📊 NOG Key Takeaways
Is Northern Oil & Gas, Inc.. (NOG) a Good Investment?
Northern Oil & Gas is in severe financial distress with catastrophic operating losses of -$654.9M on minimal $5M revenue, indicating operational collapse or restructuring. The company faces a critical liquidity crisis with current ratio of 0.53 and only $37M cash against $2.6B debt, presenting imminent solvency risks and likely default scenarios.
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.
Northern Oil & Gas, Inc.. Key Strengths (NOG)
- Positive operating cash flow of $323.6M suggests some underlying asset monetization or non-cash charges inflating losses
- Positive free cash flow of $322.6M provides temporary breathing room despite unprofitable operations
- Asset base of $5.5B provides liquidation value and restructuring options
- 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
- Operating losses of -$654.9M on $5M revenue indicates potential operational shutdown or major business failure
- Liquidity crisis with current ratio of 0.53 - cannot cover short-term obligations with current assets
- Debt service impossible with negative operating income; interest coverage ratio of -17.3x indicates default risk
- Extreme leverage of 1.43x debt-to-equity with insufficient cash runway to restructure debt
- Negative profitability metrics (-10,396% net margin, -29.3% ROE) unsustainable long-term
- 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
- Quarterly revenue trends and operational recovery indicators
- Current ratio and working capital position - monitor for bankruptcy filing triggers
- Operating cash flow sustainability and source verification
- Debt restructuring announcements or covenant violation notices
- Cash position decline rate relative to operating losses
- 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 6,415.1% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
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 |
|---|---|---|---|
| Q1 2026 | $5.0M | $139.0M | $1.39 |
| 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 |
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 Grade of C from Claude (D) and ChatGPT (B) with 80% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NOG's key strengths?
Claude: Positive operating cash flow of $323.6M suggests some underlying asset monetization or non-cash charges inflating losses. Positive free cash flow of $322.6M provides temporary breathing room despite unprofitable operations. 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: Operating losses of -$654.9M on $5M revenue indicates potential operational shutdown or major business failure. Liquidity crisis with current ratio of 0.53 - cannot cover short-term obligations with current assets. 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 $5.0M.
Does NOG pay dividends?
Northern Oil & Gas, Inc.. pays dividends, with $44.5M 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 $-5.31.
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 grade reflects both perspectives for balanced insights.
What is NOG's fundamental grade?
Based on our AI fundamental analysis in June 2026, Northern Oil & Gas, Inc.. has a C grade with 80% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is NOG stock overvalued or undervalued?
Valuation metrics for NOG: ROE of -29.3% (sector avg: 14%), net margin of -10,396.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is NOG's AI grade for 2026?
Our dual AI analysis gives Northern Oil & Gas, Inc.. a combined C grade 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 $323.6M, with capital expenditures of $1.0M. FCF margin is 6,415.1%.
How does NOG compare to other Energy stocks?
Vs Energy sector averages: Net margin -10,396.6% (avg: 12%), ROE -29.3% (avg: 14%), current ratio 0.53 (avg: 1.3).