Oil & Gas Sales was Northern Oil & Gas’s largest product and service line in fiscal 2023, bringing in $1.90B of $2.16B (88%).
| Product and Service | FY 2016 | FY 2017 | FY 2021 | FY 2023 |
|---|---|---|---|---|
| Oil & Gas Sales | $52.81M | $1.90B | ||
| Natural Gas & Ngl Sales | — | $251.68M | ||
| Natural Gas & Ngl Revenues | $343.04M | — | ||
| Oil Revenues | $42.49M | — | ||
| Oil | — | — | ||
| Natural Gas & Ngl | — | — | ||
| Other Revenue | $3.00K | $9.23M | ||
| Total | $438.34M | $2.16B |
Northern Oil & Gas brought in $2.16B from its three product and service lines in fiscal 2023, the year ended December 31, 2023. Northern Oil & Gas regrouped these lines after fiscal 2021, so the total does not compare directly with that year's $438.34M. Oil & Gas Sales was the largest at $1.90B (87.9%), ahead of Natural Gas & Ngl Sales at $251.68M (11.7%) and Other Revenue at $9.23M (0.4%).
Northern Oil & Gas began breaking out Natural Gas & Ngl Sales in fiscal 2023, when it brought in $251.68M. Northern Oil & Gas stopped reporting Natural Gas & Ngl Revenues ($343.04M in fiscal 2021) and Oil Revenues ($42.49M in fiscal 2021) as separate lines.
Northern Oil & Gas (NOG) reports its revenue by product and service. In fiscal 2023, Oil & Gas Sales was its largest product and service line, bringing in $1.90B (87.9% of the total), followed by Natural Gas & Ngl Sales at $251.68M (11.7%).
Oil & Gas Sales was Northern Oil & Gas' largest product and service line in fiscal 2023, bringing in $1.90B, or 87.9% of the $2.16B total across its three product and service lines.
Every figure comes from Northern Oil & Gas' annual financial filings, as reported. Each line keeps the name Northern Oil & Gas gives it, and years follow its fiscal calendar.
Northern Oil & Gas' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.