Northern Oil and Gas (NOG)
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Northern Oil and Gas, Inc. is an independent US exploration and production company focused on acquiring and managing working interests in oil and natural gas assets. Unlike many producers, the company is primarily a non-operated owner: it typically does not run the drilling rigs or field operations itself, but partners with established operators that develop the acreage. This model gives Northern Oil and Gas exposure to production growth and commodity prices while allowing it to diversify across many wells, operators, and basins.
The company’s portfolio is concentrated in several of the most active onshore energy regions in the United States. Its properties include interests in the Williston Basin of North Dakota and Montana, the Permian Basin in Texas and New Mexico, the Uinta Basin, and the Appalachian Basin in Pennsylvania and Ohio. These areas produce a mix of crude oil, natural gas, and natural gas liquids, giving the company participation in both oil-weighted and gas-weighted markets.
Northern Oil and Gas generates revenue from the sale of hydrocarbons produced from its interests. Its strategy centers on disciplined acquisitions, participation in development programs led by third-party operators, and capital allocation across a broad inventory of wells. For investors, NOG represents a publicly traded way to gain exposure to US shale production through a company built around non-operated ownership, basin diversification, and cash flow from producing oil and gas assets.
Last updated
- Market Cap
- 2.34B
- P/E
- —
- P/FCF
- —
- P/S
- 0.97
- Enterprise Value
- 4.85B
- Sector
- Energy
- Industry
- Crude Petroleum and Natural Gas
- Address
- 4350 BAKER ROAD, MINNETONKA, MN, 55343
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 2.34B
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 4.85B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 1.31
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 0.97
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 2.84
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 2.01
- EPS
- -5.73
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 7.53%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 1.65
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -205.11M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -34.92%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -11.3%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 1.43
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.53
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.53
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.04
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 2.7M
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 21.51
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 544.09M | 610.18M | 556.64M | 706.81M | 580.34M |
| Gross profit | 414.34M | 490.3M | 438.32M | 585.38M | 466.3M |
| Operating income | -115.83M | -33.84M | -125.76M | 176.17M | 207.52M |
| EBITDA | 349.55M | 438.73M | 392.26M | 530.58M | 413.21M |
| Net income | -522.85M | -70.73M | -129.07M | 99.59M | 138.98M |
| Basic EPS | -5.31 | -0.72 | -1.33 | 1.02 | 1.41 |
| Diluted EPS | -5.31 | -0.71 | -1.33 | 1 | 1.39 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 5.51B | 5.41B | 5.49B | 5.7B | 5.67B |
| Total liabilities | 3.73B | 3.28B | 3.25B | 3.29B | 3.27B |
| Total equity | 1.78B | 2.13B | 2.24B | 2.41B | 2.4B |
| Cash & equivalents | 37.04M | 14.3M | 31.65M | 25.86M | 33.58M |
| Current assets | 472.91M | 586.03M | 542.48M | 588.36M | 521.61M |
| Current liabilities | 899.39M | 539.29M | 495.34M | 488.2M | 564.32M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 323.62M | 312.63M | 423.12M | 362.11M | 407.43M |
| Investing cash flow | -634.68M | -308.07M | -352.58M | -327.26M | -264.56M |
| Financing cash flow | 333.81M | -21.91M | -64.75M | -42.58M | -118.23M |
| Change in cash | 22.74M | -17.35M | 5.79M | -7.72M | 24.64M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | SCHEDULE 13G/A — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 424B7 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | S-3ASR — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 10-Q — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | SCHEDULE 13G — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | DEF 14A — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | DEFA14A — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | ARS — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| form 4 | Form 4 — Meier Lisa | View Filing | |
| form 4 | Form 4 — Akradi Bahram | View Filing | |
| form 4 | Form 4 — EASLEY ROY ERNEST | View Filing | |
| form 4 | Form 4 — Kimble William F | View Filing | |
| form 4 | Form 4 — Frantz Michael A | View Filing | |
| form 4 | Form 4 — Lasher Stuart G. | View Filing | |
| form 4 | Form 4 — Lasher Stuart G. | View Filing | |
| form 4 | Form 4 — Lasher Stuart G. | View Filing | |
| form 4 | Form 4 — Pomerantz Jennifer S. | View Filing | |
| edgar index | SCHEDULE 13G/A — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| form 4 | Form 4 — Romslo Erik J. | View Filing | |
| form 4 | Form 4 — Romslo Erik J. | View Filing | |
| form 4 | Form 4 — Allen Chad W | View Filing | |
| form 4 | Form 4 — Allen Chad W | View Filing | |
| form 4 | Form 4 — O'GRADY NICHOLAS L. | View Filing | |
| form 4 | Form 4 — O'GRADY NICHOLAS L. | View Filing | |
| form 4 | Form 4 — Dirlam Adam A. | View Filing | |
| form 4 | Form 4 — Dirlam Adam A. | View Filing | |
| form 4 | Form 4 — Dirlam Adam A. | View Filing | |
| form 4 | Form 4 — Dirlam Adam A. | View Filing | |
| form 4 | Form 4 — Evans James B. | View Filing | |
| form 4 | Form 4 — Evans James B. | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 424B5 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 424B5 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 10-K — NORTHERN OIL & GAS, INC. | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 4 — NORTHERN OIL & GAS, INC. | View Filing | |
| edgar index | 8-K — NORTHERN OIL & GAS, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Romslo Erik J. | View Filing | |
| form 4 | Form 4 — Romslo Erik J. | View Filing | |
| form 4 | Form 4 — Allen Chad W | View Filing |