Northern Oil and Gas Past Earnings Performance
Past criteria checks 3/6
Northern Oil and Gas has been growing earnings at an average annual rate of 44.7%, while the Oil and Gas industry saw earnings growing at 37% annually. Revenues have been growing at an average rate of 34.8% per year. Northern Oil and Gas's return on equity is 29.7%, and it has net margins of 32.4%.
Key information
44.7%
Earnings growth rate
33.8%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 34.8% |
| Return on equity | 29.7% |
| Net Margin | 32.4% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Why Investors Shouldn't Be Surprised By Northern Oil and Gas, Inc.'s (NYSE:NOG) Low P/E
Mar 30
These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well
Mar 11Northern Oil And Gas: Expecting Close To $500 Million In 2024 Free Cash Flow
Feb 24Northern Oil And Gas: Bigger Yield, EPS Growth In '24, Monitoring The Chart
Jan 19Northern Oil and Gas (NYSE:NOG) Has Announced That It Will Be Increasing Its Dividend To $0.40
Dec 13Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.40
Nov 23Northern Oil And Gas: Net Debt Should Be Reduced To $1.6 Billion By End Of 2023 (Rating Upgrade)
Nov 04Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.40
Nov 03Northern Oil and Gas, Inc. (NYSE:NOG) Shares Could Be 42% Below Their Intrinsic Value Estimate
Oct 03Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.38
Sep 12Northern Oil and Gas: Production May Exceed 110,000 BOEPD In Q4 2023
Aug 31Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.38
Aug 28Northern Oil and Gas: A Buy Until The Music Stops, Again
Aug 24Here's Why We Think Northern Oil and Gas (NYSE:NOG) Is Well Worth Watching
Aug 04A Look At The Fair Value Of Northern Oil and Gas, Inc. (NYSE:NOG)
Jul 04Northern Oil and Gas: Big Company Revenue, Small Company Flexibility
Jun 15A Look At The Fair Value Of Northern Oil and Gas, Inc. (NYSE:NOG)
Apr 05Northern Oil & Gas Q4 2022 Earnings Preview
Feb 22Northern Oil & Gas raises dividend by 13.3%
Feb 06Northern Oil and Gas: Mascot Project Adds To 2024 Free Cash Flow
Jan 26Is Northern Oil and Gas (NYSE:NOG) Using Too Much Debt?
Jan 02Northern Oil & Gas Non-GAAP EPS of $1.80 beats by $0.05, revenue of $791.64M beats by $374.37M
Nov 08An Intrinsic Calculation For Northern Oil and Gas, Inc. (NYSE:NOG) Suggests It's 49% Undervalued
Oct 19NOG prices upsized $435M private debt offering
Oct 12Revenue & Expenses BreakdownBeta
How Northern Oil and Gas makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 1,837 | 594 | 38 | 0 |
| 31 Dec 23 | 1,747 | 923 | 36 | 0 |
| 30 Sep 23 | 1,655 | 667 | 38 | 0 |
| 30 Jun 23 | 1,675 | 1,222 | 40 | 0 |
| 31 Mar 23 | 1,799 | 1,292 | 38 | 0 |
| 31 Dec 22 | 1,828 | 728 | 35 | 0 |
| 30 Sep 22 | 1,727 | 766 | 34 | 0 |
| 30 Jun 22 | 1,475 | 194 | 31 | 0 |
| 31 Mar 22 | 1,176 | -139 | 33 | 0 |
| 31 Dec 21 | 898 | -8 | 30 | 0 |
| 30 Sep 21 | 681 | -326 | 24 | 0 |
| 30 Jun 21 | 508 | -571 | 23 | 0 |
| 31 Mar 21 | 320 | -1,380 | 18 | 0 |
| 31 Dec 20 | 294 | -921 | 19 | 0 |
| 30 Sep 20 | 349 | -884 | 22 | 0 |
| 30 Jun 20 | 425 | -553 | 19 | 0 |
| 31 Mar 20 | 542 | 394 | 20 | 0 |
| 31 Dec 19 | 543 | -77 | 24 | 0 |
| 30 Sep 19 | 537 | 250 | 19 | 0 |
| 30 Jun 19 | 527 | 175 | 21 | 0 |
| 31 Mar 19 | 490 | 34 | 19 | 0 |
| 31 Dec 18 | 449 | 144 | 15 | 0 |
| 30 Sep 18 | 376 | -98 | 13 | 0 |
| 30 Jun 18 | 293 | -134 | 12 | 0 |
| 31 Mar 18 | 238 | -23 | 13 | 0 |
| 31 Dec 17 | 203 | -9 | 15 | 0 |
| 30 Sep 17 | 180 | 2 | 16 | 0 |
| 30 Jun 17 | 169 | -27 | 14 | 0 |
| 31 Mar 17 | 163 | -150 | 14 | 0 |
| 31 Dec 16 | 144 | -293 | 15 | 0 |
| 30 Sep 16 | 137 | -453 | 17 | 0 |
| 30 Jun 16 | 144 | -731 | 19 | 0 |
| 31 Mar 16 | 162 | -872 | 19 | 0 |
| 31 Dec 15 | 181 | -975 | 19 | 0 |
| 30 Sep 15 | 231 | -699 | 18 | 0 |
| 30 Jun 15 | 293 | -318 | 18 | 0 |
| 31 Mar 15 | 346 | -73 | 17 | 0 |
| 31 Dec 14 | 388 | 164 | 18 | 0 |
| 30 Sep 14 | 393 | 78 | 17 | 0 |
| 30 Jun 14 | 383 | 21 | 17 | 0 |
| 31 Mar 14 | 346 | 51 | 17 | 0 |
| 31 Dec 13 | 334 | 53 | 17 | 0 |
| 30 Sep 13 | 317 | 55 | 16 | 0 |
| 30 Jun 13 | 293 | 54 | 16 | 0 |
Quality Earnings: NOG has high quality earnings.
Growing Profit Margin: NOG's current net profit margins (32.4%) are lower than last year (71.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NOG has become profitable over the past 5 years, growing earnings by 44.7% per year.
Accelerating Growth: NOG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NOG had negative earnings growth (-54%) over the past year, making it difficult to compare to the Oil and Gas industry average (-22.4%).
Return on Equity
High ROE: NOG's Return on Equity (29.7%) is considered high.