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Northern Oil and Gas NOG Depletion, depreciation, and amortization

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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$2.21B-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:ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion.

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
Production Taxes45,69935,61684,04271,685
General and Administrative Expenses24,52915,62847,70330,109
Legal Settlement Expense33,09133,091
Depletion, Depreciation, Amortization and Accretion192,885205,741389,983411,432
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

Item 1. Condensed Consolidated Financial Statements.

FAQ

What is Northern Oil and Gas's depletion, depreciation, and amortization?
Northern Oil and Gas (NOG) reported depletion, depreciation, and amortization of $192.89M in Q2 2026.
How has Northern Oil and Gas's depletion, depreciation, and amortization changed year-over-year?
Northern Oil and Gas's depletion, depreciation, and amortization decreased by 6.2% year-over-year, from $205.74M to $192.89M.
What is the long-term trend for Northern Oil and Gas's depletion, depreciation, and amortization?
Over 4 years (2021 to 2025), Northern Oil and Gas's depletion, depreciation, and amortization has grown at a 55.1% compound annual growth rate (CAGR), from $140.83M to $814.86M.
What does depletion, depreciation, and amortization mean?
This represents the non-cash expense recognized to allocate the cost of tangible and intangible oil and gas assets over their estimated productive lives. It reflects the consumption of natural resource reserves and the wear and tear of capital equipment used in extraction activities. Investors use this to understand the capital intensity of the company's production operations.

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