Northern Historical Income Statement
| NOG Stock | USD 43.46 0.33 0.77% |
Historical analysis of Northern Oil income statement accounts such as Operating Income of 1.2 B 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.
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.
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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
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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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Northern Oil income statement and is an important metric when analyzing Northern Oil Gas profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.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.Cost Of Revenue
Cost of Revenue is found on Northern Oil Gas income statement and represents the costs associated with goods and services Northern Oil provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.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 closely tied 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 1.2 B, while Total Other Income Expense Net is projected to decrease to (127.2 M).
| 2023 | 2024 (projected) | Extraordinary Items | 720K | 640K | Reconciled Depreciation | 412.2M | 213.1M |
Northern Oil income statement Correlations
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Northern Oil income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 80.7M | 58.5M | 59.0M | 80.3M | 135.7M | 142.4M | |
| Selling General Administrative | 23.6M | 18.5M | 30.3M | 47.2M | 46.8M | 49.1M | |
| Other Operating Expenses | 410.5M | 326.8M | 418.9M | 717.3M | 785.1M | 824.4M | |
| Operating Income | (19.3M) | (2.7M) | 415.3M | 853.2M | 1.1B | 1.2B | |
| Ebit | (19.3M) | (847.7M) | 65.6M | 856.7M | 1.1B | 1.2B | |
| Ebitda | 190.9M | (685.6M) | 206.4M | 1.1B | 1.6B | 1.7B | |
| Total Operating Expenses | 23.6M | 18.5M | 30.3M | 47.2M | (208.0M) | (197.6M) | |
| Income Before Tax | (76.3M) | (906.2M) | 6.6M | 776.3M | 1.0B | 1.1B | |
| Net Income | 53.0M | (906.0M) | 6.4M | 773.2M | 923.0M | 969.1M | |
| Depreciation And Amortization | 210.2M | 162.1M | 140.8M | 251.3M | 486.0M | 510.3M | |
| Total Other Income Expense Net | (57.0M) | (65.0M) | (71.4M) | (76.9M) | (121.1M) | (127.2M) | |
| Income Tax Expense | (129.4M) | (166K) | 233K | 3.1M | 77.8M | 81.7M | |
| Total Revenue | 601.2M | 324.1M | 975.1M | 2.0B | 1.9B | 2.0B | |
| Gross Profit | 214.4M | 15.8M | 586.5M | 1.3B | 913.9M | 959.6M | |
| Cost Of Revenue | 386.9M | 308.2M | 388.6M | 670.1M | 993.1M | 1.0B | |
| Net Income Applicable To Common Shares | (77.3M) | (921.3M) | (8.4M) | 727.7M | 654.9M | 687.7M | |
| Net Income From Continuing Ops | (76.3M) | (906.0M) | 6.4M | 773.2M | 679.2M | 713.1M | |
| Interest Income | 79.3M | 59.5M | 58.0M | 79.3M | 91.2M | 76.6M | |
| Net Interest Income | (80.7M) | (58.5M) | (59.0M) | (80.3M) | (123.0M) | (129.1M) | |
| Reconciled Depreciation | 210.2M | 162.1M | 140.8M | 251.3M | 412.2M | 213.1M |
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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 closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Oil & Gas Exploration & Production space 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 9.571 | Dividend Share 1.62 | Earnings Share 8.48 | Revenue Per Share 20.025 | Quarterly Revenue Growth 0.062 |
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.