Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
26.60
+0.24 (0.91%)
Sep 2, 2026, 4:00 PM EDT - Market closed

Northern Oil and Gas Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,0121,9642,0071,7471,828898.14
Revenue Growth
-3.91%-2.14%14.87%-4.42%103.49%205.19%
Gross Profit
1,5171,4901,5771,4001,567727.32
Operating Income
424.1989.48842.231,127861.8980.96
Net Income
-486.0338.76520.31922.97727.7-8.4
Earnings Per Share
-4.880.395.1410.038.92-0.13
EPS Growth
--92.41%-48.75%12.43%--

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Oil
1,7631,6271,8981,6461,475773.47
Natural Gas and NGL
377.13453.8254.22251.68511.19201.62
Net Gain on Commodity Derivatives
-238.79380.6661.97259.25-415.26-478.19
Other Product
15.2513.7711.689.23-0
Revenue (Total)
1,9172,4762,2262,1661,571496.9

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
47.614.38.938.22.539.52
Total Debt
2,7252,3952,3691,8361,525803.63
Net Cash (Debt)
-2,677-2,381-2,360-1,827-1,523-794.11
Net Cash Growth
------
Net Cash Per Share
-26.86-23.98-23.31-19.85-17.57-12.61

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,3811,5051,4091,183928.42396.47
Capital Expenditures
-1,675-1,252-1,675-1,862-1,360-593.78
Free Cash Flow
-294.16252.83-266.09-679.03-431.36-197.32
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
75.40%75.88%78.58%80.14%85.74%80.98%
Operating Margin
21.08%50.39%41.97%64.52%47.16%9.01%
Pretax Margin
-31.82%3.19%33.93%57.29%42.48%0.73%
Profit Margin
-24.15%1.97%25.93%52.84%39.82%-0.94%
FCF Margin
-14.62%12.88%-13.26%-38.87%-23.60%-21.97%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.8001.8001.6401.4900.8800.155
Dividend Per Share Growth
1.69%9.76%10.07%69.32%467.74%-
Dividend Yield
6.77%8.71%4.91%4.67%3.46%0.94%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-53.817.094.033.60-
Forward PE
6.146.837.674.863.043.36
P/FCF Ratio
-8.25----
PS Ratio
1.401.061.842.131.431.76