Company research
NORTHERN OIL & GAS, INC.
CIK 1104485Updated Sep 25, 2026
SecurityNOG · NYSE · equity
Name history
KENTEX PETROLEUM INC · through Mar 8, 2007
NOG price & chart
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NYSE:NOG on TradingView ↗About the company
NOG is the largest publicly traded dedicated non-operator in the United States, built on a differentiated strategy of acquiring non-operated minority working interests and mineral rights across the premier basins of North America.
In the news
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Recent filings
SD filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Other Events
Items 8.01, 9.01
Other Events
Items 8.01, 9.01
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
4 filing
4 filing
Financials
FY 2025 · USDSource
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,409,375,000Source | 5,603,822,000Source | 4,484,255,000Source | 2,875,178,000Source |
| Property, Plant and Equipment, NetUSD | 4,746,367,000Source | 5,082,170,000Source | 3,931,563,000Source | 2,482,926,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 14,299,000Source | 8,933,000Source | 8,195,000Source | 2,528,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 349,927,000Source | 389,673,000Source | 370,531,000Source | 271,336,000Source |
| Assets, CurrentUSD | 586,031,000Source | 500,743,000Source | 509,407,000Source | 320,485,000Source |
| Other Assets, NoncurrentUSD | 73,941,000Source | 11,077,000Source | 15,466,000Source | 16,220,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,283,034,000Source | 3,283,387,000Source | 2,436,578,000Source | 2,129,917,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 0Source |
| Common Stock, Value, IssuedUSD | 499,000Source | 501,000Source | 503,000Source | 487,000Source |
| Additional Paid in CapitalUSD | — | — | 2,124,963,000Source | 1,745,532,000Source |
| Retained Earnings (Accumulated Deficit)USD | 481,279,000Source | 442,518,000Source | -77,790,000Source | -1,000,759,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,126,341,000Source | 2,320,435,000Source | 2,047,676,000Source | 745,260,000Source |
| Additional Paid in Capital, Common StockUSD | 1,644,563,000Source | 1,877,416,000Source | — | — |
| Liabilities and EquityUSD | 5,409,375,000Source | 5,603,822,000Source | 4,484,255,000Source | 2,875,178,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 539,293,000Source | 544,270,000Source | 385,761,000Source | 344,972,000Source |
| Accounts Payable, CurrentUSD | 218,620,000Source | 202,866,000Source | 192,672,000Source | 128,582,000Source |
| Deferred Income Tax Liabilities, NetUSD | 247,645,000Source | 228,038,000Source | 68,488,000Source | — |
| Other Liabilities, NoncurrentUSD | 1,770,000Source | 2,272,000Source | 2,741,000Source | 2,045,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 293,779,000Source | 290,792,000Source | 147,943,000Source | 121,737,000Source |
| Long-term DebtUSD | 2,395,393,000Source | 2,369,294,000Source | 1,835,554,000Source | 1,525,413,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 15,363,000Source | 11,969,000Source | 5,660,000Source | 5,656,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -39,746,000Source | 17,367,000Source | 101,317,000Source | 74,904,000Source |
| Increase (Decrease) in Accounts PayableUSD | 14,878,000Source | -4,409,000Source | -15,236,000Source | -338,000Source |
| Deferred Income Tax Expense (Benefit)USD | 23,570,000Source | 159,550,000Source | 76,858,000Source | -571,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,505,288,000Source | 1,408,663,000Source | 1,183,321,000Source | 928,418,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,252,462,000Source | -1,674,754,000Source | -1,862,346,000Source | -1,402,777,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 2,140,000Source | 3,788,000Source | 2,616,000Source | 2,206,000Source |
| Payments for Repurchase of Common StockUSD | 57,012,000Source | 94,497,000Source | 8,004,000Source | 54,502,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -247,460,000Source | 266,829,000Source | 684,692,000Source | 467,367,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 173,404,000Source | 161,969,000Source | 123,945,000Source | 51,602,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 5,366,000Source | 738,000Source | 5,667,000Source | -6,992,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 14,299,000Source | 8,933,000Source | 8,195,000Source | 2,528,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 170,862,000Source | 152,061,000Source | 128,943,000Source | 74,933,000Source |
| Income Taxes Paid, NetUSD | -1,172,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 10,595,000Source | 9,411,000Source | 8,096,000Source | 4,975,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 3,303,000Source | 2,852,000Source | 2,395,000Source | 1,980,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 380,664,000Source | 61,967,000Source | 259,250,000Source | -415,262,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 0Source | 0Source | -185,000Source |
| General and Administrative ExpenseUSD | 61,332,000Source | 50,463,000Source | 46,801,000Source | 47,201,000Source |
| Income Tax Expense (Benefit)USD | 23,944,000Source | 160,509,000Source | 77,773,000Source | 3,101,000Source |
| InterestExpenseNonoperatingUSD | 172,380,000Source | 157,717,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 38,761,000Source | 520,308,000Source | 922,969,000Source | 773,237,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 38,761,000Source | 520,308,000Source | 922,969,000Source | 727,703,000Source |
| Nonoperating Income (Expense)USD | -183,142,000Source | -157,014,000Source | -121,120,000Source | -76,854,000Source |
| Other Nonoperating Income (Expense)USD | 637,000Source | 440,000Source | 4,795,000Source | -185,000Source |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 514,749,000Source | 0Source |
| Results of Operations, Depreciation, Depletion, Amortization and AccretionUSD | 814,859,000Source | 740,901,000Source | 486,024,000Source | 251,272,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 178,777,000Source | -20,995,000Source | 200,314,000Source | 41,180,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,985,798,000Source | — |
| Cost of RevenueUSD | 429,792,000Source | 347,006,000Source | 260,676,000Source | 170,817,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 837,831,000Source | 1,121,862,000Source | 853,192,000Source | 77,959,000Source |
| Other Nonoperating Income (Expense)USD | 440,000Source | 4,795,000Source | -185,000Source | -9,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 680,817,000Source | 1,000,742,000Source | 776,338,000Source | 6,594,000Source |
| Income Tax Expense (Benefit)USD | 160,509,000Source | 77,773,000Source | 3,101,000Source | 233,000Source |
| Net Income (Loss) Attributable to ParentUSD | 520,308,000Source | 922,969,000Source | 773,237,000Source | 6,361,000Source |
| Earnings Per Share, BasicUSD per share | 5.21Source | 10.09Source | 9.26Source | -0.13Source |
| Earnings Per Share, DilutedUSD per share | 5.14Source | 10.03Source | 8.92Source | -0.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 99,852,539Source | 91,483,687Source | 78,557,216Source | 62,989,543Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 101,267,625Source | 92,060,947Source | 86,675,365Source | 62,989,543Source |
| Interest Expense (non-operating)USD | 157,717,000Source | — | — | — |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 1,387,897,000Source | 1,044,397,000Source | 717,343,000Source | 418,940,000Source |
| Current Income Tax Expense (Benefit)USD | 959,000Source | — | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 50,463,000Source | 46,801,000Source | 47,201,000Source | 30,341,000Source |
| Interest ExpenseUSD | — | 135,664,000Source | 80,331,000Source | 59,020,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 520,308,000Source | 922,969,000Source | 727,703,000Source | -8,400,000Source |
| Nonoperating Income (Expense)USD | -157,014,000Source | -121,120,000Source | -76,854,000Source | -71,365,000Source |
| Other ExpensesUSD | 9,650,000Source | 4,448,000Source | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | 0Source | 9,803,000Source | 14,761,000Source |
| Results of Operations, Depreciation, Depletion, Amortization and AccretionUSD | 740,901,000Source | 486,024,000Source | 251,272,000Source | 140,828,000Source |
Filing attachments
d69273dex41.htm · 8-K · 2026-08-26
EX-4.1 2 d69273dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 NORTHERN OIL AND GAS, INC. 7.500% SENIOR NOTES DUE 2034 INDENTURE Dated as of August 26, 2026 WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee TABLE OF CONTENTS ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE Section 1.01 Definitions 1 Section 1.02 Other Definitions 38 Section 1.03 …
Read attachment ↗d402647dex991.htm · 8-K · 2026-08-19
EX-99.1 2 d402647dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NOG ANNOUNCES PRICING OF $500 MILLION PRIVATE OFFERING OF SENIOR NOTES MINNEAPOLIS--(BUSINESS WIRE) - August 19, 2026-- Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that it has priced a private offering (the “Offering”), to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), of $500 million in aggregate principal amount of 7.500% se…
Read attachment ↗d321827dex991.htm · 8-K · 2026-08-19
EX-99.1 2 d321827dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NOG ANNOUNCES PROPOSED $500 MILLION PRIVATE OFFERING OF SENIOR NOTES MINNEAPOLIS - (BUSINESS WIRE) - August 19, 2026 - Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior notes due 2034 (the “Notes”) in a private offering to eligible purchasers under Rule 144A and Regulation S of the Secu…
Read attachment ↗d11850dex991.htm · 8-K · 2026-05-26
EX-99.1 3 d11850dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NOG Announces Strategic Entry into Canada with Light Oil Duvernay Acquisition; Takes 25% Undivided Stake in Assets with Long-Term Joint Development Agreement HIGHLIGHTS NOG makes strategic entry into Canada with inventory-rich light oil acquisition in the Duvernay Shale for a CA$350 million (~US$259 million) initial unadjusted purchase price Operated ‘buy-down’ acquisition of a 25% non-operated stake in light oil producing pr…
Read attachment ↗d109386dex991.htm · 8-K · 2026-02-24
EX-99.1 5 d109386dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NOG Closes Joint Ohio Utica Acquisition, Announces Upsized Credit Facility HIGHLIGHTS NOG closed previously announced joint acquisition of midstream and upstream interests in the Ohio Utica Shale Assets (the “Assets”) with Infinity Natural Resources (“INR”) Revolving Credit Facility’s Borrowing Base increased to ~$2.0 billion, Elected Commitment increased to $1.8 billion, adding $200 million of additional liquidity MINNEA…
Read attachment ↗d761259dex991.htm · 8-K · 2025-12-08
EX-99.1 4 d761259dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 NOG Announces $1.2 Billion Joint Acquisition with Infinity Natural Resources: Acquiring Premier Utica Upstream Assets with Fully Integrated, Scaled Midstream Assets; Considerably Enhances and Expands NOG Natural Gas Profile HIGHLIGHTS NOG to partner with Infinity Natural Resources (“Infinity”) to purchase the Ohio Utica assets (the “Utica Assets”) of Antero Resources Corporation and Antero Midstream Corporation (collectively, “…
Read attachment ↗