# NORTHERN OIL AND GAS, INC. (NOG) · Edgar & Edgarette company card

> Northern Oil And Gas (NOG) grew revenue 11.2% in FY2025 to $2.5 billion, operating margin 9.9% against a 16.8% median for crude petroleum & natural gas, equity 39.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1104485 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/NOG) · [JSON](https://www.pops4.com/boards/company/NOG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $2.5B |
| Revenue growth, 1 year | 11.2% |
| Revenue growth per year | 26.2% |
| Operating margin | 9.9% (prior year 37.6%) |
| Net margin | 1.6% |
| Operating cash flow | $1.5B |
| Capital spending | — |
| Free cash flow | — |
| Cash | $14M |
| Long-term debt | $2.4B |
| Total assets | $5.4B |
| Total equity | $2.1B |
| Equity ÷ assets | 39.3% |
| Return on equity | 1.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 1.33 (grey zone)
- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±34%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $2.5B (FY2025), total debt $2.4B. Experience: revenue up 11.2% on the year, up 26.2% a year over 4 years; operating margin 9.9%, down from 37.6%. Soundness: equity 39.3% of assets, return on equity 1.8%, payout 447.4% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.9B and $3.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.4B to $4.9B. A statistical range, not company guidance. Against peers (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin 9.9% against a 16.8% median; growth 11.2% against 7.8%.

Range logged 2026-10-30, receipt c915bc178b2372f7, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-13 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104485/000110448526000043/0001104485-26-000043-index.htm)
- 8-K · filed 2026-08-26 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104485/000119312526368292/0001193125-26-368292-index.htm)
- 8-K · filed 2026-08-19 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104485/000119312526357053/0001193125-26-357053-index.htm)
- 8-K · filed 2026-08-19 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104485/000119312526356160/0001193125-26-356160-index.htm)
- 10-Q · filed 2026-08-07 · [filing](https://www.sec.gov/Archives/edgar/data/1104485/000110448526000032/0001104485-26-000032-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1104485/000110448526000030/0001104485-26-000030-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001104485.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1104485

## Cite

POPS4, Edgar & Edgarette: NORTHERN OIL AND GAS, INC. (NOG) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/NOG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.