Saturday 17 October 2026 Export NOG’s income statement to Excel — free account

Northern Oil and Gas, Inc.

In the quarter to June 2026, revenue grew 5.44%, EPS grew 119.6%, free cash flow fell 267.0% and total debt rose 15.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for five; insiders bought in the last twelve months.

27.16 1.41 +5.48%

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Market cap: $2.7B
P/E: 0.0×
Fwd P/E: −13.6×
Dividend yield: 6.63%
F-score: 8/9
Altman Z: 1.13
Beneish M: −2.78
Dividend safety: 42/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.29%

Capital & Financial Ratios $m

Market Cap 2,740.00

Revenue 1,917.08

Net Income (486.02)

Free Cash Flow (294.16)

Net Debt 2,646.30

Current Ratio 0.80

Debt/Equity 1.37

P/E ratio 0.00

Fwd P/E (13.60)

P/S ratio 1.50

P/B ratio 1.44

Past 5Y EPS Growth —

This Y EPS Growth (6.59%)

Next Y EPS Growth 4.47%

Next Y revenue growth (12.27%)

Next 5Y EPS Growth (5.05%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 63.36%

10-year low 10-year high

P/B against its own 10 years 35.40%

10-year low 10-year high

EV/Sales against its own 10 years 49.83%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 1.80

Annual Dividend Yield 6.63%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.79	0.45 0.45 0.45
2025	1.80	0.45 0.45 0.45 0.45
2024	1.64	0.40 0.40 0.42 0.42
2023	1.49	0.34 0.37 0.38 0.40
2022	0.88	0.14 0.19 0.25 0.30
2021	0.16	0.03 0.05 0.08
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	84	55	181	79
Receivables	374	428	368	396
Inventory	—	—	—	—
Other	49	12	30	31
	509	501	586	502

	2023	2024	2025	Q'26
Payables	193	203	219	206
ST’ Debt	—	—	—	—
Other	19	25	4	25
	386	544	539	630

Compound Annual Growth %

	10y	5y	3y
Sales	24.57%	35.00%	16.38%
Cash Flow	19.81%	35.33%	17.48%
Earnings	0.00%	0.00%	(62.37%)
Book Value	0.00%	0.00%	41.83%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5	745	—	—	—
’25	602	707	557	610	2,476
’24	396	561	754	515	2,226
’23	582	477	314	794	2,166
’22	(33)	441	792	370	1,571
’21	21	25	132	319	497
’20	507	(52)	47	50	552

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	324	322	—	—	—
’25	407	362	423	313	1,505
’24	392	340	386	290	1,409
’23	269	308	264	342	1,183
’22	154	210	277	287	928
’21	63	106	94	133	396
’20	101	102	56	73	332

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(311)	(58)	—	—	—
’25	143	35	71	5	253
’24	(15)	117	4	(372)	(266)
’23	(192)	(65)	(386)	(36)	(679)
’22	(264)	99	(24)	(242)	(431)
’21	28	(63)	(66)	(96)	(197)
’20	(4)	16	(3)	38	48

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(5.31)	2.19	—	—	—
’25	1.39	1.00	(1.33)	(0.73)	0.39
’24	0.11	1.36	2.96	0.71	5.14
’23	3.98	1.88	0.28	3.90	10.03
’22	(2.92)	2.74	6.77	1.63	8.92
’21	(1.73)	(1.55)	0.13	2.13	(0.13)
’20	7.40	(21.70)	(5.44)	(3.21)	(21.55)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	15.50	6.30	14.70	14.10	3.35	8.58	20.02	25.56	31.13	19.88	Analyst estimates 2026–2028 Powerpack
	High	58.50	40.00	44.90	29.40	23.60	27.87	39.10	43.64	44.31	42.35
People
People	Employees	19	18	20	24	25	25	33	38	49	64
	Revenue/emp, $m	7.63	11.63	33.95	19.68	22.09	19.88	47.59	57.01	45.42	38.68
Income, $m
Income, $m	Revenue	145	209	679	472	552	497	1,571	2,166	2,226	2,476
	Gross margin, %	57.77	66.40	83.51	62.60	73.54	50.14	73.33	76.59	73.63	75.56
	EBT	(295)	(11)	144	(76)	(906)	7	776	1,001	681	63
	EBT margin, %	(203.51)	(5.14)	21.16	(16.16)	(164.11)	1.33	49.43	46.20	30.59	2.53
	Net income	(293)	(9)	144	(76)	(906)	6	773	923	520	39
	Depreciation	66	64	124	213	166	144	254	493	749	823
Per share, $
Per share, $	Revenue	23.69	33.54	28.74	12.20	12.92	7.89	19.99	23.68	22.29	25.34
	Earnings	(48.00)	(1.50)	6.10	(2.00)	(21.55)	(0.13)	9.26	10.09	5.21	0.40
	Cash flow	16.66	11.69	10.34	8.78	7.76	6.29	11.82	12.93	14.11	15.41
	Capex	(14.87)	(19.11)	(20.09)	(14.70)	(6.64)	(9.43)	(17.31)	(20.36)	(16.77)	(12.82)
	Free cash flow	1.79	(7.41)	(9.75)	(5.93)	1.12	(3.13)	(5.49)	(7.42)	(2.66)	2.59
	Book value	(79.68)	(78.65)	18.20	14.43	(5.22)	3.42	9.49	22.38	23.24	21.76
	Shares, m	6	6	24	39	43	63	79	91	100	98
Valuation, ×
Valuation, ×	P/E	0.00	0.00	3.69	0.00	0.00	0.00	3.16	3.65	7.12	58.03
	P/S	1.22	0.76	0.79	1.92	0.68	2.61	1.45	1.56	1.67	0.85
	P/B	0.00	0.00	1.24	1.62	0.00	6.03	3.06	1.65	1.60	0.99
	EV/Sales	6.93	5.69	2.06	4.57	2.29	4.33	2.44	2.39	2.74	1.77
	EV/FCF	91.84	(25.73)	(6.08)	(9.40)	26.52	(10.91)	(8.88)	(7.64)	(22.88)	17.31
Cash, $m
Cash, $m	Operating cash flow	102	73	244	340	332	396	928	1,183	1,409	1,505
	Capex	(91)	(119)	(475)	(569)	(284)	(594)	(1,360)	(1,862)	(1,675)	(1,252)
	Free cash flow	11	(46)	(230)	(229)	48	(197)	(431)	(679)	(266)	253
Balance, $m
Balance, $m	Working capital	(31)	29	(3)	(70)	(57)	(112)	(24)	124	(44)	47
	Total debt	833	979	830	1,118	945	803	1,525	1,836	2,369	2,395
	Net debt	826	877	712	1,096	892	791	1,488	1,752	2,314	2,214
	Shareholders’ equity	(487)	(491)	430	559	(223)	215	745	2,048	2,320	2,126
Returns, %
Returns, %	ROA	(50.91)	(1.73)	13.45	(4.54)	(66.34)	(0.70)	33.09	25.08	10.32	0.70
	ROIC	(42.31)	9.79	23.68	2.10	(78.61)	4.84	23.88	18.46	11.30	3.54
	ROE	85.69	1.88	(471.30)	(15.65)	(549.48)	205.53	151.54	66.09	23.82	1.74

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CRK Comstock Resources, Inc.	$4.0B	7.8×	16.7×	−24.88% (below 0%: shrinking)	−93.33% (below 0%: shrinking)	−7,691.86% (below 0%: shrinking)	98.75%	6.39%	Compare
BSM Black Stone Minerals, L.P.	$3.1B	12.4×	19.6×	−6.60% (below 0%: shrinking)	−11.32% (below 0%: shrinking)	+10.11% (above 0%: growing)	100.00%	73.89%	Compare
GPOR Gulfport Energy Corporation	$2.9B	6.6×	6.4×	−27.79% (below 0%: shrinking)	−47.12% (below 0%: shrinking)	−128.89% (below 0%: shrinking)	93.86%	39.31%	Compare
TALO Talos Energy Inc.	$2.8B	— (loss-making)	— (loss-making)	+56.53% (above 0%: growing)	n/m	−1.84% (below 0%: shrinking)	100.00%	29.82%	Compare
NOG Northern Oil and Gas, Inc.	$2.7B	— (loss-making)	— (loss-making)	+5.44% (above 0%: growing)	+119.61% (above 0%: growing)	−266.95% (below 0%: shrinking)	76.81%	47.31%
BKV BKV Corporation	$2.4B	8.3×	12.6×	+1.57% (above 0%: growing)	−44.72% (below 0%: shrinking)	−1,530.03% (below 0%: shrinking)	60.28%	26.13%	Compare
KRP Kimbell Royalty	$2.1B	19.4×	17.3×	+29.96% (above 0%: growing)	+1,900.00% (above 0%: growing)	−66.72% (below 0%: shrinking)	100.00%	53.06%	Compare
VET Vermilion Energy Inc.	$1.9B	— (loss-making)	21.3×	+17.00% (above 0%: growing)	n/m	+110.78% (above 0%: growing)	67.53%	29.66%	Compare
MNR Mach Natural Resources LP	$1.8B	18.4×	13.1×	+40.70% (above 0%: growing)	−22.37% (below 0%: shrinking)	−13.11% (below 0%: shrinking)	61.56%	30.17%	Compare
Median of peers	$2.6B	10.4×	16.7×	+9.29%	−33.54%	−39.91%	96.31%	30.00%

All 73 Oil & Gas E&P stocks →