Northern Oil & Gas Inc
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company was founded in 2006 and is headquartered in Minnetonka, Minnesota.
Northern Oil & Gas Inc (NOG) - Net Assets
Latest net assets as of September 2025: $2.24 Billion USD
Based on the latest financial reports, Northern Oil & Gas Inc (NOG) has net assets worth $2.24 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.49 Billion) and total liabilities ($3.25 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.24 Billion |
| % of Total Assets | 40.85% |
| Annual Growth Rate | 33.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 121.48 |
Northern Oil & Gas Inc - Net Assets Trend (2007–2024)
This chart illustrates how Northern Oil & Gas Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northern Oil & Gas Inc (2007–2024)
The table below shows the annual net assets of Northern Oil & Gas Inc from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.32 Billion | +13.32% |
| 2023-12-31 | $2.05 Billion | +174.76% |
| 2022-12-31 | $745.26 Million | +246.42% |
| 2021-12-31 | $215.13 Million | +196.34% |
| 2020-12-31 | $-223.30 Million | -139.97% |
| 2019-12-31 | $558.64 Million | +29.96% |
| 2018-12-31 | $429.86 Million | +187.58% |
| 2017-12-31 | $-490.84 Million | -0.70% |
| 2016-12-31 | $-487.42 Million | -146.67% |
| 2015-12-31 | $-197.60 Million | -125.63% |
| 2014-12-31 | $770.86 Million | +24.37% |
| 2013-12-31 | $619.83 Million | +5.74% |
| 2012-12-31 | $586.19 Million | +18.05% |
| 2011-12-31 | $496.57 Million | +14.06% |
| 2010-12-31 | $435.36 Million | +252.35% |
| 2009-12-31 | $123.56 Million | +149.79% |
| 2008-12-31 | $49.46 Million | +176.23% |
| 2007-12-31 | $17.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northern Oil & Gas Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 44455950000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $442.52 Million | 19.07% |
| Common Stock | $501.00K | 0.02% |
| Other Components | $1.88 Billion | 80.91% |
| Total Equity | $2.32 Billion | 100.00% |
Northern Oil & Gas Inc Competitors by Market Cap
The table below lists competitors of Northern Oil & Gas Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loomis AB ser. B
ST:LOOMIS
|
$2.53 Billion |
|
SIASUN Robot Automation Co
SHE:300024
|
$2.53 Billion |
|
Ero Copper Corp
NYSE:ERO
|
$2.53 Billion |
|
Advanced Fiber Resources Zhuhai Ltd
SHE:300620
|
$2.53 Billion |
|
Shanghai Xinmei Real Estate Co Ltd Class A
SHG:600732
|
$2.52 Billion |
|
Incitec Pivot Limited
PINK:ICPVF
|
$2.52 Billion |
|
Sendas Distribuidora S.A.
PINK:ASAIY
|
$2.52 Billion |
|
Mandatum Oyj
PINK:MANDF
|
$2.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northern Oil & Gas Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,047,676,000 to 2,320,435,000, a change of 272,759,000 (13.3%).
- Net income of 520,308,000 contributed positively to equity growth.
- Dividend payments of 161,969,000 reduced retained earnings.
- Share repurchases of 94,497,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $520.31 Million | +22.42% |
| Dividends Paid | $161.97 Million | -6.98% |
| Share Repurchases | $94.50 Million | -4.07% |
| Other Changes | $8.92 Million | +0.38% |
| Total Change | $- | 13.32% |
Book Value vs Market Value Analysis
This analysis compares Northern Oil & Gas Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $-0.02 | $27.40 | x |
| 2001-12-31 | $-0.03 | $27.40 | x |
| 2002-12-31 | $-0.04 | $27.40 | x |
| 2003-12-31 | $-0.06 | $27.40 | x |
| 2004-12-31 | $-0.18 | $27.40 | x |
| 2005-12-31 | $-0.13 | $27.40 | x |
| 2006-12-31 | $-0.02 | $27.40 | x |
| 2007-12-31 | $7.57 | $27.40 | x |
| 2008-12-31 | $15.15 | $27.40 | x |
| 2009-12-31 | $33.50 | $27.40 | x |
| 2010-12-31 | $85.73 | $27.40 | x |
| 2011-12-31 | $79.83 | $27.40 | x |
| 2012-12-31 | $93.24 | $27.40 | x |
| 2013-12-31 | $98.78 | $27.40 | x |
| 2014-12-31 | $126.66 | $27.40 | x |
| 2015-12-31 | $-32.58 | $27.40 | x |
| 2016-12-31 | $-79.68 | $27.40 | x |
| 2017-12-31 | $-78.65 | $27.40 | x |
| 2018-12-31 | $18.16 | $27.40 | x |
| 2019-12-31 | $14.43 | $27.40 | x |
| 2020-12-31 | $-5.22 | $27.40 | x |
| 2021-12-31 | $3.42 | $27.40 | x |
| 2022-12-31 | $8.60 | $27.40 | x |
| 2023-12-31 | $22.24 | $27.40 | x |
| 2024-12-31 | $22.91 | $27.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northern Oil & Gas Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.05%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.41x
- Recent ROE (22.42%) is above the historical average (9.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.39K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.94K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.95K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.53K |
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-25.73K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $15.81K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.90K |
| 2007 | -24.04% | 0.00% | 0.00x | 1.01x | $-6.10 Million |
| 2008 | 4.90% | 68.42% | 0.06x | 1.27x | $-2.52 Million |
| 2009 | 2.27% | 19.68% | 0.10x | 1.10x | $-9.56 Million |
| 2010 | 1.59% | 11.61% | 0.12x | 1.17x | $-36.62 Million |
| 2011 | 8.18% | 25.43% | 0.22x | 1.46x | $-9.05 Million |
| 2012 | 12.33% | 24.35% | 0.25x | 2.03x | $13.67 Million |
| 2013 | 8.56% | 14.37% | 0.24x | 2.45x | $-8.92 Million |
| 2014 | 21.24% | 37.94% | 0.21x | 2.63x | $86.66 Million |
| 2015 | 0.00% | -481.24% | 0.28x | 0.00x | $-955.59 Million |
| 2016 | 0.00% | -183.75% | 0.37x | 0.00x | $-244.75 Million |
| 2017 | 0.00% | -4.10% | 0.35x | 0.00x | $39.89 Million |
| 2018 | 33.43% | 29.09% | 0.33x | 3.50x | $100.70 Million |
| 2019 | -13.66% | -12.69% | 0.32x | 3.41x | $-132.18 Million |
| 2020 | 0.00% | -279.58% | 0.37x | 0.00x | $-883.71 Million |
| 2021 | 2.96% | 0.65% | 0.64x | 7.08x | $-15.15 Million |
| 2022 | 103.75% | 38.94% | 0.69x | 3.86x | $698.71 Million |
| 2023 | 45.07% | 48.40% | 0.43x | 2.19x | $718.20 Million |
| 2024 | 22.42% | 24.05% | 0.39x | 2.41x | $288.26 Million |
Industry Comparison
This section compares Northern Oil & Gas Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,645,633,110
- Average return on equity (ROE) among peers: 4.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northern Oil & Gas Inc (NOG) | $2.24 Billion | 0.00% | 1.45x | $2.53 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.09 Billion | 1.43% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $9.63 Million | -5.93% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $2.79 Billion | -19.61% | 0.78x | $10.30 Billion |
| Aminex PLC (AEXFF) | $20.47 Million | 6.02% | 0.33x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.43 Billion | 12.90% | 2.02x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $13.10 Million | -11.45% | 0.01x | $4.92K |
| Allied Resources Inc (ALOD) | $3.69 Million | 0.65% | 0.05x | $428.76K |
| Altex Industries Inc (ALTX) | $3.22 Million | -10.59% | 0.04x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $88.21 Million | 32.34% | 0.25x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $5.59 Million | 38.29% | 0.11x | $5.00 Million |