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Northern Oil and Gas NOG Operating Income

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Other financials

Income statement

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Revenue$745.2M+5.4%
Gross profit$618.1M+5.6%
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:OperatingIncomeLoss.

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
Impairment of Oil and Gas Assets115,576268,276115,576
Other Expenses2,4963,5615,7716,098
Total Operating Expenses392,698530,6431,052,611903,461
Income (Loss) From Operations352,537176,166(302,347)405,447
Other Income (Expense)
Interest Expense, Net(41,442)(44,389)(84,027)(87,739)
Gain (Loss) on Unsettled Interest Rate Derivatives, Net1,47413,040(143)
Loss on Foreign Currency Transactions(4,655)(4,655)

Item 1. Condensed Consolidated Financial Statements.

FAQ

What is Northern Oil and Gas's operating income?
Northern Oil and Gas (NOG) reported operating income of $352.54M in Q2 2026.
How has Northern Oil and Gas's operating income changed year-over-year?
Northern Oil and Gas's operating income increased by 100.1% year-over-year, from $176.17M to $352.54M.
What is the long-term trend for Northern Oil and Gas's operating income?
Over 3 years (2021 to 2024), Northern Oil and Gas's operating income has grown at a 120.7% compound annual growth rate (CAGR), from $77.96M to $837.83M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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