NORTHERN OIL AND GAS, INC. (NOG)

25.73 -1.34% (-0.35)

Over 6M: -4.3%

2026-08-28
20 25 30
Mar Apr May Jun Jul Aug

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 131.5M Q3 '21 — Operating Cash Flow: 94.4M Q3 '21 — Free Cash Flow: 94.1M Q3 '21 — Net Income: 12.6M Q4 '21 — Revenue: 319.2M Q4 '21 — Operating Cash Flow: 133.1M Q4 '21 — Free Cash Flow: 132.9M Q4 '21 — Net Income: 174.7M Q1 '22 — Revenue: -32.9M Q1 '22 — Operating Cash Flow: 154M Q1 '22 — Free Cash Flow: 153.9M Q1 '22 — Net Income: -206.6M Q2 '22 — Revenue: 441.4M Q2 '22 — Operating Cash Flow: 210.2M Q2 '22 — Free Cash Flow: 205.8M Q2 '22 — Net Income: 251.3M Q3 '22 — Revenue: 791.6M Q3 '22 — Operating Cash Flow: 276.8M Q3 '22 — Free Cash Flow: 276.7M Q3 '22 — Net Income: 583.5M Q4 '22 — Revenue: 370.4M Q4 '22 — Operating Cash Flow: 287.4M Q4 '22 — Free Cash Flow: 287.4M Q4 '22 — Net Income: 145.1M Q1 '23 — Revenue: 582.2M Q1 '23 — Operating Cash Flow: 269.3M Q1 '23 — Free Cash Flow: 269.1M Q1 '23 — Net Income: 340.2M Q2 '23 — Revenue: 476.6M Q2 '23 — Operating Cash Flow: 307.8M Q2 '23 — Free Cash Flow: 307.5M Q2 '23 — Net Income: 167.8M Q3 '23 — Revenue: 314M Q3 '23 — Operating Cash Flow: 263.9M Q3 '23 — Free Cash Flow: 263.8M Q3 '23 — Net Income: 26.1M Q4 '23 — Revenue: 793.5M Q4 '23 — Operating Cash Flow: 342.4M Q4 '23 — Free Cash Flow: 341.7M Q4 '23 — Net Income: 388.9M Q1 '24 — Revenue: 396.3M Q1 '24 — Operating Cash Flow: 392.1M Q1 '24 — Free Cash Flow: 392.1M Q1 '24 — Net Income: 11.6M Q2 '24 — Revenue: 560.8M Q2 '24 — Operating Cash Flow: 340.5M Q2 '24 — Free Cash Flow: 340.5M Q2 '24 — Net Income: 138.6M Q3 '24 — Revenue: 753.6M Q3 '24 — Operating Cash Flow: 385.8M Q3 '24 — Free Cash Flow: 385.7M Q3 '24 — Net Income: 298.4M Q4 '24 — Revenue: 515M Q4 '24 — Operating Cash Flow: 290.3M Q4 '24 — Free Cash Flow: 290.3M Q4 '24 — Net Income: 71.7M Q1 '25 — Revenue: 602.1M Q1 '25 — Operating Cash Flow: 407.4M Q1 '25 — Free Cash Flow: 406.8M Q1 '25 — Net Income: 139M Q2 '25 — Revenue: 706.8M Q2 '25 — Operating Cash Flow: 362.1M Q2 '25 — Free Cash Flow: 362M Q2 '25 — Net Income: 99.6M Q3 '25 — Revenue: 556.6M Q3 '25 — Operating Cash Flow: 423.1M Q3 '25 — Free Cash Flow: 422.9M Q3 '25 — Net Income: -129.1M Q4 '25 — Revenue: 610.2M Q4 '25 — Operating Cash Flow: 312.6M Q4 '25 — Free Cash Flow: 312.6M Q4 '25 — Net Income: -70.7M Q1 '26 — Revenue: 5M Q1 '26 — Operating Cash Flow: 323.6M Q1 '26 — Free Cash Flow: 323.6M Q1 '26 — Net Income: -522.8M Q2 '26 — Revenue: 745.2M Q2 '26 — Operating Cash Flow: 321.6M Q2 '26 — Net Income: 236.6M -300M 0 300M 600M 900M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

3.8
OE margin 71.2%
SBC / sales 0.84%
Oper. margin -24.1%
ROIC -7.8%
Accruals -32.0%
Capex / sales 0.012%
FCF margin 72.0%
Gross margin 74.2%
OCF margin 72.0%
Profit margin -25.4%
ROA -8.3%
ROCE -8.9%
ROE -24.4%
EBITDA margin —
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.7
RPO / sales —
RPO growth —
Segment HHI —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

1.2
ND/EBITDA —
Debt payback 1.9 yr
F-score 7.0 pts
Quick ratio 0.8×
Cash / Debt 0.017×
Debt / Eq 1.4×
Cash runway —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.8
Sales CAGR 4Y +49.4%
Sales/sh Y/Y -24.2%
Div. growth +7.1%
Sales Q/Q +5.4%
EPS Y/Y -181.4%
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.