Demonstrações financeiras detalhadas de Northern Oil and Gas, Inc. (NOG): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Northern Oil and Gas, Inc. registou receitas de $2.10B no último exercício, com um CAGR de 5 anos de 45.2%.
Margens dos últimos 12 meses: margem bruta 34.5%, margem operacional 32.0%, margem líquida -21.8%. O fluxo de caixa livre cresceu a CAGR de 39.6% em 5 anos.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $159.7M | $224.0M | $493.9M | $601.2M | $324.1M | $975.1M | $1.99B | $1.91B | $2.16B | $2.10B |
| Custo da Receita | $122.4M | $129.8M | $231.7M | $386.9M | $308.2M | $388.6M | $670.1M | $993.1M | $1.33B | $1.42B |
| Lucro Bruto | $37.3M | $94.1M | $262.2M | $214.4M | $15.8M | $586.5M | $1.32B | $913.9M | $836.0M | $675.2M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $14.8M | $19.0M | $14.6M | $23.6M | $18.5M | $30.3M | $47.2M | $46.8M | $50.5M | $61.3M |
| Despesas Operacionais | $327.8M | $19.0M | $14.6M | $158.9M | $857.1M | $508.5M | $462.5M | -$208.0M | -$1.9M | $61.3M |
| Lucro Operacional | -$229.3M | $60.5M | $432.6M | $55.5M | -$841.2M | $78.0M | $853.2M | $1.12B | $837.8M | $613.9M |
| EBITDA | -$169.2M | $119.0M | $350.3M | $214.6M | -$685.6M | $206.4M | $1.11B | $1.62B | $1.58B | $1.05B |
| Despesas com Juros | $64.5M | $70.3M | $86.9M | $80.7M | $58.5M | $59.0M | $80.3M | $135.7M | $157.7M | $172.4M |
| Lucro Antes de Impostos | -$294.9M | -$10.8M | $143.6M | -$76.3M | -$906.2M | $6.6M | $776.3M | $1.00B | $680.8M | $62.7M |
| Imposto | -$1.4M | -$1.6M | -$55000 | 0 | -$166000 | $233000 | $3.1M | $77.8M | $160.5M | $23.9M |
| Lucro Líquido | -$293.5M | -$9.2M | $143.7M | -$76.3M | -$906.0M | $6.4M | $773.2M | $923.0M | $520.3M | $38.8M |
| LPA | $-48.00 | $-1.50 | $6.08 | $-2.00 | $-21.55 | $-0.13 | $9.26 | $10.09 | $5.21 | $0.40 |
| LPA Diluído | $-48.00 | $-1.50 | $6.07 | $-2.00 | $-21.55 | $-0.13 | $8.40 | $10.03 | $5.14 | $0.39 |
| Ações em Circulação (Diluídas) | $6.1M | $6.2M | $23.7M | $38.7M | $42.7M | $63.0M | $86.7M | $92.1M | $101.3M | $99.3M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $485.9M | $450.9M | $544.1M | $745.2M |
| Lucro Bruto | $139.5M | $95.9M | $178.9M | $352.5M |
| Lucro Operacional | $125.4M | $78.8M | $155.7M | $352.5M |
| EBITDA | $73.5M | $159.1M | -$456.2M | $544.9M |
| Lucro Líquido | -$129.1M | -$70.7M | -$522.8M | $236.6M |
| LPA | $-1.33 | $-0.70 | $-5.31 | $2.24 |
| LPA Diluído | $-1.33 | $-0.67 | $-5.31 | $2.19 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $6.5M | $102.2M | $2.4M | $16.1M | $1.4M | $9.5M | $2.5M | $8.2M | $8.9M | $14.3M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $37.2M | $47.6M | $96.4M | $108.5M | $71.0M | $193.6M | $271.7M | $373.8M | $427.7M | $368.0M |
| Estoque | $1.6M | $604977 | $116.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $46.9M | $152.8M | $228.4M | $133.0M | $125.6M | $215.3M | $320.5M | $509.4M | $500.7M | $586.0M |
| Imobilizado | $376.2M | $473.2M | $1.20B | $1.75B | $735.2M | $1.25B | $2.48B | $3.93B | $5.08B | $3.2M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $431.5M | $632.3M | $1.50B | $1.91B | $872.1M | $1.52B | $2.88B | $4.48B | $5.60B | $5.41B |
| Contas a Pagar | $56.1M | $93.2M | $55.0M | $69.4M | $35.8M | $65.5M | $128.6M | $192.7M | $202.9M | $218.6M |
| Dívida de Curto Prazo | 0 | 0 | $18.2M | 0 | $65.0M | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $77.4M | $123.6M | $231.5M | $203.5M | $182.5M | $327.6M | $345.0M | $385.8M | $544.3M | $539.3M |
| Dívida de Longo Prazo | $832.6M | $979.3M | $830.2M | $1.12B | $879.8M | $803.4M | $1.53B | $1.84B | $2.37B | $2.40B |
| Passivos Totais | $919.0M | $1.12B | $1.07B | $1.35B | $1.10B | $1.31B | $2.13B | $2.44B | $3.28B | $3.28B |
| Reservas | -$931.4M | -$940.6M | -$796.9M | -$873.2M | -$1.78B | -$1.77B | -$1.00B | -$77.8M | $442.5M | $481.3M |
| Patrimônio Líquido | -$487.4M | -$490.8M | $429.9M | $558.6M | -$223.3M | $215.1M | $745.3M | $2.05B | $2.32B | $2.13B |
| Dívida Total | $832.6M | $979.3M | $830.2M | $1.12B | $944.8M | $803.4M | $1.53B | $1.84B | $2.37B | $2.40B |
| Dívida Líquida | $826.1M | $877.1M | $827.8M | $1.10B | $943.4M | $793.9M | $1.52B | $1.83B | $2.36B | $2.38B |
| Capital de Giro | -$30.5M | $29.2M | -$3.1M | -$70.4M | -$56.8M | -$112.2M | -$24.5M | $123.6M | -$43.5M | $46.7M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $31.6M | $14.3M | $37.0M | $47.6M |
| Ativos Totais | $5.49B | $5.41B | $5.51B | $5.83B |
| Passivos Totais | $3.25B | $3.28B | $3.73B | $3.83B |
| Patrimônio Líquido | $2.24B | $2.13B | $1.78B | $2.00B |
| Dívida Total | $2.35B | $2.40B | $2.55B | $2.72B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$293.5M | -$9.2M | $143.7M | -$76.3M | -$906.0M | $6.4M | $773.2M | $923.0M | $520.3M | $38.8M |
| Depreciação e Amortização | $61.2M | $59.5M | $119.8M | $210.2M | $162.1M | $140.8M | $251.3M | $486.0M | $740.9M | $814.9M |
| Compensação em Ações | $3.5M | $3.3M | $4.0M | $8.0M | $4.1M | $3.6M | $5.7M | $5.7M | $12.0M | $15.4M |
| Variação Capital de Giro | $11.5M | -$6.8M | -$25.7M | -$391000 | $34.1M | -$85.8M | -$62.4M | -$106.1M | -$53.9M | $70.1M |
| Fluxo de Caixa Operacional | $101.9M | $73.0M | $244.3M | $339.8M | $331.7M | $396.5M | $928.4M | $1.18B | $1.41B | $1.51B |
| CapEx | -$93.2M | -$119.4M | -$474.6M | -$569.1M | -$283.9M | -$593.8M | -$1.36B | -$1.86B | -$1.67B | -$1.25B |
| Aquisições | $2.2M | $171451 | $67689 | 0 | 0 | -$40.6M | -$43.0M | -$17.1M | $17.1M | 0 |
| Recompra de Ações | -$1.4M | -$668389 | -$22.2M | -$15.1M | 0 | 0 | -$54.5M | -$8.0M | -$94.5M | -$57.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | -$34.1M | -$73.3M | -$123.9M | -$162.0M | -$173.4M |
| Fluxo de Caixa Livre | $8.7M | -$46.4M | -$230.3M | -$229.4M | $47.8M | -$197.3M | -$431.4M | -$679.0M | -$266.1M | $252.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $423.1M | $312.6M | $323.6M | $321.6M |
| CapEx | -$352.6M | -$852.4M | -$634.7M | -$379.8M |
| Fluxo de Caixa Livre | $70.5M | -$539.7M | -$311.1M | -$58.2M |
| Dividendos Pagos | -$43.7M | -$43.7M | -$44.5M | -$47.7M |
| Compensação em Ações | $4.1M | $3.9M | $3.7M | $4.4M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +40.2% | +120.5% | +21.7% | -46.1% | +200.9% | +103.7% | -4.0% | +13.5% | -3.2% |
| Crescimento Lucro Líquido (anual) | | +96.9% | +1662.9% | -153.1% | -1087.2% | +100.7% | +12055.9% | +19.4% | -43.6% | -92.6% |
| Crescimento LPA (anual) | | +96.9% | +505.3% | -132.9% | -977.5% | +99.4% | +7223.1% | +9.0% | -48.4% | -92.3% |
| Variação de Ações (anual) | | +2.0% | +279.4% | +63.5% | +10.4% | +47.4% | +37.6% | +6.2% | +10.0% | -1.9% |
| Crescimento FCF (anual) | | -631.3% | -395.9% | +0.4% | +120.8% | -513.2% | -118.6% | -57.4% | +60.8% | +195.0% |
| Margem Bruta | 23.3% | 42.0% | 53.1% | 35.7% | 4.9% | 60.1% | 66.3% | 47.9% | 38.6% | 32.2% |
| Margem Operacional | -143.6% | 27.0% | 87.6% | 9.2% | -259.6% | 8.0% | 43.0% | 58.8% | 38.7% | 29.3% |
| Margem EBITDA | -105.9% | 53.1% | 70.9% | 35.7% | -211.6% | 21.2% | 55.8% | 85.1% | 73.0% | 50.1% |
| Margem Líquida | -183.8% | -4.1% | 29.1% | -12.7% | -279.6% | 0.7% | 38.9% | 48.4% | 24.0% | 1.9% |
| Margem FCF | 5.5% | -20.7% | -46.6% | -38.2% | 14.7% | -20.2% | -21.7% | -35.6% | -12.3% | 12.1% |
| Taxa Efetiva de Imposto | 0.5% | 14.6% | -0.0% | -0.0% | 0.0% | 3.5% | 0.4% | 7.8% | 23.6% | 38.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.43 | $-7.44 | $-9.73 | $-5.93 | $1.12 | $-3.13 | $-4.98 | $-7.38 | $-2.63 | $2.55 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.85 | $1.35 | $1.60 | $1.75 |
| Ações em Circulação (Básicas) | $6.1M | $6.1M | $23.6M | $38.7M | $42.7M | $63.0M | $78.6M | $91.5M | $99.9M | $97.7M |
O que olhar em empresas de Energy
- FCF yield (>8%) — Caixa gerada / capitalização. Em energia o FCF importa mais que LPA.
- ROIC médio 5a (≥10%) — Incluir anos bons e maus para filtrar as realmente disciplinadas.
- FCF positivo em 8 dos últimos 10 anos (≥8/10) — Nomes disciplinados (XOM, CVX, EOG) sobrevivem crashes de 2014-16 e 2020.
- Cobertura do dividendo (FCF / div) (≥1,2x) — Dividendo coberto por FCF, não por dívida. <1x = corte provável.
- Dívida Líquida / EBITDA (<2x em pico) — Olhar com EBITDA em vale, não em pico.
- Capex / Receita (10-20% saudável) — Energia precisa de reinvestimento agressivo para manter reservas.
Rentabilidade
| Margem bruta | 34.45% |
| Margem operacional | 32.01% |
| Margem líquida | -21.83% |
Saúde financeira
| Dívida / Patrimônio | 1.37 |
| Liquidez corrente | 0.80 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -0.57 | -13.67 | 3.72 | -11.70 | -0.41 | -158.31 | 3.33 | 3.67 | 7.13 | 53.67 |
| P/VP | -0.34 | -0.26 | 1.24 | 1.62 | -1.68 | 6.03 | 3.25 | 1.66 | 1.60 | 0.99 |
| P/V | 1.05 | 0.56 | 1.08 | 1.51 | 1.16 | 1.33 | 1.22 | 1.78 | 1.71 | 1.00 |
| Margem Bruta | 23.3% | 42.0% | 53.1% | 35.7% | 4.9% | 60.1% | 66.3% | 47.9% | 38.6% | 32.2% |
| Margem Operacional | -143.6% | 27.0% | 87.6% | 9.2% | -259.6% | 8.0% | 43.0% | 58.8% | 38.7% | 29.3% |
| Margem Líquida | -183.8% | -4.1% | 29.1% | -12.7% | -279.6% | 0.7% | 38.9% | 48.4% | 24.0% | 1.9% |