Northern Oil and Gas Financial Statements
NYSE: NOGEnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Northern Oil and Gas revenue and earnings
In fiscal 2025, Northern Oil and Gas generated $2.48 billion in revenue, up 11.2% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $38.8 million (-92.6% year over year), for a net margin of 1.6% versus a median of 23.4% in the prior 5 years. Gross margin was 80.9% (up from 80.7%) and operating margin 9.9%.
Diluted earnings per share came in at $0.39, down from $5.14. Over the last 5 fiscal years, NOG's revenue has grown at a 35.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Northern Oil and Gas income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.48B | 2.23B | 2.17B | 1.57B | 496.90M | 552.21M | 472.40M | 678.92M | 209.32M | 144.90M |
| Revenue growth (YoY) | +11.23% | +2.75% | +37.93% | +216.07% | -10.02% | +16.89% | -30.42% | +224.35% | +44.45% | -47.32% |
| Cost of Revenue | 473.67M | 429.79M | 347.01M | 260.68M | 170.82M | 116.34M | 118.90M | 66.65M | 49.73M | 45.68M |
| Gross Profit | 2.00B | 1.80B | 1.82B | 1.31B | 326.08M | 435.87M | 353.50M | 612.28M | 159.59M | 99.22M |
| Operating Expenses | 1.76B | 958.11M | 697.39M | 456.67M | 248.12M | 1.28B | 297.99M | 246.30M | 148.83M | 374.21M |
| Operating Income | 245.85M | 837.83M | 1.12B | 853.19M | 77.96M | -841.24M | 55.51M | 432.63M | 60.49M | -229.30M |
| Interest Expense | 172.38M | 157.72M | 135.66M | 80.33M | 59.02M | 58.50M | 79.23M | 86.00M | 70.29M | 64.49M |
| Other Income (Expense) | -183.14M | -157.01M | -121.12M | -76.85M | -71.36M | -64.96M | -131.83M | -288.99M | -71.26M | -65.59M |
| Pretax Income | 62.70M | 680.82M | 1.00B | 776.34M | 6.59M | -906.21M | -76.32M | 143.63M | -10.76M | -294.90M |
| Income Tax | 23.94M | 160.51M | 77.77M | 3.10M | 233.00K | -166.00K | 0 | -55.00K | -1.57M | -1.40M |
| Net Income | 38.76M | 520.31M | 922.97M | 773.24M | 6.36M | -906.04M | -76.32M | 143.69M | -9.19M | -293.49M |
| Net Income growth (YoY) | -92.55% | -43.63% | +19.36% | +12055.90% | — | — | -153.11% | — | — | — |
| EPS (Basic) | 0.40 | 5.21 | 10.09 | 9.26 | -0.13 | -21.55 | -2.00 | 6.08 | -0.15 | -4.80 |
| EPS (Diluted) | 0.39 | 5.14 | 10.03 | 8.92 | -0.13 | -21.55 | -2.00 | 6.07 | -0.15 | -4.80 |
| Shares Outstanding (Basic) | 97.71M | 99.85M | 91.48M | 78.56M | 62.99M | 42.74M | 38.71M | 23.62M | 62.41M | 61.17M |
| Shares Outstanding (Diluted) | 99.31M | 101.27M | 92.06M | 86.68M | 62.99M | 42.74M | 38.71M | 23.68M | 62.41M | 61.17M |
| EBITDA | — | — | — | — | — | — | — | 432.73M | 60.70M | -229.10M |
| Gross Margin | 80.87% | 80.69% | 83.98% | 83.40% | 65.62% | 78.93% | 74.83% | 90.18% | 76.24% | 68.48% |
| Operating Margin | 9.93% | 37.64% | 51.79% | 54.32% | 15.69% | -152.34% | 11.75% | 63.72% | 28.90% | -158.25% |
| Net Margin | 1.57% | 23.38% | 42.61% | 49.23% | 128.00% | -164.08% | -16.16% | 21.16% | -4.39% | -202.54% |
This table shows 10 annual periods of Northern Oil and Gas's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NOG's reporting calendar. What is a income statement?