Northern Financial Statements From 2010 to 2023

NOG Stock  USD 33.32  1.21  3.77%   
Northern Oil financial statements provide useful quarterly and yearly information to potential Northern Oil Gas investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Northern Oil financial statements helps investors assess Northern Oil's valuation, profitability, and current liquidity needs.
There are over one hundred four available fundamental ratios for Northern Oil, which can be analyzed over time and compared to other ratios. Please make sure to check all of Northern Oil's last-minute performance against the performance from 2010 to 2023 to make sure the company is sustainable down the road.
Northern Oil Average Equity is projected to decrease significantly based on the last few years of reporting. The past year's Average Equity was at 189.61 Million. The current year Enterprise Value is expected to grow to about 1.6 B, whereas Average Assets are forecasted to decline to about 1.4 B.
  
Check Northern Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Northern main balance sheet or income statement drivers, such as Direct Expenses of 212.4 M, Cost of Revenue of 136.5 M or Gross Profit of 396.1 M, as well as many exotic indicators such as Interest Coverage of 2.28, Long Term Debt to Equity of 1.53 or Calculated Tax Rate of 158. Northern financial statements analysis is a perfect complement when working with Northern Oil Valuation or Volatility modules. It can also supplement Northern Oil's financial leverage analysis and stock options assessment as well as various Northern Oil Technical models . Additionally, see the analysis of Northern Oil Correlation against competitors.

Northern Oil Revenues

455.15 Million

Northern Oil Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities181.1 M182.1 M199.4 M
Down
Slightly volatile
Tax Assets387.9 K378 K2.2 M
Down
Slightly volatile
Accumulated Retained Earnings Deficit(1.6 B)(1.6 B)(735.7 M)
Down
Slightly volatile
Trade and Non Trade Receivables81.2 M81.7 M68.6 M
Up
Slightly volatile
Property Plant and Equipment Net986.4 M845.5 M918.1 M
Up
Very volatile
Trade and Non Trade Payables33.1 M32.2 M80.8 M
Down
Slightly volatile
Liabilities Non Current967.5 MB772.5 M
Up
Slightly volatile
Current Liabilities128 M117.2 M117.4 M
Down
Slightly volatile
Total Liabilities1.2 B1.2 B1.3 B
Down
Pretty Stable
Investments Non Current131 K127.7 K20.6 M
Down
Very volatile
Investments Current57.4 M59 M49.8 M
Up
Pretty Stable
Investments63.9 M59.1 M61.9 M
Up
Pretty Stable
Shareholders Equity USD(206.3 M)(201 M)133.4 M
Down
Slightly volatile
Shareholders Equity(510 M)(496.9 M)355.5 M
Down
Slightly volatile
Total Debt USDB1.1 B766.3 M
Up
Slightly volatile
Debt Non Current970 MB740.6 M
Up
Slightly volatile
Debt Current84.5 M78.3 M31 M
Up
Slightly volatile
Total DebtB1.1 B766.3 M
Up
Slightly volatile
Cash and Equivalents USD1.3 M1.3 M23.1 M
Down
Slightly volatile
Cash and Equivalents151.9 M108 M209.6 M
Down
Slightly volatile
Assets Non CurrentB858.4 M935.8 M
Up
Very volatile
Current Assets262.4 M199.1 M319.9 M
Down
Slightly volatile
Total Assets998.8 M973.2 M1.7 B
Down
Slightly volatile
Accounts Payable43 M31.8 M42.9 M
Down
Slightly volatile
Receivables28.3 M28.1 M30.8 M
Down
Very volatile
Inventories29.5 M32.3 M29.5 M
Up
Slightly volatile

Northern Oil Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense(153.3 K)(149.4 K)(61.5 K)
Down
Pretty Stable
Weighted Average Shares Diluted165.6 M166.7 M182.2 M
Down
Slightly volatile
Weighted Average Shares165.6 M166.7 M182.2 M
Down
Slightly volatile
Selling General and Administrative Expense21.1 M21.3 M17.7 M
Up
Slightly volatile
Revenues USD532.6 M635 M392.1 M
Up
Slightly volatile
Revenues455.1 M370.4 M521 M
Down
Slightly volatile
Preferred Dividends Income Statement Impact14 M17.6 M5.2 M
Up
Slightly volatile
Operating Income(1.5 B)(1.5 B)(339.3 M)
Down
Slightly volatile
Operating Expenses1.5 B1.4 B577.8 M
Up
Slightly volatile
Net Income Common Stock USD(851 M)(829.2 M)(314.1 M)
Down
Slightly volatile
Net Income Common Stock(851 M)(829.2 M)(314.1 M)
Down
Slightly volatile
Net Income(1.2 B)(1.1 B)(347.5 M)
Down
Slightly volatile
Interest Expense62.2 M67.3 M49.8 M
Up
Slightly volatile
Gross Profit396.1 M467 M294.7 M
Up
Slightly volatile
Earning Before Interest and Taxes USD(783 M)(762.9 M)(261.8 M)
Down
Slightly volatile
Earning Before Interest and Taxes EBIT(783 M)(762.9 M)(261.8 M)
Down
Slightly volatile
Cost of Revenue136.5 M168 M97.4 M
Up
Slightly volatile
Consolidated Income(836.9 M)(815.4 M)(309.9 M)
Down
Slightly volatile
Direct Expenses212.4 M197.8 M197.4 M
Down
Slightly volatile

Northern Oil Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation4.2 M3.7 MM
Down
Pretty Stable
Net Cash Flow from Operations244.8 M226.4 M254.6 M
Down
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals49.9 M46.3 M37.5 M
Up
Slightly volatile
Net Cash Flow from Financing(123.1 M)(120 M)(949 K)
Down
Slightly volatile
Issuance Repayment of Debt Securities (57.2 M)(55.8 M)66.7 M
Down
Slightly volatile
Issuance Purchase of Equity Shares(14 M)(13.6 M)46 M
Down
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(13.5 M)(13.2 M)(3.3 M)
Down
Pretty Stable
Depreciation Amortization and Accretion161.5 M186.4 M122.5 M
Up
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share18.8418.36105
Down
Slightly volatile
Sales per Share2.462.02.8176
Down
Slightly volatile
Return on Sales(1.42)(1.38)(0.6351)
Down
Slightly volatile
Return on Invested Capital(0.36)(0.35)(0.1141)
Down
Slightly volatile
Price to Sales Ratio0.630.613.9538
Down
Slightly volatile
Price to Earnings Ratio(0.38)(0.37)17.2134
Down
Slightly volatile
Price to Book Value(1.66)(1.62)0.3591
Down
Slightly volatile
Profit Margin(36.54)(35.6)(10.9115)
Down
Slightly volatile
Gross Margin60.3753.659.0667
Down
Slightly volatile
Free Cash Flow per Share0.430.40.1797
Up
Slightly volatile
Enterprise Value over EBITDA(1.87)(1.83)5.9803
Down
Slightly volatile
Enterprise Value over EBIT(2.36)(2.3)46.6673
Up
Very volatile
Earnings per Basic Share USD(20.92)(19.39)(16.7522)
Down
Pretty Stable
Earnings per Diluted Share(6.3)(6.14)(1.8743)
Down
Slightly volatile
Earnings per Basic Share(6.3)(6.14)(1.8743)
Down
Slightly volatile
EBITDA Margin31.2119.9335.6297
Down
Slightly volatile
Debt to Equity Ratio1.581.831.4936
Up
Slightly volatile
Current Ratio2.391.952.7068
Down
Slightly volatile
Book Value per Share(4.83)(4.7)22.052
Down
Slightly volatile
Asset Turnover0.180.190.1965
Down
Pretty Stable
Total Assets Per Share5.395.259.387
Down
Slightly volatile
Cash Flow Per Share1.321.221.3758
Down
Slightly volatile
Return on Investment(128)(125)(37.8805)
Down
Slightly volatile
Operating Margin(8.21)(8.0)18.8801
Down
Slightly volatile
Calculated Tax Rate158173141
Up
Slightly volatile
Receivables Turnover12.7211.0612.5471
Down
Slightly volatile
Inventory Turnover6.756.056.3118
Down
Slightly volatile
PPandE Turnover0.280.290.2654
Down
Slightly volatile
Cash and Equivalents Turnover2.592.692.3922
Up
Slightly volatile
Accounts Payable Turnover9.629.28.9542
Down
Slightly volatile
Accrued Expenses Turnover14.1813.2713.0028
Down
Slightly volatile
Interest Coverage2.282.32.5153
Down
Slightly volatile
Long Term Debt to Equity1.531.771.4555
Up
Slightly volatile
Quick Ratio1.671.332.0696
Down
Slightly volatile
Net Current Assets as percentage of Total Assets9.759.6810.9858
Down
Slightly volatile
Revenue to Assets0.280.340.3041
Down
Very volatile

Northern Oil Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital(52.5 M)(51.2 M)(19.3 M)
Down
Slightly volatile
Tangible Asset Value1.2 BB1.1 B
Up
Very volatile
Market Capitalization498 M361.5 M664.3 M
Down
Slightly volatile
Invested Capital Average2.2 B2.5 B1.7 B
Up
Slightly volatile
Invested Capital1.9 B1.9 B1.6 B
Up
Slightly volatile
Free Cash Flow59.3 M54.9 M(97.1 M)
Up
Slightly volatile
Enterprise Value1.6 B1.6 B1.4 B
Up
Slightly volatile
Average Equity192.2 M189.6 M214.8 M
Down
Slightly volatile
Earnings before Tax(837 M)(815.6 M)(309.9 M)
Down
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD(633.3 M)(617 M)(143 M)
Down
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(1.4 B)(1.3 B)(256.2 M)
Down
Slightly volatile
Average Assets1.4 B1.6 B1.1 B
Up
Slightly volatile
Revenue Per Employee573.2 K554.6 K578.8 K
Down
Slightly volatile
Net Income Per Employee(1.7 M)(1.7 M)(536.9 K)
Down
Slightly volatile

Northern Fundamental Market Drivers

Forward Price Earnings3.0488
Cash And Short Term Investments9.5 M

Northern Upcoming Events

Upcoming Quarterly Report11th of March 2022
Next Financial Report6th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End11th of March 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Northern Oil Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Northern Oil income statement, its balance sheet, and the statement of cash flows. Northern Oil investors use historical funamental indicators, such as Northern Oil's revenue or net income, to determine how well the company is positioned to perform in the future. Although Northern Oil investors may use each financial statement separately, they are all related. The changes in Northern Oil's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Northern Oil's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Northern Oil Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Northern Oil. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Cost of Revenue168 M136.5 M
Revenues370.4 M455.1 M
Revenue to Assets 0.34  0.28 
Revenue Per Employee554.6 K573.2 K

Northern Oil Investors Sentiment

The influence of Northern Oil's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Northern. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Northern Oil's public news can be used to forecast risks associated with investment in Northern. The trend in average sentiment can be used to explain how an investor holding Northern can time the market purely based on public headlines and social activities around Northern Oil Gas. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Northern Oil's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Northern Oil's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Northern Oil's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Northern Oil.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Oil's short interest history, or implied volatility extrapolated from Northern Oil options trading.

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Additionally, see the analysis of Northern Oil Correlation against competitors. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is Northern Oil's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Oil. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
51.103
Market Capitalization
2.8 B
Quarterly Revenue Growth
1.051
Return On Assets
0.2997
Return On Equity
2.9123
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine Northern Oil value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.