Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. (NOG) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Northern Oil and Gas, Inc. (NOG), covering cash flow, earnings, and balance sheets.
Northern Oil and Gas, Inc. (NOG) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Northern Oil and Gas, Inc. NOG financial performance.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $580.34M | $506.58M | $753.64M | $564.19M |
| Cost of Revenue | $355.80M | $363.88M | $307.23M | $326.06M |
| Gross Profit | $224.54M | $185.32M | $208.26M | $238.13M |
| Gross Profit Ratio | $0.39 | $0.37 | $0.28 | $0.42 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $14.48M | $15.53M | $10.005M | $13.44M |
| Operating Expenses | $17.02M | $52.69M | -$225.68M | $19.20M |
| Total Costs & Expenses | $351.06M | $416.57M | $319.70M | $345.26M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $0.00 | $45.26M | $36.84M | $37.70M |
| Depreciation & Amortization | $205.69M | $204.67M | $185.66M | $176.61M |
| EBITDA | $435.33M | $337.77M | $619.72M | $395.61M |
| EBITDA Ratio | $0.75 | $0.67 | $0.82 | $0.70 |
| Operating Income | $229.28M | $132.63M | $433.94M | $218.94M |
| Operating Income Ratio | $0.40 | $0.26 | $0.58 | $0.39 |
| Other Income/Expenses (Net) | -$43.49M | -$44.80M | -$36.72M | -$37.63M |
| Income Before Tax | $185.79M | $87.84M | $397.22M | $181.30M |
| Income Before Tax Ratio | $0.32 | $0.17 | $0.53 | $0.32 |
| Income Tax Expense | $46.80M | $16.14M | $98.78M | $42.75M |
| Net Income | $138.98M | $71.70M | $298.45M | $138.56M |
| Net Income Ratio | $0.24 | $0.14 | $0.40 | $0.25 |
| EPS | $1.41 | $0.72 | $3.00 | $1.38 |
| Diluted EPS | $1.39 | $0.71 | $2.96 | $1.36 |
| Weighted Avg Shares Outstanding | $98.56M | $100.34M | $99.49M | $100.27M |
| Weighted Avg Shares Outstanding (Diluted) | $99.99M | $101.27M | $100.72M | $101.98M |
The company's financials show resilient growth, with revenue advancing from $564.19M in Q2 2024 to $580.34M in Q1 2025. Gross profit remained healthy with margins at 39% in Q1 2025 compared to 42% in Q2 2024. Operating income hit $229.28M last quarter, sustaining a consistent 40% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $435.33M. Net income rose to $138.98M, while earnings per share reached $1.41. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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