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Northern OIL & GAS, Inc. cash flow statement

In fiscal 2025, Northern OIL & GAS, Inc.'s operations generated $1.51bn of cash; it spent $759,000 on capital projects, leaving free cash flow of $1.50bn. It returned $173m in dividends and $57.0m through buybacks.

Cash flow statement

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 from operations107385199223274247102732443403323969281,1831,4091,5051,381
Depreciation and amortisation0000000000————————
Stock-based pay1461253533484466121516
Capital spending0200000000229474105101—
Free cash flow10718519822227424710273244111285−149241,1821,4091,505—
Free cash flow after stock pay968791862182712429870240103281−189181,1761,3971,489—
Dividends paid——————————00552124162173179
Share buybacks00122616000221500558945757
Shares issued6928200———0014200438051500—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.