NORTHERN OIL AND GAS, INC. NOG Income Statement

Northern oil and gas, inc. (NOG)

Income statement / TTM

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
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue
-	-	-	-	-	-	-	-	-	-	-	-	34	-	31	33	33	35	30	22	16	9	12	11	36	44	56	67	103	179	227	303	343	285	234	157	0	0	0
Total Revenues
986,121	472,402	856,585	724,971	605,377	678,924	272,730	212,060	210,116	209,320	208,261	211,771	178,884	144,903	165,872	221,920	230,769	275,057	475,666	555,287	589,026	595,026	439,434	328,441	350,001	335,773	315,590	305,902	328,947	311,572	256,812	265,766	197,385	149,389	132,286	79,468	0	0	0
OPERATING EXPENSES
Production Expenses
131,568	118,899	104,593	90,407	78,824	66,646	57,803	51,780	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Production Expenses
-	-	-	-	-	-	-	-	-	-	-	-	45,395	-	45,738	47,385	49,868	52,107	56,598	58,748	58,217	55,695	50,776	47,531	44,895	41,859	40,352	37,615	34,510	32,382	27,041	22,217	17,540	13,043	9,627	6,278	0	0	0
Production Taxes
57,147	57,771	55,614	53,802	49,900	45,302	38,271	29,756	24,064	20,604	18,446	17,427	17,207	15,513	15,266	16,269	18,920	21,566	26,934	33,954	39,295	43,674	43,728	41,591	36,938	34,958	32,959	31,121	30,218	28,485	24,942	21,110	17,763	14,300	11,792	8,555	0	0	0
General and Administrative Expense
22,444	23,624	20,483	20,951	18,952	14,568	12,668	15,979	17,046	18,988	19,647	13,760	14,029	14,757	16,839	19,356	19,026	19,042	18,148	18,233	17,957	17,602	17,184	16,649	16,584	16,575	16,145	21,448	21,952	22,645	22,079	16,685	15,015	13,624	11,738	9,575	0	0	0
Depletion, Depreciation, Amortization and Accretion
226,876	210,201	195,086	169,778	146,283	119,780	89,116	74,216	65,302	59,500	55,391	53,731	56,226	61,244	71,861	89,833	110,402	137,769	162,553	176,529	181,995	172,883	0	0	0	-	113,536	0	0	-	0	-	-	-	-	-	-	-	-
Impairment of Other Current Assets
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Oil and Natural Gas Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	237,012	404,156	714,758	907,841	1,163,959	996,815	642,393	360,428	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depletion of Oil and Gas Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	29,730	21,581	0	0	0
Depreciation and Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	274	225	0	0	0
Accretion of Discount on Asset Retirement Obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	38	39	0	0	0
Total Operating Expenses
-	-	383,742	337,631	-	-	198,570	172,911	156,960	-	141,621	175,190	265,560	374,208	553,862	887,603	1,106,059	1,394,445	1,261,050	929,858	657,895	289,855	274,576	255,117	232,110	217,776	201,688	198,393	193,974	182,436	161,182	129,885	102,975	82,138	63,201	46,256	0	0	0
INCOME (LOSS) FROM OPERATIONS
541,689	55,509	472,842	387,339	311,418	432,628	74,160	39,148	53,155	60,495	66,639	36,581	-86,676	-229,304	-387,989	-665,683	-875,290	-1,119,388	-785,384	-374,571	-68,869	305,171	164,857	73,324	117,890	117,996	113,902	107,508	134,973	129,136	95,629	135,881	94,409	67,250	69,085	33,212	0	0	0
OTHER INCOME (EXPENSE)
Interest Expense, Net of Capitalization
76,232	79,229	78,893	77,821	82,446	86,005	86,829	83,064	77,089	70,286	65,599	65,072	64,690	64,485	64,372	64,381	62,722	58,360	53,534	48,004	43,943	42,105	40,418	39,007	36,500	32,709	28,885	24,878	19,786	13,874	8,290	3,267	661	585	570	0	0	0	-
Oil, Natural Gas, and NGL Sales
-	-	-	-	-	-	-	-	-	-	-	-	180,171	-	151,954	160,015	180,551	202,638	257,753	327,165	385,256	431,605	436,309	424,350	382,818	369,187	350,396	323,854	314,670	296,637	269,504	232,494	197,537	159,439	121,745	89,729	0	0	0
Gain (Loss) on Derivative Instruments, Net
-	-	263,488	144,448	-	185,006	-141,099	-110,614	-51,898	-14,667	9,669	25,714	-1,321	-14,818	13,886	61,871	50,183	72,382	116,402	18,479	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Settled Derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-4,628	5,168	4,572	-391	-7,442	-10,968	-15,481	-13,407	-9,918	-7,790	0	0	0
Gain (Loss) on Unsettled Interest Rate Derivatives, Net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-30,232	-23,188	9,601	15,147	-5,476	43,937	14,985	3,072	20,225	-2,628	0	0	0
Write-off of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	0	0	-	1,089	1,089	1,089	1,089	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on Extinguishment of Debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on the Extinguishment of Debt
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Exchange Derivative Gain
-4,897	1,390	-12,270	816	5,689	-598	13,063	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent Consideration Gain
-30,904	-29,512	-57,601	-52,339	-27,576	-28,968	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income (Expense)
-	-	139	363	-	-	952	653	282	-	-22	-22	-22	-15	-24	-23	-23	-30	3	15	17	47	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	595	0	0	0	-
Gain (Loss) on Available for Sale Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215	0	0	0	-
Total Other Income (Expense)
-142,725	-131,827	-222,987	-212,886	-277,911	-288,994	-174,181	-174,236	-77,894	-71,258	-65,717	-65,190	-64,713	-65,591	-65,486	-65,494	-63,835	-58,390	-52,887	-47,059	0	-	0	0	-	-	-	-	-	-	-	-	0	-	239	276	0	0	0
Other Income (Expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Other (Expense) Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	0	-	-	-	-	-	-	-
Total Other Income (Expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-28,783	-22,128	0	-	0	0	-	-	-	-	-	-	-
INCOME (LOSS) BEFORE INCOME TAXES
398,964	-76,318	249,855	174,453	33,507	143,634	-100,021	-135,088	-24,739	-10,764	922	-28,609	-151,389	-294,896	-453,476	-731,177	-939,125	-1,177,778	-838,915	-422,560	-112,795	263,112	124,468	34,164	80,968	84,834	84,603	82,386	115,211	115,286	87,340	132,617	93,643	67,446	69,324	33,488	0	0	0
INCOME TAX PROVISION (BENEFIT)
-166	0	-55	-55	-55	-55	-1,570	-1,570	-1,570	-1,570	-1,402	-1,402	-1,402	-1,402	-0	-77	-66,944	-202,424	-139,457	-104,329	-40,213	99,367	46,905	12,883	30,263	31,767	29,385	28,571	42,781	43,001	35,988	52,948	37,168	26,835	26,345	13,005	0	0	0
NET INCOME (LOSS)
399,130	-76,318	249,910	174,508	33,562	143,689	-98,451	-133,518	-23,169	-9,194	2,324	-27,206	-149,987	-293,493	-453,476	-731,099	-872,181	-975,354	-699,457	-318,230	-72,582	163,745	77,563	21,281	50,705	53,067	55,218	53,815	72,430	72,284	51,351	79,668	56,475	40,611	42,979	20,483	0	0	0
Unrealized Gains on Marketable Securities (Net of Tax of $109,000 for the year ended December 31, 2011)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173	0	0	0	-	-
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)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-
Total Other Comprehensive Income (Loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-
COMPREHENSIVE INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,218	53,815	72,430	72,346	51,604	80,098	57,708	41,495	0	0	0	-	-
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
598,730	601,218	593,085	580,512	539,712	493,909	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Revenue
Revenue
24	21	12	11	11	9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-