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

22.92 0.78 +3.52%
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) Net margin

Alert me on Net margin

Northern Oil and Gas, Inc.'s net margin over the twelve months to 30 June 2026 was −25.4%, down 26.9 percentage points from fiscal 2025 (1.57%). Over the past ten years it has ranged from −354.6% (fiscal 2015) to 46.3% (fiscal 2022); the current reading is higher than 64% of that period. That is below the Oil & Gas E&P industry median of 14.1% and below the Energy sector median of 8.44%.

Net margin, annual

Embed this chart

Annual newest first

Period Net margin Change (points)
FY2025 1.57% (21.81)
FY2024 23.4% (19.23)
FY2023 42.6% (3.72)
FY2022 46.3% 48.02
FY2021 −1.69% 165.15
FY2020 −166.8% (150.47)
FY2019 −16.4% (37.53)
FY2018 21.2% 25.55
FY2017 −4.39% 198.15
FY2016 −202.5% 152.06

Quarterly newest first

Period Net margin Change (points)
Jun 2026 31.8% 10,428.39
Mar 2026 −10,396.6% (10,385.05)
Dec 2025 −11.6% 11.60
Sep 2025 −23.2% (37.28)
42 more quarters

Against its own ten years

Low −354.6% High 46.3%
Ten-year median −1.69%
Current reading's percentile 38

Net margin against peers

Company Net margin
BSM Black Stone Minerals, L.P. compare 50.3%
GPOR Gulfport Energy Corporation compare 31.7%
KRP Kimbell Royalty compare 21.3%
CRK Comstock Resources, Inc. compare 19.9%
BKV BKV Corporation compare 14.9%
MNR Mach Natural Resources LP compare 10.5%
TALO Talos Energy Inc. compare −18.4%
VET Vermilion Energy Inc. compare −24.5%
NOG Northern Oil and Gas, Inc. −25.4%
Oil & Gas E&P industry median 14.1%
Energy sector median 8.44%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

More on NOG