NORTHERN OIL & GAS, INC.
NORTHERN OIL & GAS, INC.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 48 | 37 | 14 | 32 | 26 | 34 | 9 | 34 | 8 | 32 | 8 | 13 | |||||
Accounts Receivable Net Current | 378 | 395 | 350 | 334 | 410 | 410 | 390 | 317 | 360 | 331 | 371 | 364 | |||||
Prepaid Expense And Other Assets | - | 19 | 7 | 7 | 7 | 5 | 5 | 12 | 3 | 3 | 2 | 3 | |||||
Derivative Assets Current | 31 | 8 | 167 | 129 | 109 | 53 | 47 | 101 | 20 | 37 | 76 | 65 | |||||
Income Taxes Receivable | 18 | 14 | 18 | 17 | 12 | 10 | 38 | 37 | 2 | 3 | 3 | 0 | |||||
Assets Current | 502 | 473 | 586 | 542 | 588 | 522 | 501 | 519 | 414 | 413 | 509 | 470 | |||||
Property Plant And Equipm… | |||||||||||||||||
Capitalized Costs Oil And… | |||||||||||||||||
Capitalized Costs Proved Properties | 12,429 | 12,023 | 11,442 | 11,174 | 10,851 | 10,567 | 10,307 | 9,525 | 9,111 | 8,878 | 8,429 | 8,136 | |||||
Capitalized Costs Unproved Properties | 302 | 244 | 86 | 75 | 35 | 43 | 43 | 23 | 38 | 35 | 37 | 37 | |||||
Property Plant And Equipment Other | - | - | - | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 8 | 7 | |||||
Property Plant And Equipment Gross | - | - | - | 11,258 | 10,895 | 10,619 | 10,358 | 9,556 | 9,157 | 8,921 | 8,473 | 8,180 | |||||
Accumulated Depreciation Depletion And Amortizatio… | - | - | - | -6,319 | -5,802 | -5,481 | -5,276 | -5,076 | -4,891 | -4,715 | -4,542 | -4,391 | |||||
Capitalized Costs Accumulated Depreciation Depleti… | -7,440 | -7,249 | -6,785 | - | - | - | -5,272 | - | - | - | - | - | |||||
Capitalized Costs Oil And Gas Producing Activities… | 5,291 | 5,019 | 4,743 | - | - | - | 5,078 | - | - | - | - | - | |||||
Property Plant And Equipment Other Net | 2 | 3 | 3 | - | - | - | 4 | - | - | - | - | - | |||||
Property Plant And Equipment Net | 5,293 | 5,022 | 4,746 | 4,939 | 5,093 | 5,138 | 5,082 | 4,480 | 4,266 | 4,205 | 3,932 | 3,789 | |||||
Derivative Assets Noncurrent | 10 | 5 | 3 | 1 | 1 | 1 | 10 | 15 | 4 | 1 | 11 | 30 | |||||
Security Deposit | - | - | - | - | - | 4 | 0 | 26 | 26 | 0 | 17 | 0 | |||||
Other Assets Noncurrent | 15 | 16 | 74 | 11 | 20 | 10 | 11 | 16 | 15 | 14 | 15 | 17 | |||||
Assets | 5,828 | 5,515 | 5,409 | 5,494 | 5,702 | 5,675 | 5,604 | 5,055 | 4,725 | 4,634 | 4,484 | 4,305 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 206 | 235 | 219 | 160 | 174 | 231 | 203 | 152 | 150 | 156 | 193 | 235 | |||||
Accrued Liabilities Current | 399 | 402 | 294 | 335 | 310 | 273 | 291 | 237 | 216 | 162 | 148 | 155 | |||||
Interest Payable Current | - | - | 23 | - | - | 27 | 26 | 28 | 27 | 28 | 26 | 32 | |||||
Accrued Income Taxes Current | - | - | - | - | - | - | - | - | - | - | - | 2 | |||||
Derivative Liabilities Current | 25 | 262 | 0 | 1 | 4 | 28 | 20 | 1 | 71 | 80 | 17 | 176 | |||||
Business Combination Contingent Consideration Liab… | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Other Liabilities Current | - | - | 4 | - | - | 5 | 5 | 2 | 2 | 2 | 2 | 2 | |||||
Liabilities Current | 630 | 899 | 539 | 495 | 488 | 564 | 544 | 420 | 466 | 428 | 386 | 602 | |||||
Long Term Line Of Credit | 2,725 | 2,552 | 2,395 | 2,346 | 2,366 | 2,311 | 2,369 | 1,953 | 1,875 | 1,939 | 1,836 | 2,057 | |||||
Deferred Income Tax Liabilities Net | 158 | 76 | 248 | 263 | 299 | 275 | 228 | 211 | 113 | 71 | 68 | 7 | |||||
Derivative Liabilities Noncurrent | 256 | 148 | 48 | 94 | 86 | 74 | 94 | 112 | 159 | 151 | 106 | 190 | |||||
Asset Retirement Obligations Noncurrent | 55 | 53 | 51 | 49 | 48 | 47 | 46 | 43 | 41 | 40 | 38 | 37 | |||||
Other Liabilities Noncurrent | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | |||||
Liabilities | 3,833 | 3,730 | 3,283 | 3,250 | 3,289 | 3,273 | 3,283 | 2,742 | 2,656 | 2,632 | 2,437 | 2,897 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |||||
Additional Paid In Capital Common Stock | 1,803 | 1,825 | 1,645 | 1,692 | 1,731 | 1,820 | 1,877 | 1,942 | 1,995 | 2,068 | 2,125 | 1,874 | |||||
Retained Earnings Accumulated Deficit | 195 | -42 | 481 | 552 | 681 | 582 | 443 | 371 | 72 | -66 | -78 | -467 | |||||
Additional Paid In Capital | - | - | - | - | - | - | - | - | - | - | 2,125 | - | |||||
Stockholders Equity | 1,995 | 1,784 | 2,126 | 2,244 | 2,413 | 2,402 | 2,320 | 2,314 | 2,068 | 2,002 | 2,048 | 1,408 | |||||
Liabilities And Stockholders Equity | 5,828 | 5,515 | 5,409 | 5,494 | 5,702 | 5,675 | 5,604 | 5,055 | 4,725 | 4,634 | 4,484 | 4,305 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 270 | 270 | 270 | 270 | 270 | 270 | 270 | 270 | 270 | 135 | 135 | 135 | |||||
Shares Outstanding | 107 | 106 | 97 | 98 | 98 | 99 | 99 | 100 | 100 | 101 | 101 | 93 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -15.03% | -30.45% | -22.36% | - | - | - | - | - | - | - | - | - |
| 2025 | 10.86% | 28.64% | 13.84% | 0.28% | 0.12% | -12.32% | 3.61% | -0.97% | 10.79% | 9.87% | -5.09% | -5.55% |
| 2024 | -3.04% | -9.88% | 2.36% | -8.29% | -14.08% | -12.73% | 5.92% | -12.23% | -6.51% | -16.93% | -35.52% | -23.85% |
| 2023 | - | - | - | - | - | - | -2.87% | -2.22% | -12.09% | 9.60% | 24.55% | 16.05% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.80 | 0.53 | 1.09 | 1.10 | 1.21 | 0.92 | 0.92 | 1.23 | 0.89 | 0.96 | 1.32 | 0.78 | |||||
| Quick Ratio | 0.80 | 0.53 | 1.09 | 1.10 | 1.21 | 0.92 | 0.92 | 1.23 | 0.89 | 0.96 | 1.32 | 0.78 | |||||
| Working Capital | -128.39M | -426.48M | 46.74M | 47.14M | 100.16M | -42.71M | -43.53M | 98.64M | -51.90M | -15.21M | 123.65M | -132.87M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.92 | 2.09 | 1.54 | 1.45 | 1.36 | 1.36 | 1.41 | 1.19 | 1.28 | 1.31 | 1.19 | 2.06 | |||||
| Interest Coverage TTM | -2.74 | -3.72 | 1.43 | 2.34 | 5.72 | 6.22 | 5.31 | 7.98 | 5.35 | 5.67 | 8.27 | 6.55 | |||||
| Debt Ratio | 0.66 | 0.68 | 0.61 | 0.59 | 0.58 | 0.58 | 0.59 | 0.54 | 0.56 | 0.57 | 0.54 | 0.67 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.44 | 0.43 | 0.45 | 0.43 | 0.44 | 0.46 | 0.43 | 0.42 | 0.47 | 0.43 | 0.52 | 0.39 | |||||
| Days Sales Outstanding TTM | 57.20 | 60.87 | 54.52 | 52.40 | 61.14 | 57.33 | 64.47 | 62.60 | 57.52 | 64.55 | 61.73 | 93.84 | |||||
| Receivables Turnover TTM | 6.38 | 6.00 | 6.69 | 6.97 | 5.97 | 6.37 | 5.66 | 5.83 | 6.35 | 5.65 | 5.91 | 3.89 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -4.50 | -6.33 | 0.39 | 1.87 | 6.12 | 6.48 | 5.14 | 8.31 | 5.54 | 5.85 | 10.03 | 7.12 | |||||
| Free Cash Flow Per Share TTM | 13.04 | 14.43 | 15.41 | 15.27 | 14.74 | 14.45 | 14.11 | 14.68 | 13.35 | 13.00 | 12.93 | 12.16 | |||||
| Dividend Per Share TTM | 1.69 | 1.79 | 1.77 | 1.77 | 1.71 | 1.66 | 1.62 | 1.56 | 1.49 | 1.38 | 1.35 | 1.17 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 80.31% | 79.72% | 80.87% | 79.25% | 80.03% | 81.41% | 80.03% | 79.07% | 80.28% | 78.13% | 81.72% | 76.01% | |||||
| Operating Profit Margin TTM | -18.37% | -26.45% | 9.93% | 18.19% | 42.30% | 43.04% | 38.93% | 59.95% | 40.25% | 47.53% | 59.11% | 60.75% | |||||
| Net Profit Margin TTM | -19.33% | -25.82% | 1.57% | 7.99% | 26.49% | 27.47% | 24.18% | 42.21% | 28.51% | 34.72% | 48.63% | 50.35% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 9.40% | 2.36% | 15.04% | 14.26% | 15.95% | 37.73% | 13.40% | 49.65% | 23.44% | 0.92% | 20.84% | -23.05% | |||||
| Net Income Growth (1Y) | -179.84% | -196.20% | -92.55% | -78.36% | 7.71% | 8.97% | -43.63% | 25.48% | -53.76% | -54.01% | 26.83% | -11.95% | |||||
| EPS Growth (1Y) | -173.95% | -196.26% | -92.39% | -77.84% | 10.14% | 11.05% | -48.35% | 17.00% | -59.05% | -61.12% | 8.91% | -25.41% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -3.95 | -4.51 | 52.08 | 12.53 | 4.23 | 4.20 | 6.42 | 3.74 | 5.79 | 5.83 | 3.16 | 4.76 | |||||
| P/B TTM | 0.96 | 1.58 | 0.95 | 1.01 | 1.07 | 1.13 | 1.44 | 1.35 | 1.58 | 1.73 | 1.42 | 2.26 | |||||
| P/S TTM | 0.76 | 1.16 | 0.82 | 1.00 | 1.12 | 1.15 | 1.55 | 1.58 | 1.65 | 2.02 | 1.54 | 2.40 | |||||
| Market Cap | 1.92B | 2.81B | 2.02B | 2.27B | 2.58B | 2.72B | 3.34B | 3.13B | 3.27B | 3.46B | 2.92B | 3.18B | |||||
| Enterprise Value | 1.87B | 2.77B | 2.00B | 2.24B | 2.55B | 2.69B | 3.33B | 3.10B | 3.27B | 3.43B | 2.91B | 3.16B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.38B | 1.42B | 1.51B | 1.48B | 1.45B | 1.42B | 1.41B | 1.46B | 1.34B | 1.31B | 1.18B | 1.13B | |||||
| Net Debt | -47.60M | -37.04M | -14.30M | -31.65M | -25.86M | -33.58M | -8.93M | -34.36M | -7.78M | -32.47M | -8.20M | -12.95M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
NORTHERN OIL & GAS, INC. (NOG) — SEC Financial Statements & Analysis
NORTHERN OIL & GAS, INC. (NOG) is a crude petroleum & natural gas company. NORTHERN OIL & GAS, INC. trades on NYSE as: NOG. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), NORTHERN OIL & GAS, INC. reported a 9.40% year-over-year revenue growth, a Gross Profit Margin of 80.31% (TTM), a Debt-to-Equity ratio of 1.92x, a Price-to-Sales (P/S) ratio of 0.76x (TTM), a Price-to-Book (P/B) ratio of 0.96x (TTM), at a market cap of $1.92B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 9.40%
- Gross Profit Margin TTM
- 80.31%
- Debt To Equity
- 1.92x
- P/S TTM
- 0.76x
- P/B TTM
- 0.96x
- Market Cap
- $1.92B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is NORTHERN OIL & GAS, INC. in?
NORTHERN OIL & GAS, INC. (NOG) operates in the Crude Petroleum & Natural Gas industry.
What is NOG's market cap?
NORTHERN OIL & GAS, INC. (NOG) has a market capitalization of $1.92B as of 2026-06-30.
What exchange does NOG trade on?
NORTHERN OIL & GAS, INC. (NOG) trades on the NYSE.