NORTHERN OIL AND GAS, INC. NOG Income Statement

Northern oil and gas, inc. (NOG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
REVENUES
Gain (Loss) on Commodity Derivatives, Net
376,581	-	-	-	-139,623	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue
-	-	-	-	-	-	-	-	-	-	-	-	7	-	8	9	5	8	9	9	7	3	2	3	0	6	1	27	8	18	12	64	84	66	88	104	25	15	11
Total Revenues
506,785	59,013	233,883	186,440	-6,934	443,196	102,269	66,846	66,613	37,002	41,598	64,901	65,816	35,943	45,109	32,014	31,836	56,913	101,156	40,863	76,124	257,521	180,777	74,602	82,125	101,929	69,784	96,161	67,898	81,746	60,095	119,207	50,522	26,986	69,050	50,826	2,526	9,883	16,231
OPERATING EXPENSES
Production Expenses
37,335	35,754	32,347	26,132	24,666	21,448	18,161	14,549	12,488	-	12,605	12,137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production Expenses
-	-	-	-	-	-	-	-	-	-	-	-	11,674	-	10,920	11,081	11,959	11,776	12,567	13,564	14,199	16,267	14,717	13,033	11,677	11,348	11,471	10,397	8,641	9,842	8,734	7,292	6,513	4,500	3,910	2,615	2,016	1,084	561
Production Taxes
11,896	15,826	15,391	14,034	12,520	13,669	13,579	10,132	7,922	6,638	5,064	4,439	4,461	4,480	4,045	4,220	2,766	4,233	5,048	6,871	5,413	9,600	12,068	12,213	9,791	9,655	9,931	7,561	7,811	7,655	8,092	6,658	6,078	4,112	4,261	3,311	2,615	1,604	1,024
General and Administrative Expense
4,871	8,117	4,206	5,250	6,051	4,976	4,674	3,251	1,667	3,076	7,985	4,317	3,608	3,735	2,098	4,586	4,337	5,817	4,614	4,256	4,352	4,924	4,698	3,980	3,997	4,507	4,164	3,915	3,988	4,076	9,467	4,419	4,681	3,510	4,073	2,749	3,290	1,624	1,911
Depletion, Depreciation, Amortization and Accretion
61,809	63,410	55,566	46,091	45,134	48,295	30,258	22,596	18,631	17,631	15,357	13,682	12,828	13,523	13,698	16,176	17,846	24,140	31,670	36,745	45,213	48,924	45,646	42,212	36,100	-	32,103	26,559	26,792	-	28,081	-	-	-	-	-	-	-	-
Impairment of Other Current Assets
-	-	5,275	2,694	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses
115,911	-	-	-	88,371	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Oil and Natural Gas Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	0	43,820	88,880	104,311	167,143	354,422	281,964	360,428	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depletion of Oil and Gas Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,519	18,309	-	10,749	8,349	6,863	3,767	2,600
Depreciation and Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	97	-	75	70	68	60	26
Accretion of Discount on Asset Retirement Obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	15	-	7	7	4	18	9
Total Operating Expenses
-	-	112,784	94,200	-	-	66,673	50,528	40,708	-	41,013	34,576	32,572	33,457	74,583	124,946	141,220	213,112	408,323	343,402	429,607	79,717	77,130	71,439	61,567	64,439	57,671	48,432	47,234	48,350	54,376	44,013	35,695	27,096	23,079	17,103	14,859	8,159	6,133
INCOME (LOSS) FROM OPERATIONS
390,875	-62,525	121,100	92,239	-95,305	354,808	35,597	16,318	25,905	-3,659	584	30,324	33,244	2,485	-29,473	-92,932	-109,384	-156,199	-307,167	-302,539	-353,482	177,804	103,646	3,162	20,558	37,490	12,113	47,729	20,664	33,396	5,719	75,193	14,827	-110	45,971	33,722	-12,332	1,724	10,098
OTHER INCOME (EXPENSE)
Interest Expense, Net of Capitalization
16,551	20,393	21,510	17,778	19,548	20,057	20,438	22,403	23,107	20,881	16,672	16,428	16,303	16,195	16,145	16,046	16,098	16,081	16,154	14,387	11,736	11,255	10,624	10,326	9,898	9,568	9,212	7,819	6,108	5,744	5,205	2,728	196	160	182	122	120	145	-
Oil, Natural Gas, and NGL Sales
-	-	-	-	-	-	-	-	-	-	-	-	48,848	-	41,719	42,527	28,367	39,340	49,779	63,064	50,454	94,455	119,191	121,155	96,802	99,160	107,232	79,623	83,171	80,369	80,690	70,439	65,139	53,235	43,680	35,481	27,041	15,541	11,664
Gain (Loss) on Derivative Instruments, Net
-	-	75,892	36,591	-	290,628	-43,148	-42,203	-20,271	-35,477	-12,663	16,513	16,960	-11,141	3,381	-10,522	3,463	17,563	51,366	-22,211	25,663	-	61,583	-46,556	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Settled Derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,817	-	-8,096	-498	-371	4,337	1,701	-1,094	-5,335	-2,712	-1,824	-5,608	-3,262	776	303
Gain (Loss) on Unsettled Interest Rate Derivatives, Net
-677	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,859	-	-29,353	17,009	-14,910	-2,978	-22,308	49,799	-9,364	-23,602	27,105	20,848	-21,278	-6,449	4,251
Write-off of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	0	95	-	0	0	0	1,089	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on Extinguishment of Debt
-5,527	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on the Extinguishment of Debt
-	-	0	-425	-	-	-9,542	-90,833	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Exchange Derivative Gain
0	-1	-23	-4,873	6,287	-13,661	13,063	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent Consideration Gain
0	-879	-5,262	-24,763	1,392	-28,968	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income
0	-	-	-	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income (Expense)
-	-	75	-1	-	-	299	371	167	-	0	0	0	-23	0	0	6	-32	1	0	0	1	13	2	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1	137	427	28	-
Gain (Loss) on Available for Sale Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-244	459	0	-
Total Other Income (Expense)
-22,755	-45,411	-26,719	-47,840	-11,857	-136,571	-16,618	-112,865	-22,940	-21,758	-16,672	-16,523	-16,303	-16,218	-16,145	-16,046	-17,181	-16,114	-16,152	-14,387	-11,736	-	-10,611	-10,324	-	-	-	-	-	-	-	-	-195	-	-180	-229	767	-117	-144
Other Income (Expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-267	-	-	-	-	-	-	-	-	-	-	-
Other (Expense) Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-169	-	0	-	0	0	-	-	-	-	-	-	-
Total Other Income (Expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,868	-	-9,382	-8,087	-6,107	-	-5,205	-2,727	-	-	-	-	-	-	-
INCOME (LOSS) BEFORE INCOME TAXES
368,120	-107,936	94,381	44,399	-107,162	218,237	18,979	-96,547	2,965	-25,418	-16,087	13,801	16,940	-13,732	-45,618	-108,978	-126,565	-172,313	-323,319	-316,927	-365,218	166,550	93,035	-7,162	10,689	27,905	2,730	39,641	14,556	27,675	513	72,466	14,631	-270	45,790	33,492	-11,565	1,607	9,953
INCOME TAX PROVISION (BENEFIT)
-166	0	0	0	0	-55	0	0	0	-1,570	0	0	0	-1,402	0	0	0	-0	-77	-66,866	-135,480	62,967	35,050	-2,750	4,100	10,505	1,028	14,630	5,604	8,123	213	28,840	5,825	1,110	17,173	13,060	-4,507	620	3,833
NET INCOME (LOSS)
368,286	-107,936	94,381	44,399	-107,162	218,292	18,979	-96,547	2,965	-23,848	-16,087	13,801	16,940	-12,330	-45,618	-108,978	-126,565	-172,313	-323,242	-250,060	-229,738	103,583	57,985	-4,412	6,589	17,400	1,702	25,011	8,951	19,552	300	43,626	8,805	-1,380	28,617	20,432	-7,057	987	6,120
Unrealized Gains on Marketable Securities (Net of Tax of $109,000 for the year ended December 31, 2011)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	630	-456	-	-
Reclassification of Derivative Instruments Included in Income (Net of Tax of $0, $39,000 and $448,000 for the years ended December 31, 2013, 2012 and 2011, respectively)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Reclassification of Derivative Instruments Included in Income (Net of Tax of $39,000 for the Six Months ended June 30,2012,)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Total Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-
Reclassification of Derivative Instruments Included in Income (Net of Tax of $39,000 for the three months ended March 31, 2012)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-62	-	-176	172	169	-	-
Total Other Comprehensive Income (Loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	-	176	803	-287	-	-
COMPREHENSIVE INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,702	25,011	8,951	19,552	300	43,626	8,868	-1,189	28,794	21,236	-7,345	-	-
Net Income (Loss) Per Common Share - Basic (in dollars per share)
0.90	-0.27	0.24	0.12	-0.29	0.99	0.06	-0.49	0.05	-0.39	-0.26	0.22	0.28	-0.20	-0.74	-1.78	-2.08	-2.84	-5.33	-4.12	-3.79	1.70	0.96	-0.07	0.11	0.28	0.03	0.40	0.14	0.32	0.00	0.70	0.14	-0.02	0.46	0.33	-0.11	0.02	0.12
Net Income (Loss) Per Common Share - Diluted (in dollars per share)
0.74	-0.27	0.24	0.12	-0.29	0.99	0.06	-0.49	0.05	-0.38	-0.26	0.22	0.27	-0.20	-0.74	-1.78	-2.08	-2.84	-5.33	-4.12	-3.79	1.70	0.95	-0.07	0.11	0.29	0.03	0.39	0.14	0.31	0.00	0.70	0.14	-0.03	0.46	0.33	-0.11	0.02	0.12
Weighted Average Shares Outstanding - Basic (in shares)
403,662	402,476	396,044	378,368	371,448	382,952	300,517	196,140	65,215	64,702	61,843	61,643	61,446	61,312	61,237	61,180	60,964	60,729	60,679	60,644	60,556	60,498	60,559	60,504	61,203	61,202	62,426	62,973	62,857	62,714	62,589	62,399	62,239	60,550	61,919	61,686	63,000	51,519	49,934
Weighted Average Shares Outstanding - Diluted (in shares)
497,265	401,634	396,530	378,724	371,448	383,816	301,755	196,140	65,383	63,933	61,843	61,885	61,972	61,312	61,237	61,180	60,964	60,729	60,679	60,644	60,556	60,755	60,736	60,504	61,446	61,556	62,758	63,358	63,316	63,218	62,882	62,705	62,670	61,461	62,265	62,053	63,000	52,145	50,609
Oil and Gas Sales
Revenue
130,196	160,698	157,989	149,847	132,684	152,565	145,416	109,047	86,881	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue
Revenue
8	11	3	2	5	2	2	2	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-