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Northern Oil and Gas, Inc.(NOG)Earnings, Financials & Key Ratios
NOG•NYSE
49.8× P/E·Price updated Jun 19, 2026
AboutNorthern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.Show more
- Revenue$2.1B-3.2%
- EBITDA$1.43B-9.5%
- Net Income$39M-92.6%
- EPS (Diluted)0.39-92.4%
- Gross Margin32.23%-16.6%
- EBITDA Margin68.2%-6.5%
- Operating Margin29.3%-24.3%
- Net Margin1.85%-92.3%
- ROE1.74%-92.7%
NOG Key Insights
Northern Oil and Gas, Inc. (NOG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 30.6%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 45.2%
- ✓Healthy 5Y average net margin of 22.8%
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗Dividend payout exceeds 100% of earnings
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NOG Price & Volume
Northern Oil and Gas, Inc. (NOG) stock price & volume — 10-year historical chart
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NOG Growth Metrics
Northern Oil and Gas, Inc. (NOG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years26.31%
5 Years45.25%
3 Years1.8%
TTM-6.81%
Profit CAGR
10 Years-
5 Years-
3 Years-63.13%
TTM-196.2%
EPS CAGR
10 Years-
5 Years-
3 Years-64.06%
TTM-198.29%
Return on Capital
10 Years6.92%
5 Years23.72%
3 Years21.5%
Last Year12.36%
NOG Recent Earnings
Northern Oil and Gas, Inc. (NOG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$0.74+4.2%
$0.71
Rev
$5M-99.0%
$511M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.83+7.5%
$0.77
Rev
$610M+17.2%
$521M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$1.03+25.6%
$0.82
Rev
$486M-8.1%
$529M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$1.37+57.5%
$0.87
Rev
$578M+9.4%
$528M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $0.74vs $0.71+4.2% | $5Mvs $511M-99.0% |
| Q1 2026 | Feb 25, 2026 | $0.83vs $0.77+7.5% | $610Mvs $521M+17.2% |
| Q4 2025 | Nov 6, 2025 | $1.03vs $0.82+25.6% | $486Mvs $529M-8.1% |
| Q3 2025 | Jul 31, 2025 | $1.37vs $0.87+57.5% | $578Mvs $528M+9.4% |
Based on last 12 quarters of dataView full earnings history →
NOG Peer Comparison
Northern Oil and Gas, Inc. (NOG) competitors in Non-operated working interest aggregators — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VTLE | 693.32M | 17.92 | -3.78 | 26.15% | -69.28% | -74.84% | 0.95 | |
 CIVI | 2.34B | 27.38 | 3.24 | 49.76% | 13.56% | 9.55% | 0.68 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 | |
 BATL | 20.03M | 1.20 | -0.54 | -14.92% | -32.13% | -38.74% | 0.98 | |
 GPOR | 2.9B | 160.71 | 7.48 | 42.53% | 41.91% | 32.67% | 0.43 | |
 FANG | 51.62B | 183.50 | 32.02 | 36.31% | 2.65% | 0.93% | 0.34 | |
 SM | 3.12B | 27.14 | 4.81 | 18.07% | 3.45% | 2.49% | 0.48 | |
 HAL | 29.17B | 34.93 | 23.29 | -3.31% | 6.95% | 14.59% | 0.77 |
Compare NOG vs Peers
Northern Oil and Gas, Inc. (NOG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NOG Income Statement
Northern Oil and Gas, Inc. (NOG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 223.99M | 493.92M | 601.24M | 324.07M | 975.09M | 1.99B | 1.91B | 2.16B | 2.1B | 2.06B |
Revenue Growth % | 40.23% | 120.51% | 21.73% | -46.1% | 200.89% | 103.65% | -3.97% | 13.46% | -3.18% | -6.81% |
Cost of Goods Sold | 129.84M | 231.73M | 386.87M | 308.24M | 388.6M | 670.14M | 993.15M | 1.33B | 1.42B | 1.43B |
COGS % of Revenue | 57.97% | 46.92% | 64.35% | 95.12% | 39.85% | 33.75% | 52.08% | 61.36% | 67.77% | - |
Gross Profit | 94.15M▲ 0% | 262.19M▲ 178.5% | 214.37M▼ 18.2% | 15.83M▼ 92.6% | 586.49M▲ 3604.9% | 1.32B▲ 124.3% | 913.86M▼ 30.5% | 835.98M▼ 8.5% | 675.2M▼ 19.2% | 629.56M▲ 0% |
Gross Margin % | 42.03% | 53.08% | 35.65% | 4.88% | 60.15% | 66.25% | 47.92% | 38.64% | 32.23% | 30.58% |
Gross Profit Growth % | 152.52% | 178.49% | -18.24% | -92.62% | 3604.95% | 124.33% | -30.54% | -8.52% | -19.23% | - |
Operating Expenses | 18.99M | 14.57M | 158.86M | 857.07M | 508.53M | 462.46M | -208M | -1.85M | 61.33M | 93.43M |
OpEx % of Revenue | 8.48% | 2.95% | 26.42% | 264.47% | 52.15% | 23.29% | -10.91% | -0.09% | 2.93% | - |
Selling, General & Admin | 18.99M | 14.57M | 23.62M | 18.55M | 30.34M | 47.2M | 46.8M | 50.46M | 61.33M | 70.03M |
SG&A % of Revenue | 8.48% | 2.95% | 3.93% | 5.72% | 3.11% | 2.38% | 2.45% | 2.33% | 2.93% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 20.91K | 890.97K | 135.24M | 838.53M | 478.19M | 415.26M | -254.8M | -52.32M | 0 | 1000K |
Operating Income | 60.49M▲ 0% | 432.63M▲ 615.1% | 55.51M▼ 87.2% | -841.24M▼ 1615.5% | 77.96M▲ 109.3% | 853.19M▲ 994.4% | 1.12B▲ 31.5% | 837.83M▼ 25.3% | 613.87M▼ 26.7% | 536.13M▲ 0% |
Operating Margin % | 27.01% | 87.59% | 9.23% | -259.59% | 7.99% | 42.96% | 58.83% | 38.72% | 29.3% | 26.04% |
Operating Income Growth % | 126.38% | 615.15% | -87.17% | -1615.51% | 109.27% | 994.41% | 31.49% | -25.32% | -26.73% | - |
EBITDA | 120M | 552.41M | 265.71M | -679.12M | 218.79M | 1.1B | 1.61B | 1.58B | 1.43B | 1.34B |
EBITDA Margin % | 53.57% | 111.84% | 44.19% | -209.56% | 22.44% | 55.62% | 84.31% | 72.96% | 68.2% | 65.2% |
EBITDA Growth % | 171.4% | 360.36% | -51.9% | -355.59% | 132.22% | 404.81% | 45.58% | -1.81% | -9.5% | -24.9% |
D&A (Non-Cash Add-back) | 59.5M | 119.78M | 210.2M | 162.12M | 140.83M | 251.27M | 486.02M | 740.9M | 814.86M | 806.27M |
EBIT | 59.52M | 230.52M | 4.36M | -847.7M | 65.61M | 856.67M | 1.14B | 838.53M | 235.09M | 161.17M |
Net Interest Income | -70.29M | -86.89M | -80.68M | -58.5M | -59.02M | -80.33M | -135.66M | -157.72M | -172.38M | -171.12M |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 70.29M | 86.89M | 80.68M | 58.5M | 59.02M | 80.33M | 135.66M | 157.72M | 172.38M | 171.12M |
Other Income/Expense | -71.26M | -103.99M | -131.83M | -64.96M | -71.36M | -76.85M | -121.12M | -157.01M | -551.16M | -1.36B |
Pretax Income | -10.76M▲ 0% | 143.63M▲ 1434.4% | -76.32M▼ 153.1% | -906.21M▼ 1087.4% | 6.59M▲ 100.7% | 776.34M▲ 11673.4% | 1B▲ 28.9% | 680.82M▼ 32.0% | 62.7M▼ 90.8% | -819M▲ 0% |
Pretax Margin % | -4.81% | 29.08% | -12.69% | -279.63% | 0.68% | 39.09% | 52.48% | 31.46% | 2.99% | -39.78% |
Income Tax | -1.57M | -55K | 0 | -166K | 233K | 3.1M | 77.77M | 160.51M | 23.94M | -195.93M |
Effective Tax Rate % | 14.59% | -0.04% | 0% | 0.02% | 3.53% | 0.4% | 7.77% | 23.58% | 38.19% | 23.92% |
Net Income | -9.19M▲ 0% | 143.69M▲ 1662.9% | -76.32M▼ 153.1% | -906.04M▼ 1087.2% | 6.36M▲ 100.7% | 773.24M▲ 12055.9% | 922.97M▲ 19.4% | 520.31M▼ 43.6% | 38.76M▼ 92.6% | -623.07M▲ 0% |
Net Margin % | -4.1% | 29.09% | -12.69% | -279.58% | 0.65% | 38.94% | 48.4% | 24.05% | 1.85% | -30.26% |
Net Income Growth % | 96.87% | 1662.86% | -153.11% | -1087.19% | 100.7% | 12055.9% | 19.36% | -43.63% | -92.55% | -196.2% |
Net Income (Continuing) | -9.19M | 143.69M | -76.32M | -906.04M | 6.36M | 773.24M | 922.97M | 520.31M | 38.76M | -623.07M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -1.50▲ 0% | 6.07▲ 504.7% | -2.00▼ 132.9% | -21.55▼ 977.5% | -0.13▲ 99.4% | 8.40▲ 6561.5% | 10.03▲ 19.4% | 5.14▼ 48.8% | 0.39▼ 92.4% | -6.33▲ 0% |
EPS Growth % | 96.88% | 504.67% | -132.95% | -977.5% | 99.4% | 6561.54% | 19.4% | -48.75% | -92.41% | -198.29% |
EPS (Basic) | -1.50 | 6.08 | -2.00 | -21.55 | -0.13 | 9.26 | 10.09 | 5.21 | 0.40 | - |
Diluted Shares Outstanding | 6.24M | 23.68M | 38.71M | 42.74M | 62.99M | 86.67M | 92.06M | 101.27M | 99.31M | 98.5M |
Basic Shares Outstanding | 6.13M | 23.62M | 38.71M | 42.74M | 62.99M | 78.56M | 91.48M | 99.85M | 97.71M | 98.5M |
Dividend Payout Ratio | - | - | - | - | 77.63% | 6.67% | 13.43% | 31.13% | 447.37% | - |
NOG Balance Sheet
Northern Oil and Gas, Inc. (NOG) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 152.76M | 228.41M | 133.04M | 125.63M | 215.33M | 320.49M | 509.41M | 500.74M | 586.03M | 472.9M |
Cash & Short-Term Investments | 102.18M | 2.36M | 16.07M | 1.43M | 9.52M | 2.53M | 8.2M | 8.93M | 14.3M | 37.04M |
Cash Only | 102.18M | 2.36M | 16.07M | 1.43M | 9.52M | 2.53M | 8.2M | 8.93M | 14.3M | 37.04M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 47.64M | 96.35M | 108.48M | 71.02M | 193.55M | 271.67M | 373.78M | 427.72M | 349.93M | 409.17M |
Days Sales Outstanding | 77.63 | 71.2 | 65.86 | 79.98 | 72.45 | 49.94 | 71.54 | 72.15 | 60.96 | 67.89 |
Inventory | 604.98K | 116.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | 1.7 | 182.93 | - | - | - | - | - | - | - | - |
Other Current Assets | 2.33M | 128.23M | 7.59M | 52.71M | 5.94M | 37.31M | 78.22M | 51.8M | 221.81M | 26.69M |
Total Non-Current Assets | 479.5M | 1.28B | 1.77B | 746.46M | 1.31B | 2.55B | 3.97B | 5.1B | 4.82B | 5.04B |
Property, Plant & Equipment | 473.22M | 1.2B | 1.75B | 735.2M | 1.25B | 2.48B | 3.93B | 5.08B | 3.2M | 2.85M |
Fixed Asset Turnover | 0.47x | 0.41x | 0.34x | 0.44x | 0.78x | 0.80x | 0.49x | 0.43x | 655.53x | 0.82x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 66.94M | 0 | 0 | 0 | 15.75M | 0 | 9.83M | 3.04M | 10.01M |
Other Non-Current Assets | 5.49M | 72.07M | 23.63M | 11.26M | 54.2M | 56.02M | 43.28M | 11.08M | 4.82B | 5.03B |
Total Assets | 632.25M▲ 0% | 1.5B▲ 137.8% | 1.91B▲ 26.7% | 872.09M▼ 54.2% | 1.52B▲ 74.6% | 2.88B▲ 88.8% | 4.48B▲ 56.0% | 5.6B▲ 25.0% | 5.41B▼ 3.5% | 5.51B▲ 0% |
Asset Turnover | 0.35x | 0.33x | 0.32x | 0.37x | 0.64x | 0.69x | 0.43x | 0.39x | 0.39x | 0.37x |
Asset Growth % | 46.51% | 137.82% | 26.72% | -54.23% | 74.62% | 88.8% | 55.96% | 24.97% | -3.47% | 23.09% |
Total Current Liabilities | 123.58M | 231.53M | 203.48M | 182.47M | 327.56M | 344.97M | 385.76M | 544.27M | 539.29M | 899.38M |
Accounts Payable | 93.15M | 55.02M | 69.39M | 35.8M | 65.46M | 128.58M | 192.67M | 202.87M | 218.62M | 234.92M |
Days Payables Outstanding | 261.87 | 86.66 | 65.47 | 42.4 | 61.49 | 70.03 | 70.81 | 55.77 | 56.2 | 50.29 |
Short-Term Debt | 0 | 18.18M | 0 | 65M | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | -18.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 19.25M | 58.62M | 12.09M | 4.66M | 136M | 70.31M | 18.93M | 24.62M | 320.67M | 664.46M |
Current Ratio | 1.24x | 0.99x | 0.65x | 0.69x | 0.66x | 0.93x | 1.32x | 0.92x | 1.09x | 0.53x |
Quick Ratio | 1.23x | 0.48x | 0.65x | 0.69x | 0.66x | 0.93x | 1.32x | 0.92x | 1.09x | 0.53x |
Cash Conversion Cycle | -182.54 | 167.48 | - | - | - | - | - | - | - | 17.6 |
Total Non-Current Liabilities | 999.52M | 842.25M | 1.14B | 912.92M | 980.17M | 1.78B | 2.05B | 2.74B | 2.74B | 2.83B |
Long-Term Debt | 979.32M | 830.2M | 1.12B | 879.84M | 803.44M | 1.53B | 1.84B | 2.37B | 2.4B | 2.55B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 0 | 104.58K | 0 | 0 | 0 | 0 | 68.49M | 228.04M | 247.65M | 886.07M |
Other Non-Current Liabilities | 20.19M | 12.05M | 25.18M | 33.08M | 176.74M | 259.53M | 146.78M | 141.78M | 100.7M | 203.11M |
Total Liabilities | 1.12B | 1.07B | 1.35B | 1.1B | 1.31B | 2.13B | 2.44B | 3.28B | 3.28B | 3.73B |
Total Debt | 979.32M | 830.2M | 1.12B | 944.84M | 803.44M | 1.53B | 1.84B | 2.37B | 2.4B | 2.55B |
Net Debt | 877.14M | 827.85M | 1.1B | 943.41M | 793.92M | 1.52B | 1.83B | 2.36B | 2.38B | 2.51B |
Debt / Equity | - | 1.93x | 2.00x | - | 3.73x | 2.05x | 0.90x | 1.02x | 1.13x | 1.43x |
Debt / EBITDA | 8.16x | 1.50x | 4.21x | - | 3.67x | 1.38x | 1.14x | 1.50x | 1.68x | 1.90x |
Net Debt / EBITDA | 7.31x | 1.50x | 4.15x | - | 3.63x | 1.38x | 1.14x | 1.50x | 1.67x | 1.87x |
Interest Coverage | 0.85x | 2.65x | 0.05x | -14.49x | 1.11x | 10.66x | 8.38x | 5.32x | 1.36x | 0.94x |
Total Equity | -490.84M▲ 0% | 429.86M▲ 187.6% | 558.64M▲ 30.0% | -223.3M▼ 140.0% | 215.13M▲ 196.3% | 745.26M▲ 246.4% | 2.05B▲ 174.8% | 2.32B▲ 13.3% | 2.13B▼ 8.4% | 1.78B▲ 0% |
Equity Growth % | -0.7% | 187.58% | 29.96% | -139.97% | 196.34% | 246.42% | 174.76% | 13.32% | -8.36% | -20.4% |
Book Value per Share | -78.65 | 18.16 | 14.43 | -5.22 | 3.42 | 8.60 | 22.24 | 22.91 | 21.41 | 18.12 |
Total Shareholders' Equity | -490.84M | 429.86M | 558.64M | -223.3M | 215.13M | 745.26M | 2.05B | 2.32B | 2.13B | 1.78B |
Common Stock | 66.79K | 378.33K | 406K | 448K | 479K | 487K | 503K | 501K | 499K | 508K |
Retained Earnings | -940.57M | -796.88M | -873.2M | -1.78B | -1.77B | -1B | -77.79M | 442.52M | 481.28M | -41.57M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -2.11B | -2.23B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NOG Cash Flow Statement
Northern Oil and Gas, Inc. (NOG) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 72.97M | 244.26M | 339.75M | 331.69M | 396.47M | 928.42M | 1.18B | 1.41B | 1.51B | 1.42B |
Operating CF Margin % | 32.58% | 49.45% | 56.51% | 102.35% | 40.66% | 46.75% | 62.05% | 65.1% | 71.85% | - |
Operating CF Growth % | -28.39% | 234.76% | 39.09% | -2.37% | 19.53% | 134.17% | 27.46% | 19.04% | 6.86% | 3.17% |
Net Income | -9.19M | 143.69M | -76.32M | -906.04M | 6.36M | 773.24M | 922.97M | 0 | 38.76M | -623.07M |
Depreciation & Amortization | 59.5M | 119.78M | 210.2M | 162.12M | 140.83M | 251.27M | 486.02M | 740.9M | 814.86M | 1.13B |
Stock-Based Compensation | 3.29M | 4M | 7.96M | 4.12M | 3.62M | 5.66M | 5.66M | 11.97M | 15.36M | 15.5M |
Deferred Taxes | -785K | 365K | 210K | 210K | 233K | -571K | 76.86M | 159.55M | 23.57M | -158.79M |
Other Non-Cash Items | 27M | 2.17M | 198.09M | 1.04B | 331.24M | -38.78M | -202.06M | 550.13M | 542.67M | 1B |
Working Capital Changes | -6.84M | -25.73M | -391K | 34.14M | -85.81M | -62.4M | -106.14M | -53.89M | 70.06M | 57.77M |
Change in Receivables | -9.72M | -49.12M | -11.54M | 37.64M | -122.16M | -74.9M | -101.32M | -52.17M | 59.73M | 10.94M |
Change in Inventory | -353.32K | 26.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 2.61M | -2.28M | -16.93M | -1.09M | 14.09M | -338K | -15.24M | -4.41M | 14.88M | 70.88M |
Cash from Investing | -119.24M | -474.52M | -569.13M | -283.93M | -634.43M | -1.4B | -1.86B | -1.67B | -1.25B | -1.62B |
Capital Expenditures | -119.41M | -474.59M | -230.34M | -283.93M | -593.78M | -1.36B | -1.85B | -1.69B | -1.25B | -352.37M |
CapEx % of Revenue | 53.31% | 96.09% | 38.31% | 87.61% | 60.9% | 68.47% | 96.76% | 78.19% | 59.78% | 17.12% |
Acquisitions | 171.45K | 67.69K | 0 | 0 | -40.65M | -43M | -17.09M | 17.09M | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 171.45K | 67.69K | -338.79M | 1K | 0 | -1K | 0 | 0 | 0 | -1.27B |
Cash from Financing | 141.97M | 130.43M | 243.09M | -62.4M | 246.06M | 467.37M | 684.69M | 266.83M | -247.46M | 204.57M |
Debt Issued (Net) | 156M | 40.05M | 212.53M | -61.51M | -139.42M | 722.06M | 316.4M | 529M | -14.12M | 45.94M |
Equity Issued (Net) | 0 | -22.88M | 55.76M | 0 | 438.08M | -135.74M | 506.75M | -94.5M | -57.01M | -42.01M |
Dividends Paid | 0 | 0 | 0 | 0 | -34.15M | -73.27M | -123.94M | -161.97M | -173.4M | -176.15M |
Share Repurchases | -668.39K | -22.2M | -15.11M | 0 | 0 | -54.5M | -8M | -94.5M | -57.01M | -42.01M |
Other Financing | -14.03M | 113.26M | -25.2M | -885K | -18.45M | -45.69M | -14.51M | -5.71M | -2.93M | 376.79M |
Net Change in Cash | 95.7M▲ 0% | -99.83M▼ 204.3% | 13.71M▲ 113.7% | -14.64M▼ 206.8% | 8.09M▲ 155.3% | -6.99M▼ 186.4% | 5.67M▲ 181.1% | 738K▼ 87.0% | 5.37M▲ 627.1% | 3.46M▲ 0% |
Free Cash Flow | -46.44M▲ 0% | -230.32M▼ 395.9% | -229.38M▲ 0.4% | 47.76M▲ 120.8% | -197.32M▼ 513.2% | -431.36M▼ 118.6% | -661.93M▼ 53.5% | -283.19M▲ 57.2% | 252.83M▲ 189.3% | -114.73M▲ 0% |
FCF Margin % | -20.74% | -46.63% | -38.15% | 14.74% | -20.24% | -21.72% | -34.71% | -13.09% | 12.07% | -5.57% |
FCF Growth % | -631.34% | -395.92% | 0.41% | 120.82% | -513.16% | -118.61% | -53.45% | 57.22% | 189.28% | 21.91% |
FCF per Share | -7.44 | -9.73 | -5.93 | 1.12 | -3.13 | -4.98 | -7.19 | -2.80 | 2.55 | -1.16 |
FCF Conversion (FCF/Net Income) | -7.94x | 1.70x | -4.45x | -0.37x | 62.33x | 1.20x | 1.28x | 2.71x | 38.84x | 0.18x |
Interest Paid | 0 | 0 | 78.6M | 55.11M | 46.95M | 74.93M | 128.94M | 152.06M | 0 | 82.58M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 3.67M | 3.83M | 332K | 0 | 0 |
NOG Key Ratios
Northern Oil and Gas, Inc. (NOG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | 33.43% | -15.44% | -540.37% | 2.96% | 161.03% | 66.09% | 23.82% | 1.74% | -29.09% |
Return on Invested Capital (ROIC) | 12.52% | 39.47% | 2.85% | -53% | 6.76% | 39.05% | 27.39% | 14.69% | 10.02% | 8.88% |
Gross Margin | 42.03% | 53.08% | 35.65% | 4.88% | 60.15% | 66.25% | 47.92% | 38.64% | 32.23% | 30.58% |
Net Margin | -4.1% | 29.09% | -12.69% | -279.58% | 0.65% | 38.94% | 48.4% | 24.05% | 1.85% | -30.26% |
Debt / Equity | - | 1.93x | 2.00x | - | 3.73x | 2.05x | 0.90x | 1.02x | 1.13x | 1.43x |
Interest Coverage | 0.85x | 2.65x | 0.05x | -14.49x | 1.11x | 10.66x | 8.38x | 5.32x | 1.36x | 0.94x |
FCF Conversion | -7.94x | 1.70x | -4.45x | -0.37x | 62.33x | 1.20x | 1.28x | 2.71x | 38.84x | 0.18x |
Revenue Growth | 40.23% | 120.51% | 21.73% | -46.1% | 200.89% | 103.65% | -3.97% | 13.46% | -3.18% | -6.81% |
Related:NOG Dividend History·NOG Revenue History·NOG Price History·NOG P/E History·NOG Financial Ratios·NOG Institutional Holders
NOG SEC Filings & Documents
Northern Oil and Gas, Inc. (NOG) SEC filings — annual & quarterly reports (10-K, 10-Q)
NOG Frequently Asked Questions
Northern Oil and Gas, Inc. (NOG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Northern Oil and Gas, Inc. (NOG) reported $2.06B in revenue for fiscal year 2025.
Northern Oil and Gas, Inc. (NOG) saw revenue decline by 3.2% over the past year.
Northern Oil and Gas, Inc. (NOG) reported a net loss of $623.1M for fiscal year 2025.
Dividend & Returns
Yes, Northern Oil and Gas, Inc. (NOG) pays a dividend with a yield of 8.98%. This makes it attractive for income-focused investors.
Northern Oil and Gas, Inc. (NOG) has a return on equity (ROE) of 1.7%. This is below average, suggesting room for improvement.
Northern Oil and Gas, Inc. (NOG) had negative free cash flow of $114.7M in fiscal year 2025, likely due to heavy capital investments.