NOG · Northern Oil & Gas, Inc.
Price & Indicators
Raw chart and full-history price indicators begin at the captured split on Sep 21, 2020; bars on opposite sides are not compared.
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | $401M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net Income 236.63M
+41.44M Interest Expense, Net
+73.97M Income Tax Expense
+192.89M Depreciation, Depletion, Amortization and Accretion
+4.41M Non-Cash Stock-Based Compensation
+0K Other Adjustments
+7.7M Acquisition Transaction Costs
-156.5M Gain on Unsettled Commodity Derivatives
-1.47M Gain on Unsettled Interest Rate Derivatives
-2.68M Gain Contingent Consideration
+4.66M Loss on Foreign Currency Transactions
+0K Impairment of Oil and Gas Assets
= Adjusted EBITDA 401.03M
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| Adjusted Net Income non-GAAP | $122.5M | Q2 2026 | — |
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| Capital expenditures (excluding non-budgeted acquisitions and other) | $195.8M | Q2 2026 | — |
| Free Cash Flow non-GAAP | $159M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net Cash Provided by Operating Activities 321.62M
+32.06M Exclude: Changes in Working Capital and Other Items
-194.68M Less: Capital Expenditures
= Free Cash Flow 159M
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| Ground Game Acquisition Capital Expenditures, Inclusive of Development Costs | $44.74M | Three Months Ended June 30, 2026 | — |
| Net Producing Wells at Period End | 1,369.7 | Q2 2026 | — |
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| Net wells added to production | 12.7 | Q2 2026 | — |
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| Net Wells in Process (Period-End) | 51.8 | Three Months Ended June 30, 2026 | — |
| Non-Budgeted Acquisitions | $261.05M | Three Months Ended June 30, 2026 | — |
| Organic Drilling and Development Capital Expenditures | $151.02M | Three Months Ended June 30, 2026 | — |
| Record natural gas production | 464,330 | Q2 2026 | — |
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| Shares repurchased | 2.95M | Q2 2026 | — |
| Total liquidity | $1B | As of June 30, 2026 | — |
| Total quarterly production | 145,659 | Q2 2026 | — |
| Weighted Average Gross AFE for Wells Elected to | $10,421 | Three Months Ended June 30, 2026 | — |
| Weighted Average Gross AFE for Wells Elected to, normalized for lateral length ($ per foot) | $761 | Three Months Ended June 30, 2026 | — |
| Ground game transactions | 30 | Q2 2026 | — |
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| Net acres added (Ground Game) | 2,300 | Q2 2026 | — |
| Net wells added (Ground Game) | 6.2 | Q2 2026 | — |
| Cash flow from operations | $323.6M | Q1 2026 | — |
| Cash flow from operations excluding changes in net working capital | $297.2M | Q1 2026 | — |
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| Capital expenditures excluding non-budgeted acquisitions | $270.2M | Q4 2025 | — |
| Natural gas production | 392,163 | Q4 2025 | — |
| Net wells turned in line | 24.2 | Q4 2025 | — |
| Production | 135,045 | Full year 2025 | — |
| PV-10 non-GAAP | $4.5B | As of December 31, 2025 | — |
| Total proved reserves | 384,068 | As of December 31, 2025 | — |
| Wells in process | 45.6 | As of December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas E&P — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NOG
this stock
Northern Oil & Gas, Inc.
|
$2.72B | +21.4% | +11.2% | — | 19.2% |
|
COP
Conocophillips
|
$158.34B | +39.5% | +7.7% | 17.4 | 1.5% |
|
CNQ
CANADIAN NATURAL RESOURCES Ltd
|
$103.51B | +46.2% | — | — | 2.4% |
|
EOG
Eog Resources Inc
|
$78.60B | +42.3% | -4.5% | 11.7 | 3.1% |
|
OXY
Occidental Petroleum Corp /De/
|
$59.42B | +46.1% | -1.9% | — | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
Raw-price comparisons begin at the captured split on Sep 21, 2020; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NOG | +8.2% | +18.2% | -0.7% | +23.2% | +21.4% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | +8.6% | +15.3% | -12.3% | +20.3% | +8.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.