NORTHERN OIL AND GAS, INC. (NOG) Return on equity 2018–2025
NORTHERN OIL AND GAS, INC. (NOG) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
1.8%FY2025 · since FY2018: 33.4% → 1.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 1.8% | -20.6 pp |
| FY2024 | 22.4% | -22.7 pp |
| FY2023 | 45.1% | -58.7 pp |
| FY2022 | 103.8% | +100.8 pp |
| FY2021 | 3.0% | — |
| FY2019 | -13.7% | -47.1 pp |
| FY2018 | 33.4% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice