Northern Oil & Gas Inc (NOG)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 520,308 | 922,969 | 773,237 | 6,361 | -906,041 |
| Total stockholders’ equity | US$ in thousands | 2,320,440 | 2,047,680 | 745,260 | 215,134 | -223,304 |
| ROE | 22.42% | 45.07% | 103.75% | 2.96% | — |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $520,308K ÷ $2,320,440K
= 22.42%
Northern Oil & Gas Inc's return on equity (ROE) has displayed a fluctuating trend over the past years.
In December 31, 2021, the ROE was at 2.96%, indicating that the company's net income generated a return of approximately 2.96% on its shareholders' equity during that period.
By December 31, 2022, the ROE significantly improved to 103.75%, reflecting a substantial increase in the profitability and efficiency of the company in generating returns for shareholders.
The ROE then decreased to 45.07% by December 31, 2023, suggesting a slight decline in the company's ability to utilize its equity to generate profits in that year.
Lastly, as of December 31, 2024, the ROE further decreased to 22.42%. This drop may indicate a potential challenge for Northern Oil & Gas Inc in maintaining its historical level of profitability.
Overall, Northern Oil & Gas Inc's ROE has shown variations over the years, indicating changes in the company's profitability and efficiency in utilizing shareholder equity to generate returns.
Peer comparison
Dec 31, 2024