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Northern Oil and Gas NOG Oil and Gas Sales — Oil and Gas Sales

Other product segments

Crude Oil, Condensate, and Natural Gas Liquids (NGL)
$559.26M+38.9%
Natural Gas and NGL Sales
$111.53M-35.0%

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PROil and Gas, Purchased — Oil and gas sales
$24.66M
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PRNatural gas sales — Oil and gas sales
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PRNGL sales — Oil and gas sales
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DVNOil Gas And NGL Sales — Revenue
$5.11B+88.4%

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, except share and per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues
Oil and Gas Sales$670,796$574,369$1,210,651$1,151,321
Gain (Loss) on Commodity Derivatives, Net70,182128,819(468,874)150,581
Other Revenues4,2573,6218,4877,006
Total Revenues745,235706,809750,2641,308,908
Operating Expenses
Production Expenses127,089121,430256,836235,470
Production Taxes45,69935,61684,04271,685

Item 1. Condensed Consolidated Financial Statements.

FAQ

What is Northern Oil and Gas's oil and gas sales — oil and gas sales?
Northern Oil and Gas (NOG) reported oil and gas sales — oil and gas sales of $670.8M in Q2 2026.
How has Northern Oil and Gas's oil and gas sales — oil and gas sales changed year-over-year?
Northern Oil and Gas's oil and gas sales — oil and gas sales increased by 16.8% year-over-year, from $574.37M to $670.8M.
What is the long-term trend for Northern Oil and Gas's oil and gas sales — oil and gas sales?
Over 4 years (2021 to 2025), Northern Oil and Gas's oil and gas sales — oil and gas sales has grown at a 20.9% compound annual growth rate (CAGR), from $975.09M to $2.08B.
What does oil and gas sales — oil and gas sales mean?
This metric represents the total gross revenue generated from the sale of crude oil, natural gas, and natural gas liquids produced by the company's assets. It serves as a primary indicator of the company's production volume and realized pricing effectiveness across its geographic basins. This figure reflects the core operational output before the deduction of operating expenses or production taxes.

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