Northern Oil and Gas financials
$23.21−0.34%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $745.2M | $544.1M | $610.2M | $556.6M | $706.8M | $580.3M | $515.0M | $753.6M | $560.8M | $534.9M | $793.5M | $314.0M |
| Gross profit | $618.1M | $414.3M | $490.3M | $438.3M | $585.4M | $466.3M | $398.4M | $646.7M | $459.9M | $429.4M | $691.5M | $231.5M |
| Gross margin | 82.9% | 76.2% | 80.4% | 78.7% | 82.8% | 80.3% | 77.4% | 85.8% | 82.0% | 80.3% | 87.1% | 73.7% |
| Operating income | $352.5M | -$115.8M | -$33.8M | -$125.8M | $176.2M | $207.5M | $132.6M | $433.9M | $218.9M | $192.9M | $484.0M | $42.4M |
| Net income | $236.6M | -$522.8M | -$70.7M | -$129.1M | $99.6M | $139.0M | $71.7M | $298.4M | $138.6M | $11.6M | $388.9M | $26.1M |
| Net margin | 31.8% | −96.1% | −11.6% | −23.2% | 14.1% | 23.9% | 13.9% | 39.6% | 24.7% | 2.2% | 49.0% | 8.3% |
| Diluted EPS | $2.19 | $-5.31 | $-0.70 | $-1.33 | $1.00 | $1.39 | $0.71 | $2.96 | $1.36 | $0.11 | $3.89 | $0.28 |
| EBITDA | $545.4M | $349.5M | $438.7M | $392.3M | $530.6M | $413.2M | $337.3M | $619.6M | $395.5M | $366.8M | $484.0M | $176.2M |
| Operating cash flow | $321.6M | $323.6M | $312.6M | $423.1M | $362.1M | $407.4M | $290.3M | $385.8M | $340.5M | $392.1M | $342.4M | $263.9M |
| Free cash flow | -$58.2M | -$311.1M | $4.6M | $70.5M | $34.8M | $142.9M | -$372.4M | $3.9M | $117.3M | -$14.9M | -$18.7M | -$386.5M |
| Diluted shares | 108.1M | 98.5M | 100.7M | 97.1M | 99.4M | 100.0M | 100.7M | 100.7M | 102.0M | 101.6M | 100.0M | 93.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $47.6M | $37.0M | $14.3M | $31.6M | $25.9M | $33.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $2.72B | $2.55B | $2.40B | $2.35B | $2.37B | $2.34B |
| Total assets | $5.83B | $5.51B | $5.41B | $5.49B | $5.70B | $5.67B |
| Total liabilities | $3.83B | $3.73B | $3.28B | $3.25B | $3.29B | $3.27B |
| Shareholders' equity | $2.00B | $1.78B | $2.13B | $2.24B | $2.41B | $2.40B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology