NOG
Northern Oil and Gas, Inc.
$27.16
+1.41
(+5.48%)
Mkt Cap
2.89B
Volume
1,691,832
52W Range
17.18-31.17
Sector
Energy
Beta
0.75
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
$14.75
Overvalued
strong signal
84.1% 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
What Makes Northern Oil and Gas (NOG) a New Buy Stock
Should Value Investors Buy Northern Oil and Gas (NOG) Stock?
NOG Provides Third Quarter Operational Update
NOG Schedules Third Quarter Earnings Release and Conference Call
Is Northern Oil & Gas Inc (NOG) a Bargain After 4.1% Drop? GF Value Says Undervalued
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Northern Oil And Gas: My Conviction Holds As Unit Economics Strengthen In Q2
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