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Northern Oil And Gas Inc   (NOG)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

NOG's Operating Income Growth by Quarter and Year

Northern Oil And Gas Inc 's Operating Income results by quarter and year




NOG Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 484.04 167.54 190.29 -128.76
III Quarter September 42.44 604.64 26.96 -218.65
II Quarter June 234.79 270.10 -74.92 -884.71
I Quarter March 360.59 -189.08 -64.37 390.88
FY   1,121.86 853.20 77.96 -841.24



NOG Operating Income fourth quarter 2023 Y/Y Growth Comment
Northern Oil And Gas Inc achieved in the fourth quarter 2023, above Company average Operating Income surge of 188.91% year on year, to $ 484.04 millions.

Looking into fourth quarter 2023 results within Oil And Gas Production industry 12 other companies have achieved higher Operating Income growth. While Northern Oil And Gas Inc ' s Operating Income doubling of 188.91% ranks overall at the positon no. 777 in the fourth quarter 2023.

Explain Operating Income growth


NOG Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 188.91 % -11.96 % - -
III Quarter September -92.98 % 2142.73 % - -
II Quarter June -13.07 % - - -
I Quarter March - - - -
FY   31.49 % 994.41 % - -

Financial Statements
Northern Oil And Gas Inc 's fourth quarter 2023 Operating Income $ 484.04 millions NOG's Income Statement
Northern Oil And Gas Inc 's fourth quarter 2022 Operating Income $ 167.54 millions Quarterly NOG's Income Statement
New: More NOG's historic Operating Income Growth >>


NOG Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 1040.54 % -72.29 % 605.82 % -
III Quarter September -81.92 % 123.86 % - -
II Quarter June -34.89 % - - -
I Quarter March 115.23 % - - -
FY (Year on Year)   31.49 % 994.41 % - -




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #13
Energy Sector #20
Overall #777

Operating Income Y/Y Growth Statistics
High Average Low
994.41 % 20.8 % -1615.51 %
(Dec 31 2022)   (Dec 31 2020)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry #13
Energy Sector #20
Overall #777
Operating Income Y/Y Growth Statistics
High Average Low
994.41 % 20.8 % -1615.51 %
(Dec 31 2022)   (Dec 31 2020)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Northern Oil And Gas Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
3177.64 % 338.36 % -98.07 %
(Sep 30 2014)  


NOG's IV. Quarter Q/Q Operating Income Comment
Northern Oil And Gas Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income doubling of 1040.54%, to $ 484.04 millions, from $42.44 millions in the third quarter.
NOG is undergoing a remarkable growth, not only claiming above regular gain, and also increasing speed.

Within Oil And Gas Production industry 2 other companies have achieved higher Operating Income quarter on quarter growth. While Northern Oil And Gas Inc 's Operating Income growth quarter on quarter, overall rank is 16.


Operating Income Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #3
Energy Sector #3
Overall #16
Operating Income Q/Q Growth Company Ranking
Within: No.
Oil And Gas Production Industry #3
Energy Sector #3
Overall #16
Operating Income Q/Q Growth Statistics
High Average Low
3177.64 % 338.36 % -98.07 %
(Sep 30 2014)  


NOG's IV. Quarter Q/Q Operating Income Comment
Northern Oil And Gas Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income doubling of 1040.54%, to $ 484.04 millions, from $42.44 millions in the third quarter.
Northern Oil And Gas Inc is undergoing a remarkable growth, not only reporting higher then normal growth, and also improving pace, Kaylee Lee, a business veteran located in Houston mentioned.

Within Oil And Gas Production industry 2 other companies have achieved higher Operating Income quarter on quarter growth. While Northern Oil And Gas Inc 's Operating Income growth quarter on quarter, overall rank is 16.


Northern Oil And Gas Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 1,121.86 $ 805.35 $ 1,367.55 $ 1,402.87 $ 853.19
Y / Y Operating Income Growth (TTM) 31.49 % -8.06 % 358.49 % - 994.41 %
Year on Year Operating Income Growth Overall Ranking # 7 # 11 # 12 # 21 # 12
Seqeuential Operating Income Change (TTM) 39.3 % -41.11 % -2.52 % 64.43 % -2.6 %
Seq. Operating Income Growth (TTM) Overall Ranking # 777 # 50 # 59 # 139 # 91




Cumulative Operating Income growth Comment
Northern Oil And Gas Inc saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 31.49% year on year, to $ 1,122 millions if the fiscal year would have ended in Dec 31 2023.
Northern Oil And Gas Inc 's trailing twelve months Operating Income growth was higher than company's average 20.8% and higher than -8.06% growth in Sep 30 2023.
The progress was even more impressive sequentially exhibited at 39.3 % increase from $805.35 millions in twelve months ending a quarter before.

Northern Oil And Gas Inc achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 7, from total ranking in previous quarter at 11.

Operating Income TTM Q/Q Growth Statistics
High Average Low
994.41 %
20.8 %
-1615.51 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 13
Energy Sector # 0
Overall # 7

Operating Income TTM Y/Y Growth Statistics
High Average Low
994.41 %
20.8 %
-1615.51 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 20
S&P 500 # 777
Cumulative Operating Income growth Comment
Northern Oil And Gas Inc saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 31.49% year on year, to $ 1,122 millions if the fiscal year would have ended in Dec 31 2023.
Northern Oil And Gas Inc 's trailing twelve months Operating Income growth was higher than company's average 20.8% and higher than -8.06% growth in Sep 30 2023.
The growth was even higher sequentially clinched at 39.3 % jump from $805.35 millions in twelve months ending a quarter before.

Northern Oil And Gas Inc achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 7, from total ranking in previous quarter at 11.

Operating Income TTM Q/Q Growth Statistics
High Average Low
994.41 %
20.8 %
-1615.51 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil And Gas Production Industry # 13
Energy Sector # 0
Overall # 7

Operating Income TTM Y/Y Growth Statistics
High Average Low
994.41 %
20.8 %
-1615.51 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 20
S&P 500 # 777




Other Operating Income Growth
Oil And Gas Production Industry Operating Income Growth Trends and Statistics
Energy Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
NOG's Operating Income Growth Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for NOG's Competitors
Operating Income Growth for Northern Oil And Gas Inc 's Suppliers
Operating Income Growth for NOG's Customers

You may also want to know
NOG's Annual Growth Rates NOG's Profitability Ratios NOG's Asset Turnover Ratio NOG's Dividend Growth
NOG's Roe NOG's Valuation Ratios NOG's Financial Strength Ratios NOG's Dividend Payout Ratio
NOG's Roa NOG's Inventory Turnover Ratio NOG's Growth Rates NOG's Dividend Comparisons



Companies with similar Operating Income doubling for the quarter ending Dec 31 2023 within Energy SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Helix Energy Solutions Group inc 246.87%$ 246.865 millions
Vaalco Energy Inc234.13%$ 234.127 millions
Northern Oil And Gas Inc 188.92%$ 188.921 millions
California Resources Corp114.39%$ 114.394 millions
Ramaco Resources Inc 105.57%$ 105.568 millions




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