Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc.

NOG
Northern Oil and Gas, Inc.US flagNew York Stock Exchange
20.79
USD
+0.37
- -
2.20BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
59.2
71.12
33.42
26.11
35.89
20.91
15.53
7.58
15.48
25.28
20.85
21.67
21.44
21.07
Basic EPS, GAAP
8.51
26.98
-160.81
-47.98
-1.47
6.08
-2
-21.55
-0.13
9.72
10.09
5.21
0.4
-6.38
Free Cash Flow per Basic Share
35.66
45.16
40.71
13.35
9.38
-0.58
2.83
1.12
-3.13
-5.49
-7.42
-2.66
2.59
1.74
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.54
0.93
1.35
1.62
1.77
1.8
Book Value per Share
27.87
55.61
-105.16
-152.24
-150.7
-33.72
-22.55
-41.64
-28.16
-12.73
-0.84
4.44
4.93
-0.42
Tangible Book Value per Share
99.39
127.01
-32.58
-79.68
-78.65
18.2
14.43
-5.22
3.42
9.49
22.38
23.24
21.76
18.26
Basic Weighted Avg Shares
6
6
6
6
6
24
39
43
63
79
91
100
98
98
Sales/Revenue/Turnover
369
432
203
160
224
494
601
324
975
1,986
1,907
2,164
2,095
2,059
Operating Margin (%)
41.02
32.84
-13.72
14.1
33.56
50.13
31.73
-0.84
57.04
63.88
45.23
35.86
28.69
26.52
Depreciation Expense
124
173
138
61
60
120
210
162
141
251
486
741
815
806
Net Income, GAAP
53
164
-975
-293
-9
144
-76
-906
6
773
923
520
39
-623
Effective Tax Rate (%)
37.45
37.77
- -
- -
- -
- -
- -
- -
3.53
0.4
7.77
23.58
38.19
24.43
Profit Margin (%)
14.37
37.94
-481.24
-183.75
-4.1
29.09
-12.69
-279.58
0.65
38.94
48.4
24.05
1.85
-30.26
Working Capital
-90
-60
44
-31
29
-3
-70
-57
-112
-24
124
-44
47
-426
LT Debt
585
806
835
833
979
830
1,118
880
803
1,525
1,836
2,369
2,395
2,552
Total Equity
620
771
-198
-487
-491
430
559
-223
215
745
2,048
2,320
2,126
1,784
Return on Invested Capital (%)
8.56
6.25
- -
- -
- -
- -
- -
- -
61.94
77.03
25.89
13.85
8.07
13.45
Return on Capital (%)
11.29
19.97
- -
- -
- -
- -
- -
- -
-7.01
-383.54
91.8
28.04
5.11
22.1
Return on Common Equity (%)
36.04
64.05
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
8.38
174.53

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
2,346
2,395
2,552
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
98
97
106
Market Capitalization
2,436
2,098
2,856

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
542
586
473
Cash, Cash Equivalents & STI
32
14
37
Accounts Receivable, Net
334
350
395
Inventories
- -
- -
- -
Total Current Liabilities
495
539
899
Payables & Accruals
495
535
637
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.96%
45.96%
-8.36%
Free Cash Flow
-177.04%
-118.59%
-195.01%
Net Income, GAAP
1,094.28%
2,367.68%
-92.55%
Sales/Revenue/Turnover
42.6%
62.17%
-3.18%
Total Cash Common Dividend
- -
26.67%
7.06%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
535
564
515
549
2,164
2025
580
578
486
451
2,095
2026
544
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
1.38
3
0.72
5.21
2025
1.41
1.02
-1.33
-0.73
0.4
2026
-5.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.4
0.4
0.42
1.62
2025
0.42
0.45
0.45
0.45
1.77
2026
0.45
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
James Evans
Full Time Employees
49
Sector
Energy
Industry
Oil & Gas Exploration & Production
Address
4350 Baker Road Minnetonka MN United States of America 55343
IPO Date
Apr 13, 2007
Business
Northern Oil and Gas, Inc. (NYSE: NOG) operates as the largest publicly traded non-operated upstream energy asset owner in the United States, focusing on the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties; its core assets consist of non-operated minority working and mineral interests across approximately 300,000 acres primarily in the Williston Basin (North Dakota and Montana), Uinta Basin (Utah), Permian Basin (Texas), and Appalachian Basin, with operations supported by a proprietary data lake encompassing performance data from over 100 operators and 10,000 wells. Founded in 2006 and headquartered in Minnetonka, Minnesota, the company targets independent energy producers and E&P operators through bolt-on acquisitions, Ground Game transactions for wells and drillcos, and joint development agreements, delivering peer-leading efficiency at $0.82 cash G&A per BOE in Q3 2025 and average 20% return on capital employed from 2018 to 2024. Recent developments include the October 2024 completion of a major Uinta Basin acquisition from XCL Resources LLC and Umont Energy LLC in partnership with SM Energy Inc., securing over 15,000 net acres and 116 net drilling locations under long-term joint development pacts; a June 2024 $510 million asset deal with SM Energy; a February 2025 $40 million bolt-on acquisition of 2,275 net acres in Upton County, Texas (Midland Basin); April 2025 expansion of its reserves-based credit facility to a $1.6 billion elected commitment with 20 banks including new partner CIBC Capital Markets; and year-to-date 2025 deployment of over $95.8 million across 50+ Ground Game trades adding 11.6 net wells and 6,100 net acres, alongside a $1.05-$1.20 billion 2025 capital budget emphasizing natural gas activity and Appalachian expansion.

Company News

MCPAPIChat
  • As Energy M&A Heats Up, These 3 Smaller Players Are Prime Takeover Candidates

  • Northern Oil and Gas: Duvernay Acquisition Comes At A Fair Price, But Adds To Its Leverage

  • Northern Oil and Gas (NOG) Down 23.6% Since Last Earnings Report: Can It Rebound?

  • NOG Announces Strategic Entry into Canada with Light Oil Duvernay Acquisition; Takes 25% Undivided Stake in Assets with Long-Term Joint Development Agreement

  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: BJ’s Wholesale Club, Centene, Cigna, Crown Castle, ETSY, Franco-Nevada, Humana, Ovintiv, X-Energy, and More

  • NOG Declares Quarterly Cash Dividend

  • Northern Oil and Gas (NOG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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  • Northern Oil Q1 Earnings & Revenues Beat Estimates, Down Y/Y

  • Northern Oil and Gas, Inc. (NOG) Q1 2026 Earnings Call Transcript

  • Northern Oil and Gas (NOG) Q1 Earnings and Revenues Surpass Estimates

  • NOG Announces First Quarter 2026 Results

  • Northern Oil and Gas to Report Q1 Earnings: What's in Store?

  • Analysts Estimate Northern Oil and Gas (NOG) to Report a Decline in Earnings: What to Look Out for

  • NOG Schedules First Quarter 2026 Earnings Release and Conference Call

  • NOG Publishes 2025 ESG Report

  • Harbor Capital Advisors Inc. Has $29,000 Holdings in Northern Oil and Gas, Inc. $NOG

  • Critical Contrast: Biloxi Marsh Lands (OTCMKTS:BLMC) versus Northern Oil and Gas (NYSE:NOG)

  • Northern Oil and Gas (NYSE:NOG) vs. Universal Energy (OTCMKTS:UVSE) Financial Analysis

  • SG Americas Securities LLC Purchases 351,490 Shares of Northern Oil and Gas, Inc. $NOG