Northern OIL & Gas, Inc. NOG
What this company does
Written from the business description in NORTHERN OIL & GAS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.
Revenue compounded at +50.2% a year over five years.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Each USD of equity produced 2 cents of profit this year.
EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 2.5 | 2.2 | 2.2 | 1.6 | 0.5 | 0.3 | 0.5 | 0.7 | 0.2 | 0.1 | 0.3 | 0.6 | 0.3 | 0.3 | 0.1 | 0.0 | 0.0 |
| Operating income $B | 0.2 | 0.8 | 1.1 | 0.9 | 0.1 | −0.8 | 0.1 | 0.4 | 0.1 | −0.2 | −1.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| EBITDA $B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Income tax $B | 0.0 | 0.2 | 0.1 | 0.0 | 0.0 | −0.0 | 0.0 | −0.0 | −0.0 | −0.0 | −0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income $B | 0.0 | 0.5 | 0.9 | 0.8 | 0.0 | −0.9 | −0.1 | 0.1 | −0.0 | −0.3 | −1.0 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Free cash flow $B | · | · | · | · | 0.4 | · | · | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.0 |
| EPS, diluted $ | 0.39 | 5.14 | 10.03 | 8.92 | −0.13 | −21.55 | −2.00 | 6.07 | −0.15 | −4.80 | −16.08 | 2.69 | 0.85 | 1.15 | 0.65 | 0.14 | 0.08 |
| Dividend / sh $ | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Payout % | 447 | 31 | 13 | 7 | 78 | −0 | −0 | · | · | · | · | · | · | · | · | · | · |
| ROE % | 1.7 | 23.8 | 66.1 | 161.0 | · | −540.4 | −15.4 | · | · | · | −340.3 | 23.5 | 8.8 | 13.4 | 8.7 | 1.6 | · |
| Shares out B | 0.10 | 0.10 | 0.10 | 0.09 | 0.08 | 0.05 | 0.04 | 0.38 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.04 |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Reconciled in 17 of 19 fiscal years. 19 checks could not be computed.