NORTHERN OIL AND GAS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.48B | $2.23B | $2.17B | $1.57B | $496.9M | $552.2M | $472.4M |
| Cost of Revenue | — | $473.7M | $429.8M | $347.0M | $260.7M | $170.8M | $116.3M | $118.9M |
| Gross Profit | — | $2.00B | $1.80B | $1.82B | $1.31B | $326.1M | $435.9M | $353.5M |
| Gross Margin | — | 80.9% | 80.7% | 84.0% | 83.4% | 65.6% | 78.9% | 74.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $61.3M | $50.5M | $46.8M | $47.2M | $30.3M | $18.5M | $23.6M |
| Operating Income | — | $245.8M | $837.8M | $1.12B | $853.2M | $78.0M | $-841.2M | $55.5M |
| Operating Margin | — | 9.9% | 37.6% | 51.8% | 54.3% | 15.7% | -152.3% | 11.8% |
| Interest Expense | — | — | — | $135.7M | $80.3M | $59.0M | $58.5M | $79.2M |
| Pretax Income | — | $62.7M | $680.8M | $1.00B | $776.3M | $6.6M | $-906.2M | $-76.3M |
| Income Tax Expense | — | $23.9M | $160.5M | $77.8M | $3.1M | $233.0K | $-166.0K | $0 |
| Net Income | — | $38.8M | $520.3M | $923.0M | $773.2M | $6.4M | $-906.0M | $-76.3M |
| Net Margin | — | 1.6% | 23.4% | 42.6% | 49.2% | 1.3% | -164.1% | -16.2% |
| EPS (Basic) | — | $0.40 | $5.21 | $10.09 | $9.26 | $-0.13 | $-21.55 | $-2.00 |
| EPS (Diluted) | — | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 | $-21.55 | $-2.00 |
| Shares Outstanding (Basic) | 97.3M | 97.7M | 99.9M | 91.5M | 78.6M | 63.0M | 42.7M | 38.7M |
| Shares Outstanding (Diluted) | 97.3M | 99.3M | 101.3M | 92.1M | 86.7M | 63.0M | 42.7M | 38.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |