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Northern Oil and Gas(NYSE) NOG

Market Cap$2.81BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2007)+10%
5 Year+91%
1 Year+9%
1 Month+25%
Premium Feature
Moneyball Superscore
53/100
$26.66
+1.12%
+0.29Today
After hours$26.60-$0.05 (-0.21%)
Northern Oil and Gas last closing stock price
MetricPriceDate
Last closeUSD 26.362026-09-01
Northern Oil and Gas stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.23%USD 26.422026-08-25
1 month+24.63%USD 21.152026-07-31
3 month+22.09%USD 21.592026-06-03
Year to date+27.59%USD 20.662025-12-31
1 year+8.68%USD 24.252025-08-29
3 year-27.28%USD 36.252023-09-01
5 year+91.46%USD 13.772021-09-02
Since inception+9.74%USD 24.022007-01-10

Northern Oil and Gas Financials at a Glance

Market Cap

$2.81BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.23B

Net Income (TTM)

-$486.03M

EPS (TTM)

-$5.18

P/E Ratio

-5.09

Dividend

$1.80

Beta (Volatility)

1.07 (Average)

Price

$26.66

Volume

2,009,077.308

Open

$26.10

Previous Close

$26.60

Daily Range

$26.10 - $27.10

52-Week Range

$17.18 - $31.17

Estimated Earnings Date

Nov 9, 2026

NOG News

oil rigs

This 8%-Yielding Stock Offers a Risky but High Dividend as Energy Uncertainty Rises

Andrew PackerJan 15, 2026
Foolcom-Featured.png

NOG Q2 Revenue Up 9%

Motley Fool Markets TeamAug 2, 2025
Arrow angles up on a green stock chart

Why Northern Oil and Gas Stock Popped 11% Today

Rich SmithFeb 5, 2021
19_12_09 A pair of hands stained with oil _GettyImages-821416626

Why Centennial Resource Development, QEP Resources, and Northern Oil and Gas Rocketed as Much as 20% Thursday

Reuben Gregg BrewerOct 9, 2020
16_06_15 A man with a notebook in front of oil well _GettyImages-156525694

Why Northern Oil and Gas Stock Jumped 10% at the Open Today

Reuben Gregg BrewerSep 11, 2020
20_06_29 A woman in front of oil wells _GettyImages-638446776

Why Northern Oil & Gas, Centennial Resources, and Oasis Petroleum Jumped Today

Reuben Gregg BrewerJul 1, 2020
Oil pumps with a downward sloping chart in the background.

Oil Stocks Barely Blink as Oil Implodes and Crashes Into Negative Territory

Matt DiLalloApr 20, 2020
drilling rig dark

Shares of Northern Oil & Gas Pop on Acquisition Announcement and Production Guidance

Tyler CroweJul 31, 2018
Page 1

NOG: Motley Fool Moneyball Superscore

53

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About Northern Oil and Gas

Northern Oil and Gas, Inc. buys small stakes in energy wells. It helps bigger companies produce oil and natural gas. This business makes money when these wells sell fuel.

Energy Stakes and Shale Plays

  • Crude Oil: Energy source produced from North American basins; accounted for 83% of oil and gas sales in the second quarter of 2026.
  • Natural Gas and Liquids: Gaseous fuels and natural gas liquids (NGLs) like propane; made up 17% of oil and gas sales in the second quarter of 2026.
  • Working Interests: Ownership stakes in active drilling projects; allows participation in production without managing daily field operations.

Recent Deals and Basin Moves

  • Completed the Duvernay Acquisition in Canada in June 2026.
  • Finalized the Utica Acquisition during the first six months of 2026.
  • Acquired oil and gas properties in the Uinta Basin, contributing to production growth in 2025 and 2026.
  • Issued 8,288,289 shares of common stock in a public offering in March 2026 to raise capital.

The Nonoperated Advantage

Northern Oil focuses on a nonoperated business model, which means it owns parts of wells managed by other companies. By holding stakes in thousands of wells across North America, the firm limits its exposure to risks at any single site.

The Numbers Behind the Wells

  • Total revenues reached $745.2 million in the second quarter of 2026, up 5% year over year.
  • Average daily production rose to 145,659 barrels of oil equivalent (Boe) per day in the second quarter of 2026, a 9% increase year over year.
  • Total liquidity was approximately $1.0 billion as of June 30, 2026, including $47.6 million in cash on hand.
  • The company recorded a non-cash impairment charge of $268.3 million during the six months ended June 30, 2026.
  • Total debt stood at $2.8 billion as of June 30, 2026, across revolving credit and senior notes.

Bottom Line

Northern Oil has transformed from a regional player into a diversified energy firm with assets across North America. Its strategy of acquiring minority stakes allows for growth through large-scale drilling projects led by industry partners.

AI Generated • Aug 8, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

64

CEO

Nicholas O'Grady

Website

www.noginc.com

Headquarters

Minnetonka, MN 55343, US

NOG Financials

Key Financial Metrics (TTM)

Gross Margin

34.45%

Operating Margin

32.01%

Net Income Margin

-21.83%

Return on Equity

-23.85%

Return on Capital

13.58%

Return on Assets

-8.34%

Earnings Yield

-19.65%

Dividend Yield

6.83%

Payout Ratio

-36.95%

Stock Overview

Market Cap

$2.81BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

106.55M

Volume

2.01M

Avg. Volume

2.98M

Financials (TTM)

Gross Profit

$766.89M

Operating Income

$712.50M

EBITDA

$321.35M

Operating Cash Flow

$1.38B

Capital Expenditure

-$2.22B

Free Cash Flow

-$838.46M

Cash & ST Invst.

$47.60M

Total Debt

$2.72B

Northern Oil and Gas Performance Analysis

Northern Oil and Gas annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,985,798,000103.7%
20232023-12-31USD 1,907,009,000-4.0%
20242024-12-31USD 2,163,761,00013.5%
20252025-12-31USD 2,095,059,000-3.2%
Northern Oil and Gas sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-15.9%
Q42025-12-31-7.2%
Q12026-03-3120.7%
Q22026-06-3037.0%
Northern Oil and Gas annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 8.40N/A
20232023-12-31USD 10.0319.4%
20242024-12-31USD 5.14-48.8%
20252025-12-31USD 0.39-92.4%
Northern Oil and Gas sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-233.0%
Q42025-12-3149.6%
Q12026-03-31-692.5%
Q22026-06-30141.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$745.24M

+28.9%

Gross Profit

$352.54M

+63.8%

Gross Margin

47.31%

N/A

Market Cap

$2.81BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$43.88M

N/A

Employees

64

N/A

Net Income

$236.63M

+137.6%

EBITDA

$544.92M

+42.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$47.60M

+84.1%

Total Debt

$2.72B

+15.2%

Accounts Receivable

$395.62M

-6.3%

Inventory

$0.00

N/A

Long Term Debt

$2.72B

+15.2%

Short Term Debt

$0.00

N/A

Return on Assets

-8.34%

N/A

Return on Invested Capital

13.71%

N/A

Free Cash Flow

-$58.19M

-288.6%

Operating Cash Flow

$321.62M

-11.2%

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Questions About NOG

What is the current price of Northern Oil and Gas?

Northern Oil and Gas is trading at $26.60 per share.

What is the 52-week range for Northern Oil and Gas?

Over the past 52 weeks, Northern Oil and Gas has traded between $17.18 and $31.17.

How much debt does Northern Oil and Gas have?

As of the most recent reporting period, Northern Oil and Gas reported total debt of $2.72B.

How much cash does Northern Oil and Gas have on hand?

Northern Oil and Gas reported $47.60M in cash and cash equivalents in its most recent financial results.

What is Northern Oil and Gas’s dividend yield?

Northern Oil and Gas currently has a dividend yield of 6.83%.

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