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Northern Oil and Gas NOG Derivative assets

Derivative assets at other companies

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$0-100%
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$121.5M
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$59.68M-33.7%
Ring Energy logo
Ring EnergyREI
$16.49M+11.3%
SM Energy logo
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$47M-9.9%
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SandRidge EnergySD
$491K-72.1%

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%
CapEx$55.0K-90.6%
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:DerivativeAssetFairValueGrossLiability.

The source filing: Northern Oil and Gas’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104485-26-000032
(In thousands)Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offseton the Balance SheetNet Amounts of Assets (Liabilities) Presented on the Balance Sheet
Offsetting of Derivative Assets:
Current Assets$112,306$(81,392)$30,914
Non-Current Assets46,217$(36,491)9,726
Total Derivative Assets$158,523$(117,883)$40,640
Offsetting of Derivative Liabilities:
Current Liabilities$(106,433)$81,392$(25,041)
Non-Current Liabilities(292,359)36,491(255,868)
Total Derivative Liabilities$(398,792)$117,883$(280,909)

Item 1. Condensed Consolidated Financial Statements.

FAQ

What is Northern Oil and Gas's derivative assets?
Northern Oil and Gas (NOG) reported derivative assets of $81.39M in Q2 2026.
How has Northern Oil and Gas's derivative assets changed year-over-year?
Northern Oil and Gas's derivative assets decreased by 40.7% year-over-year, from $137.17M to $81.39M.
What is the long-term trend for Northern Oil and Gas's derivative assets?
Over 5 years (2020 to 2025), Northern Oil and Gas's derivative assets has grown at a 0.7% compound annual growth rate (CAGR), from $56.22M to $58.1M.
What does derivative assets mean?
Fair value of derivative contracts (swaps, options, forwards, futures) in a net gain position — represents amounts owed to the firm by counterparties.

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