NORTHERN OIL AND GAS, INC.: 10-Q filed 2018-11-09

Name: NORTHERN OIL AND GAS, INC.: 10-Q filed 2018-11-09
Creator: NORTHERN OIL AND GAS, INC.

What NORTHERN OIL AND GAS, INC. reported in its quarterly report filed 2018-11-09 (fiscal Q3 2018): 43 published measures, 119 facts as tagged in accession 0001104485-18-000195.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-11-09
Fiscal period: fiscal Q3 2018
Accession: 0001104485-18-000195 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All NORTHERN OIL AND GAS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2018-09-30	1,068,949,402	USD
At 2017-12-31	632,253,679	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2018-09-30	1,057,739,429	USD
At 2017-12-31	1,123,094,229	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2018-09-30	11,209,973	USD
At 2017-12-31	-490,840,550	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2018-09-30	112,965,907	USD
At 2017-12-31	102,183,191	USD
At 2017-09-30	6,776,667	USD
At 2016-12-31	6,486,098	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	18,978,573	USD	92
2018-01-01 to 2018-09-30	-74,603,028	USD	273
2017-07-01 to 2017-09-30	-16,087,467	USD	92
2017-01-01 to 2017-09-30	14,654,917	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	126,416,186	USD	273
2017-01-01 to 2017-09-30	65,581,019	USD	273

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	86,783	USD	273
2017-01-01 to 2017-09-30	3,954	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	102,269,220	USD	92
2018-01-01 to 2018-09-30	235,728,582	USD	273
2017-07-01 to 2017-09-30	41,598,659	USD	92
2017-01-01 to 2017-09-30	172,317,392	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	194,456,802	USD	273
2017-01-01 to 2017-09-30	10,155,619	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	-310,090,272	USD	273
2017-01-01 to 2017-09-30	-75,446,069	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2018-09-30	-1,015,176,760	USD
At 2017-12-31	-940,573,732	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	300,517,497	shares	92
2018-01-01 to 2018-09-30	188,152,998	shares	273
2017-07-01 to 2017-09-30	61,843,377	shares	92
2017-01-01 to 2017-09-30	61,645,920	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	301,755,419	shares	92
2018-01-01 to 2018-09-30	188,152,998	shares	273
2017-07-01 to 2017-09-30	61,843,377	shares	92
2017-01-01 to 2017-09-30	61,991,292	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	0.06	USD/shares	92
2018-01-01 to 2018-09-30	-0.4	USD/shares	273
2017-07-01 to 2017-09-30	-0.26	USD/shares	92
2017-01-01 to 2017-09-30	0.24	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	0.06	USD/shares	92
2018-01-01 to 2018-09-30	-0.4	USD/shares	273
2017-07-01 to 2017-09-30	-0.26	USD/shares	92
2017-01-01 to 2017-09-30	0.24	USD/shares	273

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Unit	Days
2018-07-01 to 2018-09-30	USD	92
2018-01-01 to 2018-09-30	USD	273
2017-07-01 to 2017-09-30	USD	92
2017-01-01 to 2017-09-30	USD	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2018-09-30	817,980,831	USD
At 2017-12-31	473,219,591	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	2,092,421	USD	273
2017-01-01 to 2017-09-30	5,265,868	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	35,596,558	USD	92
2018-01-01 to 2018-09-30	77,819,648	USD	273
2017-07-01 to 2017-09-30	584,981	USD	92
2017-01-01 to 2017-09-30	64,154,108	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2018-09-30	224,740,440	USD
At 2017-12-31	152,758,154	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	20,438,025	USD	92
2018-01-01 to 2018-09-30	65,948,159	USD	273
2017-07-01 to 2017-09-30	16,672,632	USD	92
2017-01-01 to 2017-09-30	49,404,601	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2018-09-30	215,378,909	USD
At 2017-12-31	123,575,246	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2018-09-30	122,279,397	USD
At 2017-12-31	93,152,297	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2018-09-30	90,476,380	USD
At 2017-12-31	46,851,682	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	414,957	USD	273
2017-01-01 to 2017-09-30	546,989	USD	273

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	66,672,662	USD	92
2018-01-01 to 2018-09-30	157,908,934	USD	273
2017-07-01 to 2017-09-30	41,013,678	USD	92
2017-01-01 to 2017-09-30	108,163,284	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit
At 2018-09-30	334,209,986	shares
At 2017-12-31	66,791,633	shares
At 2016-12-31	63,259,781	shares

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2018-09-30	789,528,047	USD
At 2017-12-31	979,324,222	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2018-09-30	3,003,873,768	USD
At 2017-12-31	2,588,170,780	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2018-09-30	2,185,892,937	USD
At 2017-12-31	2,114,951,189	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2018-09-30	5,443,131	USD
At 2017-12-31	5,490,934	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2018-09-30	112,835	USD
At 2017-12-31	135,225	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2018-09-30	6,334,045	USD
At 2017-12-31	6,339,425	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	18,978,573	USD	92
2018-01-01 to 2018-09-30	-74,603,028	USD	273
2017-07-01 to 2017-09-30	-16,087,467	USD	92
2017-01-01 to 2017-09-30	14,654,917	USD	273

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	4,674,467	USD	92
2018-01-01 to 2018-09-30	9,592,581	USD	273
2017-07-01 to 2017-09-30	7,985,719	USD	92
2017-01-01 to 2017-09-30	15,911,802	USD	273

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	299,394	USD	92
2018-01-01 to 2018-09-30	837,812	USD	273
2017-07-01 to 2017-09-30	184	USD	92
2017-01-01 to 2017-09-30	545	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-16,617,985	USD	92
2018-01-01 to 2018-09-30	-152,422,676	USD	273
2017-07-01 to 2017-09-30	-16,672,448	USD	92
2017-01-01 to 2017-09-30	-49,499,191	USD	273

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Unit	Days
2018-07-01 to 2018-09-30	USD	92
2018-01-01 to 2018-09-30	USD	273
2017-07-01 to 2017-09-30	USD	92
2017-01-01 to 2017-09-30	USD	273

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	0	USD	273
2017-01-01 to 2017-09-30	0	USD	273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	55,849,310	USD	273
2017-01-01 to 2017-09-30	32,192,678	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	141,709,681	USD	273
2017-01-01 to 2017-09-30	0	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	43,340,645	USD	273
2017-01-01 to 2017-09-30	2,139,695	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-09-30	4,349,154	USD	273
2017-01-01 to 2017-09-30	3,309,686	USD	273

Inspect the source

Entity: NORTHERN OIL AND GAS, INC. / CIK 0001104485
Captured: 2026-09-20T05:23:19.486Z
SEC response SHA-256: 97105b740bdc8a05e88d90c2e0c5e7a646801f073caca5aeddb8636f426450d3

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001104485.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))