Today Northern Oil and Gas (NOG) filed its 8-K form with the SEC, as its shares moved -1.5% to a price of $36.0. The complete filing is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $679 | $472 | $552 | $497 | $1,571 | $1,743 |
| Revenue Growth | n/a | -30.42% | 16.89% | -10.02% | 216.07% | 10.99% |
| Operating Margins | 64% | 12% | -152% | 16% | 54% | 46% |
| Net Margins | 21% | -16% | -164% | 1% | 49% | 39% |
| Net Income (MM) | $144 | -$76 | -$906 | $6 | $773 | $679 |
| Net Interest Expense (MM) | $86 | $79 | $59 | $59 | $80 | $123 |
| Depreciation & Amort. (MM) | $120 | $210 | $162 | $141 | $251 | $412 |
| Earnings Per Share | $6.07 | -$2 | -$21.55 | -$0.13 | $8.92 | $8.47 |
| Diluted Shares (MM) | 24 | 39 | 43 | 63 | 87 | 94 |
| Free Cash Flow (MM) | $244 | $339 | $331 | $396 | $924 | $1,128 |
| Capital Expenditures (MM) | $0 | $1 | $0 | $1 | $5 | $1 |
| Current Ratio | 0.99 | 0.65 | 0.69 | 0.66 | 0.93 | 0.78 |
| Total Debt (MM) | $830 | $1,118 | $1,010 | $803 | $1,525 | $2,057 |
| Net Debt / EBITDA | 1.5 | 4.15 | -1.48 | 3.63 | 1.38 | 1.68 |
Northern Oil and Gas has growing revenues and increasing reinvestment in the business, irregular cash flows, and healthy leverage. However, the firm suffers from weak operating margins with a negative growth trend and negative expected EPS Growth.
