The financials
Northern Oil and Gas, Inc. by the numbers
Northern Oil and Gas, Inc. (NOG) reported revenue of $5.0M in Q1 2026 (quarter ended March 31, 2026), down 99% from the same quarter a year earlier. That came with a gross margin of −2480% and net loss of $523M. For the full year FY2025, revenue was $2.48B (+11% year on year) and net income $39M. Its largest product in 2026-Q2 was Oil Gas And Natural Gas Production at $671M, 86% of the disclosed total, just ahead of Natural Gasand NGL at 14%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $5.0M | $602M | −99% |
| Gross profit | −$125M | $488M | to a loss |
| Operating income | −$655M | $229M | to a loss |
| Net income | −$523M | $139M | to a loss |
| Diluted EPS | −$5.31 | $1.39 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Oil Gas And Natural Gas Production | $671M | 86% |
| Natural Gasand NGL | $112M | 14% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $782.3M (+22%)
Oil Gas And Natural Gas Production grew +17% year on yearNatural Gas and NGL -35% year on year
Segment Latestquarter on quarteryear on year
- Oil Gas And Natural Gas Production$670.8M$670.8MQoQ +24%year on year +17%+24%+17%
- Natural Gas and NGL$111.5M$111.5MQoQ +11%year on year -35%+11%-35%