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

22.83 0.69 +3.12%
Market cap
$2.4B
P/E
0.0×
Fwd P/E
−27.7×
Dividend yield
8.04%
F-score
8/9
Altman Z
1.13
Beneish M
−2.78
Dividend safety
42/100

Northern Oil and Gas, Inc. (NOG) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Northern Oil and Gas, Inc. (NOG) trades at a EV/FCF of −17.3×. Over the past ten years it has ranged from −66.1× (April 2017) to 30,864× (September 2021); the current reading is higher than 30% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 17.3× —
FY2024 −22.9× —
FY2023 −7.6× —
FY2022 −8.9× —
FY2021 −10.9× —
FY2020 26.5× —
FY2019 −9.4× —
FY2018 −6.1× —
FY2017 −25.7× —
FY2016 91.8× —

Quarterly newest first

Period EV/FCF Change
Jun 2026 −15.7× —
Mar 2026 −27.1× —
Dec 2025 17.3× —
Sep 2025 −37.5× —
42 more quarters

Against its own ten years

Low −66.1× High 30,864×
Ten-year median −9.7×
Current reading's percentile 30

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

More on NOG