Northern Oil and Gas, Inc. (NOG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 323.62M | 312.63M | 423.12M | 362.11M | 407.43M | 290.28M | 385.76M | 340.48M | 392.15M | 342.36M | 263.87M | 307.79M | 269.31M | 287.38M | 276.77M | 210.24M | 154.03M | 133.1M | 94.41M | 106.19M |
| Operating CF Margin % | 59.48% | 69.34% | 87.09% | 62.65% | 70.21% | 52.85% | 74.83% | 60.35% | 73.32% | 62.69% | 51.38% | 73.5% | 62.84% | 64.49% | 51.82% | 38.25% | 33.75% | 40.05% | 36.36% | 47.04% |
| Operating CF Growth % | -20.57% | 7.7% | 9.68% | 6.35% | 3.9% | -15.21% | 46.2% | 10.62% | 45.61% | 19.13% | -4.66% | 46.4% | 74.84% | 115.91% | 193.14% | 97.99% | 145.41% | 82.25% | 67.36% | 4.53% |
| Net Income | -522.85M | -70.73M | -129.07M | 99.58M | 138.98M | 71.7M | 298.45M | 138.56M | 11.61M | 388.85M | 26.11M | 167.81M | 340.19M | 145.07M | 583.47M | 251.26M | -206.56M | 174.73M | 12.55M | -90.56M |
| Depreciation & Amortization | 197.1M | 204.08M | 519.63M | 205.74M | 205.69M | 0 | 185.66M | 176.61M | 173.96M | 151.19M | 133.79M | 106.43M | 94.62M | 77.32M | 65.98M | 54.8M | 53.19M | 42.81M | 35.88M | 30.91M |
| Stock-Based Compensation | 3.71M | 3.92M | 4.09M | 3.78M | 3.58M | 3.57M | 3.1M | 0 | 2.27M | 1.18M | 0 | 1.04M | 2.15M | 1.45M | 1.34M | 1.42M | 1.45M | 0 | 0 | 780K |
| Deferred Taxes | -171.22M | -15.6M | 0 | 28.03M | 46.65M | 17.3M | 97.87M | 41.62M | 2.76M | 58.74M | -20.69M | 38.12M | 692K | -1.38M | 662K | -646K | 789K | 233K | 0 | 0 |
| Other Non-Cash Items | 816.88M | 194.9M | -58.1M | 49.85M | -7.47M | 266.29M | -193.32M | 17.36M | 161.88M | -234.05M | 207.79M | -33.03M | -141.48M | 11.89M | -382.18M | -54.65M | 386.16M | -59.77M | 73.86M | 177.26M |
| Working Capital Changes | 0 | -3.93M | 86.56M | -24.87M | 20M | -68.58M | -5.99M | -33.68M | 39.67M | -23.55M | -83.13M | 27.41M | -26.86M | 53.03M | 7.5M | -41.95M | -80.98M | -24.91M | -27.89M | -12.2M |
| Change in Receivables | -45.36M | -17.39M | 76.29M | -2.59M | 8.25M | -72.44M | 8.08M | -27.53M | 39.72M | -9.73M | -98.28M | 9.55M | -2.87M | 47M | 42.92M | -62.79M | -102.03M | -35.41M | -26.79M | -36.27M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 68.94M | 20.82M | 0 | -18.88M | 15.82M | -2.75M | -1.26M | -3.04M | 2.64M | -15.77M | 16.05M | -3.61M | -11.9M | -16.34M | -25.3M | 8.05M | 33.24M | -7.59M | 8.15M | 8.48M |
| Cash from Investing | -634.68M | -308.07M | -352.58M | -327.25M | -264.56M | -662.64M | -381.86M | -223.2M | -407.06M | -378.14M | -612.82M | -410.16M | -461.22M | -544.24M | -312.76M | -128.18M | -417.6M | -269.62M | -151.28M | -160.87M |
| Capital Expenditures | 0 | 106K | -352.58M | 106K | 0 | -1.69B | 604.75M | -223.2M | -407.06M | -1.84B | -650.32M | -265K | -238K | -1.36B | -26K | -4.44M | -117K | -228.97M | -160.68M | 1.79M |
| CapEx % of Revenue | - | 0.02% | 72.57% | 0.02% | 44.9% | 308.04% | 117.32% | 39.56% | 76.1% | 337.77% | 126.64% | 0.06% | 0.06% | 304.1% | 0% | 0.81% | 0.03% | 68.89% | 61.88% | 0.79% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 25.5M | 0 | 0 | 0 | -17.09M | 0 | 0 | 0 | -14.5M | -11.5M | -17M | 0 | 0 | 0 | 8.1M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -634.68M | -308.18M | 0 | -327.36M | -264.56M | 1B | -986.62M | 0 | 0 | 1.48B | 37.5M | -409.89M | -460.98M | 825.46M | -301.24M | -106.74M | -417.48M | -40.65M | 9.4M | -170.76M |
| Cash from Financing | 333.81M | -21.91M | -64.75M | -42.58M | -118.22M | 346.94M | 22.68M | -141.97M | 39.18M | 31.02M | 347.1M | 111.11M | 195.46M | 250.25M | 43.66M | -83.92M | 257.38M | 144.03M | 54.02M | 56.8M |
| Debt Issued (Net) | 0 | 224.49M | -21M | -157.55M | -60M | 415M | 77M | -66.88M | 102M | -223M | 381.42M | -84.65M | 231.53M | 355.9M | 67.54M | -23.41M | 316M | -55.67M | 56M | -15.67M |
| Equity Issued (Net) | 0 | -7.01M | 0 | -35M | -15.01M | -25.17M | -14.45M | -34.87M | -20.01M | 290.07M | 0 | 224.68M | -8M | -33M | -8.69M | -43.82M | -50.23M | 209.88M | 0 | 95.3M |
| Dividends Paid | -44.48M | -43.7M | -43.7M | -44.27M | -41.73M | -41.78M | -39.87M | -40.22M | -40.1M | -35.25M | -34.32M | -28.92M | -25.45M | -35.39M | -15.01M | -16.69M | -6.18M | -10.17M | -1.98M | -22M |
| Share Repurchases | 0 | -7.01M | 0 | -35M | -15.01M | -25.17M | -14.45M | -34.87M | -20.01M | 0 | 0 | 0 | -8M | -33M | -8.69M | -43.82M | 0 | 0 | 0 | 0 |
| Other Financing | 378.28M | -195.69M | -54K | 194.25M | -1.49M | -1.11M | -3K | -1K | -2.71M | -793K | 1K | -1K | -2.65M | -37.25M | -186K | 0 | -2.22M | 0 | 0 | -831K |
| Net Change in Cash | 22.74M | -17.35M | 5.79M | -7.72M | 24.64M | -25.42M | 26.58M | -24.69M | 24.27M | -4.76M | -1.85M | 8.73M | 3.54M | -6.6M | 7.66M | -1.86M | -6.18M | 7.51M | -2.84M | 2.11M |
| Free Cash Flow | 323.62M | -539.74M | 70.54M | 30.86M | 146.87M | -414.95M | 3.9M | 117.28M | -14.91M | -18.69M | -386.46M | -64.87M | -191.91M | -242.35M | -24.5M | 99.06M | -263.56M | -95.86M | -66.26M | -62.78M |
| FCF Margin % | 59.48% | -119.71% | 14.52% | 5.34% | 25.31% | -75.56% | 0.76% | 20.79% | -2.79% | -3.42% | -75.26% | -15.49% | -44.78% | -54.38% | -4.59% | 18.02% | -57.74% | -28.84% | -25.52% | -27.81% |
| FCF Growth % | 120.34% | -30.07% | 1708.79% | -73.69% | 1085.1% | -2120.55% | 101.01% | 280.78% | 92.23% | 92.29% | -1477.44% | -165.49% | 27.19% | -152.81% | 63.03% | 257.78% | -1055.15% | -349.43% | -1987.68% | -484.13% |
| FCF per Share | 3.29 | -5.43 | 0.73 | 0.31 | 1.47 | -4.10 | 0.04 | 1.15 | -0.15 | -0.19 | -4.12 | -0.73 | -2.25 | -2.96 | -0.28 | 1.14 | -3.43 | -1.17 | -0.99 | -1.03 |
| FCF Conversion (FCF/Net Income) | -0.62x | -4.42x | -3.28x | 3.64x | 2.93x | 4.05x | 1.29x | 2.46x | 33.79x | 0.88x | 10.11x | 1.83x | 0.79x | 1.98x | 0.47x | 0.84x | -0.75x | 0.76x | 7.52x | -1.17x |
| Interest Paid | 0 | 0 | 38.86M | 43.71M | 0 | 45.83M | 0 | 0 | 0 | 0 | 0 | 0 | 28.88M | 0 | 0 | 0 | 29.15M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 36K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65K | 0 | 0 | 0 |