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) EV/EBITDA
As of 5 November 2026, Northern Oil and Gas, Inc. (NOG) trades at a EV/EBITDA of 15.0×. Over the past ten years it has ranged from 0.0× (December 2021) to 33.8× (June 2022); the current reading is higher than 94% of that period. That is above the Oil & Gas E&P industry median of 4.6× and above the Energy sector median of 6.2×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 4.1× | 6.71% |
| FY2024 | 3.8× | 19.43% |
| FY2023 | 3.2× | (7.15%) |
| FY2022 | 3.5× | (64.29%) |
| FY2021 | 9.7× | — |
| FY2020 | 0.0× | — |
| FY2019 | 8.0× | 219.68% |
| FY2018 | 2.5× | (73.68%) |
| FY2017 | 9.6× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 13.6× | (55.90%) |
| Mar 2026 | 30.9× | 655.53% |
| Dec 2025 | 4.1× | 8.65% |
| Sep 2025 | 3.8× | 32.33% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| VET Vermilion Energy Inc. compare | 3.6× |
| GPOR Gulfport Energy Corporation compare | 3.8× |
| TALO Talos Energy Inc. compare | 4.1× |
| MNR Mach Natural Resources LP compare | 4.4× |
| BKV BKV Corporation compare | 4.7× |
| CRK Comstock Resources, Inc. compare | 5.7× |
| KRP Kimbell Royalty compare | 7.7× |
| BSM Black Stone Minerals, L.P. compare | 10.9× |
| NOG Northern Oil and Gas, Inc. | 15.0× |
| Oil & Gas E&P industry median | 4.6× |
| Energy sector median | 6.2× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
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/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement