Northern OIL & GAS, Inc. income statement

In fiscal 2025, Northern OIL & GAS, Inc. reported revenue of $2.48bn, up 11.2% on the year before, operating income of $246m (a 9.9% margin) and net income of $38.8m, or $0.39 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Northern OIL & GAS, Inc.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	14	45	149	312	336	595	275	145	209	679	472	552	497	1,571	2,166	2,226	2,476	1,917
Cost of revenue	—	—	—	—	—	—	—	46	50	67	119	116	171	261	347	430	474	495
Gross profit	—	—	—	—	—	—	—	99	160	612	354	436	326	1,310	1,819	1,796	2,002	1,422
General and administrative	4	7	14	23	17	18	19	15	19	15	24	19	30	47	47	50	61	79
Operating income	4	12	67	129	118	305	−1,119	−229	60	433	56	−841	78	853	1,122	838	246	−462
Interest expense	−1	1	1	14	33	42	58	64	70	86	79	59	59	80	136	158	172	168
Income before tax	4	11	67	115	85	263	−1,178	−295	−11	144	−76	−906	7	776	1,001	681	63	−640
Income tax	1	4	27	43	32	99	−202	−1	−2	−0	0	−0	0	3	78	161	24	−154
Net income	3	7	41	72	53	164	−975	−293	−9	144	−76	−906	6	773	923	520	39	−486
Diluted EPS	$0.08	$0.14	$6.50	$11.50	$8.50	$26.90	−$160.80	−$48.00	−$1.50	$6.07	−$2.00	−$21.55	−$0.13	$8.92	$10.03	$5.14	$0.39	−$4.81
Diluted shares (average)	37m	51m	62m	63m	63m	61m	61m	61m	62m	24m	39m	43m	63m	87m	92m	101m	99m	101m
EBITDA	4	12	68	130	118	305	−1,119	−229	61	433	—	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Northern OIL & GAS, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	754	515	602	707	557	610	5	745
Cost of revenue	107	117	114	121	118	120	130	127
Gross profit	647	398	488	585	438	490	−125	618
General and administrative	10	16	14	16	14	17	23	25
Operating income	434	133	229	176	−126	−34	−655	353
Interest expense	37	45	43	44	43	41	43	41
Income before tax	397	88	186	132	−169	−86	−696	311
Income tax	99	16	47	32	−40	−15	−173	74
Net income	298	72	139	100	−129	−71	−523	237
Diluted EPS	$2.96	$0.72	$1.39	$1.00	−$1.33	−$0.71	−$5.31	$2.19

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.