NORTHERN OIL & GAS, INC.NOGEarnings & Financial Report
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
NOG Q1 FY2026 Key Financial Metrics
Revenue
$610.2M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-70.7M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-11.6%
YoY Growth
-72.6%
EPS
$-0.73
NORTHERN OIL & GAS, INC. Q1 FY2026 Financial Summary
NORTHERN OIL & GAS, INC. reported revenue of $610.2M (down 72.6% YoY) for Q1 FY2026, with a net profit of $-70.7M (down 198.7% YoY) (-11.6% margin).
Key Financial Metrics
| Total Revenue | $610.2M |
|---|---|
| Net Profit | $-70.7M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
NORTHERN OIL & GAS, INC. Q1 FY2026 revenue of $610.2M breaks down across 3 segments, led by Oil and Gas Sales at $447.7M (73.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Oil and Gas Sales | $447.7M | 73.4% |
| Gain on Commodity Derivatives, Net | $159.3M | 26.1% |
| Other Revenue | $3.1M | 0.5% |
NORTHERN OIL & GAS, INC. Annual Revenue by Year
NORTHERN OIL & GAS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.5B).
NORTHERN OIL & GAS, INC. Quarterly Revenue & Net Profit History
NORTHERN OIL & GAS, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $610.2M | -72.6% | $-70.7M | -11.6% |
| Q4 FY2025 | $610.2M | +18.5% | $-70.7M | -11.6% |
| Q3 FY2025 | $556.6M | -26.1% | $-129.1M | -23.2% |
| Q2 FY2025 | $706.8M | +26.0% | $99.6M | 14.1% |
| Q1 FY2025 | $602.1M | +51.9% | $139.0M | 23.1% |
| Q4 FY2024 | $515.0M | -35.1% | $71.7M | 13.9% |
| Q3 FY2024 | $753.6M | +140.0% | $298.4M | 39.6% |
| Q2 FY2024 | $560.8M | +17.7% | $138.6M | 24.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $560.8M | $753.6M | $515.0M | $602.1M | $706.8M | $556.6M | $610.2M | $610.2M |
| YoY Growth | 17.7% | 140.0% | -35.1% | 51.9% | 26.0% | -26.1% | 18.5% | -72.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.72B | $5.06B | $5.60B | $5.67B | $5.70B | $5.49B | $5.41B | $5.41B |
| Liabilities | $2.66B | $2.74B | $3.28B | $3.27B | $3.29B | $3.25B | $3.28B | $3.28B |
| Equity | $2.07B | $2.31B | $2.32B | $2.40B | $2.41B | $2.24B | $2.13B | $2.13B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $340.5M | $385.8M | $290.3M | $407.4M | $362.1M | $423.1M | $312.6M | $312.6M |