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NOG · Northern Oil & Gas, Inc. · Financials

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$27.28 -0.16 (-0.58%)
Market Cap
$2.92B
Shares
106.55M
Volume · Oct 22 63.42K Avg daily vol (3M) 2.2M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$2.48B +11.2%
FY2025 Revenue FY2009–FY2025
Net Income
$38.76M -92.6%
FY2025 Net Income FY2009–FY2025
Gross Margin
80.87% +0.2pp
FY2025 Gross Margin FY2016–FY2025
Operating Margin
9.93% -27.7pp
FY2025 Operating Margin FY2009–FY2025
Diluted EPS
$0.39 -92.4%
FY2025 Diluted EPS FY2009–FY2025
Operating Cash Flow
$1.51B +6.9%
FY2025 Operating Cash Flow FY2009–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
$1.92B $2.48B $2.23B $2.17B $1.57B $496.9M $552.21M $472.4M $678.92M $209.32M $144.9M $275.06M $595.03M $335.77M $311.57M $149.39M $44.56M $14.22M
$495.03M $473.67M $429.79M $347.01M $260.68M $170.82M $116.34M $118.9M $66.65M $49.73M $45.68M — — — — — — —
$1.42B $2B $1.8B $1.82B $1.31B $326.08M $435.87M $353.5M $612.28M $159.59M $99.22M — — — — — — —
— 80.87% 80.69% 83.98% 83.4% 65.62% 78.93% 74.83% 90.18% 76.24% 68.48% — — — — — — —
$78.93M $61.33M $50.46M $46.8M $47.2M $30.34M $18.55M $23.62M $14.57M $18.99M $14.76M $19.04M $17.6M $16.58M $22.65M $13.62M $7.2M $3.69M
— — — — — — — — $100K $200K $200K $300K $300K $300K $409.89K $298.14K $176.6K $91.79K
— — — — — — — — — — $0 $523.49K — — — — — —
$416.89M — — — — — — — $246.3M $148.83M $374.21M $1.39B $289.86M $217.78M $182.44M $82.14M $33.05M $10.09M
$2.38B $2.23B $1.39B $1.04B $717.34M $418.94M $1.39B $416.89M $246.3M $148.83M — — — — — — — —
-$461.95M $245.85M $837.83M $1.12B $853.19M $77.96M -$841.24M $55.51M $432.63M $60.5M -$229.3M -$1.12B $305.17M $118M $129.14M $67.25M $11.51M $4.13M
— 9.93% 37.64% 51.79% 54.32% 15.69% -152.34% 11.75% 63.72% 28.9% -158.25% -406.97% 51.29% 35.14% 41.45% 45.02% 25.82% 29.03%
— — — — — — — — $432.73M $60.7M -$229.1M -$1.12B $305.47M $118.3M $129.55M $67.55M $11.68M $4.22M
$168.67M $172.38M $157.72M $135.66M $80.33M $59.02M $58.5M $79.23M $86.01M $70.29M $64.49M $58.36M $42.11M $32.71M $13.87M $585.98K $583.38K -$535.09K
-$178.24M -$183.14M -$157.01M -$121.12M -$76.85M -$71.37M -$64.96M -$131.83M -$288.99M -$71.26M -$65.59M -$58.39M -$42.06M -$33.16M -$13.85M $196.56K -$168.99K $135.99K
-$640.18M $62.71M $680.82M $1B $776.34M $6.59M -$906.21M -$76.32M $143.63M -$10.76M -$294.9M -$1.18B $263.11M $84.83M $115.29M $67.45M $11.34M $4.26M
-$154.16M $23.94M $160.51M $77.77M $3.1M $233K -$166K $0 -$55K -$1.57M -$1.4M -$202.42M $99.37M $31.77M $43M $26.84M $4.42M $1.47M
-$486.03M $38.76M $520.31M $922.97M $773.24M $6.36M -$906.04M -$76.32M $143.69M -$9.19M -$293.49M -$975.35M $163.75M $53.07M $72.28M $40.61M $6.92M $2.8M
— 1.57% 23.38% 42.61% 49.23% 1.28% -164.08% -16.16% 21.16% -4.39% -202.54% -354.6% 27.52% 15.8% 23.2% 27.19% 15.52% 19.68%
-$486.03M $38.76M $520.31M $922.97M $727.7M -$8.4M -$921.31M -$77.35M $143.69M -$9.19M — — — — — — — —
USD/shares -$5.10 $0.40 $5.21 $10.09 $9.26 -$0.13 -$21.55 -$2.00 $6.08 -$1.50 -$48.00 -$160.80 $27.00 $8.50 $11.60 $6.60 $1.40 $0.80
USD/shares -$5.12 $0.39 $5.14 $10.03 $8.92 -$0.13 -$21.55 -$2.00 $6.07 -$1.50 -$48.00 -$160.80 $26.90 $8.50 $11.50 $6.50 $1.40 $0.80
shares — 97.71M 99.85M 91.48M 78.56M 62.99M 42.74M 38.71M 23.62M 6.24M 6.12M 6.07M 6.07M 6.24M 6.25M 6.18M 5.04M 3.67M
shares — 99.31M 101.27M 92.06M 86.68M 62.99M 42.74M 38.71M 23.68M 6.24M 6.12M 6.07M 6.09M 6.27M 6.29M 6.22M 5.08M 3.69M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $296.78M in buybacks, $515.86M in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term debt, including current maturities 2026-06-30 USD 2,724,814,000 10-Q filed 2026-08-07
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Noncurrent line of credit borrowings
USD 2,724,814,000
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Some sections could not be verified in 1 agreement document. Other restrictions or tests may apply.

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

7.500% Senior Notes due 2034

Note · Northern Oil and Gas, Inc.

Reference: 7.500% Senior Notes due 2034

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Sep 1, 2034

Last reported interest terms: 7.5% Reported 2026-08-26 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-08-26 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-08-26
    On August 26, 2026, Northern Oil and Gas, Inc., a Delaware corporation (the “Company”), and Wilmington Trust, National Association, as trustee, entered into an indenture (the “Indenture”), pursuant to which the Company issued $500,000,000 in aggregate principal amount of the Company’s 7.500% Senior Notes due 2034 (the “2034 Notes”).
    Issuer evidence: On August 26, 2026, Northern Oil and Gas, Inc., a Delaware corporation (the “Company”), and Wilmington Trust, National Association, as trustee, entered into an indenture (the “Indenture”), pursuant to which the Company issued $500,000,000 in aggregate principal amount of the Company’s 7.500% Senior Notes due 2034 (the “2034 Notes”).
    Supporting evidence: The 2034 Notes will mature on September 1, 2034, and interest on the 2034 Notes is payable semi-annually in arrears on each March 1 and September 1, commencing March 1, 2027, to holders of record on the February 15 and August 15 immediately preceding the related interest payment date, at a rate of 7.500% per annum.
    Supporting evidence: On August 26, 2026, Northern Oil and Gas, Inc., a Delaware corporation (the “Company”), and Wilmington Trust, National Association, as trustee, entered into an indenture (the “Indenture”), pursuant to which the Company issued $500,000,000 in aggregate principal amount of the Company’s 7.500% Senior Notes due 2034 (the “2034 Notes”).
    Supporting evidence: On August 26, 2026, Northern Oil and Gas, Inc., a Delaware corporation (the “Company”), and Wilmington Trust, National Association, as trustee, entered into an indenture (the “Indenture”), pursuant to which the Company issued $500,000,000 in aggregate principal amount of the Company’s 7.500% Senior Notes due 2034 (the “2034 Notes”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
2.92×
Peer median 2.50×
EV/EBIT
—
Peer median 11.10×
P/E (TTM)
—
Peer median 10.80×
EV/Adj. EBITDA (FY2025)
3.44×
Peer median 5.09×

Peer medians compare against the 39 similar-size Oil & Gas E&P companies (of 74 listed).

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2023 FY2022 FY2021 FY2020 FY2019
Williston $2,080,697,000 $2,638,680,000 $1,744,815,000 $647,054,000 $1,202,435,000
Permian $1,643,262,000 $1,063,532,000 $99,748,000 $1,050,000 $0
Appalachian $71,600,000 $269,384,000 $105,616,000 $0 $0

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Oil And Gas $2,081,288,000 $2,152,079,000 $1,897,779,000 $1,985,798,000 $975,089,000 $324,052,000 $601,218,000 $493,909,000
Oil Reserves $1,627,493,000 $1,897,857,000 $1,646,096,000 $1,474,610,000 $773,470,000 $305,249,000 $574,616,000 $450,100,000
Natural Gas and NGL $453,795,000 $254,222,000 $251,683,000 $511,188,000 $201,619,000 $18,802,000 $26,601,000 $43,800,000
Product And Service Other $13,771,000 $11,682,000 $9,230,000 $0 $3,000 $17,000 $21,000 $9,000
Key facts CIK 1104485 CUSIP 665531307 13F (30d) 41 filings 40 filers Visit website Investor relations