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Northern Oil and Gas NOG Shares (Diluted)

Shares (Diluted) at other companies

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EOG ResourcesEOG
529M-3.1%
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940M+47.8%
FAN
Diamondback EnergyFANG
281.2M-3.7%
Vitesse Energy logo
Vitesse EnergyVTS
40.1M+14.2%
Diversified Energy logo
Diversified EnergyDEC
74.7M-7.9%
Murphy Oil logo
Murphy OilMUR
146.1M+2.0%

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$2.35B+0.5%
Enterprise value$5.03B+7.5%
P/S1.2×+0.3×

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:WeightedAverageNumberOfDilutedSharesOutstanding.

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
Income (Loss) Before Income Taxes310,596131,778(385,321)317,565
Income Tax Expense (Benefit)73,96832,193(99,102)78,998
Net Income (Loss)$236,628$99,585$(286,219)$238,567
Net Income (Loss) Attributable to Common Stockholders$236,628$99,585$(286,219)$238,567
Net Income (Loss) Per Common Share – Basic$2.24$1.02$(2.80)$2.43
Net Income (Loss) Per Common Share – Diluted$2.19$1.00$(2.80)$2.39
Weighted Average Common Shares Outstanding – Basic105,871,26998,060,407102,207,35598,308,686
Weighted Average Common Shares Outstanding – Diluted108,091,36699,394,539102,207,35599,692,134

Item 1. Condensed Consolidated Financial Statements.

FAQ

What is Northern Oil and Gas's shares (diluted)?
Northern Oil and Gas (NOG) reported shares (diluted) of 108.1M in Q2 2026.
How has Northern Oil and Gas's shares (diluted) changed year-over-year?
Northern Oil and Gas's shares (diluted) increased by 8.7% year-over-year, from 99.4M to 108.1M.
What is the long-term trend for Northern Oil and Gas's shares (diluted)?
Over 4 years (2021 to 2025), Northern Oil and Gas's shares (diluted) has grown at a 12.8% compound annual growth rate (CAGR), from 244.9M to 395.8M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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