.7B | 2.1B | 1.8B | 980.2M | 912.9M |
| Total Liabilities | 3.3B | 2.4B | 2.1B | 1.3B | 1.1B |
| Equity | |||||
| Total Shareholders Equity | 2.3B | 2.0B | 745.3M | 215.1M | -223.3M |
Balance Sheet Composition
Northern Oil and Gas Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 520.3M | 923.0M | 773.2M | 6.4M | -906.0M |
| Operating Cash Flow | 1.4B | 1.4B | 957.4M | 49.8M | -697.4M |
| Investing Activities | |||||
| Capital Expenditures | -1.7B | -1.8B | -1.4B | -593.8M | -283.9M |
| Investing Cash Flow | -1.7B | -1.9B | -1.4B | -634.4M | -283.9M |
| Financing Activities | |||||
| Dividends Paid | -162.0M | -123.9M | -73.3M | -34.2M | 0 |
| Financing Cash Flow | 266.8M | 684.7M | 467.4M | -230.9M | -110.4M |
| Free Cash Flow | -283.2M | -661.9M | -431.4M | -197.3M | 47.8M |
Cash Flow Trend
Northern Oil and Gas Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
4.79
Forward P/E
6.07
Price to Book
1.26
Price to Sales
1.47
PEG Ratio
6.07
Profitability Ratios
Profit Margin
31.33%
Operating Margin
42.46%
Return on Equity
29.41%
Return on Assets
12.36%
Financial Health
Current Ratio
0.92
Debt to Equity
96.19
Beta
1.52
Per Share Data
EPS (TTM)
$6.42
Book Value per Share
$24.45
Revenue per Share
$20.80
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| nog | 3.0B | 4.79 | 1.26 | 29.41% | 31.33% | 96.19 |
| ConocoPhillips | 116.8B | 11.73 | 1.79 | 16.66% | 16.15% | 36.46 |
| Eog Resources | 67.5B | 11.46 | 2.31 | 20.90% | 25.88% | 17.15 |
| Range Resources | 9.0B | 33.76 | 2.28 | 6.99% | 10.39% | 45.68 |
| Apa | 7.3B | 7.29 | 1.35 | 26.18% | 10.04% | 84.96 |
| Comstock Resources | 6.8B | 46.41 | 3.22 | -13.44% | -22.61% | 138.23 |
Financial data is updated regularly. All figures are in the company's reporting currency.