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Discontinued — last reported Q1 '26

CapEx at other companies

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$0-100%

Other financials

Income statement

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Revenue$745.2M+5.4%
Gross profit$618.1M+5.6%
Operating income$352.5M+100%
Net income$236.6M+138%
EPS (diluted)$2.19+119%

Balance sheet

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Cash & equivalents$47.6M+84.1%
Total debt$2.7B+15.2%
Total equity$2.0B-17.3%
Total assets$5.8B+2.2%

Cash flow

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Operating cash flow$321.6M-11.2%
Free cash flow$323.6M-20.5%

Valuation

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Market cap$2.21B-9.7%
Enterprise value$4.88B+2.1%
P/S1.2×+0.2×

Profitability

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Gross margin74.2%-8.0pp
Operating margin17.3%-30.2pp
Net margin7.6%-25.8pp
FCF margin75.7%+17.1pp

Returns & leverage

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Return on equity8%-37.1pp
Debt / equity1.4×+0.4×
Current ratio0.8×-0.4×

Where this comes from

Reported directly by Northern Oil and Gas in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireOtherPropertyPlantAndEquipment.

The source filing: Northern Oil and Gas’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 4:24 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104485-26-000020
(In thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Net Cash Provided by Operating Activities323,615407,426
Cash Flows from Investing Activities
Acquisitions of and Capital Expenditures on Oil and Natural Gas Properties(634,623)(263,971)
Purchases of Other Property and Equipment(55)(587)
Net Cash Used for Investing Activities(634,678)(264,558)
Cash Flows from Financing Activities
Advances on Revolving Credit Facility480,00055,000
Repayments on Revolving Credit Facility(305,000)(115,000)

Item 1. Condensed Financial Statements.

FAQ

What is Northern Oil and Gas's capex?
Northern Oil and Gas (NOG) reported capex of $55K in Q1 2026.
How has Northern Oil and Gas's capex changed year-over-year?
Northern Oil and Gas's capex decreased by 90.6% year-over-year, from $587K to $55K.
What is the long-term trend for Northern Oil and Gas's capex?
Over 3 years (2021 to 2024), Northern Oil and Gas's capex has grown at a -38.7% compound annual growth rate (CAGR), from $556K to $128K.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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