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Northern Oil & Gas's tax expense for the months ended in Dec. 2023 was $59 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $78 Mil.
The historical data trend for Northern Oil & Gas's Tax 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.
Northern Oil & Gas Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | - | -0.17 | 0.23 | 3.10 | 77.77 |
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 | |
Tax Expense | Get a 7-Day Free Trial | -0.03 | 0.69 | 39.01 | -20.69 | 58.76 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax 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 $78 Mil.
* 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.
Northern Oil & Gas (NYSE:NOG) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of Northern Oil & Gas's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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