Northern Oil & Gas (NOG) Free Cash Flow (2010 - 2026)
Northern Oil & Gas' (NOG) quarterly Free Cash Flow came in at $323.6 million in Q1 2026, up 125.55% year-on-year from $143.5 million in Q1 2025, and down 74.23% quarter-over-quarter from $1.3 billion in Q4 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.
- On a quarterly basis, Free Cash Flow rose 125.55% year-over-year to $323.6 million in Q1 2026; TTM through Mar 2026 was $1.7 billion, a 427.36% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 665.69% from the prior year.
- Free Cash Flow slipped to $323.6 million in Q1 2026 per NOG's latest filing, from $1.3 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.3 billion in Q4 2025 and bottomed at -$1.4 billion in Q4 2024.
- The 5-year median for Free Cash Flow is $269.1 million (2023), against an average of $215.8 million.
- Across the five-year window, Free Cash Flow jumped 734.0% in 2022 and sank 505.09% in 2024, its largest moves.
- Year by year, Free Cash Flow stood at $1.1 billion in 2022, then tumbled by 69.17% to $341.7 million in 2023, then sank by 505.09% to -$1.4 billion in 2024, then surged by 190.7% to $1.3 billion in 2025, then tumbled by 74.23% to $323.6 million in 2026.
- Per Business Quant, the three latest NOG Free Cash Flow figures stand at $323.6 million (Q1 2026), $1.3 billion (Q4 2025), and $70.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 1.35 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 2.81 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 895.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | -273.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 397.84 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 162.01 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 816.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 1.70 Bn |
| 10 | Northern Oil & Gas | 2.00 Bn | 1.96 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 | 34.75 Mn |
| Jun 30, 2025 | 34.75 Mn |
| Mar 31, 2025 | 143.46 Mn |
| Mar 31, 2025 | 143.46 Mn |
| Dec 31, 2024 | -1.38 Bn |
| Dec 31, 2024 | -1.38 Bn |
| Sep 30, 2024 | 385.72 Mn |
| Sep 30, 2024 | 385.72 Mn |
| Jun 30, 2024 | 340.45 Mn |
| Jun 30, 2024 | 340.45 Mn |
| Mar 31, 2024 | 392.10 Mn |
| Mar 31, 2024 | 392.10 Mn |
| Dec 31, 2023 | 341.71 Mn |
| Dec 31, 2023 | 341.71 Mn |