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Northern Oil and Gas NOG Capitalized costs, proved properties, net

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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$2.12B+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 nog:CapitalizedCostsProvedPropertiesNet.

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

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Questions, answered.

What is Northern Oil and Gas's capitalized costs, proved properties, net?
Northern Oil and Gas (NOG) reported capitalized costs, proved properties, net of $4.7B in Q4 2025.
How has Northern Oil and Gas's capitalized costs, proved properties, net changed year-over-year?
Northern Oil and Gas's capitalized costs, proved properties, net decreased by 7.8% year-over-year, from $5.1B to $4.7B.
What is the long-term trend for Northern Oil and Gas's capitalized costs, proved properties, net?
Over 4 years (2021 to 2025), Northern Oil and Gas's capitalized costs, proved properties, net has grown at a 39.9% compound annual growth rate (CAGR), from $1.23B to $4.7B.
What does capitalized costs, proved properties, net mean?
The net book value of properties that have been verified to contain proved oil and gas reserves. This metric isolates the value of the most commercially viable assets within the company's portfolio. It is a critical measure for evaluating the quality and potential future cash flow generation of the asset base.