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

23.00 0.86 +3.88%
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) Return on equity

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Northern Oil and Gas, Inc.'s return on equity over the twelve months to 30 June 2026 was −22.1%, down 23.8 percentage points from fiscal 2025 (1.74%). Over the past ten years it has ranged from −549.5% (fiscal 2020) to 205.5% (fiscal 2021); the current reading is higher than 45% of that period. That is below the Oil & Gas E&P industry median of 8.99% and below the Energy sector median of 7.54%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 1.74% (22.08)
FY2024 23.8% (42.27)
FY2023 66.1% (85.45)
FY2022 151.5% (53.99)
FY2021 205.5% 755.01
FY2020 −549.5% (533.83)
FY2019 −15.7% 455.65
FY2018 −471.3% (473.18)
FY2017 1.88% (83.81)
FY2016 85.7% 425.97

Against its own ten years

Low −549.5% High 205.5%
Ten-year median 1.88%
Current reading's percentile 45

Return on equity against peers

Company Return on equity
BSM Black Stone Minerals, L.P. compare 26.6%
GPOR Gulfport Energy Corporation compare 25.9%
CRK Comstock Resources, Inc. compare 14.4%
BKV BKV Corporation compare 13.5%
KRP Kimbell Royalty compare 10.5%
MNR Mach Natural Resources LP compare 0.00%
TALO Talos Energy Inc. compare −18.1%
VET Vermilion Energy Inc. compare −18.2%
NOG Northern Oil and Gas, Inc. −22.1%
Oil & Gas E&P industry median 8.99%
Energy sector median 7.54%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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