Northern Oil & Gas, Inc. (NOG)
Northern Oil & Gas, Inc. brought in $1.7B of revenue over the twelve months to September 30, 2026, down 28.3% from a year earlier. It posted a net loss of $468.8M. At September 30, 2026 it held $26.4M in cash against $2.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Northern Oil & Gas, Inc.
- Net worth
- Northern Oil & Gas, Inc. has a market value (market cap) of $2.5B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.5B (+11.2% year on year), with net income of $38.8M. Over the 12 months to September 30, 2026: revenue $1.7B, net loss $468.8M.
- Cash flow
- In fiscal 2025 operations brought in $1.5B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Northern Oil & Gas, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Northern Oil & Gas, Inc. does
Northern Oil & Gas, Inc. is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on NYSE under the ticker NOG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.5B | $38.8M | $0.39 | n/a |
| 2024 | $2.2B | $520.3M | $5.14 | n/a |
| 2023 | $2.2B | $923M | $10.03 | n/a |
| 2022 | $2B | $773.2M | $8.92 | n/a |
| 2021 | $975.1M | $6.4M | -$0.13 | n/a |
| 2020 | $552.2M | -$906M | -$21.55 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NOG ranks in Energy
Dividends
It paid out $173.4M in cash dividends, 447% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $173.4M | 447% |
| 2024 | n/a | $162M | 31% |
| 2023 | n/a | $123.9M | 13% |
| 2022 | n/a | $51.6M | 7% |
| 2021 | n/a | $4.9M | 78% |
| 2020 | n/a | $0 | n/a |
Latest SEC filings
What Northern Oil & Gas, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 38% to $345.9M versus the same quarter last year; diluted EPS -$1.06 versus -$1.33.
- November 5, 2026
- October 13, 2026
- September 18, 2026
- August 26, 2026
- August 19, 2026Other event 8-K
- August 19, 2026Other event 8-K
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.4% to $745.2M versus the same quarter last year; diluted EPS $2.19 versus $1.00.
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
Insider trades
What the people running Northern Oil & Gas, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 6 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Meier LisaDirector | Received as pay | 1,912 | - |
| September 30, 2026 | Akradi BahramDirector | Received as pay | 5,026 | - |
| September 30, 2026 | Kimble William FDirector | Received as pay | 1,912 | - |
| September 30, 2026 | Frantz Michael ADirector | Received as pay | 1,912 | - |
| September 30, 2026 | Lasher Stuart G.Director | Received as pay | 1,912 | - |
| September 30, 2026 | Pomerantz Jennifer S.Director | Received as pay | 3,005 | - |
| June 30, 2026 | Meier LisaDirector | Received as pay | 2,410 | - |
| June 30, 2026 | Akradi BahramDirector | Received as pay | 6,336 | - |
Who owns NOG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| American Century Investment Management, Inc.13G, passive with 2 related filers | 8.1% | August 14, 2025 |
| Vanguard Portfolio Management13G, passive | 6.33% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.04% | April 30, 2026 |
Largest institutional holders
Insiders
12 insiders reported holding 2,737,761 shares in total, about $64.1M at the last price.
| Holder | Shares |
|---|---|
| Akradi BahramDirector | 1,724,806 |
| O'Grady Nicholas L.CEO, Director | 261,071 |
| Dirlam Adam A.President | 141,05027,715 held indirectly |
| Romslo Erik J.Chief Legal Officer & Sec. | 101,760 |
| Easley Roy ErnestDirector | 86,666 |
| Allen Chad WCFO | 83,910 |
| Evans James B.Chief Technical Officer | 78,179 |
| Lasher Stuart G.Director | 72,011 |
| Frantz Michael ADirector | 69,053 |
| Meier LisaDirector | 63,752 |
Questions about NOG
What does Northern Oil & Gas, Inc. do?
Northern Oil & Gas, Inc. is a company in the Energy sector, listed on NYSE as NOG. Its shares trade on NYSE under the ticker NOG.
What is Northern Oil & Gas, Inc.'s net worth?
Northern Oil & Gas, Inc. has a market value (market cap) of $2.5B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Northern Oil & Gas, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $468.8M on revenue of $1.7B.
How much revenue does Northern Oil & Gas, Inc. make?
Over the twelve months to September 30, 2026 Northern Oil & Gas, Inc. reported revenue of $1.7B. That is 28.3% less than a year earlier.
When did Northern Oil & Gas, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Northern Oil & Gas, Inc.'s next earnings report?
Northern Oil & Gas, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Northern Oil & Gas, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.