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) Free cash flow margin
Northern Oil and Gas, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was −15.3%, down 25.6 percentage points from fiscal 2025 (10.2%). Over the past ten years it has ranged from −48.6% (fiscal 2019) to 10.2% (fiscal 2025) — the current reading is the highest in ten years. That is below the Oil & Gas E&P industry median of 7.72% and below the Energy sector median of 6.87%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 10.2% | 22.17 |
| FY2024 | −12.0% | 19.39 |
| FY2023 | −31.4% | (3.88) |
| FY2022 | −27.5% | 12.24 |
| FY2021 | −39.7% | (48.36) |
| FY2020 | 8.65% | 57.21 |
| FY2019 | −48.6% | (14.65) |
| FY2018 | −33.9% | (11.80) |
| FY2017 | −22.1% | (29.65) |
| FY2016 | 7.54% | 22.78 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| BSM Black Stone Minerals, L.P. compare | 70.9% |
| VET Vermilion Energy Inc. compare | 45.3% |
| MNR Mach Natural Resources LP compare | 42.0% |
| KRP Kimbell Royalty compare | 34.3% |
| TALO Talos Energy Inc. compare | 22.8% |
| GPOR Gulfport Energy Corporation compare | 4.61% |
| NOG Northern Oil and Gas, Inc. | −15.3% |
| CRK Comstock Resources, Inc. compare | −18.3% |
| BKV BKV Corporation compare | −33.0% |
| Oil & Gas E&P industry median | 7.72% |
| Energy sector median | 6.87% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on NOG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
- 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