Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc.

NOG
Northern Oil and Gas, Inc.US flagNew York Stock Exchange
22.04
USD
-0.33
- -
2.33BMarket Cap
Northern Oil and Gas, Inc.
NOG
(New York Stock Exchange)

Recent

price

22.04

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11.82
25.85
47.5
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
Revenue per Share
1.37
6.57
11.57
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
Basic EPS, GAAP
14.14
13.71
31.73
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
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.54
0.93
1.35
1.62
1.77
1.8
Dividend per Share
1.55
7.84
19.32
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
Book Value per Share
86.4
80.37
93.81
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
Tangible Book Value per Share
5
6
6
6
6
6
6
6
24
39
43
63
79
91
100
98
98
Basic Weighted Avg Shares
60
160
297
369
432
203
160
224
494
601
324
975
1,986
1,907
2,164
2,095
2,059
Sales/Revenue/Turnover
44.52
48.57
38.54
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
Operating Margin (%)
17
41
99
124
173
138
61
60
120
210
162
141
251
486
741
815
806
Depreciation Expense
7
41
72
53
164
-975
-293
-9
144
-76
-906
6
773
923
520
39
-623
Net Income, GAAP
38.98
39.79
37.3
37.45
37.77
- -
- -
- -
- -
- -
- -
3.53
0.4
7.77
23.58
38.19
24.43
Effective Tax Rate (%)
11.61
25.43
24.35
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
Profit Margin (%)
173
-39
-6
-90
-60
44
-31
29
-3
-70
-57
-112
-24
124
-44
47
-426
Working Capital
- -
70
424
585
806
835
833
979
830
1,118
880
803
1,525
1,836
2,369
2,395
2,552
LT Debt
435
497
586
620
771
-198
-487
-491
430
559
-223
215
745
2,048
2,320
2,126
1,784
Total Equity
5.78
9.33
9.1
8.56
6.25
- -
- -
- -
- -
- -
- -
61.94
77.03
25.89
13.85
8.07
13.45
Return on Invested Capital (%)
144.86
64.94
24.43
11.29
19.97
- -
- -
- -
- -
- -
- -
-7.01
-383.54
91.8
28.04
5.11
22.1
Return on Capital (%)
158.89
144.38
85.47
36.04
64.05
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
8.38
174.53
Return on Common Equity (%)

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
- -
- -
- -
- -
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

APIChat
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  • NOG Announces First Quarter 2026 Results

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  • 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

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

  • Northern Oil and Gas (NOG) Up 15.9% Since Last Earnings Report: Can It Continue?