Northern Oil & Gas Inc (NOG)

Return on equity (ROE)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Net income (ttm) US$ in thousands 520,306 837,461 565,126 594,385 922,970 679,185 1,236,539 1,319,988 773,237 802,896 231,985 -109,842 6,361 -310,489 -556,047 -1,364,684 -906,041 -871,857 -544,472 399,127
Total stockholders’ equity US$ in thousands 2,320,440 2,313,500 2,068,310 2,001,980 2,047,680 1,407,790 1,415,800 1,048,070 745,260 709,097 152,650 -35,302 215,134 -157,711 -168,217 -180,683 -223,304 -83,731 140,728 1,009,010
ROE 22.42% 36.20% 27.32% 29.69% 45.07% 48.24% 87.34% 125.94% 103.75% 113.23% 151.97% — 2.96% — — — — — -386.90% 39.56%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $520,306K ÷ $2,320,440K
= 22.42%

The return on equity (ROE) of Northern Oil & Gas Inc has exhibited significant fluctuations over the period from March 2020 to December 2024.

- In March 2020, the ROE stood at a healthy 39.56%, indicating the company was generating a strong return for its shareholders.
- However, in June 2020, the ROE plummeted to -386.90%, reflecting a net loss for the period and potential financial distress.
- Subsequently, the data for the ROE appears to be not available (\u2014) for several quarters, indicating potential data unavailability or irregularities.
- By December 2021, the ROE recovered to 2.96%, showing a modest return for shareholders.
- The following quarters from June 2022 to September 2024 witnessed a significant improvement in ROE, with values ranging from 27.32% to 125.94%.
- In December 2024, the ROE dipped to 22.42%, indicating a slight decrease in the return generated for equity holders compared to the previous quarter.

Overall, the analysis of Northern Oil & Gas Inc's ROE demonstrates a varied performance over the period, with both positive and negative trends. Investors and stakeholders should further investigate the factors driving these fluctuations to assess the company's financial health and sustainability.