Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $145M | $209M | $679M | $472M | $552M | $497M | $1.57B | $2.17B | $2.23B | $2.48B |
| Revenue growth | — | 44.5% | 224.3% | -30.4% | 16.9% | -10.0% | 216.1% | 37.9% | 2.7% | 11.2% |
| Operating income | -$229M | $60.5M | $433M | $55.5M | -$841M | $78.0M | $853M | $1.12B | $838M | $246M |
| Operating margin | -158.2% | 28.9% | 63.7% | 11.8% | -152.3% | 15.7% | 54.3% | 51.8% | 37.6% | 9.9% |
| Net income | -$293M | -$9.19M | $144M | -$76.3M | -$906M | $6.36M | $773M | $923M | $520M | $38.8M |
| Net margin | -202.5% | -4.4% | 21.2% | -16.2% | -164.1% | 1.3% | 49.2% | 42.6% | 23.4% | 1.6% |
| EPS (diluted) | -$4.80 | -$0.15 | $6.07 | -$2.00 | -$21.55 | -$0.13 | $8.92 | $10.03 | $5.14 | $0.39 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $102M | $73.0M | $244M | $340M | $332M | $396M | $928M | $1.18B | $1.41B | $1.51B |
| Capital expenditures | $215K | $3.95K | $86.8K | — | — | — | — | — | — | — |
| Free cash flow | $102M | $73.0M | $244M | — | — | — | — | — | — | — |
| Share buybacks | $0.00 | $0.00 | $22.2M | $15.1M | $0.00 | $0.00 | $54.5M | $8.00M | $94.5M | $57.0M |
| Dividends paid | — | — | — | $0.00 | $0.00 | $4.94M | $51.6M | $124M | $162M | $173M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.49M | $102M | $2.36M | $16.1M | $1.43M | $9.52M | $2.53M | $8.20M | $8.93M | $14.3M |
| Total assets | $432M | $632M | $1.50B | $1.91B | $872M | $1.52B | $2.88B | $4.48B | $5.60B | $5.41B |
| Total liabilities | $919M | $1.12B | $1.07B | $1.35B | $1.10B | $1.31B | $2.13B | $2.44B | $3.28B | $3.28B |
| Long-term debt | $833M | $979M | $830M | $1.12B | $945M | $803M | $1.53B | $1.84B | $2.37B | $2.40B |
| Shareholders' equity | -$487M | -$491M | $430M | $559M | -$223M | $215M | $745M | $2.05B | $2.32B | $2.13B |
| Retained earnings | -$931M | -$941M | -$797M | -$873M | -$1.78B | -$1.77B | -$1.00B | -$77.8M | $443M | $481M |
| Shares (wtd avg diluted) | 61.2M | 62.4M | 23.7M | 38.7M | 42.7M | 63.0M | 86.7M | 92.1M | 101M | 99.3M |
Every figure is extracted from NORTHERN OIL & GAS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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