profit from every $100 of sales.
$0$100
Northern Oil and Gas
$24.32+3.89% today
+7.3% in 1 year
1-year low $17.371-year high $30.82
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $66.44 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Northern Oil and Gas sold, what it kept, and what it did with the cash.
Sales went from $1.99 billion in 2022 to $2.10 billion in 2025, with $38.8 million of profit last year.
SalesProfit
Northern Oil and Gas handed back 69% of the cash it generated last year.
$173M
Free cash flow 2025$253M
Bought back its own shares–
Paid as dividends$173M
Cash vs. debt$14M vs. $2.4B
Northern Oil and Gas vs. similar companies
Northern Oil and Gas grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Northern Oil and Gas | 66.4× · Very expensive | ||
 EQT | 16.2× · Fair price | ||
 Coterra Energy | 14.4× · Cheap | ||
 Expand Energy | 11.3× · Cheap | ||
 Permian Resources | 20.0× · Fair price |
AI analysis
An AI analyst reads Northern Oil and Gas's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,986 | 1,907 | 2,164 | 2,095 | |
| 1,316 | 914 | 836 | 675 | |
| 1,268 | 863 | 776 | 601 | |
| 1,108 | 1,622 | 1,579 | 1,050 | |
| 773 | 923 | 520 | 39 | |
| 8.92 | 10.03 | 5.14 | 0.39 | |
| 66.3% | 47.9% | 38.6% | 32.2% | |
| 63.9% | 45.2% | 35.9% | 28.7% | |
| 38.9% | 48.4% | 24.0% | 1.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,875 | 4,484 | 5,604 | 5,409 |
| Cash | 3 | 8 | 9 | 14 |
| Total debt | 1,525 | 1,836 | 2,369 | 2,395 |
| Total liabilities | 2,130 | 2,437 | 3,283 | 3,283 |
| 745 | 2,048 | 2,320 | 2,126 | |
| 87 | 92 | 101 | 99 | |
| 29.8% | 23.1% | 14.1% | 4.1% | |
| 103.8% | 45.1% | 22.4% | 1.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 928 | 1,183 | 1,409 | 1,505 | |
| 1,360 | 1,862 | 1,675 | 1,252 | |
| -431 | -679 | -266 | 253 | |
| Dividends paid | 73 | 124 | 162 | 173 |
| – | – | – | – | |
| 6 | 6 | 12 | 15 |
Valuation
- 66.4×
- 6.9×
- –
- 1.3×
- 1.2×
- 10.2×
- 4.7×
- 9.8%
- 1.5%
- 7.6%
Profitability
- 32.2%
- 28.7%
- 1.9%
- 47.0%
- 8.8%
- 14.1%
- -29.1%
- -11.3%
- 11.6%
- –
Growth
- +1.8%
- −64.8%
- +189.3%
- –
- +11.6%
Financial health
- 2.6×
- 1.43
- 46.3%
- 3.1×
- 0.53
- 0.53
- 0.37
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 42%of 467
Top 22%of 466
Bottom 8%of 386
Top 47%of 460
Top 24%of 459
What analysts expect
- Average price target
- $29.00
- Range
- $28.00 – $30.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 28, 2026 | 0.74 | 0.71 | +4.2% |
| Feb 25, 2026 | 0.83 | 0.77 | +7.5% |
| Nov 6, 2025 | 1.03 | 0.82 | +25.6% |
| Jul 31, 2025 | 1.37 | 0.87 | +57.5% |
| Apr 29, 2025 | 1.33 | 1.12 | +18.7% |
| Feb 19, 2025 | 1.11 | 1.27 | −12.6% |
| Nov 5, 2024 | 1.40 | 1.16 | +20.7% |
| Jul 30, 2024 | 1.46 | 1.22 | +19.7% |
7.6%of the share price, paid each year
On $1,000 invested$76a year at today's yield, before tax
–per share
Raised4 yearsin a row, in our data
Paid per share, each year
$0.16 in 2021 → $1.80 in 2025
How safe it looks
447.4% of its profit
Room to growStretchedMore than it earns: 68.6%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
34No pass
Benjamin Graham
41No pass
Philip Fisher
19No pass
Peter Lynch
14No pass
Joel Greenblatt
20No pass
Charlie Munger
24No pass
Terry Smith
28No pass
Questions about Northern Oil and Gas
Is Northern Oil and Gas a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Northern Oil and Gas AI analysis
What does Northern Oil and Gas do?
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It is in Oil & Gas Exploration & Production, based in Minnetonka, MN, United States, with 64 employees.
Does Northern Oil and Gas pay a dividend?
Yes. At today's price the dividend is 7.6% a year. In 2025 it paid out $173 million in dividends.
Is Northern Oil and Gas stock halal?
No. Northern Oil and Gas does not pass our halal screen: its debt is 93% of its market value, at or above the 33% limit. How we check
How has Northern Oil and Gas stock done over the past year?
Up 7.3% over the past twelve months, to $24.32. It traded between $17.37 and $30.82 and is 21.1% below its high.
Who are Northern Oil and Gas's competitors?
The largest listed companies in the same industry are EQT, Coterra Energy, Expand Energy and Permian Resources. The peers table on this page compares their profit, growth and price with Northern Oil and Gas's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.