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Northern Oil and Gas NOG Production and ad valorem taxes

Production and ad valorem taxes at other companies

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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$2.11B+1.9%
Enterprise value$4.63B+5.6%
P/S1.1×+0.3×

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 us-gaap:ProductionTaxExpense.

The official record: Northern Oil and Gas’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northern Oil and Gas's production and ad valorem taxes?
Northern Oil and Gas (NOG) reported production and ad valorem taxes of $38.34M in Q1 2026.
How has Northern Oil and Gas's production and ad valorem taxes changed year-over-year?
Northern Oil and Gas's production and ad valorem taxes increased by 6.3% year-over-year, from $36.07M to $38.34M.
What is the long-term trend for Northern Oil and Gas's production and ad valorem taxes?
Over 4 years (2021 to 2025), Northern Oil and Gas's production and ad valorem taxes has grown at a 14.3% compound annual growth rate (CAGR), from $76.95M to $131.33M.
What does production and ad valorem taxes mean?
Includes taxes levied by state and local governments based on the volume or value of oil and gas produced. These taxes are a mandatory cost of doing business in specific geographic basins and directly impact the net realized price per barrel. Monitoring this expense helps assess the tax burden associated with the company's specific asset footprint.