Financial Snapshot

Revenue
$2.504B
TTM
Gross Margin
77.41%
TTM
Net Earnings
$837.5M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
123.47%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$2.314B
Q3 2024
Cash
Q3 2024
P/E
4.974
Nov 29, 2024 EST
Free Cash Flow
$113.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue $2.166B $1.571B $496.9M $552.2M $472.4M $678.9M $209.3M $144.9M $275.1M $595.0M $335.8M $311.6M $149.4M $44.60M $14.20M $4.300M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 37.93% 216.07% -10.02% 16.89% -30.42% 224.35% 44.45% -47.32% -53.77% 77.2% 7.77% 108.57% 234.98% 214.08% 230.23%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue $2.166B $1.571B $496.9M $552.2M $472.4M $678.9M $209.3M $144.9M $275.1M $595.0M $335.8M $311.6M $149.4M $44.60M $14.20M $4.300M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $347.0M $260.7M $170.8M $116.3M $118.9M $66.65M $49.73M $45.68M $73.67M $99.37M $76.80M $60.90M $27.30M $8.800M $2.100M $300.0K $0.00
Gross Profit $1.819B $1.310B $326.1M $435.9M $353.5M $612.3M $159.6M $99.22M $201.4M $495.7M $259.0M $250.7M $122.0M $35.80M $12.20M $4.000M $0.00
Gross Profit Margin 83.98% 83.4% 65.62% 78.93% 74.83% 90.18% 76.24% 68.48% 73.21% 83.3% 77.13% 80.46% 81.66% 80.27% 85.92% 93.02%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Selling, General & Admin $46.80M $47.19M $30.34M $18.55M $23.62M $14.57M $18.99M $14.76M $19.04M $17.60M $16.60M $22.60M $13.60M $7.200M $3.700M $2.100M $4.500M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -0.82% 55.53% 63.6% -21.5% 62.16% -23.28% 28.66% -22.5% 8.18% 6.04% -26.55% 66.18% 88.89% 94.59% 76.19% -53.33%
% of Gross Profit 2.57% 3.6% 9.3% 4.25% 6.68% 2.38% 11.9% 14.87% 9.46% 3.55% 6.41% 9.01% 11.15% 20.11% 30.33% 52.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $486.0M $251.3M $140.8M $162.1M $210.2M $119.8M $59.50M $61.24M $137.8M $172.9M $124.4M $98.80M $41.10M $17.10M $4.300M $900.0K $0.00
YoY Change 93.43% 78.42% -13.13% -22.87% 75.49% 101.31% -2.85% -55.55% -20.31% 38.97% 25.91% 140.39% 140.35% 297.67% 377.78%
% of Gross Profit 26.72% 19.18% 43.19% 37.19% 59.46% 19.56% 37.28% 61.72% 68.41% 34.88% 48.03% 39.41% 33.69% 47.77% 35.25% 22.5%
Operating Expenses $537.3M $298.5M $171.2M $180.7M $233.8M $246.3M $148.8M $374.2M $1.394B $289.9M $141.0M $121.4M $54.70M $24.30M $8.000M $2.900M $4.500M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 80.01% 74.37% -5.26% -22.73% -5.06% 65.49% -60.23% -73.16% 381.08% 105.57% 16.14% 121.94% 125.1% 203.75% 175.86% -35.56%
Operating Profit $1.122B $853.2M $77.96M -$841.2M $55.51M $432.6M $60.50M -$229.3M -$1.119B $305.2M $118.0M $129.3M $67.30M $11.50M $4.200M $1.100M -$4.500M
YoY Change 31.49% 994.41% -109.27% -1615.51% -87.17% 615.15% -126.38% -79.52% -466.81% 158.62% -8.74% 92.12% 485.22% 173.81% 281.82% -124.44%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Interest Expense $135.7M $80.33M $59.02M $58.50M $79.23M $86.01M $70.29M $64.49M $58.36M $42.11M -$32.70M -$13.90M $200.0K -$200.0K -$300.0K $400.0K $200.0K
YoY Change 68.88% 36.11% 0.88% -26.16% -7.88% 22.36% 8.99% 10.5% 38.6% -228.76% 135.25% -7050.0% -200.0% -33.33% -175.0% 100.0%
% of Operating Profit 12.09% 9.42% 75.71% 142.73% 19.88% 116.18% 13.8% -27.71% -10.75% 0.3% -1.74% -7.14% 36.36%
Other Income/Expense, Net -$121.1M -$76.85M -$71.37M -$64.96M -$131.8M -$289.0M -$71.26M -$65.59M -$58.39M -$42.06M -$500.0K $0.00 $0.00 $0.00 $500.0K $400.0K $200.0K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 57.6% 7.69% 9.85% -50.72% -54.38% 305.56% 8.64% 12.33% 38.83% 8311.66% -100.0% 25.0% 100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Pretax Income $1.001B $776.3M $6.594M -$906.2M -$76.32M $143.6M -$10.76M -$294.9M -$1.178B $263.1M $84.80M $115.3M $67.40M $11.30M $4.300M $1.500M -$4.300M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 28.91% 11673.4% -100.73% 1087.41% -153.13% -1434.39% -96.35% -74.96% -547.63% 210.27% -26.45% 71.07% 496.46% 162.79% 186.67% -134.88%
Income Tax $77.77M $3.101M $233.0K -$166.0K $0.00 -$55.00K -$1.570M -$1.402M -$202.4M $99.37M $31.80M $43.00M $26.80M $4.400M $1.500M -$900.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 7.77% 0.4% 3.53% -0.04% 37.77% 37.5% 37.29% 39.76% 38.94% 34.88% -60.0%
Net Earnings $923.0M $773.2M $6.361M -$906.0M -$76.32M $143.7M -$9.194M -$293.5M -$975.4M $163.7M $53.10M $72.30M $40.60M $6.900M $2.800M $2.400M -$4.300M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 19.36% 12055.9% -100.7% 1087.19% -153.11% -1662.86% -96.87% -69.91% -695.65% 208.37% -26.56% 78.08% 488.41% 146.43% 16.67% -155.81%
Net Earnings / Revenue 42.61% 49.23% 1.28% -164.08% -16.16% 21.16% -4.39% -202.54% -354.6% 27.52% 15.81% 23.2% 27.18% 15.47% 19.72% 55.81%
Basic Earnings Per Share $10.09 $9.26 -$0.13 -$21.55 -$2.00 $6.08 -$0.15 -$4.80 -$16.08 $2.70
Diluted Earnings Per Share $10.03 $8.92 -$0.13 -$21.55 -$2.00 $6.07 -$0.15 -$4.80 -$16.08 $2.69 $846.9K $1.149M $652.7K $135.8K $75.88K $73.39K -$181.4K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Cash & Short-Term Investments $8.195M $2.528M $9.519M $1.428M $16.07M $2.358M $102.2M $6.486M $3.390M $9.338M $5.700M $13.40M $6.300M $191.8M $31.10M $800.0K $10.10M $100.0K
YoY Change 224.17% -73.44% 566.6% -91.11% 581.42% -97.69% 1475.42% 91.31% -63.69% 63.82% -57.46% 112.7% -96.72% 516.72% 3787.5% -92.08% 10000.0%
Cash & Equivalents $8.195M $2.528M $9.519M $1.428M $16.07M $2.358M $102.2M $6.486M $3.390M $9.338M $5.700M $13.40M $6.300M $152.1M $6.200M $800.0K $10.10M $100.0K
Short-Term Investments $0.00 $39.70M $24.90M $0.00
Other Short-Term Assets $127.4M $46.28M $12.26M $53.19M $8.485M $128.5M $2.938M $3.166M $67.19M $130.7M $11.90M $10.60M $22.80M $19.20M $3.900M $1.500M $400.0K $800.0K
YoY Change 175.33% 277.67% -76.96% 526.82% -93.4% 4273.29% -7.19% -95.29% -48.6% 998.47% 12.26% -53.51% 18.75% 392.31% 160.0% 275.0% -50.0%
Inventory
Prepaid Expenses
Receivables $370.5M $271.3M $193.6M $71.02M $108.3M $96.35M $46.85M $35.84M $51.45M $85.93M $86.80M $70.20M $51.40M $22.00M $7.000M $2.000M $0.00
Other Receivables $3.249M $338.0K $0.00 $0.00 $210.0K $1.205M $785.0K $1.402M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $900.0K $0.00
Total Short-Term Assets $509.4M $320.5M $215.3M $125.6M $133.0M $228.4M $152.8M $46.89M $122.0M $226.0M $104.4M $94.20M $80.50M $233.0M $42.00M $5.200M $10.50M $900.0K
YoY Change 58.95% 48.84% 71.4% -5.57% -41.76% 49.53% 225.75% -61.57% -46.0% 116.46% 10.83% 17.02% -65.45% 454.76% 707.69% -50.48% 1066.67%
Property, Plant & Equipment $3.932B $2.483B $1.253B $735.2M $1.749B $1.203B $473.2M $376.2M $589.3M $1.762B $1.397B $1.083B $643.7M $275.3M $92.20M $55.20M $7.600M $0.00
YoY Change 58.34% 98.1% 70.48% -57.95% 45.38% 154.16% 25.79% -36.16% -66.55% 26.1% 29.0% 68.28% 133.82% 198.59% 67.03% 626.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $2.400M $0.00
YoY Change -100.0%
Other Assets $43.29M $68.57M $50.20M $6.856M $23.84M $72.49M $775.9K $8.430M $10.08M $38.83M $17.90M $13.50M $1.400M $1.400M $1.400M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -36.87% 36.6% 632.15% -71.24% -67.12% 9241.69% -90.8% -16.37% -74.04% 116.94% 32.59% 864.29% 0.0% 0.0%
Total Long-Term Assets $3.975B $2.555B $1.308B $746.5M $1.772B $1.275B $479.5M $384.6M $599.4M $1.801B $1.415B $1.097B $645.1M $276.7M $93.60M $57.70M $7.600M -$900.0K
YoY Change 55.59% 95.38% 75.17% -57.88% 38.99% 165.95% 24.66% -35.83% -66.71% 27.24% 29.04% 70.0% 133.14% 195.62% 62.22% 659.21% -944.44%
Total Assets $4.484B $2.875B $1.523B $872.1M $1.905B $1.504B $632.3M $431.5M $721.4M $2.027B $1.520B $1.191B $725.6M $509.7M $135.6M $62.90M $18.10M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Accounts Payable $192.7M $128.6M $65.46M $35.80M $69.40M $55.02M $93.15M $56.15M $65.32M $231.6M $168.9M $95.80M $110.1M $48.50M $6.400M $1.900M $100.0K $0.00 $0.00 $0.00
YoY Change 49.84% 96.42% 82.85% -48.41% 26.14% -40.94% 65.91% -14.04% -71.79% 37.1% 76.3% -12.99% 127.01% 657.81% 236.84% 1800.0%
Accrued Expenses $174.2M $146.1M $126.1M $77.01M $122.0M $99.71M $11.18M $10.78M $12.61M $10.24M $6.000M $4.600M $100.0K $0.00 $300.0K $9.700M $100.0K $0.00
YoY Change 19.22% 15.86% 63.72% -36.87% 22.35% 792.17% 3.69% -14.51% 23.13% 70.64% 30.43% 4500.0% -100.0% -96.91% 9600.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $800.0K $1.700M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -52.94%
Long-Term Debt Due $0.00 $65.00M
YoY Change -100.0%
Total Short-Term Liabilities $385.8M $345.0M $327.6M $182.5M $203.5M $231.5M $123.6M $77.44M $78.12M $285.7M $194.1M $100.5M $119.7M $59.70M $8.900M $13.40M $200.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 11.82% 5.32% 79.51% -10.32% -12.11% 87.36% 59.57% -0.86% -72.66% 47.21% 93.13% -16.04% 100.5% 570.79% -33.58% 6600.0%
Long-Term Debt $1.836B $1.525B $803.4M $879.8M $1.118B $830.2M $979.3M $832.6M $835.3M $806.1M $584.5M $424.0M $69.90M $0.00 $500.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 20.33% 89.86% -8.68% -21.31% 34.69% -15.23% 17.62% -0.32% 3.63% 37.9% 37.85% 506.58% -100.0%
Other Long-Term Liabilities $146.8M $259.5M $176.7M $33.08M $25.18M $12.05M $20.19M $8.886M $5.628M $5.685M $4.500M $4.100M $3.500M $5.500M $1.700M $0.00 $0.00 $0.00
YoY Change -43.45% 46.85% 434.35% 31.33% 108.98% -40.33% 127.27% 57.9% -1.01% 26.33% 9.76% 17.14% -36.36% 223.53%
Total Long-Term Liabilities $1.982B $1.785B $980.2M $912.9M $1.143B $842.3M $999.5M $841.5M $840.9M $811.7M $589.0M $428.1M $73.40M $5.500M $2.200M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 11.06% 82.11% 7.37% -20.15% 35.75% -15.73% 18.78% 0.07% 3.59% 37.82% 37.58% 483.24% 1234.55% 150.0%
Total Liabilities $2.437B $2.130B $1.308B $1.095B $1.347B $1.074B $1.123B $919.0M $919.0M $1.256B $899.8M $604.8M $229.0M $74.30M $12.00M $13.40M $200.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 14.4% 62.87% 19.38% -18.67% 25.43% -4.39% 22.21% -0.01% -26.82% 39.57% 48.78% 164.1% 208.21% 519.17% -10.45% 6600.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $4.1657 Billion

About NORTHERN OIL & GAS, INC.

Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. The company is headquartered in Minnetonka, Minnesota and currently employs 38 full-time employees. The company went IPO on 2006-02-21. Its business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. The company engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. The company acquires wellbore-only working interests in wells. The company owns the Utica and Northern Delaware Basin assets. The company also owns Point Assets in the Delaware Basin.

Industry: Crude Petroleum & Natural Gas Peers: EARTHSTONE ENERGY INC California Resources Corp Callon Petroleum Co Permian Resources Corp CONOCOPHILLIPS STR Sub Inc. GULFPORT ENERGY CORP HighPeak Energy, Inc. Kosmos Energy Ltd.