NORTHERN OIL & GAS, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.2B | $2.2B | $1.6B | $496.9M |
| Operating income | $245.8M | $837.8M | $1.1B | $853.2M | $78.0M |
| Cost of revenue | $473.7M | $429.8M | $347.0M | $260.7M | $170.8M |
| Cash from operations | $1.5B | $1.4B | $1.2B | $928.4M | $396.5M |
| Capital expenditure | $759,000 | $128,000 | $1.2M | $4.6M | $556,000 |
| Free cash flow | $1.5B | $1.4B | $1.2B | $923.8M | $395.9M |
| Share repurchases | $57.0M | $94.5M | $8.0M | $54.5M | $0 |
| Impairments | $0 | — | — | — | — |
| Total assets | $5.4B | $5.6B | $4.5B | $2.9B | $1.5B |
| Total liabilities | $3.3B | $3.3B | $2.4B | $2.1B | $1.3B |
| Total debt | $2.4B | $2.4B | $1.9B | $1.5B | $805.0M |
Shares outstanding 105.8M · Free float 52.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.