What does impairment of oil and gas properties mean?

This reflects a non-cash charge taken when the carrying value of oil and gas properties exceeds their estimated fair value or recoverable amount. It often signals downward revisions in reserve estimates or unfavorable changes in long-term commodity price outlooks. High levels of impairment indicate potential overvaluation of assets or declining asset quality.

Northern Oil and Gas NOG Impairment Of Oil And Gas Properties

Impairment Of Oil And Gas Properties at other companies

EOG ResourcesEOG

$39M-11.4%

FAN

Diamondback EnergyFANG

$1.4B—

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 us-gaap:ImpairmentOfOilAndGasProperties.

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 impairment of oil and gas properties?: Northern Oil and Gas (NOG) reported impairment of oil and gas properties of $268.28M in Q1 2026.
What does impairment of oil and gas properties mean?: This reflects a non-cash charge taken when the carrying value of oil and gas properties exceeds their estimated fair value or recoverable amount. It often signals downward revisions in reserve estimates or unfavorable changes in long-term commodity price outlooks. High levels of impairment indicate potential overvaluation of assets or declining asset quality.