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
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 -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