Northern Oil and Gas Quarterly Income Statement
NYSE: NOGEnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Northern Oil and Gas revenue and earnings
In the quarter ended Jun 30, 2026, Northern Oil and Gas generated $745.2 million in revenue, up 5.4% from the same quarter a year earlier. Net income was $236.6 million (+137.6% year over year), for a net margin of 31.8% versus a median of -11.6% in the prior 5 quarters. Gross margin was 82.9% (up from 82.8%) and operating margin 47.3%.
Diluted earnings per share came in at $2.19, up from $1.00.
Summary generated from market data by MetaCap's automated system. Methodology
Northern Oil and Gas income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 745.24M | 5.03M | 610.18M | 556.64M | 706.81M | 602.10M | 514.98M | 753.64M | 560.77M | 396.35M | 793.52M | 313.97M |
| Revenue growth (YoY) | +5.44% | -99.16% | +18.49% | -26.14% | +26.04% | +51.91% | -35.10% | +140.03% | +17.67% | -31.92% | +114.24% | -60.34% |
| Cost of Revenue | 127.09M | 129.75M | 119.88M | 118.32M | 121.43M | 114.04M | 116.58M | 106.90M | 100.86M | 105.45M | 102.06M | 82.51M |
| Gross Profit | 618.15M | -124.72M | 490.30M | 438.32M | 585.38M | 488.06M | 398.39M | 646.74M | 459.91M | 290.90M | 691.46M | 231.47M |
| Operating Expenses | 265.61M | 530.16M | 524.14M | 564.08M | 409.21M | 258.78M | 265.76M | 212.80M | 240.97M | 238.58M | 207.41M | 189.03M |
| Operating Income | 352.54M | -654.88M | -33.84M | -125.76M | 176.17M | 229.28M | 132.63M | 433.94M | 218.94M | 52.32M | 484.04M | 42.44M |
| Interest Expense | 41.44M | 42.59M | 41.12M | 42.98M | 44.39M | 43.35M | 45.26M | 36.84M | 37.70M | 37.92M | 36.51M | 37.04M |
| Other Income (Expense) | -41.94M | -41.03M | -52.22M | -43.04M | -44.39M | -43.49M | -44.80M | -36.72M | -37.63M | -37.87M | -36.43M | -37.02M |
| Pretax Income | 310.60M | -695.92M | -86.06M | -168.80M | 131.78M | 185.79M | 87.84M | 397.22M | 181.30M | 14.45M | 447.61M | 5.42M |
| Income Tax | 73.97M | -173.07M | -15.33M | -39.73M | 32.19M | 46.80M | 16.14M | 98.78M | 42.75M | 2.85M | 58.76M | -20.69M |
| Net Income | 236.63M | -522.85M | -70.73M | -129.07M | 99.58M | 138.98M | 71.70M | 298.45M | 138.56M | 11.61M | 388.85M | 26.11M |
| Net Income growth (YoY) | +137.61% | -476.20% | -198.65% | -143.25% | -28.13% | +1097.50% | -81.56% | +1042.99% | -17.44% | -96.59% | +168.05% | -95.52% |
| EPS (Basic) | 2.24 | -5.31 | -0.70 | -1.33 | 1.02 | 1.41 | 0.71 | 3.00 | 1.38 | 0.12 | 3.91 | 0.28 |
| EPS (Diluted) | 2.19 | -5.31 | -0.67 | -1.33 | 1.00 | 1.39 | 0.71 | 2.96 | 1.36 | 0.11 | 3.89 | 0.28 |
| Shares Outstanding (Basic) | 105.87M | 98.50M | — | 97.12M | 98.06M | 98.56M | — | 99.49M | 100.27M | 100.44M | — | 92.77M |
| Shares Outstanding (Diluted) | 108.09M | 98.50M | — | 97.12M | 99.39M | 99.99M | — | 100.72M | 101.99M | 101.64M | — | 93.74M |
| Gross Margin | 82.95% | -2479.98% | 80.35% | 78.74% | 82.82% | 81.06% | 77.36% | 85.82% | 82.01% | 73.40% | 87.14% | 73.72% |
| Operating Margin | 47.31% | -13022.13% | -5.55% | -22.59% | 24.92% | 38.08% | 25.76% | 57.58% | 39.04% | 13.20% | 61.00% | 13.52% |
| Net Margin | 31.75% | -10396.64% | -11.59% | -23.19% | 14.09% | 23.08% | 13.92% | 39.60% | 24.71% | 2.93% | 49.00% | 8.32% |
This table shows 12 quarterly periods of Northern Oil and Gas's income statement, from Q2 2026 back to Q3 2023, 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?