What is Northern Oil and Gas's development?

Northern Oil and Gas (NOG) reported development of $0 in Q4 2025.

What does development mean?

This represents the cumulative costs incurred for the development of oil and gas properties that have been capitalized on the balance sheet. It reflects the investment in infrastructure and drilling necessary to bring proved reserves to production. This metric is essential for assessing the capital intensity and asset base growth of the company.

Northern Oil and Gas NOG Development

Development at other companies

Devon EnergyDVN

$764.25M+7.0%

APA CorporationAPA

$72M+513%

APA CorporationAPA

$9.53B+2.8%

Murphy OilMUR

$174.05M+16.3%

Devon EnergyDVN

$1B-53.2%

MTD

Matador ResourcesMTDR

$377.38M-0.3%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$323.6M-20.6%

CapEx$55.0K-90.6%

Free cash flow$323.6M-20.5%

Valuation

See full

Market cap$2.12B+1.9%

Enterprise value$4.63B+5.6%

P/S1.1×+0.3×

Profitability

See full

Gross margin74%-8.0pp

Operating margin17.3%-30.2pp

Net margin7.6%-25.8pp

FCF margin75.7%+17.1pp

Returns & leverage

See full

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 nog:CapitalizedCostsOilAndGasProducingActivitiesDevelopmentCosts.

The official record: Northern Oil and Gas’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

Ask your AI about Northern Oil and Gas's development.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Northern Oil and Gas's development?: Northern Oil and Gas (NOG) reported development of $0 in Q4 2025.
What does development mean?: This represents the cumulative costs incurred for the development of oil and gas properties that have been capitalized on the balance sheet. It reflects the investment in infrastructure and drilling necessary to bring proved reserves to production. This metric is essential for assessing the capital intensity and asset base growth of the company.