Northern Oil and Gas, Inc. operates as an independent energy enterprise within the United States. The company's core business revolves around the ...
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$1.80 per share
Est. EPS $0.99 · Revenue $586.42M · 6 analysts
$1.80 per share
Est. EPS $1.04 · Revenue $600.66M · 6 analysts
EPS $1.00 · Revenue $577.99M
EPS $1.39 · Revenue $580.34M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.1B | -3.2% | +37.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $38.8M | -92.6% | +145.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +32.2% | -16.6% | +43.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +29.3% | -24.3% | +65.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +1.9% | -92.3% | +133.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $252.8M | +195.0% | +81.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +12.1% | +198.1% | +86.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 112.7% | +10.3% | -4.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.09x | +18.1% | +51.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.4B | -3.5% | +5.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.39 vs 4.44 | -91.2% | 2.19 vs 0.99 | +120.1% |
| Revenue Surprise | $2.1B vs $2.3B | -9.8% | $745.2M vs $586.4M | +27.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | Akradi Bahram | director | Common Stock | A | 6,336 | — |
| Jun 30, 2026 | Lasher Stuart G. | director | Common Stock | A | 2,410 | — |
| Jun 30, 2026 | Kimble William F | director | Common Stock | A | 2,410 | — |
| Jun 30, 2026 | Frantz Michael A | director | Common Stock | A | 2,410 | — |
| Jun 30, 2026 | Pomerantz Jennifer S. | director | Common Stock | A | 3,788 | — |
Operator: Greetings, and welcome to NOG's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to introduce your host, Evelyn Infurna, Vice President, Investor Relations. Thank you. You may begin. Evelyn Infurna: Good morning. Welcome to NOG's Second Quarter 2026 Earnings Conference Call. Yesterday after the close, we released our financial results. You can access our earnings release and presentation in the Investor Relations section of our website at noginc.com. We will be filing our June 30, 2026 10-Q with the SEC within the next few days. I'm joined this morning by our Chief Executive Officer, Nick O'Grady; our President, Adam Dirlam; and our Chief Financial Officer, Chad Allen; as well as our Chief Technical Officer, Jim Evans. Our agenda for today's call will be as follows: Chad will provide an overview of our financial performance, followed by Adam, who will share an overview of NOG's operations and business development activities. Nick will close with a remark about NOG's positioning and value proposition. After our prepared remarks, the team will be available to answer any questions. Before we begin, let me remind you of our safe harbor language. Please be advised that our remarks today, including the answers to your questions, may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from the expectations contemplated by our forward-looking statements. Those risks include, among others, matters that we've described in our earnings release as well as in our filings with the SEC, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. We disclaim any obligation to update those forward-looking statements. During today's call, we may discuss certain non-GAAP financial measures, including adjusted EBITDA, adjusted net income and free cash flow. Reconciliations of these measures to the closest GAAP measures can be found in our earnings release. With that, I will turn the call over to Chad. Chad Allen: Thanks, Evelyn. Q2 was a clear demonstration of our diversified portfolio business model. When one region hits turbulence, other aspects of our platform pick up the slack. And this quarter, that showed up directly in the numbers. Adjusted EBITDA was up 17% sequentially and free cash flow is up over 400% from the first quarter. That's the model working as designed. Total production was up 9% year-over-year with record natural gas volumes up 35% year-over-year and 5% sequentially. As previously disclosed, we saw significant curtailments in the second quarter as a result of challenging Waha economics. In a volatile environment, our operating partners in the Permian made prudent decisions to generate excess cash flows. And with improving economic conditions, …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Nicholas L. O'Grady | Chief Executive Officer & Director | USD 2,786,730 | Male | 1979 | Active |
Adam Dirlam | President | USD 1,640,441 | Male | 1984 | Active |
Chad Allen | Chief Financial Officer | USD 1,270,494 | Male | 1982 | Active |
James Evans | Chief Technical Officer | USD 1,237,414 | Male | 1984 | Active |
Erik J. Romslo | Chief Legal Officer & Secretary | USD 1,059,485 | Male | 1978 | Active |
Michael L. Reger | Founder & Chairman Emeritus | USD 351,213 | Male | 1976 | Active |
Evelyn Leon Infurna | Vice President of Investor Relations | — | Female | 1964 | Active |
Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Trust Advisors LP grew its position in Northern Oil and Gas, Inc. (NYSE: NOG) by 116.8% in the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 1,167,971 shares of the company's stock after buying an additional 629,197 shares during the period. First Trust Advisors LP owned
Dimensional Fund Advisors LP lessened its holdings in Northern Oil and Gas, Inc. (NYSE: NOG) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,146,203 shares of the company's stock after selling 97,082 shares during the period. Dimensional Fund Advisors LP owned 3.92%
Ted Oakley of Oxbow Advisors sees a market that is “not normal,” with investors locked into the S&P 500 that is not giving them a diversified portfolio.
Northern Oil and Gas (NOG) has seen a significant increase in its stock price after releasing its second-quarter operational update. The report addressed key inv
