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Northern Oil and Gas, Inc. (NOG)

NYSE Energy Oil & Gas Exploration & Production S&P SmallCap 600
$22.84
+0.70 (+3.16%)
Close of Nov 06, 2026 · end-of-day data
Source: Northern Oil and Gas, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$144.90M$209.32M$678.92M$472.40M$324.07M$975.09M$1.99B$2.17B$2.23B$2.48B
Cost of revenue$45.68M$49.73M$66.65M$118.90M$116.34M$170.82M$260.68M$347.01M$429.79M$473.67M
Gross profit$99.22M$159.59M$612.28M$353.50M$207.73M$804.28M$1.73B$1.82B$1.80B$2.00B
Operating income-$229.30M$60.49M$432.63M$55.51M-$841.24M$77.96M$853.19M$1.12B$837.83M$245.85M
Interest expense$64.49M$70.29M$86.00M$79.23M$58.50M$59.02M$80.33M$135.66M$157.72M$172.38M
Pre-tax income-$294.90M-$10.76M$143.63M-$76.32M-$906.21M$6.59M$776.34M$1.00B$680.82M$62.70M
Income tax-$1.40M-$1.57M-$55.00K$0-$166.00K$233.00K$3.10M$77.77M$160.51M$23.94M
Net income-$293.49M-$9.19M$143.69M-$76.32M-$906.04M$6.36M$773.24M$922.97M$520.31M$38.76M
EBITDA-$229.10M$60.70M$432.73M———————
EPS (basic)$-4.80$-0.15$6.08$-2.00$-21.55$-0.13$9.26$10.09$5.21$0.40
EPS (diluted)$-4.80$-0.15$6.07$-2.00$-21.55$-0.13$8.92$10.03$5.14$0.39
Diluted shares61.17M62.41M23.68M38.71M42.74M62.99M86.68M92.06M101.27M99.31M
Gross margin68.5%76.2%90.2%74.8%64.1%82.5%86.9%84.0%80.7%80.9%
Operating margin-158.2%28.9%63.7%11.8%-259.6%8.0%43.0%51.8%37.6%9.9%
Net margin-202.5%-4.4%21.2%-16.2%-279.6%0.7%38.9%42.6%23.4%1.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$6.49M$102.18M$2.36M$16.07M$1.43M$9.52M$2.53M$8.20M$8.93M$14.30M
Receivables$35.84M$46.85M$96.35M$108.27M$71.02M$193.55M$271.34M$370.53M$389.67M$349.93M
Total current assets$46.89M$152.76M$228.41M$133.04M$125.63M$215.33M$320.49M$509.41M$500.74M$586.03M
Total assets$431.53M$632.25M$1.50B$1.91B$872.09M$1.52B$2.88B$4.48B$5.60B$5.41B
Total current liabilities$77.44M$123.58M$231.53M$203.48M$182.47M$327.56M$344.97M$385.76M$544.27M$539.29M
Short-term debt$0——$0$65.00M$0————
Long-term debt$832.63M$979.32M$830.20M$1.12B$879.84M$803.44M$1.53B$1.84B$2.37B$2.40B
Total debt$832.63M$979.32M$830.20M$1.12B$944.84M$803.44M$1.53B$1.84B$2.37B$2.40B
Total liabilities$918.95M$1.12B$1.07B$1.35B$1.10B$1.31B$2.13B$2.44B$3.28B$3.28B
Shareholders' equity-$487.42M-$490.84M$429.87M$558.64M-$223.30M$215.13M$745.26M$2.05B$2.32B$2.13B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$101.89M$72.97M$244.26M$339.75M$331.69M$396.47M$928.42M$1.18B$1.41B$1.51B
Capital expenditures$214.69K$3.95K$86.78K———————
Free cash flow$101.68M$72.96M$244.18M$339.75M$331.69M$396.47M$928.42M$1.18B$1.41B$1.51B
Investing cash flow-$90.96M-$119.24M-$474.52M-$569.13M-$283.93M-$634.43M-$1.40B-$1.86B-$1.67B-$1.25B
Financing cash flow-$7.83M$141.97M$130.43M$243.09M-$62.40M$246.06M$467.37M$684.69M$266.83M-$247.46M
Dividends paid———$0$0$4.94M$51.60M$123.94M$161.97M$173.40M
Share buybacks$0$0$22.20M$15.11M$0$0$54.50M$8.00M$94.50M$57.01M
Stock-based compensation$3.46M$3.29M$4.00M$7.96M$4.12M$3.62M$5.66M$5.66M$11.97M$15.36M
Depreciation & amortization$200.00K$200.00K$100.00K———————

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.