Northern Oil and Gas Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Northern Oil and Gas (NYSE:NOG) Full Year 2023 Results
Key Financial Results
Revenue: US$2.17b (up 19% from FY 2022).
Net income: US$923.0m (up 27% from FY 2022).
Profit margin: 43% (up from 40% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$10.09 (up from US$9.26 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Northern Oil and Gas EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 31%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.5% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 1.4% from a week ago.
Valuation
Our analysis of Northern Oil and Gas based on 6 different valuation metrics shows it might be undervalued. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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