Northern Oil & Gas (Northern Oil & Gas) Interest Expense

: $-136 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northern Oil & Gas's interest expense for the three months ended in Dec. 2023 was $ -37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-136 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Northern Oil & Gas's Operating Income for the three months ended in Dec. 2023 was $ 237 Mil. Northern Oil & Gas's Interest Expense for the three months ended in Dec. 2023 was $ -37 Mil. Northern Oil & Gas's Interest Coverage for the quarter that ended in Dec. 2023 was 6.48. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Northern Oil & Gas Interest Expense Historical Data

The historical data trend for Northern Oil & Gas's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northern Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-80.68

-58.50

-59.02

-80.33

-135.66

Northern Oil & Gas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-23.81	-30.14	-31.97	-37.04	-36.51

Northern Oil & Gas Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-136 Mil.

Northern Oil & Gas (NYSE:NOG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Northern Oil & Gas's Interest Expense for the three months ended in Dec. 2023 was $-37 Mil. Its Operating Income for the three months ended in Dec. 2023 was $237 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,836 Mil.

Northern Oil & Gas's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	236.672	/	-36.513
	=	6.48

The higher the ratio, the stronger the company's financial strength is.

Northern Oil & Gas (Northern Oil & Gas) Business Description

Industry

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4LT1:Germany

Address

4350 Baker Road, Suite 400, Minnetonka, MN, USA, 55343

Website

https://www.northernoil.com

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.

Executives

Robert B. Rowling	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
William F Kimble	director	6900 E. LAYTON AVE., SUITE 900, DENVER CO 80237
Jennifer S. Pomerantz	director	4350 BAKER ROAD, SUITE 400, MINNETONKA MN 55343
Cresta Greenwood, Llc	10 percent owner	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Rowling Family 2012 Long Term Trust	other: See Remarks	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
James B. Evans	officer: Executive VP & Chief Engineer	601 CARLSON PARKWAY, SUITE 990, MINNETONKA MN 55305
Foundation Rowling	other: See Remarks	4001 MAPLE AVENUE, SUITE 600, DALLAS TX 75219
Stuart G. Lasher	director	4931 NEW PROVIDENCE, TAMPA FL 33629
Ttbr Investments Llc	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Trbrjr Investments Llc	10 percent owner	4001 MAPLE AVE, SUITE 600, DALLAS TX 75219
Michael D. Kelly	officer: EVP of Finance	3762 INGOLD STREET, HOUSTON TX 77005
Crestview Partners Iii Gp, L.p.	10 percent owner	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Brandon R. Elliott	officer: EVP, Corporate Devp & Strategy	315 MANITOBA AVENUE, SUITE 200, WAYZATA MN 55391
Roy Ernest Easley	director	1048 TEXAN TRAIL, GRAPEVINE TX 76051
W Energy Partners Llc	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 550, DALLAS TX 75219