Northern Oil & Gas (NOG) Cash from Operations (2010 - 2026)
Northern Oil & Gas (NOG) posted Cash from Operations of $321.62 million for Q2 2026, down 11.2% from $362.11 million a year earlier and down 0.6% from the prior quarter.
Powered by 
Analysis
Northern Oil & Gas (NOG) Cash from Operations (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cash from Operations at Northern Oil & Gas was $1.38 billion, down 4.5% year-over-year; for FY2025, it came in at $1.51 billion, up 6.9% from FY2024.
- Annual Cash from Operations has increased for five consecutive years, with a five-year compound annual growth rate of 35.3% (FY2020 to FY2025).
- In prior years, Northern Oil & Gas' Cash from Operations was $1.41 billion in FY2024 (+19.0%), $1.18 billion in FY2023 (+27.5%), $928.42 million in FY2022 (+134.2%) and $396.47 million in FY2021 (+19.5%).
- Quarterly Cash from Operations has run from a low of $94.41 million in Q3 2021 to a high of $423.12 million in Q3 2025 over five years.
- On a year-over-year basis, Cash from Operations increased in five of the last eight quarters, with growth averaging 3.4%.
- The strongest year-over-year quarter for Cash from Operations in the past five years was Q3 2022, with growth of 193.1%; the weakest was Q1 2026, with a decline of 20.6%.
- According to Business Quant data, Cash from Operations for the three prior quarters was $323.62 million (Q1 2026), $312.63 million (Q4 2025) and $423.12 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 21.43 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 22.63 Bn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 10.86 Bn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 4.96 Bn |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 7.43 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 9.47 Bn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 7.26 Bn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 4.93 Bn |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 5.66 Bn |
| 10 | Northern Oil & Gas | 2.44 Bn | 2.31 Bn | 618.15 Mn | 321.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 321.62 Mn |
| Mar 31, 2026 | 323.62 Mn |
| Dec 31, 2025 | 312.63 Mn |
| Sep 30, 2025 | 423.12 Mn |
| Jun 30, 2025 | 362.11 Mn |
| Mar 31, 2025 | 407.43 Mn |
| Dec 31, 2024 | 290.28 Mn |
| Sep 30, 2024 | 385.76 Mn |
| Jun 30, 2024 | 340.48 Mn |
| Mar 31, 2024 | 392.15 Mn |
| Dec 31, 2023 | 342.36 Mn |
| Sep 30, 2023 | 263.87 Mn |
| Jun 30, 2023 | 307.79 Mn |
| Mar 31, 2023 | 269.31 Mn |
| Dec 31, 2022 | 287.38 Mn |
| Sep 30, 2022 | 276.77 Mn |
| Jun 30, 2022 | 210.24 Mn |
| Mar 31, 2022 | 154.03 Mn |
| Dec 31, 2021 | 133.10 Mn |
| Sep 30, 2021 | 94.41 Mn |
API Access
Northern Oil & Gas Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "NOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();