Northern Historical Income Statement

NOG Stock  USD 39.68  0.66  1.69%   
Historical analysis of Northern Oil income statement accounts such as Operating Income of 916.7 M can show how well Northern Oil Gas performed in making a profits. Evaluating Northern Oil income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Northern Oil's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Northern Oil Gas latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Northern Oil Gas is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

About Northern Income Statement Analysis

Northern Oil Gas Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Northern Oil shareholders. The income statement also shows Northern investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Northern Oil Income Statement Chart

Northern Oil Gas Income Statement is one of the three primary financial statements used for reporting Northern's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Northern Oil Gas revenue and expense. Northern Oil Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Northern Oil's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Northern Oil's current Operating Income is estimated to increase to about 916.7 M, while Net Interest Income is projected to decrease to (129.1 M).

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Northern Oil Gas. It is also known as Northern Oil overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Total Revenue

Total revenue comprises all receipts Northern Oil Gas generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most accounts from Northern Oil's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Northern Oil Gas current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
At this time, Northern Oil's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Northern Oil's current Operating Income is estimated to increase to about 916.7 M, while Net Interest Income is projected to decrease to (129.1 M).
 2023 2024 (projected)
Extraordinary Items720K640K
Reconciled Depreciation412.2M213.1M

Northern Oil income statement Correlations

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Click cells to compare fundamentals

Northern Oil Account Relationship Matchups

Northern Oil income statement Accounts

201920202021202220232024 (projected)
Interest Expense80.7M58.5M59.0M80.3M138.7M145.6M
Selling General Administrative23.6M18.5M30.3M47.2M46.8M49.1M
Other Operating Expenses410.5M326.8M418.9M717.3M1.0B1.1B
Operating Income(19.3M)(2.7M)415.3M853.2M873.0M916.7M
Ebit(19.3M)(2.7M)415.3M853.2M873.0M916.7M
Ebitda190.9M(4.3M)556.1M1.3B1.4B1.4B
Total Operating Expenses23.6M18.5M30.3M47.2M40.8M42.9M
Income Before Tax(76.3M)(906.2M)6.6M776.3M1.0B1.1B
Net Income53.0M(906.0M)6.4M773.2M923.0M969.1M
Depreciation And Amortization210.2M(1.6M)140.8M415.1M486.0M510.3M
Total Other Income Expense Net(57.0M)(903.5M)(408.7M)(76.9M)127.7M134.1M
Income Tax Expense(129.4M)(166K)233K3.1M77.8M81.7M
Total Revenue601.2M324.1M975.1M2.0B1.9B2.0B
Gross Profit214.4M15.8M586.5M1.3B913.9M959.6M
Cost Of Revenue386.9M308.2M388.6M670.1M993.1M1.0B
Net Income Applicable To Common Shares(77.3M)(921.3M)(8.4M)727.7M654.9M687.7M
Net Income From Continuing Ops(76.3M)(906.0M)6.4M773.2M679.2M713.1M
Interest Income79.3M59.5M58.0M79.3M91.2M76.6M
Net Interest Income(80.7M)(58.5M)(59.0M)(80.3M)(123.0M)(129.1M)
Reconciled Depreciation210.2M162.1M140.8M251.3M412.2M213.1M

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 market does not have 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 an 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 equities 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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When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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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
1.379
Dividend Share
1.49
Earnings Share
10.03
Revenue Per Share
19.095
Quarterly Revenue Growth
0.226
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.