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Side-by-side financial comparison of NORTHERN OIL & GAS, INC. (NOG) and RANGE RESOURCES CORP (RRC). Click either name above to swap in a different company.
RANGE RESOURCES CORP is the larger business by last-quarter revenue ($786.9M vs $610.2M, roughly 1.3× NORTHERN OIL & GAS, INC.). RANGE RESOURCES CORP runs the higher net margin — 22.8% vs -11.6%, a 34.4% gap on every dollar of revenue. On growth, RANGE RESOURCES CORP posted the faster year-over-year revenue change (18.0% vs -72.6%). Over the past eight quarters, RANGE RESOURCES CORP's revenue compounded faster (14.6% CAGR vs 4.3%).
Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company.
Range Resources Corporation is a natural gas exploration and production company, the headquartered is in Fort Worth, Texas. It operates in the Marcellus Formation, where it is the largest land owners.
NOG vs RRC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $610.2M | $786.9M |
| Net Profit | $-70.7M | $179.1M |
| Gross Margin | — | 94.5% |
| Operating Margin | — | — |
| Net Margin | -11.6% | 22.8% |
| Revenue YoY | -72.6% | 18.0% |
| Net Profit YoY | -198.7% | 88.8% |
| EPS (diluted) | $-0.73 | $0.75 |
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.
| Q1 26 | $610.2M | — | ||
| Q4 25 | $610.2M | $786.9M | ||
| Q3 25 | $556.6M | $655.3M | ||
| Q2 25 | $706.8M | $699.6M | ||
| Q1 25 | $602.1M | $846.3M | ||
| Q4 24 | $515.0M | $667.0M | ||
| Q3 24 | $753.6M | $567.9M | ||
| Q2 24 | $560.8M | $513.2M |
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $179.1M | ||
| Q3 25 | $-129.1M | $144.3M | ||
| Q2 25 | $99.6M | $237.6M | ||
| Q1 25 | $139.0M | $97.1M | ||
| Q4 24 | $71.7M | $94.8M | ||
| Q3 24 | $298.4M | $50.7M | ||
| Q2 24 | $138.6M | $28.7M |
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 94.5% | ||
| Q3 25 | 78.7% | 92.5% | ||
| Q2 25 | 82.8% | 95.0% | ||
| Q1 25 | 81.1% | 93.1% | ||
| Q4 24 | 77.4% | 93.7% | ||
| Q3 24 | 85.8% | 94.3% | ||
| Q2 24 | 82.0% | 93.4% |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | -22.6% | — | ||
| Q2 25 | 24.9% | — | ||
| Q1 25 | 38.1% | — | ||
| Q4 24 | 25.8% | — | ||
| Q3 24 | 57.6% | — | ||
| Q2 24 | 39.0% | — |
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | 22.8% | ||
| Q3 25 | -23.2% | 22.0% | ||
| Q2 25 | 14.1% | 34.0% | ||
| Q1 25 | 23.1% | 11.5% | ||
| Q4 24 | 13.9% | 14.2% | ||
| Q3 24 | 39.6% | 8.9% | ||
| Q2 24 | 24.7% | 5.6% |
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $0.75 | ||
| Q3 25 | $-1.33 | $0.60 | ||
| Q2 25 | $1.00 | $0.99 | ||
| Q1 25 | $1.39 | $0.40 | ||
| Q4 24 | $0.71 | $0.38 | ||
| Q3 24 | $2.96 | $0.21 | ||
| Q2 24 | $1.36 | $0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.3M | $204.0K |
| Total DebtLower is stronger | — | $1.2B |
| Stockholders' EquityBook value | $2.1B | $4.3B |
| Total Assets | $5.4B | $7.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $204.0K | ||
| Q3 25 | $31.6M | $175.0K | ||
| Q2 25 | $25.9M | $134.0K | ||
| Q1 25 | $33.6M | $344.6M | ||
| Q4 24 | $8.9M | $304.5M | ||
| Q3 24 | $34.4M | $277.4M | ||
| Q2 24 | $7.8M | $251.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.9B | $1.7B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $4.3B | ||
| Q3 25 | $2.2B | $4.2B | ||
| Q2 25 | $2.4B | $4.1B | ||
| Q1 25 | $2.4B | $3.9B | ||
| Q4 24 | $2.3B | $3.9B | ||
| Q3 24 | $2.3B | $3.9B | ||
| Q2 24 | $2.1B | $3.9B |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $7.4B | ||
| Q3 25 | $5.5B | $7.2B | ||
| Q2 25 | $5.7B | $7.1B | ||
| Q1 25 | $5.7B | $7.4B | ||
| Q4 24 | $5.6B | $7.3B | ||
| Q3 24 | $5.1B | $7.2B | ||
| Q2 24 | $4.7B | $7.3B |
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 0.28× | ||
| Q3 25 | 1.05× | 0.29× | ||
| Q2 25 | 0.98× | 0.29× | ||
| Q1 25 | 0.96× | 0.43× | ||
| Q4 24 | 1.02× | 0.43× | ||
| Q3 24 | 0.84× | 0.44× | ||
| Q2 24 | 0.91× | 0.44× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $312.6M | $257.5M |
| Free Cash FlowOCF − Capex | $43.2M | — |
| FCF MarginFCF / Revenue | 7.1% | — |
| Capex IntensityCapex / Revenue | 31.5% | — |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $257.5M | ||
| Q3 25 | $423.1M | $247.5M | ||
| Q2 25 | $362.1M | $336.2M | ||
| Q1 25 | $407.4M | $330.1M | ||
| Q4 24 | $290.3M | $217.9M | ||
| Q3 24 | $385.8M | $245.9M | ||
| Q2 24 | $340.5M | $148.8M |
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | 3.64× | 1.42× | ||
| Q1 25 | 2.93× | 3.40× | ||
| Q4 24 | 4.05× | 2.30× | ||
| Q3 24 | 1.29× | 4.85× | ||
| Q2 24 | 2.46× | 5.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
