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Northern Oil and Gas NOG Additional Locations — Proved Developed Reserves

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Other financials

Income statement

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Revenue$5.0M-99.2%
Gross profit-$124.7M-126%
Operating income-$654.9M-386%
Net income-$522.8M-476%
EPS (diluted)-$5.31-482%

Balance sheet

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Cash & equivalents$37.0M+10.3%
Total debt$2.6B+10.4%
Total equity$1.8B-25.7%
Total assets$5.5B-2.8%

Cash flow

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Operating cash flow$323.6M-20.6%
CapEx$55.0K-90.6%
Free cash flow$323.6M-20.5%

Valuation

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Market cap$2.27B-18.4%
Enterprise value$4.78B-6.6%
P/S1.2×+0.1×

Profitability

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Gross margin74%-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×+0.5×
Current ratio0.5×-0.4×

Where this comes from

Reported directly by Northern Oil and Gas in its filing.

Tagged under the XBRL concept srt:ProvedDevelopedReservesBOE1.

The official record: Northern Oil and Gas’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northern Oil and Gas's additional locations — proved developed reserves?
Northern Oil and Gas (NOG) reported additional locations — proved developed reserves of $27.4M in Q4 2025.
How has Northern Oil and Gas's additional locations — proved developed reserves changed year-over-year?
Northern Oil and Gas's additional locations — proved developed reserves increased by 20.7% year-over-year, from $22.7M to $27.4M.
What does additional locations — proved developed reserves mean?
Represents the estimated quantities of crude oil and natural gas in the 'Additional Locations' geographic segment that are expected to be recovered from existing wells with existing equipment and operating methods. These reserves indicate the volume of hydrocarbons currently accessible and ready for production within this specific operational area. Investors use this metric to assess the immediate production potential and asset maturity of the company's non-core or emerging geographic properties.