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Northern Oil and Gas NOG Q1 2025 earnings

Reported April 29, 2025 · After market close

Revenue$580.3MBeat by $34.6M
EPS$1.33Beat by $0.21
Revenue estimate$545.7M
EPS estimate$1.12

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$586.8M
EPS estimate$0.99

Financials

Q1 2025

Income statement

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Revenue$602.1M+51.9%
Gross profit$488.1M+67.8%
Operating income$229.3M+338%
Net income$139.0M+1,098%
EPS (diluted)$1.39+1,164%

Balance sheet

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Cash & equivalents$33.6M+3.4%
Total debt$2.3B+19.2%
Total equity$2.4B+20.0%
Total assets$5.7B+22.5%

Cash flow

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Operating cash flow$407.4M+3.9%
CapEx$587.0K+1,074%
Free cash flow$406.8M+3.8%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$3B-25.1%
Enterprise value$5.27B-10.8%
P/E4.6×-2.1×
P/S1.2×-0.8×

Profitability

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Gross margin82%+0.9pp
Operating margin41.7%+0.7pp
Net margin26.6%-3.4pp
FCF margin58.5%-7.4pp

Returns & leverage

See full
Return on equity29.4%-9.6pp
Debt / equity1×0.0×
Current ratio0.9×0.0×

Segments

By product

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Crude Oil, Condensate, and Natural Gas Liquids (NGL)$459.7M-1.3%
Natural Gas and NGL Sales$117.3M+76.7%

FAQ

When did Northern Oil and Gas report Q1 2025 earnings?
Northern Oil and Gas (NOG) reported Q1 2025 earnings on April 29, 2025 after market close.
What were Northern Oil and Gas's Q1 2025 revenue and EPS?
Northern Oil and Gas reported revenue of $580.3M and eps of $1.33 for Q1 2025.
Did Northern Oil and Gas beat estimates in Q1 2025?
Revenue beat the consensus estimate of $545.7M by $34.6M. EPS beat the consensus estimate of $1.12 by $0.21.
How did Northern Oil and Gas's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.5% from $534.9M a year earlier and eps grew 3.9% from $1.28.
Where can I find Northern Oil and Gas's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001104485-25-000097) and the 10-Q periodic report (0001104485-25-000100) directly on SEC EDGAR. The filing index links above go to sec.gov.