Northern Oil and Gas, Inc.

NOG - Financial Snapshot

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Metrics for NOG

Price	$28.84
Shares Outstanding	104.5M
All-Time Low	$3.35
52-Week Low	$19.88

Balance Statement Metrics

Net Cash / Share	$0 cashValuePerShare = (Cash + Short Term Investments - Total Liabilities) / Shares Outstanding
Net Current Assets / Share	$-27.72 netCurrentAssetsPerShare = (Current Assets - Total Liabilities) / Shares Outstanding
Net Tangible Assets / Share	$21.85 netTangibleAssetsPerShare = (Total Assets - Intangibles - Total Liabilities) / Shares Outstanding
Shares Outstanding Ave Change (Annual)	8.62%
Shares Δ YoY	-1.64%
Avg CA Burn (Annual %)	35.36% (as of 3-8-2026)
Avg CA Burn (Quarterly %)	4.30% (as of 3-8-2026)

Earning Metrics

Max Earning Power / Share	$15.58 maxEarningPowerPerShare = (EBITDA / EP_MULTIPLIER) / Shares Outstanding
Adjusted Earning Power	$-6.92 adjustedEarningPower = (Net Income / EP_MULTIPLIER) / Shares Outstanding
Non-Cash Charges to Market Cap	7.6% nonCashChargeToMKTCAP = Non-Cash Charges / Market Capitalization
Avg EBITDA (5Y)	1.1B (as of 3-8-2026)
Avg EBITDA (5Q)	277.5M (as of 3-8-2026)
Avg Net Income (5Y)	555.7M (as of 3-8-2026)
Avg Net Income (5Q)	22.1M (as of 3-8-2026)

Data as of: Price 03-20-26 16:00 ET, Balance Sheet 2025-12-31, Income Statement 2025-12-31, Cash Flow 2025-12-31

Indicators

Dividend indicators	Value	Date
Current Dividend Streak	Yes	3-8-2026
Consecutive Years Paid	5 years	3-8-2026
Pays Dividend	Yes	3-8-2026
Dividend Type	common	3-8-2026
Dividend Payout / Share	$0.45	3-8-2026
Last Dividend Date	1-29-26

Income indicators	Value	Date
EBITDA Positive	Yes	3-8-2026
Net Income Positive	No	3-8-2026
Current Dividend Streak	Yes	3-8-2026

Metric History Explorer

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Tangible Book Value Per Share History

Formula: Tangible Book Value / shares from balance statements. Includes 6 quarterly + 4 annual.

Chart plots one TBV / Share point per report date (duplicate same-date annual/quarterly rows are merged).

Report Date	Period	TBV / Share	Tangible Book Value	Shares Used
2025-12-31	Quarterly	$21.86	2.1B ($2,126,341,000)	97.3M (97,265,559)
2025-09-30	Quarterly	$23.00	2.2B ($2,244,398,000)	97.6M (97,602,978)
2025-06-30	Quarterly	$24.72	2.4B ($2,413,019,000)	97.6M (97,594,682)
2025-03-31	Quarterly	$24.34	2.4B ($2,402,081,000)	98.7M (98,702,027)
2024-12-31	Quarterly	$23.41	2.3B ($2,320,435,000)	99.1M (99,113,645)
2024-12-31	Annual	$23.41	2.3B ($2,320,435,000)	99.1M (99,113,645)
2024-09-30	Quarterly	$23.18	2.3B ($2,313,502,000)	99.8M (99,825,164)
2023-12-31	Annual	$20.32	2B ($2,047,676,000)	100.8M (100,761,148)
2022-12-31	Annual	$8.75	745.3M ($745,260,000)	85.2M (85,165,807)
2021-12-31	Annual	$2.78	215.1M ($215,132,000)	77.3M (77,341,921)

Revenue History (Annual)

Revenue from income statements. Includes 4 annual.

Chart plots one annual Revenue point per report date.

Report Date	Revenue
2024-12-31	2.2B ($2,163,761,000)
2023-12-31	1.9B ($1,907,009,000)
2022-12-31	2B ($1,985,798,000)
2021-12-31	975.1M ($975,092,000)

Dividend Payments

Historical cash dividends per share from Yahoo ex-dividend dates.

Date	Dividend / Share
2025-12-30	$0.45
2025-09-29	$0.45
2025-06-27	$0.45
2025-03-28	$0.45
2024-12-30	$0.42

Show 14 older dividend payments

Date	Dividend / Share
2024-09-27	$0.42
2024-06-27	$0.4
2024-03-27	$0.4
2023-12-27	$0.4
2023-09-27	$0.38
2023-06-28	$0.37
2023-03-29	$0.34
2022-12-28	$0.3
2022-09-28	$0.25
2022-06-28	$0.19
2022-03-29	$0.14
2021-12-29	$0.08
2021-09-29	$0.045
2021-06-29	$0.03

Shares Outstanding Changes

Date	Shares Outstanding	Delta
2026-03-17	104,501,869	+7,207,208
2026-03-06	97,294,661	-308,317
2025-11-10	97,602,978	+8,296
2025-09-17	97,594,682	-22

Short Interest Changes

Latest short-interest change: 17,826,806 shares (30.74% of float) | Days to cover: 9.12

Date	Short Interest	Delta	Δ %
2026-03-11	17,826,806 shares	-731,660	-3.94%
2026-02-26	18,558,466 shares	-314,537	-1.67%
2026-02-11	18,873,003 shares	-612,819	-3.14%

Interesting Volume Days

Volume/ratio use shares outstanding as of the event date (frozen).

Date	Volume	Shares Outstanding	Volume / Shares	Price
No interesting volume events

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company was founded in 2006 and is headquartered in Minnetonka, Minnesota.