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Northern OIL & GAS, Inc. balance sheet

At the end of fiscal 2025, Northern OIL & GAS, Inc. had total assets of $5.41bn, total liabilities of $3.28bn and shareholders' equity of $2.13bn. It held $14.3m in cash against $2.42bn of debt: net debt of $2.41bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents615261369361022161103891448
Receivables—22517087865136479610871194271371390350378
Total current assets—233819410422612247153228133126215320509501586502
Total assets—5107261,1911,5202,0277214326321,5041,9058721,5232,8754,4845,6045,4095,828
Accounts payable—491109616923265569355693665129193203219206
Total current liabilities—601201001942867877124232203182328345386544539630
Short-term debt———————0——0650—————
Long-term debt——03005105088358339798301,1188808031,5251,8362,3692,3952,725
Total debt00703005105088488441,0008351,1289508051,5431,8662,3952,4232,750
Total liabilities—742296059001,2569199191,1231,0741,3471,0951,3082,1302,4373,2833,2833,833
Shareholders' equity124435497586620771−198−487−491430559−2232157452,0482,3202,1261,995
Net debt (negative = net cash)−6−152642875044998448388988331,1129487951,5411,8582,3862,4092,702
Shares outstanding44m62m63m64m62m61m63m63m67m—41m46m77m85m101m99m97m107m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Northern OIL & GAS, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Northern OIL & GAS, Inc.