Northern Financial Statements From 2010 to 2023

NOG Stock

USD 31.07 0.32 1.02%

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 verify all of Northern Oil last-minute fundamental drivers against the trend between 2010 and 2023 to make sure the company can sustain itself down the road.

Northern Oil Earnings Before Interest Taxes and Depreciation Amortization EBITDA are most likely to increase significantly in the upcoming years. The last year's value of Earnings Before Interest Taxes and Depreciation Amortization EBITDA was reported at 1.11 Billion. The current Earnings before Tax is estimated to increase to about 837.6 M, while Free Cash Flow is projected to decrease to (442.7 M).

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 451.9 M, Consolidated Income of 834.3 M or Cost of Revenue of 451.9 M, as well as many exotic indicators such as Interest Coverage of 10.9, Long Term Debt to Equity of 1.74 or Calculated Tax Rate of 0.41. 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 . Check out the analysis of Northern Oil Correlation against competitors.

Northern Oil Revenues

1.69 Billion

Northern Oil Balance Sheet

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Tax Liabilities

181.1 M

182.1 M

199.4 M

Slightly volatile

Tax Assets

312.2 K

304.2 K

1.8 M

Slightly volatile

Accumulated Retained Earnings Deficit

(1.1 B)

(1 B)

(638.7 M)

Slightly volatile

Trade and Non Trade Receivables

292.8 M

271.3 M

110.8 M

Slightly volatile

Property Plant and Equipment Net

2 B

2.5 B

1.2 B

Slightly volatile

Trade and Non Trade Payables

108.4 M

128.6 M

97.5 M

Pretty Stable

Liabilities Non Current

1.5 B

1.8 B

930.6 M

Slightly volatile

Current Liabilities

294.7 M

345 M

188.9 M

Slightly volatile

Total Liabilities

1.8 B

2.1 B

1.1 B

Slightly volatile

Investments Non Current

12.6 M

12.5 M

22.5 M

Very volatile

Investments Current

35.8 M

35.3 M

40.6 M

Pretty Stable

Investments

47.1 M

47.8 M

54.2 M

Pretty Stable

Shareholders Equity USD

804.1 M

745.3 M

321.6 M

Very volatile

Shareholders Equity Attributable to Parent

804.1 M

745.3 M

321.6 M

Very volatile

Total Debt USD

1.5 B

1.8 B

908.7 M

Slightly volatile

Debt Non Current

1.4 B

1.8 B

881.1 M

Slightly volatile

Debt Current

55.2 M

58.4 M

33.6 M

Slightly volatile

Total Debt

1.5 B

1.8 B

908.7 M

Slightly volatile

Cash and Equivalents USD

2.6 M

2.5 M

14.4 M

Very volatile

Cash and Equivalents

2.6 M

2.5 M

14.4 M

Very volatile

Assets Non Current

2.1 B

2.6 B

1.3 B

Slightly volatile

Current Assets

261.8 M

320.5 M

158.5 M

Slightly volatile

Total Assets

2.3 B

2.9 B

1.4 B

Slightly volatile

Accounts Payable

125.8 M

128.6 M

102.1 M

Very volatile

Receivables

292.8 M

271.3 M

106.5 M

Slightly volatile

Inventories

29.5 M

32.3 M

29.5 M

Slightly volatile

Northern Oil Income Statement

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Income Tax Expense

3.3 M

3.1 M

4.4 M

Pretty Stable

Weighted Average Shares Diluted

93.5 M

86.7 M

28.4 M

Slightly volatile

Weighted Average Shares

84.8 M

78.6 M

27.2 M

Slightly volatile

Selling General and Administrative Expense

37.7 M

47.2 M

23.3 M

Slightly volatile

Revenues USD

1.7 B

1.6 B

568.6 M

Slightly volatile

Revenues

1.7 B

1.6 B

568.6 M

Slightly volatile

Preferred Dividends Income Statement Impact

49.1 M

45.5 M

9.6 M

Slightly volatile

Operating Income

920.5 M

853.2 M

73.4 M

Pretty Stable

Operating Expenses

380.8 M

298.5 M

348.2 M

Pretty Stable

Net Income Common Stock USD

785.2 M

727.7 M

(13.9 M)

Pretty Stable

Net Income Common Stock

785.2 M

727.7 M

(13.9 M)

Pretty Stable

Net Income

834.3 M

773.2 M

(4.9 M)

Pretty Stable

Interest Expense

76.3 M

80.3 M

53.7 M

Slightly volatile

Gross Profit

1.2 B

417.4 M

Slightly volatile

Earning Before Interest and Taxes USD

924.3 M

856.7 M

53.8 M

Pretty Stable

Earning Before Interest and Taxes EBIT

924.3 M

856.7 M

53.8 M

Pretty Stable

Cost of Revenue

451.9 M

418.9 M

151.2 M

Slightly volatile

Consolidated Income

834.3 M

773.2 M

(4.9 M)

Pretty Stable

Direct Expenses

451.9 M

418.9 M

145.1 M

Slightly volatile

Northern Oil Cash Flow Statement

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Share Based Compensation

5.2 M

5.7 M

6.2 M

Slightly volatile

Net Cash Flow from Operations

1 B

928.4 M

339.8 M

Slightly volatile

Net Cash Flow from Financing

504.3 M

467.4 M

218.3 M

Very volatile

Issuance Repayment of Debt Securities

771.1 M

714.7 M

218.1 M

Pretty Stable

Issuance Purchase of Equity Shares

(55.9 M)

(54.5 M)

84.4 M

Slightly volatile

Net Cash Flow or Change in Cash and Cash Equivalents

(7.2 M)

(7 M)

235 K

Pretty Stable

Depreciation Amortization and Accretion

213.2 M

251.3 M

139.3 M

Slightly volatile

Financial Ratios

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Tangible Assets Book Value per Share

37.56

36.6

119

Slightly volatile

Sales per Share

25.3

19.992

36.5068

Slightly volatile

Return on Sales

0.59

0.545

(0.2279)

Very volatile

Return on Invested Capital

0.26

0.239

0.0036

Very volatile

Return on Average Equity

2.0

1.852

(0.6062)

Very volatile

Return on Average Assets

0.33

0.304

(0.0788)

Very volatile

Price to Sales Ratio

1.46

1.542

1.7934

Slightly volatile

Price to Earnings Ratio

3.59

3.328

(7.9242)

Slightly volatile

Price to Book Value

3.47

3.22

1.4645

Slightly volatile

Payout Ratio

0.1

0.095

(1.0076)

Slightly volatile

Profit Margin

0.5

0.463

(0.3685)

Very volatile

Gross Margin

0.69

0.733

0.7221

Slightly volatile

Free Cash Flow per Share

(5.93)

(5.491)

(18.3581)

Slightly volatile

Enterprise Value over EBITDA

4.16

3.478

4.3555

Very volatile

Enterprise Value over EBIT

4.11

4.0

42.2932

Pretty Stable

Earnings per Basic Share USD

9.99

9.26

(9.8822)

Very volatile

Earnings per Diluted Share

9.63

8.92

(9.9617)

Very volatile

Earnings per Basic Share

9.99

9.26

(9.8822)

Very volatile

EBITDA Margin

0.76

0.705

0.083

Very volatile

Dividends per Basic Common Share

0.76

0.88

0.2502

Slightly volatile

Dividend Yield

0.026

0.029

0.0108

Slightly volatile

Debt to Equity Ratio

3.08

2.858

0.6698

Pretty Stable

Current Ratio

0.86

0.929

0.88

Pretty Stable

Book Value per Share

11.49

9.487

26.3373

Slightly volatile

Asset Turnover

0.57

0.657

0.3855

Slightly volatile

Total Assets Per Share

34.65

33.7598

102

Slightly volatile

Cash Flow Per Share

16.5

10.9013

18.4399

Slightly volatile

Return on Investment

55.97

51.8777

2.4539

Pretty Stable

Operating Margin

50.19

54.3249

35.4845

Very volatile

Calculated Tax Rate

0.41

0.3994

14.467

Slightly volatile

Receivables Turnover

5.7

6.7566

5.1295

Slightly volatile

Inventory Turnover

6.75

6.05

6.3118

Slightly volatile

PPandE Turnover

0.91

0.8407

0.4586

Slightly volatile

Cash and Equivalents Turnover

281

261

70.3462

Slightly volatile

Accounts Payable Turnover

17.47

16.1872

5.9683

Slightly volatile

Accrued Expenses Turnover

11.84

11.5408

208

Slightly volatile

Interest Coverage

10.9

10.621

263

Slightly volatile

Long Term Debt to Equity

1.74

2.0468

1.7126

Slightly volatile

Quick Ratio

0.87

0.7717

0.8107

Slightly volatile

Net Current Assets as percentage of Total Assets

(0.87)

(0.8517)

0.2976

Slightly volatile

Revenue to Assets

0.59

0.5462

0.3503

Slightly volatile

Northern Oil Valuation Data

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Working Capital

(26.4 M)

(24.5 M)

(29.9 M)

Pretty Stable

Tangible Asset Value

2.3 B

2.9 B

1.4 B

Slightly volatile

Market Capitalization

2.6 B

2.4 B

971.9 M

Slightly volatile

Invested Capital Average

3 B

3.6 B

1.9 B

Slightly volatile

Invested Capital

3.5 B

4.3 B

2.1 B

Slightly volatile

Free Cash Flow

(442.7 M)

(431.4 M)

(207.1 M)

Very volatile

Enterprise Value

4.2 B

3.9 B

1.8 B

Slightly volatile

Average Equity

423.9 M

392.9 M

253 M

Slightly volatile

Earnings before Tax

837.6 M

776.3 M

(568.8 K)

Pretty Stable

Earnings Before Interest Taxes and Depreciation Amortization USD

1.2 B

1.1 B

197.3 M

Pretty Stable

Earnings Before Interest Taxes and Depreciation Amortization EBITDA

1.2 B

1.1 B

197.3 M

Pretty Stable

Average Assets

2 B

2.4 B

1.3 B

Slightly volatile

Revenue Per Employee

51.3 M

47.6 M

21.3 M

Slightly volatile

Net Income Per Employee

25.3 M

23.4 M

(2.3 M)

Pretty Stable

Northern Fundamental Market Drivers

	Forward Price Earnings	3.0488
	Cash And Short Term Investments	2.5 M

Northern Upcoming Events

	2nd of August 2023 Upcoming Quarterly Report	View
	14th of November 2023 Next Financial Report	View
	30th of June 2023 Next Fiscal Quarter End	View
	22nd of February 2024 Next Fiscal Year End	View
	31st of March 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

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 Reported	Projected for 2023
Cost of Revenue	418.9 M	451.9 M
Revenues	1.6 B	1.7 B
Revenue to Assets	0.55	0.59
Revenue Per Employee	47.6 M	51.3 M

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When running Northern Oil's price analysis, check to measure Northern Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.

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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

(0.22)

Dividend Share

1.08

Earnings Share

16.59

Revenue Per Share

22.337

Quarterly Revenue Growth

(0.07)

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 if Northern Oil is a good investment 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.

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Northern Financial Statements From 2010 to 2023

Northern Oil Revenues

1.69 Billion

Northern Oil Balance Sheet

Northern Oil Income Statement

Northern Oil Cash Flow Statement

Financial Ratios

Northern Oil Valuation Data

Northern Fundamental Market Drivers

Northern Upcoming Events

About Northern Oil Financial Statements

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