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
DateValue
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