NOG
$27.16+5.48%
NOG financial statements
The full income statement, balance sheet, and cash-flow statement for Northern Oil and Gas Inc. (NOG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 100.2M2024-09 99.8M2024-12 99.1M2025-03 98.7M2025-06 97.6M2025-09 97.6M2025-12 97.3M2026-03 105.8M2026-06 106.5M+6.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.48B+11.2% | 2.23B+2.7% | 2.17B+9.1% | 1.99B+103.7% | 975M+76.6% | |
| Cost of revenue | 474M+10.2% | 430M+23.9% | 347M+33.1% | 261M+52.6% | 171M+46.8% | |
| Selling, general & administrative | 61.3M+21.5% | 50.5M+7.8% | 46.8M-0.8% | 47.2M+55.6% | 30.3M+63.6% | |
| General & administrative | 61.3M+21.5% | 50.5M+7.8% | 46.8M-0.8% | 47.2M+55.6% | 30.3M+63.6% | |
| Provision for credit losses | — | — | — | — | 300K+0.0% | |
| Operating income | 246M-70.7% | 838M-25.3% | 1.12B+31.5% | 853M+994.4% | 78.0M+109.3% | |
| Interest expense | 172M+9.3% | 158M+16.3% | 136M+68.9% | 80.3M+36.1% | 59.0M+0.9% | |
| Other non-operating income | 637K+44.8% | 440K-90.8% | 4.79M+2691.9% | -185K-1955.6% | -9.00K+25.0% | |
| Pre-tax income | 62.7M-90.8% | 681M-32.0% | 1.00B+28.9% | 776M+11673.4% | 6.59M+100.7% | |
| Income tax | 23.9M-85.1% | 161M+106.4% | 77.8M+2408.0% | 3.10M+1230.9% | 233K+240.4% | |
| 38.8M-92.6% | 520M-43.6% | 923M+19.4% | 773M+12055.9% | 6.36M+100.7% | ||
| Preferred dividends | — | — | — | 21.7M-25.8% | 29.2M | |
| Net income to common | 38.8M-92.6% | 520M-43.6% | 923M+26.8% | 728M+8763.1% | -8.40M+99.1% | |
| $0.39-92.4% | $5.14-48.8% | $10.03+12.4% | $8.92+6961.5% | -$0.13+99.4% | ||
| EPS (basic) | $0.40-92.3% | $5.21-48.4% | $10.09+9.0% | $9.26+7223.1% | -$0.13+99.4% | |
| Weighted-avg shares (basic) | 97.7M-2.1% | 99.9M+9.1% | 91.5M+16.5% | 78.6M+24.7% | 63.0M+47.4% | |
| Weighted-avg shares (diluted) | 99.3M-1.9% | 101M+10.0% | 92.1M+6.2% | 86.7M+37.6% | 63.0M+47.4% | |
| Dividends per share | $1.78+9.1% | $1.63+33.0% | $1.23+103.0% | $0.61+847.8% | $0.06 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 586M+17.0% | 501M-1.7% | 509M+58.9% | 320M+48.8% | 215M+71.4% | ||
| Cash & equivalents | 14.3M+60.1% | 8.93M+9.0% | 8.20M+224.2% | 2.53M-73.4% | 9.52M+566.6% | |
| Accounts receivable | 350M-10.2% | 390M+5.2% | 371M+36.6% | 271M+40.2% | 194M+172.6% | |
| Prepaid expenses | 37.1M | — | — | — | — | |
| 5.41B-3.5% | 5.60B+25.0% | 4.48B+56.0% | 2.88B+88.8% | 1.52B+74.6% | ||
| Property, plant & equipment | 4.75B-6.6% | 5.08B+29.3% | 3.93B+58.3% | 2.48B+98.1% | 1.25B+70.5% | |
| Deferred tax assets | 0.00 | — | — | — | — | |
| Other non-current assets | 73.9M+567.5% | 11.1M-28.4% | 15.5M-4.6% | 16.2M+38.8% | 11.7M+4.8% | |
| 539M-0.9% | 544M+41.1% | 386M+11.8% | 345M+5.3% | 328M+79.5% | ||
| Accounts payable | 219M+7.8% | 203M+5.3% | 193M+49.8% | 129M+96.4% | 65.5M+82.8% | |
| Accrued liabilities | 321M+10.3% | 291M+96.6% | 148M+21.5% | 122M+15.3% | 106M+53.8% | |
| Short-term & current debt | — | — | — | — | 0.00-100.0% | |
| Other current liabilities | 3.88M-17.6% | 4.71M+120.9% | 2.13M+19.6% | 1.78M+3.4% | 1.72M+58.4% | |
| 3.28B-0.0% | 3.28B+34.8% | 2.44B+14.4% | 2.13B+62.9% | 1.31B+19.4% | ||
| Long-term debt | 2.40B+1.1% | 2.37B+29.1% | 1.84B+20.3% | 1.53B+89.9% | 803M-8.7% | |
| Deferred tax liabilities | 248M+8.6% | 228M+233.0% | 68.5M | 0.00 | — | |
| Other non-current liabilities | 1.77M-22.1% | 2.27M-17.1% | 2.74M+34.0% | 2.04M-34.2% | 3.11M+6120.0% | |
| 2.13B-8.4% | 2.32B+13.3% | 2.05B+174.8% | 745M+246.4% | 215M+196.3% | ||
| Preferred stock | — | — | — | 0.00-100.0% | 2.00K+0.0% | |
| Common stock | 499K-0.4% | 501K-0.4% | 503K+3.3% | 487K+1.7% | 479K+6.9% | |
| Additional paid-in capital | 1.64B-12.4% | 1.88B-11.6% | 2.12B+21.7% | 1.75B-12.2% | 1.99B+27.8% | |
| Retained earnings | 481M+8.8% | 443M+668.9% | -77.8M+92.2% | -1.00B+43.6% | -1.77B+0.4% | |
| Accumulated other comprehensive income | 0.00 | — | — | — | — | |
| Total equity incl. non-controlling | — | — | 2.05B+174.8% | 745M+246.4% | 215M+196.3% | |
| Total liabilities & equity | 5.41B-3.5% | 5.60B+25.0% | 4.48B+56.0% | 2.88B+88.8% | 1.52B+74.6% | |
| Common shares issued | 97.3M-1.9% | 99.1M-1.6% | 101M+18.3% | 85.2M+10.1% | 77.3M+68.5% | |
| Common shares outstanding | 97.3M-1.9% | 99.1M-1.6% | 101M+18.3% | 85.2M+10.1% | 77.3M+68.5% | |
| Shares outstanding (cover) | 97.3M-1.8% | 99.1M-1.7% | 101M+18.3% | 85.3M+10.3% | 77.3M+28.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.51B+6.9% | 1.41B+19.0% | 1.18B+27.5% | 928M+134.2% | 396M+19.5% | ||
| Share-based compensation | 15.4M+28.4% | 12.0M+111.5% | 5.66M+0.1% | 5.66M+56.2% | 3.62M-12.1% | |
| Deferred income taxes | 23.6M-85.2% | 160M+107.6% | 76.9M+13560.2% | -571K-345.1% | 233K+11.0% | |
| Change in receivables | -39.7M-328.9% | 17.4M-82.9% | 101M+35.3% | 74.9M-38.7% | 122M+424.6% | |
| Change in payables | 14.9M+295.8% | 3.76M+161.8% | -6.08M-1699.1% | -338K-102.4% | 14.1M+1393.9% | |
| -1.25B+25.2% | -1.67B+10.1% | -1.86B-32.8% | -1.40B-121.1% | -634M-123.5% | ||
| Capital expenditure | 1.25B-25.3% | 1.67B-10.0% | 1.86B+37.3% | 1.36B+230.2% | 410M+774.4% | |
| Free cash flow | 254M+195.3% | -266M+60.8% | -678M-58.8% | -427M-2956.5% | -14.0M-104.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -247M-192.7% | 267M-61.0% | 685M+46.5% | 467M+89.9% | 246M+494.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00-100.0% | 515M | 0.00-100.0% | 438M | |
| Common stock repurchased | 57.0M-39.7% | 94.5M+1080.6% | 8.00M-85.3% | 54.5M | 0.00 | |
| Dividends paid | 173M+7.1% | 162M+30.7% | 124M+140.2% | 51.6M+945.0% | 4.94M | |
| Net change in cash | 5.37M+627.1% | 738K-87.0% | 5.67M+181.0% | -6.99M-186.4% | 8.09M+155.3% | |
| Interest paid | 171M+12.4% | 152M+17.9% | 129M+72.1% | 74.9M+59.6% | 47.0M-14.8% | |
| Income taxes paid | -1.17M-453.0% | 332K-91.3% | 3.83M+4.2% | 3.67M | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.09B-43.3% | 3.68B-1.1% | 3.73B+55.2% | 2.40B+50.8% | 1.59B+200.7% | |
| P/E | 53.9×+661.3% | 7.1×+29.0% | 5.5×+83.5% | 3.0×-98.8% | 250.2× | |
| P/S | 0.8×-49.0% | 1.7×-11.8% | 1.9×+46.4% | 1.3×-21.5% | 1.6×+70.3% | |
| P/B | 1.0×-38.1% | 1.6×-40.0% | 2.6×-21.8% | 3.4×-54.3% | 7.4× | |
| P/FCF | 8.2× | — | — | — | — | |
| Earnings yield | 1.9%-86.9% | 14.1%-22.5% | 18.2%-45.5% | 33.5%+8271.0% | 0.40% | |
| FCF yield | 12.1% | — | — | — | — | |
| Dividend yield | 8.3%+88.8% | 4.4%+32.7% | 3.3%+68.8% | 2.0%+532.9% | 0.31% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: NOG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NOG filings on SEC EDGAR → Not investment advice.