Northern Oil and Gas Inc (N:NOG)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4350 Baker Road, Suite 400 MINNETONKA MN 55343 |
| Tel: | 1-952-4769800 |
| Website: | https://www.northernoil.com |
| IR: | See website |
| Key People | ||
| Adam A. Dirlam President | Nicholas L. O'grady Chief Executive Officer | Chad W. Allen Chief Financial Officer | Erik J. Romslo Secretary, Chief Legal Officer |
| Business Overview |
| Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Northern Oil and Gas Inc revenues increased 38% to $2.17B. Net income applicable to common stockholders increased 27% to $923M. Revenues reflect Crude Oil Production, Total increase of 37% to 22M barrels, Oil Equivalent Production (Units/day) increase of 31% to 99K barrels per day, Gain on Derivative Instruments, Net increase from -$415.3M to $259.3M. Dividend per share increased from $0.88 to $1.49. |
| Employees: | 38 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,122M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,166M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,620M as of Dec 31, 2023 |
| Net annual income (TTM): | $922.97M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$785.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,827M as of Dec 31, 2023 |
| Shares outstanding: | 101,044,071 as of Mar 25, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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