Company Quick10K Filing
Northern Oil & Gas
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-03-12
10-Q 2019-09-30 Filed 2019-11-12
10-Q 2019-06-30 Filed 2019-08-05
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-18
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-07
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-03-02
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-03-03
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-02-27
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-07
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-07
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-04
10-Q 2010-11-08 Filed 2010-11-08
10-Q 2010-08-09 Filed 2010-08-09
10-Q 2010-05-06 Filed 2010-05-06
10-K 2009-12-31 Filed 2010-03-08
8-K 2020-05-11 Earnings, Exhibits
8-K 2020-05-04 Sale of Shares, Other Events
8-K 2020-03-16
8-K 2020-03-12 Earnings, Exhibits
8-K 2020-02-20 Enter Agreement, Exhibits
8-K 2020-01-15 Other Events, Exhibits
8-K 2020-01-15 Enter Agreement, Sale of Shares, Amend Bylaw, Exhibits
8-K 2019-12-30 Enter Agreement, Sale of Shares, Amend Bylaw, Exhibits
8-K 2019-12-17 Regulation FD, Exhibits
8-K 2019-11-21 Enter Agreement, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2019-11-08 Enter Agreement, Earnings, Exhibits
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-10-22 Enter Agreement, Other Events, Exhibits
8-K 2019-09-04 Officers, Regulation FD, Exhibits
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-07-31 Officers, Regulation FD, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-07-16
8-K 2019-07-01 Enter Agreement, M&A, Off-BS Arrangement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-06-28 Regulation FD
8-K 2019-06-03 Sale of Shares
8-K 2019-05-23
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-04-18 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-03-12 Earnings, Exhibits
8-K 2019-03-07 Earnings, Exhibits
8-K 2019-02-28 Other Events
8-K 2019-01-22 Earnings, Exhibits
8-K 2018-12-31 Enter Agreement, Exhibits
8-K 2018-12-12 Regulation FD, Other Events, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-10-05 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-09-25 Enter Agreement, M&A, Sale of Shares, Regulation FD, Exhibits
8-K 2018-09-21 Enter Agreement, Exhibits
8-K 2018-09-21 Other Events, Exhibits
8-K 2018-09-19 Regulation FD, Exhibits
8-K 2018-09-14 Enter Agreement, M&A, Sale of Shares, Regulation FD, Exhibits
8-K 2018-09-11 Regulation FD, Exhibits
8-K 2018-08-23 Officers, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-08-07 Other Events, Exhibits
8-K 2018-08-06 Earnings, Sale of Shares, Exhibits
8-K 2018-07-27 Enter Agreement, Earnings, Sale of Shares, Regulation FD, Exhibits
8-K 2018-07-17 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-07-09 Accountant
8-K 2018-07-05 Officers, Regulation FD, Exhibits
8-K 2018-06-20 Sale of Shares
8-K 2018-06-18 Sale of Shares
8-K 2018-06-12 Sale of Shares, Other Events
8-K 2018-06-04 Other Events, Exhibits
8-K 2018-06-01 Accountant, Officers, Exhibits
8-K 2018-05-24 Officers, Exhibits
8-K 2018-05-15 Enter Agreement, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2018-05-09 Shareholder Rights, Amend Bylaw, Exhibits
8-K 2018-05-08 Shareholder Vote
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-04-26 Regulation FD, Exhibits
8-K 2018-04-05 Other Events, Exhibits
8-K 2018-04-02 Enter Agreement, Exhibits
8-K 2018-03-20 Enter Agreement, Exhibits
8-K 2018-03-18 Sale of Shares
8-K 2018-03-18 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-02-26 Regulation FD, Exhibits
8-K 2018-02-22 Earnings, Exhibits
8-K 2018-01-31 Enter Agreement, Earnings, Sale of Shares, Officers, Regulation FD, Exhibits

Northern Oil & Gas Financials

NOG Metrics, Comps, Filings

Quarterly | Annual

Business

We are an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. We believe the location, size and concentration of our acreage position in one of North America's leading unconventional oil-resource plays provide us with drilling and development opportunities that will result in significant long-term value.

Our primary focus is acquiring and participating in the development of non-operated working interests in oil wells in the Williston Basin. As a non-operator, we are able to diversify our investment exposure by participating in a large number of gross wells, as well as entering into additional project areas by partnering with numerous experienced operating partners or pursuing value-enhancing acquisitions. In addition, because we can elect to participate on a well-by-well basis, we believe we have increased flexibility in the timing and amount of our capital expenditures because we are not burdened with various contractual arrangements with respect to minimum drilling obligations. Further, we are able to avoid exploratory and infrastructure costs incurred by many oil and gas producers.

We seek to create value through strategic acquisitions and partnering with operators who have experience in developing and producing oil in our core areas. We have more than 40 experienced operating partners that provide technical insights and opportunities for acquisitions. Historically, our core acquisition strategy has been to seek to acquire smaller lease positions at a significant discount to the contiguous acreage positions typically sought by larger producers and operators of oil wells. Such acquisitions, including wellbore acquisitions, have been a significant driver of our historical net well additions and additions to production.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
QEP Resources (QEP) 1,037 0% -9.1 -11% 5,571 335 604 0 -616 -325 2,945
Antero Resources (AR) 1,037 0% 4.6 1% 16,120 8,674 4,579 0 208 1,037 4,741
Callon Petroleum (CPE) 1,017 0% 4.8 6% 4,017 1,548 637 0 248 463 2,206
Pacific Drilling (PACD) 975 0% 149.2 -1% 2,748 1,129 28 0 -27 11 1,626
Seadrill (SDRL) 948 0% 10,848 7,775 0 0 0 0 6,031
Talos Energy (TALO) 911 0% 2.2 14% 2,612 1,537 953 0 365 687 1,532
Berry Petroleum (BRY) 839 0% 7.3 3% 1,766 768 506 0 51 172 1,249
Geopark (GPRK) 832 0% 863 720 0 0 0 0 832
Carrizo Oil & Gas (CRZO) 827 0% 3.7 17% 3,690 2,164 1,028 0 627 695 2,580
Diamond Offshore Drilling (DO) 803 0% -8.3 -6% 5,871 2,566 937 0 -362 -308 2,569
Northern Oil & Gas (NOG) 801 39% 6.3 13% 1,902 1,388 857 330 250 309 1,944
Whiting Petroleum (WLL) 726 0% 5.7 -1% 7,775 3,605 1,192 0 -94 639 3,610
Nabors (NBR) 690 27% -11.2 -8% 7,273 4,512 3,121 846 -562 -341 3,837
Denbury Resources (DNR) 668 0% 5.9 4% 4,754 3,408 964 0 194 517 3,044
Dorchester Minerals (DMLP) 650 92% 12.5 33% 124 6 59 54 40 50 628
W&T Offshore (WTI) 632 0% 7.3 20% 1,027 1,285 526 0 203 179 1,309
Laredo Petroleum (LPI) 616 0% 5.4 2% 2,278 1,198 834 0 49 292 1,569
Nextdecade (NEXT) 597 -27.0 -13% 170 33 0 0 -22 -22 593
Bonanza Creek Energy (BCEI) 517 0% 9.1 0% 1,200 262 300 0 0 56 509
California Resources (CRC) 509 0% 11.4 2% 7,035 7,343 2,024 0 124 481 5,483

Balance Sheet ($MM)2011-06-302011-09-302012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash7784258138181268148967734436647102892011132432
Accounts Receivable3645616679707670928782918986798291583041333634363947516890969188103
Inventory
PP&E4565508621,0401,1591,2451,3461,4451,5631,6831,7991,9552,0792,2202,2652,2982,3252,3492,3672,3832,3992,4322,4592,4902,5312,5882,6442,7573,0043,4373,5203,6184,057
Assets5555968701,0741,1351,1911,2641,3531,4531,5201,5981,7341,7972,0271,6411,3391,0017345734654104324494814946326648831,0691,5041,3961,4941,902
Accounts Payable56531151431229611910814616916921822023216211699656359485664728193959212213515493113
Long-Term Debt8468868688488158308188428328548551,0001,0008548078358448611,145
Liabilities941013605155706056677298529009851,1251,1281,2561,0981,0451,0309328968958869199199379651,1231,1531,0311,0581,0741,0831,1051,388
Stockholders' Equity462494510558565586597623601620613609668771543294-28-198-323-430-476-487-470-455-471-491-489-14811430313390514
Income Statement ($MM)2011-06-302011-09-302012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue5169511196082689670102827518125876411015732324536666542376767102443-7186234
Cost of Revenue1518252632
Gross Profit5284-32160202
R&D
SG&A34549444454455445645244483235654
Tax1317629006151114035633-67-0-0000-10000000-0000
Net Income20299440209342177058104-230-250-323-172-127-109-46-121714-16-243-9719218-1074494
Cash Flow ($MM)2011-06-302011-09-302012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating14394751625654585473566567456372553394300367461863999971
Cash Investing-98-145-139-136-112-76-110-82-90-119-110-132-110-78-45-56-20-18-28-25-20-22-33-44-58-102-150-78-113-227
Cash Financing151041136856156618304960684034-18-20-3414-1224-10210132-0195-0-1913155