Northern Oil & Gas
NOG
24.18
+0.27
+1.13%
Northern Oil & Gas
US · NOG
#2606 by market cap
Listed 1970
24.18
+0.27
+1.13%
Live - 5344 symbols - heartbeat 51s ago
· 2026-10-08 07:00
Pre-market
24.49
+1.28%
After-hours
24.00
-0.74%
Overnight
24.44
+1.08%
- Market cap
- 2.58B
- P/E (TTM)i
- -5.04
- P/Bi
- 1.29
- EPSi
- 0.39
- Div yieldi
- 7.44%
- 52W posi
- 58%
Reader sentiment
Are you bullish or bearish on NOG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.43, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +11.23% YoY
Margins
- Gross margin
- 32.23%
- Operating margin
- 28.69%
- Net margin
- 1.85%
Key ratios & quality
- Altman Z-Scorei
- 1.43
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 678.92M | 472.40M | 552.21M | 496.90M | 1.57B | 2.17B | 2.23B | 2.48B |
| Gross profit | 262.19M | 214.37M | 15.83M | 586.49M | 1.32B | 913.86M | 835.98M | 675.20M |
| Selling & admin expenses | 14.57M | 23.62M | 18.55M | 30.34M | 47.20M | 46.80M | 50.46M | 61.33M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 247.62M | 190.74M | -2.72M | 556.15M | 1.27B | 862.61M | 775.86M | 601.02M |
| Pretax profit | 143.63M | -76.32M | -906.21M | 6.59M | 776.34M | 1.00B | 680.82M | 62.71M |
| Tax | -55.00K | 0 | -166.00K | 233.00K | 3.10M | 77.77M | 160.51M | 23.94M |
| Net profit | 143.69M | -76.32M | -906.04M | 6.36M | 773.24M | 922.97M | 520.31M | 38.76M |
| Basic EPS | 6 | -2 | -22 | 0 | 9 | 10 | 5 | 0 |
| Diluted EPS | 6.07 | -2.00 | -21.55 | -0.13 | 8.92 | 10.03 | 5.14 | 0.39 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 602.10M | 706.81M | 556.64M | 610.18M | 5.03M | 745.24M |
| Gross profit | 224.54M | 215.20M | 139.51M | 95.95M | 178.90M | 309.38M |
| Selling & admin expenses | 14.48M | 15.63M | 14.10M | 17.12M | 23.17M | 24.53M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 207.52M | 196.01M | 122.14M | 75.34M | 152.45M | 282.36M |
| Pretax profit | 185.79M | 131.78M | -168.80M | -86.06M | -695.92M | 310.60M |
| Tax | 46.81M | 32.19M | -39.73M | -15.33M | -173.07M | 73.97M |
| Net profit | 138.98M | 99.59M | -129.07M | -70.73M | -522.85M | 236.63M |
| Basic EPS | 1 | 1 | -1 | -1 | -5 | 2 |
| Diluted EPS | 1.39 | 1.00 | -1.33 | -0.73 | -5.31 | 2.19 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 228.42M | 133.04M | 125.63M | 215.33M | 320.49M | 509.41M | 500.74M | 586.03M |
| Cash & ST investments | 2.36M | 16.07M | 1.43M | 9.52M | 2.53M | 8.20M | 8.93M | 14.30M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 1.50B | 1.91B | 872.09M | 1.52B | 2.88B | 4.48B | 5.60B | 5.41B |
| Total current liabilities | 231.53M | 203.48M | 182.48M | 327.56M | 344.97M | 385.76M | 544.27M | 539.29M |
| Short-term debt | -- | -- | 65.00M | -- | -- | -- | -- | -- |
| Long-term debt | 830.20M | 1.12B | 879.84M | 803.44M | 1.53B | 1.84B | 2.37B | 2.40B |
| Total liabilities | 1,073,780,000.00 | 1,346,822,000.00 | 1,095,393,000.00 | 1,307,732,000.00 | 2,129,918,000.00 | 2,436,579,000.00 | 3,283,387,000.00 | 3,283,034,000.00 |
| Total equity | 429.87M | 558.64M | -223.30M | 215.13M | 745.26M | 2.05B | 2.32B | 2.13B |
| Retained earnings | -796.88M | -873.20M | -1.78B | -1.77B | -1.00B | -77.79M | 442.52M | 481.28M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 521.61M | 588.36M | 542.48M | 586.03M | 472.91M | 502.10M |
| Cash & ST investments | 33.58M | 25.86M | 31.65M | 14.30M | 37.04M | 47.60M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 5.67B | 5.70B | 5.49B | 5.41B | 5.51B | 5.83B |
| Total current liabilities | 564.32M | 488.20M | 495.34M | 539.29M | 899.39M | 630.49M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 2.31B | 2.37B | 2.35B | 2.40B | 2.55B | 2.72B |
| Total liabilities | 3,272,533,000.00 | 3,289,474,000.00 | 3,249,791,000.00 | 3,283,034,000.00 | 3,730,450,000.00 | 3,832,532,000.00 |
| Total equity | 2.40B | 2.41B | 2.24B | 2.13B | 1.78B | 2.00B |
| Retained earnings | 581.50M | 681.09M | 552.01M | 481.28M | -41.57M | 195.06M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 244.26M | 339.75M | 331.69M | 396.47M | 928.42M | 1.18B | 1.41B | 1.51B |
| Depreciation & amortization | 119.78M | 210.20M | 162.12M | 140.83M | 251.27M | 486.02M | 740.90M | 814.86M |
| Free cash flow | -230.33M | -229.38M | 47.76M | -197.32M | -431.36M | -679.03M | -266.09M | 252.83M |
| Dividends paid | -- | 0 | 0 | -34.15M | -73.27M | -123.95M | -161.97M | -173.40M |
| Stock buybacks / issuance | 119.48M | -15.11M | 0 | 438.08M | -54.50M | 506.75M | -94.50M | -57.01M |
| Ending cash balance | 2.36M | 16.07M | 1.43M | 9.52M | 2.53M | 8.20M | 8.93M | 14.30M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 407.43M | 362.11M | 423.12M | 312.63M | 323.62M | 321.62M |
| Depreciation & amortization | 205.69M | 205.74M | 199.35M | 204.08M | 197.10M | 192.89M |
| Free cash flow | 142.87M | 34.75M | 70.54M | 4.56M | -311.06M | -58.19M |
| Dividends paid | -41.73M | -44.27M | -43.70M | -43.70M | -44.51M | -47.72M |
| Stock buybacks / issuance | -15.01M | -35.00M | 0 | -7.01M | 227.93M | -50.05M |
| Ending cash balance | 33.58M | 25.86M | 31.65M | 14.30M | 37.04M | 47.60M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -15.65 | -549.48 | -- | 151.54 | 66.09 | 23.82 | 1.74 |
| ROA %i | 13.45 | -4.54 | -66.34 | -0.70 | 33.09 | 25.08 | 10.32 | 0.70 |
| ROIC %i | -- | 0.23 | -70.05 | -- | 49.11 | 34.06 | 14.95 | 3.15 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 46.67 | 0.72 | -261.58 | 6.73 | 43.14 | 59.59 | 38.75 | 11.22 |
| FCF / sales %i | -- | -- | 14.74 | -- | -- | -- | -- | 12.07 |
| Current ratioi | 0.99 | 0.65 | 0.69 | 0.66 | 0.93 | 1.32 | 0.92 | 1.09 |
| Quick ratioi | 0.43 | 0.61 | 0.40 | 0.62 | 0.79 | 0.99 | 0.80 | 0.71 |
| Debt / assetsi | 55.21 | 58.68 | 108.34 | 52.76 | 53.05 | 40.93 | 42.28 | 44.28 |
| LT debt / equityi | 193.13 | 200.16 | -- | 373.46 | 204.68 | 89.64 | 102.11 | 112.65 |
| Interest coveragei | 2.65 | 0.05 | -14.49 | 1.11 | 10.66 | 8.38 | 5.32 | 1.36 |
| Revenue CAGR (3Y) %i | 34.57 | 55.56 | 13.10 | 25.45 | 48.92 | 80.54 | 30.43 | 1.80 |
| Net income CAGR (3Y) %i | -- | -- | -- | -64.62 | -- | -- | 334.09 | -63.13 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 29.41 | 27.17 | 7.95 | 1.74 | -29.77 | -22.05 |
| ROA %i | 12.57 | 11.68 | 3.44 | 0.70 | -11.14 | -8.43 |
| ROIC %i | 17.84 | 16.92 | 7.14 | 3.15 | -10.89 | -7.54 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 45.98 | 43.77 | 18.83 | 11.22 | -31.44 | -21.87 |
| FCF / sales %i | -- | -- | -- | 12.07 | -- | -- |
| Current ratioi | 0.92 | 1.21 | 1.10 | 1.09 | 0.53 | 0.80 |
| Quick ratioi | 0.80 | 0.92 | 0.77 | 0.71 | 0.50 | 0.70 |
| Debt / assetsi | 40.72 | 41.49 | 42.70 | 44.28 | 46.27 | 46.75 |
| LT debt / equityi | 96.19 | 98.05 | 104.52 | 112.65 | 142.99 | 136.56 |
| Interest coveragei | 6.21 | 5.71 | 2.34 | 1.36 | -3.77 | -2.80 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Acquisition, exploration, development and production of oil and natural gas properties100.00%
Quote time 2026-10-08 07:00:06 · For reference only, not investment advice and not tailored to your situation.