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) Operating margin

Alert me on Operating margin

Northern Oil and Gas, Inc.'s operating margin over the twelve months to 30 June 2026 was −24.1%, down 34.0 percentage points from fiscal 2025 (9.93%). Over the past ten years it has ranged from −407.0% (fiscal 2015) to 63.7% (fiscal 2018); the current reading is higher than 36% of that period. That is below the Oil & Gas E&P industry median of 24.0% and below the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.93% (27.71)
FY2024 37.6% (14.15)
FY2023 51.8% (2.53)
FY2022 54.3% 38.63
FY2021 15.7% 168.03
FY2020 −152.3% (164.09)
FY2019 11.8% (51.97)
FY2018 63.7% 34.82
FY2017 28.9% 187.15
FY2016 −158.3% 248.72

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 47.3% 13,069.44
Mar 2026 −13,022.1% (13,016.58)
Dec 2025 −5.55% 17.04
Sep 2025 −22.6% (47.51)
42 more quarters

Against its own ten years

Low −407.0% High 63.7%
Ten-year median 15.7%
Current reading's percentile 31

Operating margin against peers

Company Operating margin
BSM Black Stone Minerals, L.P. compare 60.4%
GPOR Gulfport Energy Corporation compare 44.3%
KRP Kimbell Royalty compare 40.2%
CRK Comstock Resources, Inc. compare 28.4%
BKV BKV Corporation compare 25.1%
VET Vermilion Energy Inc. compare 18.1%
MNR Mach Natural Resources LP compare 17.9%
TALO Talos Energy Inc. compare −0.39%
NOG Northern Oil and Gas, Inc. −24.1%
Oil & Gas E&P industry median 24.0%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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