Northern Oil and Gas, Inc., an independent energy company, is engaged in the acquisition, exploration, exploitation, development and production of crude oil and natural gas properties in the United States. The company is headquartered in Minnetonka, Minnesota.
| Revenue (TTM) | $2.01B |
| Gross Profit (TTM) | $1.52B |
| EBITDA | $1.20B |
| Operating Margin | 57.10% |
| Return on Equity | -22.10% |
| Return on Assets | 4.60% |
| Revenue/Share (TTM) | $20.19 |
| Book Value | $18.81 |
| Price-to-Book | 1.24 |
| Price-to-Sales (TTM) | 1.23 |
| EV/Revenue | 2.385 |
| EV/EBITDA | 15.98 |
| Quarterly Earnings Growth (YoY) | 119.00% |
| Quarterly Revenue Growth (YoY) | 16.00% |
| Shares Outstanding | $106.55M |
| Float | $103.04M |
| % Insiders | 2.89% |
| % Institutions | 105.97% |
Volatility is currently expanding
Northern Oil and Gas (NOG) remains a Strong Buy, supported by robust adjusted EBITDA growth and a steep sector discount. NOG's strategic pivot toward natural gas and improved per-barrel economics offset recent hedge-driven earnings volatility. Refinancing has lowered interest costs, supporting margin expansion and a sustainable, growing dividend currently yielding over 7%.
MINNEAPOLIS--(BUSINESS WIRE)--NOG ANNOUNCES PRICING OF $500 MILLION PRIVATE OFFERING OF SENIOR NOTES.
NOG's low valuation and strong free cash flow offer appeal, but leverage, commodity exposure and operator reliance keep the setup balanced.
Northern Oil and Gas is a non-operator oil & gas company trading at a deep discount, with a 7%+ dividend yield and robust free cash flow. NOG's business model enables capital flexibility and consistent free cash flow but exposes it to commodity price swings and limits operational control. Q2 2026 saw free cash flow rise 26% year-over-year to $159M, with management guiding up to $500M for 2026 and expanding buyback capacity.
NOG beats Q2 earnings and sales estimates as natural gas production surges, despite weaker gas prices weighing on profits.
Northern Oil and Gas, Inc. (NOG) Q2 2026 Earnings Call Transcript
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Second Quarter 2026 Results.
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today announced that its Board of Directors has declared a cash dividend on the Company's common stock. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing an equal amount to the prior quarterly dividend. The dividend is payable on October 30, 2026, to stockholders of record as of the close of business on September 29, 2026. ABOUT NO.
Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today provided an update on several business matters including second quarter hedging results, an update on ground game transactions and shareholder returns. HIGHLIGHTS NOG reiterates 2026 production and capital expenditure guidance Strong second quarter for the Ground Game closing on over 2,300 net acres and 6.2 net wells On June 1, closed the previously announced Duvernay Joint Development acquisitio.
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