Skip to content
Screener

Northern Oil and Gas NOG Q4 2025 Annual earnings

Reported February 25, 2026 · After market close

Revenue$610.2MBeat by $89.7M
EPS$0.83Beat by $0.06
Revenue estimate$520.5M
EPS estimate$0.77

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$610.2M+18.5%
Gross profit$490.3M+23.1%

Balance sheet

See full
Cash & equivalents$14.3M+60.1%
Total debt$2.4B+1.1%
Total equity$2.1B-8.4%
Total assets$5.4B-3.5%

Cash flow

See full
Operating cash flow$312.6M+7.7%
CapEx$40.0K+167%
Free cash flow$312.6M+7.7%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$2.1B-43.5%
Enterprise value$4.48B-26.2%
P/S0.8×-0.8×

Profitability

See full
Gross margin80.9%+0.2pp
FCF margin60.8%-2.5pp

Returns & leverage

See full
Debt / equity1.1×+0.1×
Current ratio1.1×+0.2×

Segments

By product

See full
Crude Oil, Condensate, and Natural Gas Liquids (NGL)$364.6M-23.2%
Natural Gas and NGL Sales$83.1M+17.9%

FAQ

When did Northern Oil and Gas report Q4 2025 earnings?
Northern Oil and Gas (NOG) reported Q4 2025 earnings on February 25, 2026 after market close.
What were Northern Oil and Gas's Q4 2025 revenue and EPS?
Northern Oil and Gas reported revenue of $610.2M and eps of $0.83 for Q4 2025.
Did Northern Oil and Gas beat estimates in Q4 2025?
Revenue beat the consensus estimate of $520.5M by $89.7M. EPS beat the consensus estimate of $0.77 by $0.06.
How did Northern Oil and Gas's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.1% from $549.2M a year earlier and eps declined 25.2% from $1.11.
Where can I find Northern Oil and Gas's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-064523) and the 10-K periodic report (0001104485-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.