Northern Oil And Gas Inc (NOG) financials
Northern Oil And Gas revenue and earnings by year
Northern Oil And Gas's revenue was $2.48 billion in the fiscal year to December 31, 2025, up 11.2% from the year before. Net income was $38.8 million, 1.6% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 37.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.48 | 2.23 | 2.17 | 1.57 | 0.50 | 0.55 | 0.47 | 0.68 | 0.21 | 0.14 |
| Revenue growth | 11.2% | 2.7% | 37.9% | 216.1% | -10.0% | 16.9% | -30.4% | 224.3% | 44.5% | — |
| Gross profit | 1.87 | 1.64 | 1.66 | 1.15 | 0.25 | 0.41 | 0.30 | 0.57 | 0.14 | 0.08 |
| Gross margin | 75.6% | 73.6% | 76.6% | 73.3% | 50.1% | 73.5% | 62.6% | 83.5% | 66.4% | 57.8% |
| Operating income | 0.25 | 0.84 | 1.12 | 0.85 | 0.08 | -0.84 | 0.06 | 0.43 | 0.06 | -0.23 |
| Operating margin | 9.9% | 37.6% | 51.8% | 54.3% | 15.7% | -152.3% | 13.1% | 63.7% | 28.9% | -158.2% |
| Net income | 0.04 | 0.52 | 0.92 | 0.77 | 0.01 | -0.91 | -0.08 | 0.14 | -0.01 | -0.29 |
| Net margin | 1.6% | 23.4% | 42.6% | 49.2% | 1.3% | -164.1% | -16.2% | 21.2% | -4.4% | -202.5% |
| Diluted EPS | $0.39 | $5.14 | $10.03 | $8.92 | -$0.13 | -$21.55 | -$2.02 | — | -$1.40 | -$48.00 |
| Free cash flow | 0.25 | -0.27 | -0.68 | -0.43 | -0.20 | 0.05 | -0.23 | -0.23 | -0.05 | 0.01 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NOG in Markets.
See also: NOG valuation and P/E history · NOG returns
No forecast, no recommendation. This page describes Northern Oil And Gas Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.