Northern Oil and Gas Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,950	1,995	1,738	1,828	898.14
Other Revenue	13.77	11.68	9.23	-	0
Revenue	1,964	2,007	1,747	1,828	898.14
Revenue Growth (YoY)	-2.14%	14.87%	-4.42%	103.49%	205.19%
Cost of Revenue	473.67	429.79	347.01	260.68	170.82
Gross Profit	1,490	1,577	1,400	1,567	727.32
Selling, General & Admin	61.33	49.86	46.8	47.2	30.34
Other Operating Expenses	-367.82	-52.32	-254.8	415.26	478.19
Operating Expenses	500.58	734.65	272.82	705.04	646.36
Operating Income	989.48	842.23	1,127	861.89	80.96
Interest Expense	-172.95	-157.45	-136.68	-79.34	-57.98
Other Non Operating Income (Expenses)	0.64	0.44	4.8	-0.19	-0.01
EBT Excluding Unusual Items	817.18	685.22	995.18	782.37	22.97
Merger & Restructuring Charges	-	-0.6	-	-	-
Asset Writedown	-710.55	-3.8	-5.2	-8.7	-3
Legal Settlements	-33.09	-	-	-	-
Other Unusual Items	-10.83	-	10.77	2.67	-13.38
Pretax Income	62.71	680.82	1,001	776.34	6.59
Income Tax Expense	23.94	160.51	77.77	3.1	0.23
Net Income	38.76	520.31	922.97	773.24	6.36
Preferred Dividends & Other Adjustments	-	-	-	45.53	14.76
Net Income to Common	38.76	520.31	922.97	727.7	-8.4
Net Income Growth	-92.55%	-43.63%	19.36%	12055.90%	-
Shares Outstanding (Basic)	98	100	91	79	63
Shares Outstanding (Diluted)	99	101	92	87	63
Shares Change (YoY)	-1.93%	10.00%	6.21%	37.60%	47.36%
EPS (Basic)	0.40	5.21	10.09	9.26	-0.13
EPS (Diluted)	0.39	5.14	10.03	8.92	-0.13
EPS Growth	-92.41%	-48.75%	12.43%	-	-
Free Cash Flow	252.83	-266.09	-679.03	-431.36	-197.32
Free Cash Flow Per Share	2.55	-2.63	-7.38	-4.98	-3.13
Dividend Per Share	1.800	1.640	1.490	0.880	0.155
Dividend Growth	9.76%	10.07%	69.32%	467.74%	-
Gross Margin	75.88%	78.58%	80.14%	85.74%	80.98%
Operating Margin	50.39%	41.97%	64.52%	47.16%	9.01%
Profit Margin	1.97%	25.93%	52.84%	39.82%	-0.94%
Free Cash Flow Margin	12.88%	-13.26%	-38.87%	-23.60%	-21.97%
EBITDA	1,797	1,579	1,608	1,104	218.79
EBITDA Margin	91.49%	78.70%	92.04%	60.43%	24.36%
D&A For EBITDA	807.06	737.1	480.82	242.57	137.83
EBIT	989.48	842.23	1,127	861.89	80.96
EBIT Margin	50.39%	41.97%	64.52%	47.16%	9.01%
Effective Tax Rate	38.19%	23.58%	7.77%	0.40%	3.53%
Revenue as Reported	2,476	2,226	2,166	1,571	496.9

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q