📊 NOG Key Takeaways
Is Northern Oil & Gas, Inc.. (NOG) a Good Investment?
Northern Oil & Gas demonstrates strong cash generation with $1.5B operating cash flow and impressive 60.8% FCF margin, supported by 11.2% revenue growth. However, profitability metrics are weak with only 1.6% net margin and 1.8% ROE, while the capital structure shows elevated leverage at 1.13x debt-to-equity with $2.4B long-term debt against modest $14.3M cash, raising refinancing risks in commodity downturns.
Strong cash generation and double-digit revenue growth are positives, with interest coverage indicating manageable leverage. However, extremely low net profitability, weak ROE, and a 92% YoY EPS decline suggest dilution or earnings-quality issues; until FCF is consistently directed to deleveraging and per-share growth, risk-reward looks balanced.
Why Buy Northern Oil & Gas, Inc.. Stock? NOG Key Strengths
- Exceptional free cash flow generation of $1.5B with 60.8% FCF margin indicating high-quality earnings conversion
- Revenue growth of 11.2% YoY demonstrating market demand recovery in energy sector
- Adequate interest coverage ratio of 6.5x suggesting manageable debt service obligations
- Robust operating cash flow and ~61% FCF margin
- 11% YoY revenue growth with positive operating income
- Interest coverage of 6.5x supports debt service
NOG Stock Risks: Northern Oil & Gas, Inc.. Investment Risks
- Severe profitability compression with net margin of only 1.6% and ROE of 1.8% indicating poor capital efficiency
- High financial leverage with debt-to-equity of 1.13x and $2.4B long-term debt against minimal $14.3M cash reserves creates refinancing vulnerability
- Volatile earnings with diluted EPS declining 92.4% YoY despite flat net income, suggesting operational instability and commodity price exposure
- Thin net margin (1.6%) and weak ROE/ROA
- EPS down 92% YoY suggests dilution or one-offs
- Moderate-high leverage (1.13x D/E) and low cash
Key Metrics to Watch
- Net profit margin expansion trajectory and operational leverage improvements
- Cash balance trend and debt reduction trajectory relative to commodity price movements
- Operating cash flow sustainability and capital expenditure requirements as production scales
- FCF deployment toward debt reduction (Debt/Equity, Interest Coverage)
- Per-share profitability (diluted share count, EPS/FCF per share)
Northern Oil & Gas, Inc.. (NOG) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 60.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.
NOG Profit Margin, ROE & Profitability Analysis
NOG vs Energy Sector: How Northern Oil & Gas, Inc.. Compares
How Northern Oil & Gas, Inc.. compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Northern Oil & Gas, Inc.. Stock Overvalued? NOG Valuation Analysis 2026
Based on fundamental analysis, Northern Oil & Gas, Inc.. shows some fundamental concerns relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Northern Oil & Gas, Inc.. Balance Sheet: NOG Debt, Cash & Liquidity
NOG Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Northern Oil & Gas, Inc..'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $10.03 reflects profitable operations.
NOG Revenue Growth, EPS Growth & YoY Performance
NOG Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $556.6M | $11.6M | $1.10 |
| Q2 2025 | $560.8M | $11.6M | $1.00 |
| Q1 2025 | $396.3M | $11.6M | $0.11 |
| Q3 2024 | $314.0M | $11.6M | $0.28 |
| Q2 2024 | $476.6M | $11.6M | $1.36 |
| Q1 2024 | $396.3M | $11.6M | $0.11 |
| Q3 2023 | $314.0M | $26.1M | $0.28 |
| Q2 2023 | $408.5M | $44.7M | $0.17 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Northern Oil & Gas, Inc.. Dividends, Buybacks & Capital Allocation
NOG SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Northern Oil & Gas, Inc.. (CIK: 0001104485)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NOG
What is the AI rating for NOG?
Northern Oil & Gas, Inc.. (NOG) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 64% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NOG's key strengths?
Claude: Exceptional free cash flow generation of $1.5B with 60.8% FCF margin indicating high-quality earnings conversion. Revenue growth of 11.2% YoY demonstrating market demand recovery in energy sector. ChatGPT: Robust operating cash flow and ~61% FCF margin. 11% YoY revenue growth with positive operating income.
What are the risks of investing in NOG?
Claude: Severe profitability compression with net margin of only 1.6% and ROE of 1.8% indicating poor capital efficiency. High financial leverage with debt-to-equity of 1.13x and $2.4B long-term debt against minimal $14.3M cash reserves creates refinancing vulnerability. ChatGPT: Thin net margin (1.6%) and weak ROE/ROA. EPS down 92% YoY suggests dilution or one-offs.
What is NOG's revenue and growth?
Northern Oil & Gas, Inc.. reported revenue of $2.5B.
Does NOG pay dividends?
Northern Oil & Gas, Inc.. pays dividends, with $173.4M distributed to shareholders in the trailing twelve months.
Where can I find NOG SEC filings?
Official SEC filings for Northern Oil & Gas, Inc.. (CIK: 0001104485) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NOG's EPS?
Northern Oil & Gas, Inc.. has a diluted EPS of $0.39.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is NOG a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Northern Oil & Gas, Inc.. has a HOLD rating with 64% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is NOG stock overvalued or undervalued?
Valuation metrics for NOG: ROE of 1.8% (sector avg: 14%), net margin of 1.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy NOG stock in 2026?
Our dual AI analysis gives Northern Oil & Gas, Inc.. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NOG's free cash flow?
Northern Oil & Gas, Inc..'s operating cash flow is $1.5B, with capital expenditures of $1.0M. FCF margin is 60.8%.
How does NOG compare to other Energy stocks?
Vs Energy sector averages: Net margin 1.6% (avg: 12%), ROE 1.8% (avg: 14%), current ratio 1.09 (avg: 1.3).