Northern Oil and Gas financials
$23.21−0.34%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.48B | $2.23B | $2.17B | $1.57B | $496.9M | $324.1M | $601.2M | $678.9M | $209.3M | $159.7M |
| Gross profit | $2.00B | $1.80B | $1.82B | $1.31B | $326.1M | $207.7M | $482.3M | $612.3M | $159.6M | $114.0M |
| Gross margin | 80.9% | 80.7% | 84.0% | 83.4% | 65.6% | 64.1% | 80.2% | 90.2% | 76.2% | 71.4% |
| Operating income | $245.8M | $837.8M | $1.12B | $853.2M | $78.0M | -$1.07B | $184.3M | $432.6M | $60.5M | -$214.5M |
| Net income | $38.8M | $520.3M | $923.0M | $727.7M | -$8.4M | -$921.3M | -$77.3M | $143.7M | -$9.2M | -$293.5M |
| Net margin | 1.6% | 23.4% | 42.6% | 46.3% | −1.7% | −284.3% | −12.9% | 21.2% | −4.4% | −183.8% |
| Diluted EPS | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 | $-21.55 | $-2.00 | $6.07 | $-1.50 | $-48.00 |
| EBITDA | $1.80B | $1.58B | $1.61B | $1.10B | $218.8M | $159.4M | $400.9M | $552.4M | $120.0M | $83.8M |
| Operating cash flow | $1.51B | $1.41B | $1.18B | $928.4M | $396.5M | $331.7M | $339.8M | $244.3M | $73.0M | $101.9M |
| Free cash flow | $252.8M | -$266.1M | -$679.0M | -$431.4M | -$197.3M | $47.8M | -$229.4M | -$230.3M | -$46.4M | $8.7M |
| Diluted shares | 99.3M | 101.3M | 92.1M | 86.7M | 63.0M | 42.7M | 38.7M | 23.7M | 6.2M | 6.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $14.3M | $8.9M | $8.2M | $2.5M | $9.5M | $1.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.40B | $2.40B | $1.86B | $1.55B | $823.9M | $953.2M |
| Total assets | $5.41B | $5.60B | $4.48B | $2.88B | $1.52B | $872.1M |
| Total liabilities | $3.28B | $3.28B | $2.44B | $2.13B | $1.31B | $1.10B |
| Shareholders' equity | $2.13B | $2.32B | $2.05B | $745.3M | $215.1M | -$223.3M |
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