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Northern Oil & Gas earnings quality score
How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show
Score74 / 100 · grade B · rank 212 of 1027
Northern Oil & Gas (NOG) scores 74 of 100 for earnings quality, grade B: rank 212 of 1027 companies and 17 of 34 in energy. It loses the most points on adjusted earnings 217% below GAAP, discretionary accruals of -9.4% of assets (modified Jones), larger than most, Piotroski F-score 6 of 9. It earns full or near-full marks for accruals of -26.6% of assets, lower than 99% of companies (profit backed by cash), Beneish M-score -2.70: clean (below −2.22), Dechow F-score 0.14 (normal).
What earned and lost points
| Component | What the filings show | Points | Of |
|---|---|---|---|
| Accruals | accruals of -26.6% of assets, lower than 99% of companies (profit backed by cash) | 23 | 24 |
| Beneish M-score | Beneish M-score -2.70: clean (below −2.22) | 18 | 18 |
| Dechow F-score | Dechow F-score 0.14 (normal) | 18 | 18 |
| Discretionary accruals | discretionary accruals of -9.4% of assets (modified Jones), larger than most | 2 | 12 |
| Piotroski F-score | Piotroski F-score 6 of 9 | 8 | 12 |
| Non-GAAP gap | adjusted earnings 217% below GAAP | 0 | 12 |
| Earnings smoothness | profit about as variable as cash flow (smoothness 2.38) | 6 | 6 |
How the score is built
Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.
Every company ranked → The full quality workbench, live → Northern Oil & Gas: cash flow →
Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.