Northern Oil and Gas Inc. | Mid-cap | Energy
$22.04
-6.77%
| Northern Oil and Gas Stock Comparison:
Northern Oil and Gas vs ConocoPhillipsNorthern Oil and Gas vs Canadian NaturalNorthern Oil and Gas vs Range ResourcesNorthern Oil and Gas vs Permian ResourcesNorthern Oil and Gas vs ApaNorthern Oil and Gas vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 580.3M
Gross Profit 224.5M 38.69%
Operating Income 207.5M 35.76%
Net Income 139.0M 23.95%
EPS (Diluted) $1.39

Balance Sheet Metrics

Total Assets 5.7B
Total Liabilities 3.3B
Shareholders Equity 2.4B
Debt to Equity 1.36

Cash Flow Metrics

Operating Cash Flow 421.1M
Free Cash Flow 146.9M

Revenue & Profitability Trend

Northern Oil and Gas Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 2.2B 1.9B 2.0B 975.1M 324.1M
Cost of Goods Sold i 1.3B 993.1M 670.1M 388.6M 308.2M
Gross Profit i 836.0M 913.9M 1.3B 586.5M 15.8M
Gross Margin % i 38.6% 47.9% 66.3% 60.1% 4.9%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 50.5M 46.8M 47.2M 30.3M 18.5M
Other Operating Expenses i 9.6M 4.4M - - -
Total Operating Expenses i 60.1M 51.2M 47.2M 30.3M 18.5M
Operating Income i 775.9M 862.6M 1.3B 556.2M -2.7M
Operating Margin % i 35.9% 45.2% 63.9% 57.0% -0.8%
Non-Operating Items
Interest Income i - - - - -
Interest Expense i 157.7M 135.7M 80.3M 59.0M 58.5M
Other Non-Operating Income 62.7M 273.8M -411.8M -490.5M -845.0M
Pre-tax Income i 680.8M 1.0B 776.3M 6.6M -906.2M
Income Tax i 160.5M 77.8M 3.1M 233.0K -166.0K
Effective Tax Rate % i 23.6% 7.8% 0.4% 3.5% 0.0%
Net Income i 520.3M 923.0M 773.2M 6.4M -906.0M
Net Margin % i 24.0% 48.4% 38.9% 0.7% -279.6%
Key Metrics
EBITDA i 1.5B 1.4B 1.5B 697.0M 157.8M
EPS (Basic) i $5.21 $10.09 $9.26 $-0.13 $-21.55
EPS (Diluted) i $5.14 $10.03 $8.92 $-0.13 $-21.55
Basic Shares Outstanding i 99852539 91483687 78557216 62989543 42744639
Diluted Shares Outstanding i 99852539 91483687 78557216 62989543 42744639

Income Statement Trend

Northern Oil and Gas Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 8.9M 8.2M 2.5M 9.5M 1.4M
Short-term Investments i - - - - -
Accounts Receivable i 389.7M 370.5M 271.3M 193.6M 71.0M
Inventory i - - - - -
Other Current Assets 5.3M 2.5M 2.0M 3.4M 1.4M
Total Current Assets i 500.7M 509.4M 320.5M 215.3M 125.6M
Non-Current Assets
Property, Plant & Equipment i - - - - 2.5M
Goodwill i - - - - -
Intangible Assets i - - - - -
Long-term Investments 9.8M 10.7M 12.5M 1.9M 111.0K
Other Non-Current Assets 11.1M 15.5M 16.2M 11.7M 11.1M
Total Non-Current Assets i 5.1B 4.0B 2.6B 1.3B 746.5M
Total Assets i 5.6B 4.5B 2.9B 1.5B 872.1M
Liabilities
Current Liabilities
Accounts Payable i 202.9M 192.7M 128.6M 65.5M 35.8M
Short-term Debt i - - - - 65.0M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 24.6M 18.9M 70.3M 136.0M 4.7M
Total Current Liabilities i 544.3M 385.8M 345.0M 327.6M 182.5M
Non-Current Liabilities
Long-term Debt i 2.4B 1.8B 1.5B 803.4M 879.8M
Deferred Tax Liabilities i 228.0M 68.5M 0 - -
Other Non-Current Liabilities 2.3M 2.7M 2.0M 3.1M 50.0K
Total Non-Current Liabilities i 2.7B 2.1B 1.8B 980.2M 912.9M
Total Liabilities i 3.3B 2.4B 2.1B 1.3B 1.1B
Equity
Common Stock i 501.0K 503.0K 487.0K 479.0K 448.0K
Retained Earnings i 442.5M -77.8M -1.0B -1.8B -1.8B
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 2.3B 2.0B 745.3M 215.1M -223.3M
Key Metrics
Total Debt i 2.4B 1.8B 1.5B 803.4M 944.8M
Working Capital i -43.5M 123.6M -24.5M -112.2M -56.8M

Balance Sheet Composition

Northern Oil and Gas Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 520.3M 923.0M 773.2M 6.4M -906.0M
Depreciation & Amortization i 740.9M 486.0M 251.3M 140.8M 162.1M
Stock-Based Compensation i 12.0M 5.7M 5.7M 3.6M 4.1M
Working Capital Changes i -60.3M -116.6M -75.2M -108.1M 36.5M
Operating Cash Flow i 1.4B 1.4B 957.4M 49.8M -697.4M
Investing Activities
Capital Expenditures i -1.7B -1.8B -1.4B -593.8M -283.9M
Acquisitions i 17.1M -17.1M -43.0M -40.6M 0
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i -1.7B -1.9B -1.4B -634.4M -283.9M
Financing Activities
Share Repurchases i -94.5M -8.0M -135.7M 0 0
Dividends Paid i -162.0M -123.9M -73.3M -34.2M 0
Debt Issuance i 984.0M 1.5B 1.7B 1.3B 78.0M
Debt Repayment i -455.0M -1.2B -1.0B -1.5B -139.5M
Financing Cash Flow i 266.8M 684.7M 467.4M -230.9M -110.4M
Free Cash Flow i -283.2M -661.9M -431.4M -197.3M 47.8M
Net Change in Cash i -26.7M 196.2M 22.0M -815.6M -1.1B

Cash Flow Trend

Northern Oil and Gas Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 4.10
Forward P/E 4.91
Price to Book 1.00
Price to Sales 1.16
PEG Ratio -0.16

Profitability Ratios

Profit Margin 29.07%
Operating Margin 39.28%
Return on Equity 27.17%
Return on Assets 12.16%

Financial Health

Current Ratio 1.20
Debt to Equity 98.05
Beta 1.62

Per Share Data

EPS (TTM) $6.06
Book Value per Share $24.85
Revenue per Share $21.19

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
nog 2.5B 4.10 1.00 27.17% 29.07% 98.05
ConocoPhillips 119.4B 12.77 1.81 15.93% 15.47% 35.88
Canadian Natural 69.3B 11.62 1.66 20.61% 21.90% 44.70
Range Resources 9.4B 19.49 2.24 12.02% 17.15% 33.54
Permian Resources 9.2B 8.06 0.93 13.11% 22.41% 38.18
Apa 9.0B 8.68 1.52 20.44% 11.03% 67.57

Financial data is updated regularly. All figures are in the company's reporting currency.