Northern Oil and Gas, Inc. (NOG)
Energy · Oil & Gas E&P · NYSE
Northern Oil and Gas, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $144.90M | $209.32M | $678.92M | $472.40M | $552.21M | $496.90M | $1.99B | $1.90B | $2.15B | $2.48B |
| Gross profit | $99.22M | $159.59M | $612.28M | $353.50M | $435.87M | $326.08M | $1.73B | $1.55B | $1.72B | $2.00B |
| Net income | $-293.49M | $-9.19M | $143.69M | $-76.32M | $-906.04M | $6.36M | $727.70M | $922.97M | $520.31M | $38.76M |
| Net margin | -202.5% | -4.4% | 21.2% | -16.2% | -164.1% | 1.3% | 36.6% | 48.6% | 24.2% | 1.6% |
Source: Northern Oil and Gas, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into NOG stock?
At today's market cap of $2.34B, Northern Oil and Gas, Inc. is priced for free-cash-flow growth of about -2.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $244.18M from the FY ending 2018-12-31). For comparison, free cash flow actually grew 1.9%/yr over the last five fiscal years and revenue 35%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Northern Oil and Gas, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Northern Oil and Gas, Inc. financial history by metric
About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. Northern Oil and Gas, Inc. was founded in 2006 and is headquartered in Minnetonka, Minnesota.
Northern Oil and Gas, Inc. — frequently asked questions
What is Northern Oil and Gas, Inc.'s revenue?
Northern Oil and Gas, Inc. (NOG) reported revenue of $2.48B for fiscal year 2025, up 15.0% from the prior year, according to its SEC filings.
Is Northern Oil and Gas, Inc. profitable?
Yes. NOG earned net income of $38.76M in fiscal 2025, a net margin of 1.6%.
What is NOG's P/E ratio?
Northern Oil and Gas, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Northern Oil and Gas, Inc. growing?
NOG's revenue grew at roughly 35.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Northern Oil and Gas, Inc. have?
As of fiscal year 2025, NOG carried roughly $2.40B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Northern Oil and Gas, Inc.'s gross margin?
NOG's gross margin was 80.9% in fiscal 2025 — gross profit of $2.00B on revenue of $2.48B.
What is Northern Oil and Gas, Inc.'s market cap?
Northern Oil and Gas, Inc. (NOG) has a market capitalization of about $2.34B, based on the latest data in our nightly-refreshed cache.
When does Northern Oil and Gas, Inc.'s fiscal year end?
NOG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into NOG stock?
At today's market cap of $2.34B, Northern Oil and Gas, Inc. is priced for free-cash-flow growth of about -2.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $244.18M from the FY ending 2018-12-31). For comparison, free cash flow actually grew 1.9%/yr over the last five fiscal years and revenue 35%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Northern Oil and Gas, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.