NORTHERN OIL & GAS, INC. (NOG) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues [+]	1,570.5	496.9	552.2	472.4	678.9	209.3	144.9	275.1
Oil & gas sales								202.6
Other								0.0
Revenue growth	216.1%	-10.0%	16.9%	-30.4%	224.3%	44.5%	-47.3%	-53.8%
Cost of goods sold	418.9	247.8	146.1	176.7	111.9	70.3	61.2	21.6
Gross profit	1,151.7	249.1	406.1	295.7	567.0	139.0	83.7	253.5
Gross margin	73.3%	50.1%	73.5%	62.6%	83.5%	66.4%	57.8%	92.2%
Selling, general and administrative [+]	47.2	30.3	18.5	23.6	14.6	19.0	14.8	19.0
General and administrative	47.2	30.3	18.5	23.6	14.6	19.0	14.8	19.0
Other operating expenses	3.0	2.1	1.5	7.5	0.8	0.7	0.6	189.9
EBITDA [+]	1,101.4	216.7	386.1	264.6	551.6	119.3	7.9	44.9
EBITDA growth	408.2%	-43.9%	45.9%	-52.0%	362.4%	1408.6%	-82.4%	-85.3%
EBITDA margin	70.1%	43.6%	69.9%	56.0%	81.2%	57.0%	5.5%	16.3%
Depreciation and amortization	248.3	138.8	160.6	209.1	119.0	58.8	0.2	0.3
EBIT [+]	853.2	78.0	225.4	55.5	432.6	60.5	7.7	44.6
EBIT growth	994.4%	-65.4%	306.1%	-87.2%	615.1%	684.8%	-82.7%	-85.4%
EBIT margin	54.3%	15.7%	40.8%	11.8%	63.7%	28.9%	5.3%	16.2%
Non-recurring items [+]			1,066.7				237.0	1,164.0
Asset impairment			1,066.7				237.0	1,164.0
Interest expense	80.3	59.0	58.5	79.2	86.0	70.3	64.5	58.4
Interest expense	80.3	59.0	58.5	79.2	86.0	70.3	64.5	58.4
Other income (expense), net [+]	3.5	-12.3	-6.5	-52.6	-203.0	-1.0	-1.1	0.0
Asset impairment charges				6.4
Gain (loss) on debt retirement	0.8	-13.1	-3.7	-23.2	-173.4	-1.0	-1.1
Gain (loss) on derivative instruments	-415.3	-478.2	228.1	-128.8	185.0	-14.7	-14.8	72.4
Unrealized gain/loss on derivatives				1.4	-0.6
Write-off of deferred debt issuance costs			-1.5			-0.1	-1.1
Other non-operating income						0.1
Other	-0.2	0.0	0.0	0.2	0.9	-0.1	0.0	0.0
Pre-tax income	776.3	6.6	-906.2	-76.3	143.6	-10.8	-294.9	-1,177.8
Income taxes	3.1	0.2	-0.2	0.0	-0.1	-1.6	-1.4	-202.4
Tax rate	0.4%	3.5%	0.0%	0.0%		14.6%	0.5%	17.2%
Net income	727.7	-8.4	-921.3	-77.3	143.7	-9.2	-293.5	-975.4
Net margin	46.3%	-1.7%	-166.8%	-16.4%	21.2%	-4.4%	-202.5%	-354.6%

Basic EPS [+]	$9.26	($0.13)	($21.55)	($2.00)	$6.08	($0.15)	($4.80)	($16.08)
Growth	-7046.4%	-99.4%	978.7%	-132.8%	-4229.3%	-96.9%	-70.2%	-696.0%
Diluted EPS [+]	$8.40	($0.13)	($21.55)	($2.00)	$6.07	($0.15)	($4.80)	($16.08)
Growth	-6395.8%	-99.4%	978.7%	-132.9%	-4219.4%	-96.9%	-70.2%	-697.7%

Shares outstanding (basic) [+]	78.6	63.0	42.7	38.7	23.6	62.4	61.2	60.7
Growth	24.7%	47.4%	10.4%	63.9%	-62.2%	2.0%	0.9%	-0.1%
Shares outstanding (diluted) [+]	86.7	63.0	42.7	38.7	23.7	62.4	61.2	60.7
Growth	37.6%	47.4%	10.4%	63.5%	-62.1%	2.0%	0.9%	-0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.