Diversified Energy vs Northern OIL & GAS
Northern OIL & GAS is the larger business, with $2.48bn of revenue in fiscal 2025 against $1.83bn for Diversified Energy (1.4 times as much). Diversified Energy grew faster (141.5% against 11.2%). Diversified Energy kept more of each dollar of sales as profit: a net margin of 18.6% against 1.6%. Northern OIL & GAS carries less debt relative to equity (114.0% against 303.4%).
| Latest fiscal year | Diversified EnergyDEC, 2025 | Northern OIL & GASNOG, 2025 |
|---|---|---|
| Revenue | $1.83bn | $2.48bn |
| Revenue growth | 141.5% | 11.2% |
| Net income | $341m | $38.8m |
| Operating margin | 29.2% | 9.9% |
| Net margin | 18.6% | 1.6% |
| Return on equity | 49.3% | 1.7% |
| Free cash flow | $280m | $1.50bn |
| Cash | $29.7m | $14.3m |
| Total debt | $2.99bn | $2.42bn |
| Debt to equity | 303.4% | 114.0% |
| Dividend per share | — | — |
| Dividend yield | — | 6.5% |
| Share buybacks | — | $57.0m |
| Employees | — | 64 |
| Market value | $982m | $2.69bn |
| Price vs our value range | — | Below our value range |
| Moat score | — | 55 (Moderate) |
| Insider trades, 12 months | 0 buys, 1 sales | 3 buys, 0 sales |