For Q1 FY2026 (ended March 31, 2026), Northern Oil & Gas reported revenue of $5.0 million, a 99.2% decline year-over-year. Net loss was $522.8 million, compared to net income of $139.0 million in the prior year quarter. Operating loss was $654.9 million, and diluted EPS was -$5.31. The company had cash of $37.0 million, equity of $1.78 billion, and long-term debt of $2.55 billion.
•Revenue plunged 99.2% YoY to $5.0 million.
•Net loss of $522.8 million vs. net income of $139.0 million a year ago.
•Diluted EPS of -$5.31, down 482% YoY.
•Long-term debt of $2.55 billion exceeded equity of $1.78 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Northern Oil and Gas, Inc., an independent energy company provides the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. Founded in 2006, Northern Oil and Gas is headquartered in Minnetonka, Minnesota.
Northern Oil and Gas, Inc. is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company focuses on identifying and investing in oil and gas assets, primarily in established basins, to generate production and reserves. Its operations involve the entire lifecycle of oil and gas properties, from acquiring interests to drilling and completing wells. As an independent operator, Northern Oil and Gas does not own refining or marketing assets but instead concentrates on upstream activities, leveraging its technical expertise to maximize value from its portfolio of producing and non-producing properties.
Where is Northern Oil and Gas (NOG) listed and in which currency?
Northern Oil and Gas, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol NOG. The company's financial reporting and stock trading are denominated in US Dollars (USD). As a US-based company with operations primarily in the United States, its revenues, expenses, and share price are all quoted in USD. Investors trading NOG shares on the NYSE will transact in US Dollars, and the company's financial statements are prepared in accordance with US GAAP using USD as the reporting currency.
What sector and industry does Northern Oil and Gas (NOG) operate in?
Northern Oil and Gas, Inc. operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. This means the company is primarily involved in finding, extracting, and producing crude oil and natural gas from underground reservoirs. As an E&P company, its core activities include acquiring mineral rights, drilling wells, and managing production operations. Unlike oilfield service companies or refiners, Northern Oil and Gas focuses on the upstream segment of the oil and gas value chain, generating revenue by selling the crude oil and natural gas it produces. The company's performance is closely tied to commodity prices and the success of its drilling and acquisition strategies.
Where is Northern Oil and Gas (NOG) headquartered and what is its geographic focus?
Northern Oil and Gas, Inc. is headquartered in Minnetonka, Minnesota, United States. The company was founded in 2006 and has since focused its operations on acquiring and developing oil and gas properties within the United States. While its corporate office is in Minnesota, its assets are located in various US basins, including the Williston Basin in North Dakota and Montana, as well as the Permian Basin in Texas. The company's geographic focus is entirely domestic, with no international operations mentioned. This US-centric strategy allows Northern Oil and Gas to leverage its knowledge of domestic geology, regulatory environments, and market dynamics to identify and execute value-accretive acquisitions and development projects.
How does Northern Oil and Gas (NOG) make money?
Northern Oil and Gas, Inc. generates revenue primarily through the sale of crude oil and natural gas produced from its properties. The company's business model involves acquiring interests in oil and gas assets, then developing and operating those assets to extract hydrocarbons. Revenue is derived from the volumes of oil and gas sold, multiplied by the prevailing market prices, which are subject to fluctuations. The company also may generate income from the sale of non-core assets or through joint ventures. Key to its profitability is the ability to acquire properties at attractive valuations, efficiently drill and complete wells, and manage operating costs. Northern Oil and Gas does not own downstream assets like refineries, so its earnings are directly tied to upstream production and commodity price realizations.