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Northern Oil and Gas(NYSE) NOG

Current Price$21.16
Market Cap$2.30BMarket 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)-12%
5 Year+63%
1 Year-21%
1 Month+11%
Northern Oil and Gas last closing stock price
MetricPriceDate
Last closeUSD 21.182026-07-24
Northern Oil and Gas stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.05%USD 21.192026-07-17
1 month+11.28%USD 19.032026-06-24
3 month-18.8%USD 26.082026-04-24
Year to date+2.52%USD 20.662025-12-31
1 year-20.52%USD 26.652025-07-24
3 year-34.16%USD 32.172023-07-25
5 year+63.15%USD 12.982021-07-23
Since inception-11.83%USD 24.022007-01-10

Northern Oil and Gas Financials at a Glance

Market Cap

$2.30BMarket 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)

$2.06B

Net Income (TTM)

-$623.07M

EPS (TTM)

-$6.36

P/E Ratio

-3.33

Dividend

$1.80

Beta (Volatility)

1.10 (Average)

Price

$21.16

Volume

2,372,697.264

Open

$21.69

Previous Close

$21.18

Daily Range

$21.07 - $21.90

52-Week Range

$17.18 - $31.17

Estimated Earnings Date

Aug 6, 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

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About Northern Oil and Gas

Northern helps find and produce energy across America. They own pieces of wells managed by other firms. This provides the fuel needed for homes and cars.

Energy Ownership

  • Oil Sales: Crude oil extracted from various US formations; accounts for about 81% of oil and gas sales in Q1 2026.
  • Natural Gas and NGLs: Gas and natural gas liquids like propane used for heating; accounts for about 19% of oil and gas sales in Q1 2026.

Strategy and Deals

  • Acquired Ohio energy assets from Antero Resources Corporation in February 2026 for $464.6 million.
  • Partnered with Infinity Natural Resources, LLC in 2026 to manage newly purchased Utica region properties.
  • Purchased interests in the Midland Permian basin from a private seller in April 2025 for $61.7 million.
  • Expanded into the Uinta basin through a $98.3 million acquisition in August 2025.

The Lean Energy Model

Northern works as a non-operator by buying stakes in wells while other companies handle the drilling and daily work. Management focuses on four major American basins, which are large underground regions that contain oil and gas.

Recent Performance

  • Revenue reached $544.1 million in Q1 2026, down 6.2% from Q1 2025.
  • Net income reached -$522.8 million in Q1 2026, down 476.2% from Q1 2025 (turned negative — worsened).
  • Operating cash flow was $323.6 million in Q1 2026, down 20.6% from Q1 2025.
  • Free cash flow hit -$311.1 million in Q1 2026, down 311.8% from Q1 2025 (turned negative — worsened).

The Long View

Northern has evolved from a regional player into a diversified owner of energy assets across four major American basins. Its non-operator model allows the company to grow its production without the high costs of managing its own drilling crews.

AI Generated • May 25, 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

30.58%

Operating Margin

26.04%

Net Income Margin

-30.26%

Return on Equity

-29.09%

Return on Capital

13.58%

Return on Assets

-11.30%

Earnings Yield

-30.03%

Dividend Yield

8.50%

Payout Ratio

-28.27%

Stock Overview

Market Cap

$2.30BMarket 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

108.78M

Volume

2.37M

Avg. Volume

3.15M

Financials (TTM)

Gross Profit

$629.56M

Operating Income

$536.13M

EBITDA

$158.38M

Operating Cash Flow

$1.42B

Capital Expenditure

-$2.17B

Free Cash Flow

-$749.40M

Cash & ST Invst.

$37.04M

Total Debt

$2.55B

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
Q22025-06-30-0.4%
Q32025-09-30-15.9%
Q42025-12-31-7.2%
Q12026-03-3120.7%
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
Q22025-06-30-28.1%
Q32025-09-30-233.0%
Q42025-12-3149.6%
Q12026-03-31-692.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$544.09M

-6.2%

Gross Profit

$178.90M

-20.3%

Gross Margin

32.88%

N/A

Market Cap

$2.30BMarket 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

$36.00M

N/A

Employees

64

N/A

Net Income

-$522.85M

-476.2%

EBITDA

-$456.23M

-204.8%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$37.04M

+10.3%

Total Debt

$2.55B

+10.4%

Accounts Receivable

$409.17M

-2.5%

Inventory

$0.00

N/A

Long Term Debt

$2.55B

+10.4%

Short Term Debt

$0.00

N/A

Return on Assets

-11.30%

N/A

Return on Invested Capital

11.62%

N/A

Free Cash Flow

-$311.06M

-317.7%

Operating Cash Flow

$323.62M

-20.6%

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Questions About NOG

What is the current price of Northern Oil and Gas?

Northern Oil and Gas is trading at $21.18 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 $2.55B.

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

Northern Oil and Gas reported $37.04M 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 8.50%.

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