MARKETS / NYSE / NOG
NYSE · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Northern OIL & Gas, Inc. NOG

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$2.5B
▲ 11.2% vs FY2024
EPS · FY25
$0.39
Dividend / sh · FY25
Payout · FY25
447%
ROE · FY25
1.7%
Net margin · FY25
1.6%
Dividend coverage
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Result
USD 2.5B
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.81.62.43.22.50.02009201220152018202120242025
0.81.62.43.22.50.02016201920222025

2 cents of every revenue dollar became profit this year.

Per share
USD 0.39
Diluted EPS, FY2025
EPS
48120.392009201220152018202120242025
48120.392016201920222025

The company pays no cash dividend.

Profitability
1.7%
Return on equity, FY2025
ROE
501001502001.7%2009201220152018202120242025
501001502001.7%2016201920222025
Operating margin9.9%
Net margin1.6%
Return on assets0.7%

Each USD of equity produced 2 cents of profit this year.

Returned to shareholders
USD 230.4M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 173.4M
Net buybacksUSD 57.0M
Share of profit594.5%
Consecutive raises

USD 173.4M in dividends and USD 57.0M in buybacks — 594% of the year's profit, so the payout drew on cash built up earlier.

Growth
+50.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+16.4%
+50.2%
+24.6%
+30.7%
Net income
−63.1%
+12.2%
EPS, diluted
−64.8%
Returned to shareholders
+29.5%
+91.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.10B
Shares outstanding, FY2025
0.040.102009201220152018202120242025
0.060.102016201920222025
Change, 5 years+5.1%
Change, 10 years

The share count grew 5% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 5.4B
total assets, end of FY2025
Total assetsUSD 5.4B
EquityUSD 2.1B
CashUSD 14.3M
Gross debtUSD 2.4B
Net debtUSD 2.4B
Current ratio1.09×

Net debt stands at 112% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
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
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 figures not disclosed in the filing for that year.

How we verifyAUDITED
49 of 49
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed