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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and PORTLAND GENERAL ELECTRIC CO (POR). Click either name above to swap in a different company.

PORTLAND GENERAL ELECTRIC CO is the larger business by last-quarter revenue ($889.0M vs $610.2M, roughly 1.5× NORTHERN OIL & GAS, INC.). PORTLAND GENERAL ELECTRIC CO runs the higher net margin — 4.6% vs -11.6%, a 16.2% gap on every dollar of revenue. On growth, PORTLAND GENERAL ELECTRIC CO posted the faster year-over-year revenue change (7.9% vs -72.6%). NORTHERN OIL & GAS, INC. produced more free cash flow last quarter ($43.2M vs $-142.0M). Over the past eight quarters, NORTHERN OIL & GAS, INC.'s revenue compounded faster (4.3% CAGR vs -2.2%).

Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.

Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 199...

NOG vs POR — Head-to-Head

Bigger by revenue
POR
POR
1.5× larger
POR
$889.0M
$610.2M
NOG
Growing faster (revenue YoY)
POR
POR
+80.5% gap
POR
7.9%
-72.6%
NOG
Higher net margin
POR
POR
16.2% more per $
POR
4.6%
-11.6%
NOG
More free cash flow
NOG
NOG
$185.2M more FCF
NOG
$43.2M
$-142.0M
POR
Faster 2-yr revenue CAGR
NOG
NOG
Annualised
NOG
4.3%
-2.2%
POR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NOG
NOG
POR
POR
Revenue
$610.2M
$889.0M
Net Profit
$-70.7M
$41.0M
Gross Margin
Operating Margin
10.7%
Net Margin
-11.6%
4.6%
Revenue YoY
-72.6%
7.9%
Net Profit YoY
-198.7%
7.9%
EPS (diluted)
$-0.73
$0.36

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NOG
NOG
POR
POR
Q1 26
$610.2M
Q4 25
$610.2M
$889.0M
Q3 25
$556.6M
$952.0M
Q2 25
$706.8M
$807.0M
Q1 25
$602.1M
$928.0M
Q4 24
$515.0M
$824.0M
Q3 24
$753.6M
$929.0M
Q2 24
$560.8M
$758.0M
Net Profit
NOG
NOG
POR
POR
Q1 26
$-70.7M
Q4 25
$-70.7M
$41.0M
Q3 25
$-129.1M
$103.0M
Q2 25
$99.6M
$62.0M
Q1 25
$139.0M
$100.0M
Q4 24
$71.7M
$38.0M
Q3 24
$298.4M
$94.0M
Q2 24
$138.6M
$72.0M
Gross Margin
NOG
NOG
POR
POR
Q1 26
Q4 25
80.4%
Q3 25
78.7%
Q2 25
82.8%
Q1 25
81.1%
Q4 24
77.4%
Q3 24
85.8%
Q2 24
82.0%
Operating Margin
NOG
NOG
POR
POR
Q1 26
Q4 25
-5.5%
10.7%
Q3 25
-22.6%
18.3%
Q2 25
24.9%
14.6%
Q1 25
38.1%
18.1%
Q4 24
25.8%
10.7%
Q3 24
57.6%
15.7%
Q2 24
39.0%
15.3%
Net Margin
NOG
NOG
POR
POR
Q1 26
-11.6%
Q4 25
-11.6%
4.6%
Q3 25
-23.2%
10.8%
Q2 25
14.1%
7.7%
Q1 25
23.1%
10.8%
Q4 24
13.9%
4.6%
Q3 24
39.6%
10.1%
Q2 24
24.7%
9.5%
EPS (diluted)
NOG
NOG
POR
POR
Q1 26
$-0.73
Q4 25
$-0.67
$0.36
Q3 25
$-1.33
$0.94
Q2 25
$1.00
$0.56
Q1 25
$1.39
$0.91
Q4 24
$0.71
$0.34
Q3 24
$2.96
$0.90
Q2 24
$1.36
$0.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NOG
NOG
POR
POR
Cash + ST InvestmentsLiquidity on hand
$14.3M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$2.1B
$4.1B
Total Assets
$5.4B
$13.2B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOG
NOG
POR
POR
Q1 26
$14.3M
Q4 25
$14.3M
Q3 25
$31.6M
Q2 25
$25.9M
Q1 25
$33.6M
Q4 24
$8.9M
Q3 24
$34.4M
Q2 24
$7.8M
Total Debt
NOG
NOG
POR
POR
Q1 26
Q4 25
$2.4B
$4.7B
Q3 25
$2.3B
$4.7B
Q2 25
$2.4B
$4.7B
Q1 25
$2.3B
$4.7B
Q4 24
$2.4B
$4.5B
Q3 24
$2.0B
$4.4B
Q2 24
$1.9B
$4.4B
Stockholders' Equity
NOG
NOG
POR
POR
Q1 26
$2.1B
Q4 25
$2.1B
$4.1B
Q3 25
$2.2B
$4.0B
Q2 25
$2.4B
$3.9B
Q1 25
$2.4B
$3.8B
Q4 24
$2.3B
$3.8B
Q3 24
$2.3B
$3.6B
Q2 24
$2.1B
$3.5B
Total Assets
NOG
NOG
POR
POR
Q1 26
$5.4B
Q4 25
$5.4B
$13.2B
Q3 25
$5.5B
$13.0B
Q2 25
$5.7B
$12.7B
Q1 25
$5.7B
$12.7B
Q4 24
$5.6B
$12.5B
Q3 24
$5.1B
$11.9B
Q2 24
$4.7B
$11.6B
Debt / Equity
NOG
NOG
POR
POR
Q1 26
Q4 25
1.13×
1.13×
Q3 25
1.05×
1.20×
Q2 25
0.98×
1.23×
Q1 25
0.96×
1.23×
Q4 24
1.02×
1.20×
Q3 24
0.84×
1.22×
Q2 24
0.91×
1.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NOG
NOG
POR
POR
Operating Cash FlowLast quarter
$312.6M
$148.0M
Free Cash FlowOCF − Capex
$43.2M
$-142.0M
FCF MarginFCF / Revenue
7.1%
-16.0%
Capex IntensityCapex / Revenue
31.5%
32.6%
Cash ConversionOCF / Net Profit
3.61×
TTM Free Cash FlowTrailing 4 quarters
$-71.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOG
NOG
POR
POR
Q1 26
$312.6M
Q4 25
$312.6M
$148.0M
Q3 25
$423.1M
$403.0M
Q2 25
$362.1M
$336.0M
Q1 25
$407.4M
$231.0M
Q4 24
$290.3M
$170.0M
Q3 24
$385.8M
$244.0M
Q2 24
$340.5M
$189.0M
Free Cash Flow
NOG
NOG
POR
POR
Q1 26
$43.2M
Q4 25
$-142.0M
Q3 25
$100.0M
Q2 25
$99.0M
Q1 25
$-128.0M
Q4 24
$-222.0M
Q3 24
$-9.0M
Q2 24
$-109.0M
FCF Margin
NOG
NOG
POR
POR
Q1 26
7.1%
Q4 25
-16.0%
Q3 25
10.5%
Q2 25
12.3%
Q1 25
-13.8%
Q4 24
-26.9%
Q3 24
-1.0%
Q2 24
-14.4%
Capex Intensity
NOG
NOG
POR
POR
Q1 26
31.5%
Q4 25
32.6%
Q3 25
31.8%
Q2 25
29.4%
Q1 25
38.7%
Q4 24
47.6%
Q3 24
27.2%
Q2 24
39.3%
Cash Conversion
NOG
NOG
POR
POR
Q1 26
Q4 25
3.61×
Q3 25
3.91×
Q2 25
3.64×
5.42×
Q1 25
2.93×
2.31×
Q4 24
4.05×
4.47×
Q3 24
1.29×
2.60×
Q2 24
2.46×
2.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NOG
NOG

Oil and Gas Sales$447.7M73%
Gain on Commodity Derivatives, Net$159.3M26%
Other Revenue$3.1M1%

POR
POR

Other$507.0M57%
Commercial$231.0M26%
Industrial$140.0M16%
Direct Accesscustomers$11.0M1%

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