Northern Oil and Gas, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $560.8M | $396.3M | $793.5M | $314.0M | $476.6M | $582.2M | $370.4M | $791.6M |
| Cost of Revenue | $100.9M | $105.4M | $102.1M | $82.5M | $84.4M | $78.1M | $73.0M | $68.5M |
| Gross Profit | $459.9M | $290.9M | $691.5M | $231.5M | $392.2M | $504.1M | $297.4M | $723.2M |
| Gross Margin | 82.0% | 73.4% | 87.1% | 73.7% | 82.3% | 86.6% | 80.3% | 91.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $13.5M | $11.4M | $9.6M | $11.8M | $12.4M | $13.0M | $15.0M | $10.3M |
| Operating Income | $218.9M | $52.3M | $484.0M | $42.4M | $234.8M | $360.6M | $167.5M | $604.6M |
| Operating Margin | 39.0% | 13.2% | 61.0% | 13.5% | 49.3% | 61.9% | 45.2% | 76.4% |
| Interest Expense | — | $37.9M | $36.5M | $37.0M | $32.0M | $30.1M | $23.8M | $20.1M |
| Pretax Income | $181.3M | $14.5M | $447.6M | $5.4M | $206.8M | $340.9M | $145.0M | $584.8M |
| Income Tax Expense | $42.7M | $2.8M | $58.8M | $-20.7M | $39.0M | $692.0K | $-27.0K | $1.3M |
| Net Income | $138.6M | $11.6M | $388.9M | $26.1M | $167.8M | $340.2M | $145.1M | $583.5M |
| Net Margin | 24.7% | 2.9% | 49.0% | 8.3% | 35.2% | 58.4% | 39.2% | 73.7% |
| EPS (Basic) | $1.38 | $0.12 | $3.91 | $0.28 | $1.89 | $4.01 | $1.71 | $7.39 |
| EPS (Diluted) | $1.36 | $0.11 | $3.89 | $0.28 | $1.88 | $3.98 | $2.33 | $6.77 |
| Shares Outstanding (Basic) | 100.3M | 100.4M | 91.5M | 92.8M | 88.8M | 84.9M | 78.6M | 78.6M |
| Shares Outstanding (Diluted) | 102.0M | 101.6M | 92.1M | 93.7M | 89.1M | 85.4M | 86.7M | 86.1M |
| Dividends Per Share | $0.40 | $0.40 | — | — | — | — | — | $0.05 |