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Friday 6 November 2026
Export NOG’s income statement to Excel — free account
Northern Oil and Gas, Inc.
NOG Energy Oil & Gas E&P
Northern Oil and Gas, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 11.2% from fiscal 2024.
- Revenue
- +5.44%
- EPS
- +119.6%
- Free cash flow
- −267.0%
- Total debt
- +15.2%
Quarter to June 2026, against a year earlier
22.80
0.66
+2.98%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
58.03 | 7.12 | 3.65 | 3.16 | 0.00 | 0.00 | 0.00 | 3.69 | 0.00 | 0.00 |
Piotroski F-Score |
8 | 4 | 6 | 7 | 4 | 6 | 3 | 7 | 6 | 4 |
Altman Z-Score |
1.13 | 1.67 | 2.15 | 1.71 | (0.63) | (5.28) | 0.06 | 0.95 | (1.31) | (4.41) |
P/S ratio |
0.85 | 1.67 | 1.56 | 1.45 | 2.61 | 0.68 | 1.92 | 0.79 | 0.76 | 1.22 |
P/FCF ratio |
8.30 | 0.00 | 0.00 | 0.00 | 0.00 | 7.84 | 0.00 | 0.00 | 0.00 | 16.23 |
Altman Z″-Score (non-manufacturers) |
1.33 | 1.95 | 2.69 | 1.17 | (3.76) | (13.78) | (1.11) | 0.61 | (4.36) | (11.63) |
Beneish M-Score |
(2.78) | (3.36) | (2.58) | (1.46) | (0.87) | (9.68) | (3.58) | 0.68 | (2.96) | (6.81) |
P/Operating CF |
6.71 | 12.78 | 9.84 | 7.93 | 9.74 | 5.13 | 12.86 | 4.53 | 21.46 | 42.51 |
Dividend Safety Score |
42 | — | — | — | — | — | — | — | — | — |
P/B ratio |
0.99 | 1.60 | 1.65 | 3.06 | 6.03 | 0.00 | 1.62 | 1.24 | 0.00 | 0.00 |
Price to Tangible BV |
0.99 | 1.60 | 1.65 | 3.06 | 6.03 | 0.00 | 1.62 | 1.24 | 0.00 | 0.00 |
EV/Sales |
1.77 | 2.74 | 2.39 | 2.44 | 4.33 | 2.29 | 4.57 | 2.06 | 5.69 | 6.93 |
EV/EBITDA |
4.09 | 3.84 | 3.21 | 3.46 | 9.69 | 0.00 | 8.04 | 2.52 | 9.55 | 0.00 |
EV/Operating CF |
2.91 | 4.32 | 4.38 | 4.13 | 5.43 | 3.82 | 6.35 | 5.73 | 16.32 | 9.85 |
EV/FCF |
17.31 | (22.88) | (7.64) | (8.88) | (10.91) | 26.52 | (9.40) | (6.08) | (25.73) | 91.84 |
Quick Ratio |
1.02 | 0.89 | 1.19 | 0.90 | 0.63 | 0.68 | 0.64 | 0.93 | 1.21 | 0.56 |
Current Ratio |
1.09 | 0.92 | 1.32 | 0.93 | 0.66 | 0.69 | 0.65 | 0.99 | 1.24 | 0.61 |
Net Debt/EBITDA |
2.07 | 1.46 | 1.08 | 1.34 | 3.56 | (1.32) | 4.09 | 1.28 | 7.04 | (5.05) |
Debt/Assets |
44.28% | 42.28% | 40.93% | 53.05% | 52.76% | 108.34% | 58.68% | 55.21% | 154.89% | 192.95% |
Debt/Equity |
1.13 | 1.02 | 0.90 | 2.05 | 3.73 | (4.23) | 2.00 | 1.93 | (2.00) | (1.71) |
Asset Turnover |
0.45 | 0.44 | 0.59 | 0.71 | 0.42 | 0.40 | 0.28 | 0.64 | 0.39 | 0.25 |
Operating CF/Net income |
38.84 | 2.71 | 1.28 | 1.28 | (47.20) | (0.36) | (4.39) | 1.70 | (7.94) | (0.35) |
Capex/Depreciation |
(1.52) | (2.24) | (3.78) | (5.35) | (4.12) | (1.71) | (2.67) | (3.82) | (1.86) | (1.39) |
Interest Coverage |
1.43 | 5.31 | 8.27 | 10.62 | 1.32 | (14.38) | 0.69 | 4.98 | 0.86 | (3.56) |
| 1.74% | 23.82% | 66.09% | 151.54% | 205.53% | (549.48%) | (15.65%) | (471.30%) | 1.88% | 85.69% | |
| 0.70% | 10.32% | 25.08% | 33.09% | (0.70%) | (66.34%) | (4.54%) | 13.45% | (1.73%) | (50.91%) | |
ROIC |
3.54% | 11.30% | 18.46% | 23.88% | 4.84% | (78.61%) | 2.10% | 23.68% | 9.79% | (42.31%) |
Return on Tangible Assets |
0.81% | 10.33% | 22.76% | 29.60% | (0.74%) | (135.81%) | (4.61%) | 11.98% | (1.83%) | (84.91%) |
Average Days of Receivables |
54.25 | 70.14 | 62.98 | 63.14 | 142.18 | 46.94 | 83.82 | 52.45 | 83.07 | 93.81 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
2.48% | 2.27% | 2.16% | 3.01% | 6.11% | 3.36% | 5.00% | 2.15% | 9.07% | 10.18% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.62% | 0.54% | 0.26% | 0.36% | 0.73% | 0.75% | 1.68% | 0.59% | 1.57% | 2.39% |
Graham Net Nets |
(1.29) | (0.75) | (0.57) | (0.79) | (0.84) | (2.59) | (1.34) | (1.58) | (6.12) | (4.92) |
Graham Number |
13.46 | 52.24 | 71.32 | 44.29 | 0.00 | 49.98 | 0.00 | 50.06 | 47.96 | 293.35 |
Earnings Yield |
1.72% | 14.05% | 27.42% | 31.68% | (3.50%) | (242.58%) | (8.55%) | 27.08% | (5.12%) | (165.52%) |
Free Cash Flow Yield |
12.05% | (7.17%) | (20.15%) | (18.93%) | (15.22%) | 12.75% | (25.32%) | (43.13%) | (29.19%) | 6.16% |
Revenue per Share |
25.34 | 22.29 | 23.68 | 19.99 | 7.89 | 12.92 | 12.20 | 28.74 | 33.54 | 23.69 |
Operating CF per Share |
15.41 | 14.11 | 12.93 | 11.82 | 6.29 | 7.76 | 8.78 | 10.34 | 11.69 | 16.66 |
Capex per Share |
(12.82) | (16.77) | (20.36) | (17.31) | (9.43) | (6.64) | (14.70) | (20.09) | (19.11) | (14.87) |
Free Cash Flow per Share |
2.59 | (2.66) | (7.42) | (5.49) | (3.13) | 1.12 | (5.93) | (9.75) | (7.41) | 1.79 |
Cash per Share |
1.85 | 0.56 | 0.92 | 0.48 | 0.19 | 1.23 | 0.56 | 5.01 | 16.37 | 1.06 |
Shareholders Equity per Share |
21.76 | 23.24 | 22.38 | 9.49 | 3.42 | (5.22) | 14.43 | 18.20 | (78.65) | (79.68) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
21.76 | 23.24 | 22.38 | 9.49 | 3.42 | (5.22) | 14.43 | 18.20 | (78.65) | (79.68) |
Free Cash Flow |
252.83 | (266.09) | (679.02) | (431.36) | (197.32) | 47.76 | (229.38) | (230.26) | (46.27) | 10.93 |
Working Capital |
46.74 | (43.53) | 123.65 | (24.49) | (112.23) | (56.85) | (70.44) | (3.11) | 29.18 | (30.55) |
Capital Expenditures |
(1,252.46) | (1,674.75) | (1,862.35) | (1,359.78) | (593.78) | (283.93) | (569.13) | (474.52) | (119.24) | (90.96) |
Net Current Asset Value |
(2,697.00) | (2,782.64) | (1,927.17) | (1,809.43) | (1,092.40) | (969.76) | (1,213.78) | (845.36) | (970.34) | (872.06) |
EV/EBIT |
17.80 | 7.27 | 4.62 | 4.49 | 27.61 | 0.00 | 38.86 | 3.24 | 19.68 | 0.00 |
Capex to Sales |
0.51 | 0.75 | 0.86 | 0.87 | 1.20 | 0.51 | 1.20 | 0.70 | 0.57 | 0.63 |
Price to Operating Income |
8.53 | 4.43 | 3.00 | 2.67 | 16.63 | 0.00 | 16.32 | 1.23 | 2.62 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.17 | 0.15 | 0.13 | 0.10 | 0.12 | 0.23 | 0.12 | 0.10 | 0.14 | 0.17 |
Cash ROIC |
5.38% | (5.61%) | (17.12%) | (18.69%) | (19.15%) | 6.17% | (13.50%) | (16.71%) | (7.83%) | 3.11% |
Accounts Receivable Turnover |
6.22 | 5.55 | 6.71 | 6.75 | 3.76 | 6.15 | 4.59 | 9.35 | 4.93 | 3.27 |
Accounts Payable Turnover |
2.87 | 2.97 | 3.16 | 4.32 | 4.89 | 2.78 | 2.84 | 1.51 | 0.94 | 1.01 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
131.89 | 126.17 | 138.67 | 112.05 | 96.44 | 89.43 | 143.37 | 179.37 | 483.40 | 334.90 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
397.86 | 400.75 | 322.73 | 232.61 | 132.28 | 89.75 | 103.02 | 72.60 | 42.44 | 44.34 |
Average Payables |
210.74 | 197.77 | 160.63 | 97.02 | 50.63 | 52.60 | 62.21 | 74.08 | 74.65 | 60.73 |
Average Assets |
5,506.60 | 5,044.04 | 3,679.72 | 2,199.02 | 1,197.48 | 1,388.78 | 1,704.56 | 1,067.95 | 531.89 | 576.48 |
Average Common Equity |
2,223.39 | 2,184.06 | 1,396.47 | 480.20 | (4.09) | 167.67 | 494.25 | (30.49) | (489.13) | (342.51) |
Columns are period end dates · fundamentals updated 2 Oct 2026