Northern Oil & Gas, Inc.
NOG- Exchange
- NYSE
- Industry
- Crude Petroleum & Natural Gas
- SEC CIK
- 0001104485
No open-market purchases or sales by Northern Oil & Gas, Inc. insiders were filed in the last 90 days; 341 institutions reported holding it in 13F filings for Q2 2026, worth $1.99B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:40 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Jan 29, 2025 | Feb 16, 2024 | Feb 6, 2023 | Feb 23, 2022 |
| Revenue | $2.48B | $2.23B | $2.17B | $1.57B | $496.9M |
| Cost of revenue | $473.7M | $429.8M | $347.0M | $260.7M | $170.8M |
| Selling, general and administrative | $61.3M | $50.5M | $46.8M | $47.2M | $30.3M |
| Operating income | $245.8M | $837.8M | $1.12B | $853.2M | $78.0M |
| Interest expense | – | – | $135.7M | $80.3M | $59.0M |
| Income tax | $23.9M | $160.5M | $77.8M | $3.10M | $233.0K |
| Net income | $38.8M | $520.3M | $923.0M | $773.2M | $6.36M |
| EPS, basic | $0.40 | $5.21 | $10.09 | $9.26 | $-0.13 |
| EPS, diluted | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 |
| Weighted shares, basic | 97.7M | 99.9M | 91.5M | 78.6M | 63.0M |
| Weighted shares, diluted | 99.3M | 101.3M | 92.1M | 86.7M | 63.0M |
| Margins and growth | |||||
| Operating margin | 9.9% | 37.6% | 51.8% | 54.3% | 15.7% |
| Net margin | 1.6% | 23.4% | 42.6% | 49.2% | 1.3% |
| Revenue growth, year over year | +11.2% | +2.7% | +37.9% | +216.1% | −10.0% |
| Net income growth, year over year | −92.6% | −43.6% | +19.4% | +12,055.9% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Jan 29, 2025 | Feb 16, 2024 | Feb 6, 2023 | Feb 23, 2022 |
| Cash and equivalents | $14.3M | $8.93M | $8.20M | $2.53M | $9.52M |
| Accounts receivable | $349.9M | $389.7M | $370.5M | $271.3M | $193.6M |
| Total current assets | $586.0M | $500.7M | $509.4M | $320.5M | $215.3M |
| Property, plant and equipment | $4.75B | $5.08B | $3.93B | $2.48B | $1.25B |
| Total assets | $5.41B | $5.60B | $4.48B | $2.88B | $1.52B |
| Accounts payable | $218.6M | $202.9M | $192.7M | $128.6M | $65.5M |
| Short-term debt | – | – | – | – | $0 |
| Total current liabilities | $539.3M | $544.3M | $385.8M | $345.0M | $327.6M |
| Long-term debt | $2.40B | $2.37B | $1.84B | $1.53B | $803.4M |
| Total liabilities | $3.28B | $3.28B | $2.44B | $2.13B | $1.31B |
| Shareholders' equity | $2.13B | $2.32B | $2.05B | $745.3M | $215.1M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Jan 29, 2025 | Feb 16, 2024 | Feb 6, 2023 | Feb 23, 2022 |
| Operating cash flow | $1.51B | $1.41B | $1.18B | $928.4M | $396.5M |
| Stock-based compensation | $15.4M | $12.0M | $5.66M | $5.66M | $3.62M |
| Dividends paid | $173.4M | $162.0M | $123.9M | $51.6M | $4.94M |
| Share buybacks | $57.0M | $94.5M | $8.00M | $54.5M | $0 |
| Investing cash flow | -$1.25B | -$1.67B | -$1.86B | -$1.40B | -$634.4M |
| Financing cash flow | -$247.5M | $266.8M | $684.7M | $467.4M | $246.1M |
| Net change in cash | $5.37M | $738.0K | $5.67M | -$6.99M | $8.09M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.6% | 0.5% | 0.3% | 0.4% | 0.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 2, 2026 | 105.9M | +8.5% | SEC |
| Aug 3, 2026 | 106.5M | +9.2% | SEC |
| Apr 24, 2026 | 105.8M | +7.2% | SEC |
| Feb 23, 2026 | 97.3M | −1.8% | SEC |
| Nov 3, 2025 | 97.6M | −2.2% | SEC |
| Jul 28, 2025 | 97.6M | −2.6% | SEC |
| Apr 28, 2025 | 98.7M | −2.3% | SEC |
| Feb 18, 2025 | 99.1M | −1.7% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.