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Northern Oil and Gas NOG Natural Gas and NGL Sales — Oil and Gas Sales

Other product segments

Crude Oil, Condensate, and Natural Gas Liquids (NGL)
$559.26M+38.9%

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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$2.35B+0.5%
Enterprise value$5.03B+7.5%
P/S1.2×+0.3×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Oil Sales$559,264$402,672$998,346$862,354
Natural Gas and NGL Sales (1)111,532171,697212,305288,967
Total$670,796$574,369$1,210,651$1,151,321

Item 1. Condensed Consolidated Financial Statements.

FAQ

What is Northern Oil and Gas's natural gas and NGL sales — oil and gas sales?
Northern Oil and Gas (NOG) reported natural gas and NGL sales — oil and gas sales of $111.53M in Q2 2026.
How has Northern Oil and Gas's natural gas and NGL sales — oil and gas sales changed year-over-year?
Northern Oil and Gas's natural gas and NGL sales — oil and gas sales decreased by 35.0% year-over-year, from $171.7M to $111.53M.
What is the long-term trend for Northern Oil and Gas's natural gas and NGL sales — oil and gas sales?
Over 4 years (2021 to 2025), Northern Oil and Gas's natural gas and NGL sales — oil and gas sales has grown at a 22.5% compound annual growth rate (CAGR), from $201.27M to $453.8M.
What does natural gas and NGL sales — oil and gas sales mean?
This metric represents the total revenue generated from the sale of natural gas and natural gas liquids (NGLs) produced by the company's assets. It reflects the company's ability to monetize non-crude hydrocarbon production and serves as a key indicator of the segment's contribution to overall top-line performance. Monitoring this figure helps investors assess the company's exposure to natural gas and NGL market pricing and production volume trends.

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