Northern Oil & Gas (NOG) Free Cash Flow (2010 - 2026)
Northern Oil & Gas (NOG) recorded quarterly Free Cash Flow of $323.6 million in Q1 2026, down 74.23% quarter-over-quarter from $1.3 billion in Q4 2025, and down 20.47% on a YoY basis from $406.8 million in Q1 2025.
Northern Oil & Gas (NOG) Free Cash Flow (2010 - 2026) Analysis & Trends
Northern Oil & Gas' Free Cash Flow history runs 17 years deep, the most recent figure standing at $323.6 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 20.47% year-over-year to $323.6 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 812.61% YoY), while the FY2025 annual figure was $1.5 billion, up 665.69% from the prior year.
- Free Cash Flow was $323.6 million for Q1 2026 at Northern Oil & Gas, down from $1.3 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $1.3 billion in Q4 2025 to a low of -$1.5 billion in Q4 2023.
- Historically, Free Cash Flow has averaged $106.4 million across 5 years, with a median of $103.5 million in 2022.
- The sharpest annual moves came in 2023 and 2025: Free Cash Flow sank 628.29% in 2023, then surged 2838.0% in 2025.
- A 5-year view of Free Cash Flow shows it stood at $287.4 million in 2022, then tumbled by 628.29% to -$1.5 billion in 2023, then advanced by 8.82% to -$1.4 billion in 2024, then surged by 190.7% to $1.3 billion in 2025, then sank by 74.23% to $323.6 million in 2026.
- The last three Free Cash Flow figures came in at $323.6 million (Q1 2026), $1.3 billion (Q4 2025), and $70.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | -1.81 Bn |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 1.53 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 1.35 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 2.81 Bn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 1.26 Bn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 895.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 85.67 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 2.46 Bn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -98.14 Bn |
| 10 | Northern Oil & Gas | 2.04 Bn | 2.00 Bn | -124.72 Mn | 323.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 323.56 Mn |
| Mar 31, 2026 | 323.56 Mn |
| Dec 31, 2025 | 1.26 Bn |
| Dec 31, 2025 | 1.26 Bn |
| Sep 30, 2025 | 70.78 Mn |
| Sep 30, 2025 | 70.78 Mn |
| Jun 30, 2025 | -228.63 Mn |
| Jun 30, 2025 | -228.63 Mn |
| Mar 31, 2025 | 406.84 Mn |
| Mar 31, 2025 | 406.84 Mn |
| Dec 31, 2024 | -1.38 Bn |
| Dec 31, 2024 | -1.38 Bn |
| Sep 30, 2024 | 1.02 Bn |
| Sep 30, 2024 | 1.02 Bn |
| Jun 30, 2024 | 117.30 Mn |
| Jun 30, 2024 | 117.30 Mn |
| Mar 31, 2024 | -14.86 Mn |
| Mar 31, 2024 | -14.86 Mn |
| Dec 31, 2023 | -1.52 Bn |
| Dec 31, 2023 | -1.52 Bn |