NOG
Northern Oil and Gas, Inc.
$26.36
+0.35
(+1.35%)
Mkt Cap
2.87B
Volume
2,107,951
52W Range
17.18-31.17
Sector
Energy
Beta
0.73
EPS (TTM)
-5.10 USD
P/E Ratio
53.67
Revenue (TTM)
2.23B USD
Rev Growth (5Y)
+45.3%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
What we estimate one share is worth
$14.45
Overvalued
strong signal
82.4% above fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
D+
Oil & Gas E&P
41.5 / 100 composite
An oil & gas explorer and producer — graded A–F vs. similar companies.
Company Description
Northern Oil and Gas, Inc. operates as an independent energy enterprise within the United States. The company's core business revolves around the entire lifecycle of crude oil and natural gas properties, from their acquisition and exploration to their development and eventual production. Its primary operations are concentrated in significant U.S. shale plays, namely the Williston, Appalachian, and Permian Basins. As of December 31, 2021, Northern Oil and Gas held active stakes in 7,436 total producing wells and reported proved reserves totaling 287,682 million barrels of oil equivalent (BOE). The company is headquartered in Minnetonka, Minnesota.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.10B | 2.16B | 1.91B | 1.99B | 975.09M | 324.07M | 601.24M | 493.92M | 223.99M | 159.72M | 202.68M | 431.61M |
| Net Income | 38.76M | 520.31M | 922.97M | 773.24M | 6.36M | (906.04M) | (76.32M) | 143.69M | (9.19M) | (293.49M) | (975.36M) | 163.75M |
| EPS | 0.40 | 5.21 | 10.09 | 9.26 | -0.13 | -21.55 | -2.00 | 6.08 | -1.50 | -48.00 | -160.81 | 27.00 |
| Free Cash Flow | 252.83M | (266.09M) | (679.02M) | (431.36M) | (197.32M) | 47.76M | (229.38M) | (230.32M) | (46.44M) | 8.74M | (42.13M) | (202.78M) |
| FCF / Share | 2.59 | -2.66 | -7.42 | -5.49 | -3.13 | 1.12 | -5.93 | -9.75 | -7.58 | 1.43 | -6.95 | -33.41 |
| Operating CF | 1.51B | 1.41B | 1.18B | 928.42M | 396.47M | 331.69M | 339.75M | 244.26M | 72.97M | 101.89M | 247.02M | 274.26M |
| Total Assets | 5.41B | 5.60B | 4.48B | 2.88B | 1.52B | 872.09M | 1.91B | 1.50B | 632.25M | 431.53M | 733.95M | 2.03B |
| Total Debt | 2.40B | 2.37B | 1.84B | 1.53B | 803.44M | 944.84M | 1.12B | 830.20M | 979.32M | 832.63M | 847.80M | 806.05M |
| Cash & Equiv | 14.30M | 8.93M | 8.20M | 2.53M | 9.52M | 1.43M | 16.07M | 2.36M | 102.18M | 6.49M | 3.39M | 9.34M |
| Book Value | 2.13B | 2.32B | 2.05B | 745.26M | 215.13M | (223.30M) | 558.64M | 429.86M | (490.84M) | (487.42M) | (197.60M) | 770.86M |
| Return on Equity | 0.02 | 0.22 | 0.45 | 1.04 | 0.03 | N/A | -0.14 | 0.33 | N/A | N/A | N/A | 0.21 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 745.24M | 544.09M | 450.86M | 485.87M | 577.99M | 580.34M | 549.20M | 515.49M | 564.19M | 534.88M | 546.14M | 513.52M |
| Net Income | 236.63M | (522.85M) | (70.73M) | (129.07M) | 99.58M | 138.98M | 71.70M | 298.45M | 138.56M | 11.61M | 388.85M | 26.11M |
| EPS | 2.24 | -5.31 | -0.70 | -1.33 | 1.02 | 1.41 | 0.72 | 3.00 | 1.38 | 0.12 | 3.92 | 0.28 |
| Free Cash Flow | (58.19M) | (311.06M) | (539.74M) | 70.54M | 30.86M | 142.87M | (414.95M) | 3.90M | 117.28M | (14.91M) | (18.69M) | (386.46M) |
| FCF / Share | -0.55 | -3.16 | -5.52 | 0.73 | 0.31 | 1.45 | -4.14 | 0.04 | 1.17 | -0.15 | -0.19 | -4.17 |
| Operating CF | 321.62M | 323.62M | 312.63M | 423.12M | 362.11M | 407.43M | 290.28M | 385.76M | 340.48M | 392.15M | 342.36M | 263.87M |
| Total Assets | 5.83B | 5.51B | 5.41B | 5.49B | 5.70B | 5.67B | 5.60B | 5.06B | 4.72B | 4.63B | 4.48B | 4.30B |
| Total Debt | 2.72B | 2.55B | 2.40B | 2.35B | 2.37B | 2.31B | 2.37B | 1.95B | 1.87B | 1.94B | 1.84B | 2.06B |
| Cash & Equiv | 47.60M | 37.04M | 14.30M | 31.65M | 25.86M | 33.58M | 8.93M | 34.36M | 7.78M | 32.47M | 8.20M | 12.95M |
| Book Value | 2.00B | 1.78B | 2.13B | 2.24B | 2.41B | 2.40B | 2.32B | 2.31B | 2.07B | 2.00B | 2.05B | 1.41B |
| Return on Equity | 0.12 | -0.29 | -0.03 | -0.06 | 0.04 | 0.06 | 0.03 | 0.13 | 0.07 | 0.01 | 0.19 | 0.02 |
NOG News
Northern Oil and Gas, Inc. (NYSE:NOG) Given Consensus Rating of “Hold” by Analysts
Freestone Grove Partners LP Invests $1.49 Million in Northern Oil and Gas, Inc. $NOG
NOG Announces Pricing of $500 Million Private Offering of Senior Notes
Is NOG a Buy Now as Low Valuation Meets Commodity and Leverage Risks?
Northern Oil and Gas: Big Upside, If You Can Stomach The Risks
NOG Announces Proposed $500 Million Private Offering of Senior Notes
NOG Announces Proposed $500 Million Private Offering of Senior Notes
Northern Oil and Gas Q2 Earnings Beat Estimates, Decline Y/Y
Bank of America Corp DE Purchases 194,861 Shares of Northern Oil and Gas, Inc. $NOG
Northern Oil and Gas Q2 Earnings Call Highlights