stockrowNorthern 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
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Northern Oil and Gas, Inc. (NOG) Debt to equity
Northern Oil and Gas, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 1.4×, up 0.2× from fiscal 2025 (1.1×). Over the past ten years it has ranged from −4.2× (fiscal 2020) to 3.7× (fiscal 2021); the current reading is higher than 64% of that period. That is above the Oil & Gas E&P industry median of 0.3× and above the Energy sector median of 0.4×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.1× | 10.32% |
| FY2024 | 1.0× | 13.91% |
| FY2023 | 0.9× | (56.20%) |
| FY2022 | 2.0× | (45.19%) |
| FY2021 | 3.7× | — |
| FY2020 | −4.2× | — |
| FY2019 | 2.0× | 3.64% |
| FY2018 | 1.9× | — |
| FY2017 | −2.0× | — |
| FY2016 | −1.7× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 1.4× | (4.50%) |
| Mar 2026 | 1.4× | 26.93% |
| Dec 2025 | 1.1× | 7.78% |
| Sep 2025 | 1.0× | 6.60% |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| BSM Black Stone Minerals, L.P. compare | 0.2× |
| BKV BKV Corporation compare | 0.5× |
| GPOR Gulfport Energy Corporation compare | 0.6× |
| VET Vermilion Energy Inc. compare | 0.6× |
| MNR Mach Natural Resources LP compare | 0.6× |
| KRP Kimbell Royalty compare | 0.7× |
| TALO Talos Energy Inc. compare | 0.7× |
| CRK Comstock Resources, Inc. compare | 1.1× |
| NOG Northern Oil and Gas, Inc. | 1.4× |
| Oil & Gas E&P industry median | 0.3× |
| Energy sector median | 0.4× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on NOG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement