$NOG
NORTHERN OIL & GAS, INC.

2022 Q4 Form 10-Q Financial Statement

#000110448522000196 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $370.4M $791.6M
YoY Change 16.04% 501.98%
Cost Of Revenue $110.5M $68.48M
YoY Change 46.09% 58.38%
Gross Profit $259.9M $723.2M
YoY Change 6.71% 719.25%
Gross Profit Margin 70.17% 91.35%
Selling, General & Admin $21.83M $10.28M
YoY Change 108.68% 87.21%
% of Gross Profit 8.4% 1.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $77.32M $65.98M
YoY Change 80.58% 83.85%
% of Gross Profit 29.75% 9.12%
Operating Expenses $99.15M $76.25M
YoY Change 86.1% 84.29%
Operating Profit $160.7M $604.6M
YoY Change -15.52% 2142.39%
Interest Expense -$24.59M $20.14M
YoY Change 60.58% 38.04%
% of Operating Profit -15.3% 3.33%
Other Income/Expense, Net $0.00 -$19.84M
YoY Change -100.0% 37.68%
Pretax Income $145.0M $584.8M
YoY Change -17.1% 4558.26%
Income Tax -$27.00K $1.333M
% Of Pretax Income -0.02% 0.23%
Net Earnings $133.3M $583.5M
YoY Change -23.72% 4547.64%
Net Earnings / Revenue 35.99% 73.7%
Basic Earnings Per Share $7.39
Diluted Earnings Per Share $1.56 $6.77
COMMON SHARES
Basic Shares Outstanding 77.87M shares 78.91M shares
Diluted Shares Outstanding 86.14M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.528M $9.129M
YoY Change -73.44% 355.08%
Cash & Equivalents $2.528M $9.129M
Short-Term Investments
Other Short-Term Assets $46.28M $49.43M
YoY Change 277.67% 556.39%
Inventory
Prepaid Expenses
Receivables $271.3M $318.1M
Other Receivables $338.0K $0.00
Total Short-Term Assets $320.5M $376.7M
YoY Change 48.84% 124.78%
LONG-TERM ASSETS
Property, Plant & Equipment $2.483B $2.015B
YoY Change 98.1% 89.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.22M $15.93M
YoY Change 38.83% 33.08%
Total Long-Term Assets $2.555B $2.095B
YoY Change 95.38% 94.6%
TOTAL ASSETS
Total Short-Term Assets $320.5M $376.7M
Total Long-Term Assets $2.555B $2.095B
Total Assets $2.875B $2.471B
YoY Change 88.8% 98.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.6M $142.7M
YoY Change 96.42% 116.47%
Accrued Expenses $121.7M $114.9M
YoY Change 15.29% 14.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $345.0M $381.7M
YoY Change 5.32% 7.48%
LONG-TERM LIABILITIES
Long-Term Debt $1.525B $1.169B
YoY Change 89.86% 36.21%
Other Long-Term Liabilities $2.045M $2.116M
YoY Change -34.24% -51.35%
Total Long-Term Liabilities $2.045M $2.116M
YoY Change -99.75% -99.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $345.0M $381.7M
Total Long-Term Liabilities $2.045M $2.116M
Total Liabilities $2.130B $1.762B
YoY Change 62.87% 25.72%
SHAREHOLDERS EQUITY
Retained Earnings -$1.001B -$1.146B
YoY Change -43.59% -41.2%
Common Stock $487.0K $1.855B
YoY Change -99.98% 3.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $745.3M $709.1M
YoY Change
Total Liabilities & Shareholders Equity $2.875B $2.471B
YoY Change 88.8% 98.66%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $133.3M $583.5M
YoY Change -23.72% 4547.64%
Depreciation, Depletion And Amortization $77.32M $65.98M
YoY Change 80.58% 83.85%
Cash From Operating Activities $287.4M $276.8M
YoY Change 115.91% 193.14%
INVESTING ACTIVITIES
Capital Expenditures $529.7M -$301.3M
YoY Change -331.36% 87.5%
Acquisitions
YoY Change
Other Investing Activities -$14.50M -$11.50M
YoY Change -64.33% -222.34%
Cash From Investing Activities -$544.2M -$312.8M
YoY Change 101.85% 106.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 250.3M 43.66M
YoY Change 73.75% -19.19%
NET CHANGE
Cash From Operating Activities 287.4M 276.8M
Cash From Investing Activities -544.2M -312.8M
Cash From Financing Activities 250.3M 43.66M
Net Change In Cash -6.602M 7.658M
YoY Change -187.86% -369.93%
FREE CASH FLOW
Cash From Operating Activities $287.4M $276.8M
Capital Expenditures $529.7M -$301.3M
Free Cash Flow -$242.4M $578.0M
YoY Change -166.94% 126.6%

Facts In Submission

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NORTHERN OIL AND GAS, INC.
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us-gaap Preferred Stock Redemption Premium
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us-gaap Preferred Stock Redemption Premium
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Earnings Per Share Diluted
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Net Income Loss
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us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
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us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Debt Discount Premium
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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nog Gain Loss On Contingent Consideration
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us-gaap Gain Loss On Disposition Of Assets1
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Explore And Develop Oil And Gas Properties
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us-gaap Payments To Acquire Other Property Plant And Equipment
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us-gaap Payments To Acquire Other Property Plant And Equipment
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us-gaap Repayments Of Lines Of Credit
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Unsecured Debt
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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578000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 nog Stock Issued During Period Value Restricted Stock Award Surrenders Tax Obligations
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CY2022Q1 nog Stock Issued During Period Value Warrants Issued
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CY2022Q1 nog Stock Repurchased During Period Value Preferred Stock
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CY2022Q1 us-gaap Dividends Common Stock
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CY2022Q2 us-gaap Stock Repurchased During Period Value
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CY2022Q2 us-gaap Dividends Preferred Stock
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Stockholders Equity
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CY2022Q3 us-gaap Stock Repurchased During Period Value
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CY2022Q3 us-gaap Dividends Common Stock
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CY2022Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 nog Stock Issued During Period Value Restricted Stock Award Surrenders Tax Obligations
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 nog Stock Issued During Period Value Restricted Stock Award Surrenders Tax Obligations
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
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CY2021Q2 nog Stock Issued During Period Value Warrants Issued
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CY2021Q2 nog Stock Issued During Period Value Contingent Consideration Settlements
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CY2021Q2 us-gaap Dividends Preferred Stock
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CY2021Q2 us-gaap Dividends Common Stock
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StockholdersEquity
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
728000 usd
CY2021Q3 nog Stock Issued During Period Value Contingent Consideration Settlements
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CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q3 us-gaap Dividends Common Stock
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
12554000 usd
CY2021Q3 us-gaap Stockholders Equity
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us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION AND NATURE OF BUSINESS<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Northern Oil and Gas, Inc. (the “Company,” “Northern,” “our” and words of similar import), a Delaware corporation, is an independent energy company engaged in the acquisition, exploration, exploitation, development and production of crude oil and natural gas properties. The Company’s common stock trades on the New York Stock Exchange under the symbol “NOG”.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s principal business is crude oil and natural gas exploration, development, and production with operations in the United States. The Company’s primary strategy is investing in non-operated minority working and mineral interests in oil and gas properties in the United States.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements under GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant estimates relate to proved crude oil and natural gas reserves, which includes limited control over future development plans as a non-operator, estimates relating to certain crude oil and natural gas revenues and expenses, fair value of derivative instruments, fair value of contingent consideration, acquisition date fair values of assets acquired and liabilities assumed, impairment of crude oil and natural gas properties, asset retirement obligations and deferred income taxes.  Actual results may differ from those estimates.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management’s estimates and assumptions were based on historical data and consideration of future market conditions. Given the uncertainty inherent in any projection, actual results may differ from the estimates and assumptions used, and conditions may change, which could materially affect amounts reported in the unaudited condensed financial statements.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Reclassifications</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span>Certain prior period balances in the condensed statements of cash flows have been reclassified to conform to the current year presentation. Such reclassifications had no impact on net income (loss), cash flows or stockholders’ equity (deficit) previously reported.
CY2022Q3 nog Revenuefrom Contractwith Customer Numberof Revenue Sources
RevenuefromContractwithCustomerNumberofRevenueSources
2 revenuesource
CY2022Q3 nog Numberof Geographic Areasinwhich Entity Operates
NumberofGeographicAreasinwhichEntityOperates
3 geographicarea
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Concentrations of Market, Credit Risk and Other Risks</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The future results of the Company’s crude oil and natural gas operations will be affected by the market prices of crude oil and natural gas.  The availability of a ready market for crude oil and natural gas products in the future will depend on numerous factors beyond the control of the Company, including weather, imports, marketing of competitive fuels, proximity and capacity of crude oil and natural gas pipelines and other transportation facilities, any oversupply or undersupply of crude oil, natural gas and liquid products, the regulatory environment, the economic environment, and other regional and political events, none of which can be predicted with certainty.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates in the exploration, development and production sector of the crude oil and natural gas industry.  The Company’s receivables include amounts due, indirectly via the third-party operators of the wells, from purchasers of its crude oil and natural gas production.  While certain of these customers, as well as third-party operators of the wells, are affected by periodic downturns in the economy in general or in their specific segment of the crude oil or natural gas industry, the Company believes that its level of credit-related losses due to such economic fluctuations have been immaterial.</span></div>As a non-operator, 100% of the Company’s wells are operated by third-party operating partners. As a result, the Company is highly dependent on the success of these third-party operators. If they are not successful in the development, exploitation, production and exploration activities relating to the Company’s leasehold interests, or are unable or unwilling to perform, the Company’s financial condition and results of operation could be adversely affected. These risks are heightened in a low commodity price environment, which may present significant challenges to these third-party operators. The Company’s third-party operators will make decisions in connection with their operations that may not be in the Company’s best interests, and the Company may have little or no ability to exercise influence over the operational decisions of its third-party operators.<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company faces concentration risk due to the fact that a substantial majority of its oil and natural gas revenue is sourced from North Dakota. Acquisitions since 2021 have diversified the Company’s portfolio to include New Mexico, Pennsylvania and Texas, but the Company remains disproportionately exposed to risks affecting a limited number of geographic areas of operations.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company manages and controls market and counterparty credit risk. In the normal course of business, collateral is not required for financial instruments with credit risk. Financial instruments which potentially subject the Company to credit risk consist principally of temporary cash balances and derivative financial instruments. The Company maintains cash and cash equivalents in bank deposit accounts which, at times, may exceed the federally insured limits. The Company has not experienced any significant losses from such investments. The Company attempts to limit the amount of credit exposure to any one financial institution or company. The Company believes the credit quality of its counterparties is generally high. In the normal course of business, letters of credit or parent guarantees may be required for counterparties which management perceives to have a higher credit risk.</span></div>
CY2022Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022Q3 us-gaap Preferred Stock Redemption Premium
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CY2021Q3 us-gaap Preferred Stock Redemption Premium
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us-gaap Preferred Stock Redemption Premium
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25320000 usd
us-gaap Preferred Stock Redemption Premium
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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8949000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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78589661 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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65856479 shares
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77632410 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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60404584 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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9423748 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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86141293 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66629566 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87056158 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60404584 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.39
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.66
us-gaap Earnings Per Share Basic
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-2.97
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.77
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.97
us-gaap Interest Paid Net
InterestPaidNet
69015000 usd
us-gaap Interest Paid Net
InterestPaidNet
41283000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
2322000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
164246000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
111897000 usd
nog Capitalized Asset Retirement Obligations
CapitalizedAssetRetirementObligations
2745000 usd
nog Capitalized Asset Retirement Obligations
CapitalizedAssetRetirementObligations
8564000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
1859000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
544000 usd
nog Compensation Capitalizedon Oiland Gas Properties
CompensationCapitalizedonOilandGasProperties
170000 usd
nog Compensation Capitalizedon Oiland Gas Properties
CompensationCapitalizedonOilandGasProperties
246000 usd
nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Warrants Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssuedValue
17870000 usd
nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Warrants Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssuedValue
30512000 usd
nog Warrants Issued
WarrantsIssued
17870000 usd
nog Warrants Issued
WarrantsIssued
0 usd
us-gaap Stock Issued1
StockIssued1
76904000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
CY2021Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
nog Lease Amount Expired
LeaseAmountExpired
5300000 usd
CY2022Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2022Q3 nog Asset Acquisition Pro Forma Revenue
AssetAcquisitionProFormaRevenue
799875000 usd
nog Asset Acquisition Pro Forma Revenue
AssetAcquisitionProFormaRevenue
1276156000 usd
CY2021Q3 nog Asset Acquisition Pro Forma Revenue
AssetAcquisitionProFormaRevenue
162723000 usd
nog Asset Acquisition Pro Forma Revenue
AssetAcquisitionProFormaRevenue
284994000 usd
CY2022Q3 nog Asset Acquisition Pro Forma Net Income Loss
AssetAcquisitionProFormaNetIncomeLoss
590342000 usd
nog Asset Acquisition Pro Forma Net Income Loss
AssetAcquisitionProFormaNetIncomeLoss
686680000 usd
CY2021Q3 nog Asset Acquisition Pro Forma Net Income Loss
AssetAcquisitionProFormaNetIncomeLoss
31527000 usd
nog Asset Acquisition Pro Forma Net Income Loss
AssetAcquisitionProFormaNetIncomeLoss
-131417000 usd
nog Anticipated Timing Of Inclusion Of Cost In Amortization Calculation
AnticipatedTimingOfInclusionOfCostInAmortizationCalculation
P5Y
CY2022Q3 nog Lease Amount Expired
LeaseAmountExpired
3400000 usd
CY2021Q3 nog Lease Amount Expired
LeaseAmountExpired
500000 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
nog Lease Amount Expired
LeaseAmountExpired
1200000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1170555000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
805000000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-11289000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-13217000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12624000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12624000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14780000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
1169220000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
803437000 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
135000000 shares
nog Derivative Gain Loss On Derivative Net Unsettled Commodity Derivatives
DerivativeGainLossOnDerivativeNetUnsettledCommodityDerivatives
-373540000 usd
CY2022Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
257590000 usd
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
78879200 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
78879200 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
4000000 usd
CY2011Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2022Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
358868 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
805919 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2021Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-128163000 usd
us-gaap Costs Incurred Asset Retirement Obligation Incurred
CostsIncurredAssetRetirementObligationIncurred
900000 usd
CY2022Q3 nog Derivative Gain Loss On Derivative Net Settled Commodity Derivatives
DerivativeGainLossOnDerivativeNetSettledCommodityDerivatives
-124911000 usd
CY2021Q3 nog Derivative Gain Loss On Derivative Net Settled Commodity Derivatives
DerivativeGainLossOnDerivativeNetSettledCommodityDerivatives
-56318000 usd
nog Derivative Gain Loss On Derivative Net Settled Commodity Derivatives
DerivativeGainLossOnDerivativeNetSettledCommodityDerivatives
-392385000 usd
nog Derivative Gain Loss On Derivative Net Settled Commodity Derivatives
DerivativeGainLossOnDerivativeNetSettledCommodityDerivatives
-91470000 usd
CY2022Q3 nog Derivative Gain Loss On Derivative Net Unsettled Commodity Derivatives
DerivativeGainLossOnDerivativeNetUnsettledCommodityDerivatives
382501000 usd
CY2021Q3 nog Derivative Gain Loss On Derivative Net Unsettled Commodity Derivatives
DerivativeGainLossOnDerivativeNetUnsettledCommodityDerivatives
-71845000 usd
nog Derivative Gain Loss On Derivative Net Unsettled Commodity Derivatives
DerivativeGainLossOnDerivativeNetUnsettledCommodityDerivatives
52390000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-339995000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-465010000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
133627000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
15719000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
357128000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
293383000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
133627000 usd
CY2022Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
64336000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
69291000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
357128000 usd
CY2022Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
64336000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
292792000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
15719000 usd
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
11337000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
4382000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
293383000 usd
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
11337000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
282045000 usd

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