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

22.95 0.81 +3.66%
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) Free cash flow

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Northern Oil and Gas, Inc.'s free cash flow for fiscal 2025 was $252.8M, compared with −$266.1M in fiscal 2024. Over the twelve months to 30 June 2026 it was −$294.2M. Over the past ten years it has ranged from −$679.0M (fiscal 2023) to $252.8M (fiscal 2025) — the current reading is the highest in ten years. Northern Oil and Gas, Inc. ranks 64th of 68 Oil & Gas E&P companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $252.8M —
FY2024 −$266.1M —
FY2023 −$679.0M —
FY2022 −$431.4M —
FY2021 −$197.3M —
FY2020 $47.8M —
FY2019 −$229.4M —
FY2018 −$230.3M —
FY2017 −$46.3M —
FY2016 $10.9M —

Quarterly newest first

Period Free cash flow Change
Jun 2026 −$58.2M —
Mar 2026 −$311.1M —
Dec 2025 $4.6M (93.54%)
Sep 2025 $70.5M 102.38%
42 more quarters

Against its own ten years

Low −$679.0M High $252.8M
Ten-year median −$197.3M
Current reading's percentile 100

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

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

The full definition of Free cash flow →

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