Northern Oil & Gas Inc (NOG) - Net Assets
Based on the latest financial reports, Northern Oil & Gas Inc (NOG) has net assets worth $2.00 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.83 Billion) and total liabilities ($3.83 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. Check strategic asset allocation of Northern Oil & Gas Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.00 Billion |
| % of Total Assets | 34.24% |
| Annual Growth Rate | 30.39% |
| 5-Year Change | 888.38% |
| 10-Year Change | N/A |
| Growth Volatility | 118.55 |
Northern Oil & Gas Inc - Net Assets Trend (2007–2025)
This chart illustrates how Northern Oil & Gas Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see NOG market cap overview.
Annual Net Assets for Northern Oil & Gas Inc (2007–2025)
The table below shows the annual net assets of Northern Oil & Gas Inc from 2007 to 2025. Also explore Northern Oil & Gas Inc equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.13 Billion | -8.36% |
| 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 48332050000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $481.28 Million | 22.63% |
| Common Stock | $499.00K | 0.02% |
| Other Components | $1.64 Billion | 77.34% |
| Total Equity | $2.13 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 |
|---|---|
|
Lakala Payment Co Ltd
SHE:300773
|
$2.35 Billion |
|
Ambu A/S
CO:AMBU-B
|
$2.35 Billion |
|
Sichuan Development Lomon Co Ltd
SHE:002312
|
$2.35 Billion |
|
Terna Energy Societe Anonyme Commercial Technical Company
AT:TENERGY
|
$2.35 Billion |
|
Clicks
JSE:CLS
|
$2.35 Billion |
|
Hamilton Insurance Group, Ltd.
NYSE:HG
|
$2.35 Billion |
|
Shanxi Meijin Energy Co Ltd
SHE:000723
|
$2.35 Billion |
|
RH
NYSE:RH
|
$2.34 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 2024 to 2025, total equity changed from 2,320,435,000 to 2,126,341,000, a change of -194,094,000 (-8.4%).
- Net income of 38,761,000 contributed positively to equity growth.
- Dividend payments of 173,404,000 reduced retained earnings.
- Share repurchases of 57,012,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $38.76 Million | +1.82% |
| Dividends Paid | $173.40 Million | -8.16% |
| Share Repurchases | $57.01 Million | -2.68% |
| Other Changes | $-2.44 Million | -0.11% |
| Total Change | $- | -8.36% |
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: 1.27x
- 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 | $27.12 | x |
| 2001-12-31 | $-0.03 | $27.12 | x |
| 2002-12-31 | $-0.04 | $27.12 | x |
| 2003-12-31 | $-0.06 | $27.12 | x |
| 2004-12-31 | $-0.18 | $27.12 | x |
| 2005-12-31 | $-0.13 | $27.12 | x |
| 2006-12-31 | $-0.02 | $27.12 | x |
| 2007-12-31 | $7.57 | $27.12 | x |
| 2008-12-31 | $15.15 | $27.12 | x |
| 2009-12-31 | $33.50 | $27.12 | x |
| 2010-12-31 | $85.73 | $27.12 | x |
| 2011-12-31 | $79.83 | $27.12 | x |
| 2012-12-31 | $93.24 | $27.12 | x |
| 2013-12-31 | $98.78 | $27.12 | x |
| 2014-12-31 | $126.66 | $27.12 | x |
| 2015-12-31 | $-32.58 | $27.12 | x |
| 2016-12-31 | $-79.68 | $27.12 | x |
| 2017-12-31 | $-78.65 | $27.12 | x |
| 2018-12-31 | $18.16 | $27.12 | x |
| 2019-12-31 | $14.43 | $27.12 | x |
| 2020-12-31 | $-5.22 | $27.12 | x |
| 2021-12-31 | $3.42 | $27.12 | x |
| 2022-12-31 | $8.60 | $27.12 | x |
| 2023-12-31 | $22.24 | $27.12 | x |
| 2024-12-31 | $22.91 | $27.12 | x |
| 2025-12-31 | $21.41 | $27.12 | 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): 1.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.85%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.54x
- Recent ROE (1.82%) is below the historical average (8.88%), suggesting potential challenges in 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 |
| 2025 | 1.82% | 1.85% | 0.39x | 2.54x | $-173.87 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: $2,076,586,730
- Average return on equity (ROE) among peers: -38.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northern Oil & Gas Inc (NOG) | $2.00 Billion | 0.00% | 1.92x | $2.35 Billion |
| Amplify Energy Corp (AMPY) | $434.21 Million | -8.11% | 1.02x | $199.55 Million |
| AleAnna, Inc. Class A Common Stock (ANNA) | $1.22 Million | -424.63% | 26.72x | $105.31 Million |
| APA Corporation (APA) | $10.54 Billion | 24.89% | 0.83x | $15.26 Billion |
| Antero Resources Corp (AR) | $6.09 Billion | -20.82% | 1.16x | $11.63 Billion |
| Battalion Oil Corp (BATL) | $1.07 Billion | 49.97% | 0.53x | $31.10 Million |
| BKV Corporation (BKV) | $1.20 Billion | 34.29% | 1.26x | $2.66 Billion |
| Barnwell Industries Inc (BRN) | $36.34 Million | 16.59% | 1.34x | $15.66 Million |
| Berry Petroleum Corp (BRY) | $153.15 Million | 14.32% | 0.52x | $253.00 Million |
| Big Sky Industrial Inc. (BSIN) | $24.20 Million | -105.92% | 1.05x | $83.99 Million |
| Black Stone Minerals LP (BSM) | $1.22 Billion | 34.71% | 0.04x | $3.00 Billion |
About 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. Northern Oil and Gas, Inc. was founded in 2006 and is headquartered in Minnetonka, Minnesota.