NORTHERN OIL & GAS, INC. (NOG) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
NOG currently has 98.5M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.78% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 29, 2026 |
10-Q filing | 98.5M shares outstanding |
99M | 0 |
| Nov 07, 2025 |
10-Q filing | 97.1M shares outstanding |
97M | 0 |
| Aug 01, 2025 |
10-Q filing | 98.1M shares outstanding |
98M | 0 |
| Jun 18, 2025 |
8-K filing: Northern Oil and Gas, Inc. completed an offering of $200,000,000 aggregate principal amount of 3.65% Convertible Senior Notes due 2029 in a private placement and may issue a maximum of 6,880,160 shares of common stock upon conversion of the notes. |
99M | 0 |
| Apr 30, 2025 |
10-Q filing | 98.6M shares outstanding |
99M | 0 |
| Feb 20, 2025 |
10-K filing | 99.9M shares outstanding |
100M | 0 |
| Nov 06, 2024 |
10-Q filing | 99.5M shares outstanding |
99M | 0 |
| Jul 31, 2024 |
10-Q filing | 100.3M shares outstanding |
100M | 0 |
| Apr 30, 2024 |
10-Q filing | 101.6M shares outstanding |
100M | 0 |
| Feb 23, 2024 |
10-K filing | 92.1M shares outstanding |
92M | 0 |
| Nov 02, 2023 |
10-Q filing | 93.7M shares outstanding |
94M | 0 |
| Aug 03, 2023 |
10-Q filing | 89.1M shares outstanding |
89M | 0 |
| May 05, 2023 |
10-Q filing | 85.4M shares outstanding |
85M | 0 |
| Feb 24, 2023 |
10-K filing | 86.7M shares outstanding |
87M | 0 |
| Nov 09, 2022 |
10-Q filing | 78.6M shares outstanding |
79M | 0 |
| Nov 08, 2022 |
8-K filing: Northern Oil and Gas, Inc. exercised its mandatory conversion rights on its 6.500% Series A Perpetual Cumulative Convertible Preferred Stock to convert such shares into common stock on November 15, 2022, resulting in the issuance of approximately 7,376,740 shares of common stock in exchange for 1,643,732 shares of preferred stock. |
77M | 0 |
| Aug 04, 2022 |
10-Q filing | 77.4M shares outstanding |
77M | 0 |
| Jul 15, 2022 |
POS AM filing: This post-effective amendment is being filed to terminate the effectiveness of the Registration Statement and to remove from registration all securities registered but not sold under the Registration Statement. |
77M | 0 |
| Jun 23, 2022 |
8-K filing: Northern Oil and Gas, Inc. issued 2,322,690 shares of common stock in exchange for the surrender and cancellation of warrants to purchase 3,294,092 shares of common stock. |
77M | 0 |
| May 06, 2022 |
10-Q filing | 76.9M shares outstanding |
77M | 0 |
| Feb 25, 2022 |
10-K filing | 77.3M shares outstanding |
77M | 0 |
| Jan 31, 2022 |
8-K filing: The Company issued an aggregate of 1,939,998 warrants to purchase shares of the Company's common stock at an exercise price of $28.30 per share to Veritas Permian II, LLC and Veritas MOC Holdings, LLC. |
66M | 1.1M |
| Nov 22, 2021 |
8-K filing: Northern Oil and Gas, Inc. closed a public offering of 11,000,000 shares of common stock, including the exercise of an underwriter's option, on November 22, 2021, with the company using the proceeds to fund an acquisition. |
66M | 1.1M |
| Nov 05, 2021 |
10-Q filing | 65.9M shares outstanding |
66M | 1.1M |
| Aug 05, 2021 |
10-Q filing | 60.7M shares outstanding |
61M | 6.2M |
| May 07, 2021 |
10-Q filing | 54.5M shares outstanding |
55M | 12M |
| Apr 06, 2021 |
S-3 filing: This prospectus covers the offer, resale or other disposition from time by the selling securityholder named herein of (i) warrants to purchase up to 3,250,000 shares of our common stock and (ii) 3,250,000 shares of our common stock underlying the Warrants. |
60M | 6.5M |
| Apr 06, 2021 |
S-3 filing: This is an S-3 filing for Northern Oil and Gas, Inc. to offer common stock, preferred stock, depositary shares, debt securities, warrants, purchase contracts and units up to $700,000,000. |
60M | 6.5M |
| Mar 12, 2021 |
10-K filing | 60.4M shares outstanding |
60M | 0 |
| Nov 06, 2020 |
10-Q filing | 43.5M shares outstanding |
44M | 0 |
| Oct 05, 2020 |
8-K filing: Northern Oil and Gas, Inc. will issue 295,000 shares of its common stock to W North Fund, LLC in partial consideration for its acquisition of oil and gas properties in North Dakota, with a potential for up to 45,000 additional shares based on Dakota Access Pipeline crude oil volume. |
45M | 0 |
| Sep 18, 2020 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 415,356,043 → 44,664,033 |
45M | 0 |
| Aug 07, 2020 |
10-Q filing | 415.4M shares outstanding |
420M | 0 |
| May 11, 2020 |
10-Q filing | 403.7M shares outstanding |
400M | 0 |
| Mar 12, 2020 |
10-K filing | 387.1M shares outstanding |
390M | 0 |