Northern Oil & Gas Inc (NOG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,000,740 | 776,338 | 6,594 | -906,207 | -76,318 |
| Revenue | US$ in thousands | 2,166,260 | 1,570,540 | 496,899 | 552,210 | 472,402 |
| Pretax margin | 46.20% | 49.43% | 1.33% | -164.11% | -16.16% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,000,740K ÷ $2,166,260K
= 46.20%
Northern Oil and Gas Inc.'s pretax margin has fluctuated significantly over the past five years. In 2023, the pretax margin stood at 46.20%, showing a decline from the previous year's figure of 49.43%. Despite the decrease, the company still maintained a relatively strong pretax margin, indicating efficient cost management and profitability before accounting for taxes.
The pretax margin in 2021 was notably low at 1.33%, possibly due to lower revenues or higher operating expenses. The year 2020 saw a negative pretax margin of -164.11%, suggesting significant operating losses and financial distress.
Looking back to 2019, the pretax margin was -16.16%, also in the negative territory. This trend indicates inconsistent financial performance and challenges faced by the company in generating profits before tax.
Overall, Northern Oil and Gas Inc. has shown mixed results in terms of pretax margin over the past five years, with notable improvements in some years but also facing substantial losses in others.
Peer comparison
Dec 31, 2023