Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
22.14
-0.13 (-0.58%)
At close: Nov 5, 2026, 4:00 PM EST
22.62
+0.48 (2.17%)
Pre-market: Nov 6, 2026, 4:08 AM EST

Northern Oil and Gas Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,1941,9642,0071,7471,828898.14
Revenue Growth
-41.75%-2.14%14.87%-4.42%103.49%205.19%
Gross Profit
642.171,4901,5771,4001,567727.32
Operating Income
131.53989.48842.231,127861.8980.96
Net Income
-468.7638.76520.31922.97727.7-8.4
Earnings Per Share
-4.600.395.1410.038.92-0.13
EPS Growth
--92.41%-48.75%12.43%--

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Oil
-1,6271,8981,6461,475773.47
Natural Gas and NGL
-453.8254.22251.68511.19201.62
Net Gain on Commodity Derivatives
-669.01380.6661.97259.25-415.26-478.19
Other Product
19.2913.7711.689.23-0
Revenue (Total)
1,7062,4762,2262,1661,571496.9

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
26.4214.38.938.22.539.52
Total Debt
2,6162,3952,3691,8361,525803.63
Net Cash (Debt)
-2,590-2,381-2,360-1,827-1,523-794.11
Net Cash Growth
------
Net Cash Per Share
-25.42-23.98-23.31-19.85-17.57-12.61

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-1,5051,4091,183928.42396.47
Capital Expenditures
--1,252-1,675-1,862-1,360-593.78
Free Cash Flow
-252.83-266.09-679.03-431.36-197.32
Free Cash Flow Growth
------

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
53.77%75.88%78.58%80.14%85.74%80.98%
Operating Margin
11.01%50.39%41.97%64.52%47.16%9.01%
Pretax Margin
-49.97%3.19%33.93%57.29%42.48%0.73%
Profit Margin
-39.25%1.97%25.93%52.84%39.82%-0.94%
FCF Margin
-12.88%-13.26%-38.87%-23.60%-21.97%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
0%9.76%10.07%69.32%467.74%-
Dividend Yield
8.13%8.36%4.38%4.02%2.85%0.75%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-53.817.094.033.60-
Forward PE
4.286.837.674.863.043.36
P/FCF Ratio
-8.25----
PS Ratio
1.971.061.842.131.431.76