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Northern Oil and Gas NOG Q4 2024 Annual earnings

Reported February 19, 2025 · After market close

Revenue$549.2MMiss by $3.1M
EPS$1.11Miss by $0.16
Revenue estimate$552.3M
EPS estimate$1.27

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$594.1M
EPS estimate$1.12

Financials

Q4 2024

Income statement

See full
Revenue$515.0M-35.1%
Gross profit$398.4M-42.4%
Operating income$132.6M-72.6%
Net income$71.7M-81.6%
EPS (diluted)$0.72-82.3%

Balance sheet

See full
Cash & equivalents$8.9M+9.0%
Total debt$2.4B+29.1%
Total equity$2.3B+13.3%
Total assets$5.6B+25.0%

Cash flow

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Operating cash flow$290.3M-15.2%
CapEx$15.0K-97.7%
Free cash flow$290.3M-15.1%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$3.71B-0.4%
Enterprise value$6.07B+9.3%
P/E7.1×+3.1×
P/S1.7×-0.1×

Profitability

See full
Gross margin80.7%-3.3pp
Operating margin37.6%-14.1pp
Net margin23.4%-19.2pp
FCF margin63.3%+8.7pp

Returns & leverage

See full
Return on equity23.8%-42.3pp
Debt / equity+0.1×
Current ratio0.9×-0.4×

Segments

By product

See full
Crude Oil, Condensate, and Natural Gas Liquids (NGL)$474.9M+0.6%
Natural Gas and NGL Sales$70.5M-1.1%

Versus estimates

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Questions, answered.

When did Northern Oil and Gas report Q4 2024 earnings?
Northern Oil and Gas (NOG) reported Q4 2024 earnings on February 19, 2025 after market close.
What were Northern Oil and Gas's Q4 2024 revenue and EPS?
Northern Oil and Gas reported revenue of $549.2M and eps of $1.11 for Q4 2024.
Did Northern Oil and Gas beat estimates in Q4 2024?
Revenue missed the consensus estimate of $552.3M by $3.1M. EPS missed the consensus estimate of $1.27 by $0.16.
Where can I find Northern Oil and Gas's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001104485-25-000039) directly on SEC EDGAR. The filing index links above go to sec.gov.