SuperworthNorthern Oil & Gas free cash flow NOG
Cash from operations less capital spending, by quarter and over the last twelve months, from 2010.
- Last 12 months, to Mar 31, 2026
- $1.4B
- Latest quarter, Q1 FY26
- $323.6M
- −20% on a year earlier
- Fiscal year 2025
- $1.5B
- +7% on the year before
Northern Oil & Gas' free cash flow was $1.4B over the twelve months to Mar 31, 2026, down 0% on a year earlier.
In its latest quarter, Q1 FY26, it was $323.6M, down 20% on the same quarter a year before.
Over the five fiscal years to FY2025 it grew 35% a year on average.
Free cash flow over time
Fiscal year by fiscal year
| Fiscal year | Free cash flow | Change |
|---|---|---|
| FY2025 | $1.5B | +7% |
| FY2024 | $1.4B | +19% |
| FY2023 | $1.2B | +28% |
| FY2022 | $923.8M | +133% |
| FY2021 | $395.9M | +19% |
| FY2020 | $331.4M | −2% |
| FY2019 | $338.6M | +39% |
| FY2018 | $244.2M | +235% |
| FY2017 | $73M | −28% |
| FY2016 | $101.7M | −59% |
| FY2015 | $246.9M | −10% |
| FY2014 | $274.1M | +23% |
| FY2013 | $222.4M | +12% |
| FY2012 | $198.3M | +134% |
| FY2011 | $84.7M | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Free cash flow | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q1 FY26 | $323.6M | −20% | $1.4B | |
| Q4 FY25 | $312.6M | +8% | $1.5B | |
| Q3 FY25 | $422.9M | +10% | $1.5B | |
| Q2 FY25 | $362.2M | +6% | $1.4B | |
| Q1 FY25 | $406.8M | +4% | $1.4B | |
| Q4 FY24 | $290.3M | −15% | $1.4B | |
| Q3 FY24 | $385.7M | +46% | $1.5B | |
| Q2 FY24 | $340.5M | +11% | $1.3B | |
| Q1 FY24 | $392.1M | +46% | $1.3B | |
| Q4 FY23 | $341.7M | +19% | $1.2B | |
| Q3 FY23 | $263.8M | −5% | $1.1B | |
| Q2 FY23 | $307.5M | +49% | $1.1B |
Against its peers
Companies in Oil & Gas Exploration & Production nearest Northern Oil & Gas' size, closest first, today.
| Company | Free cash flow yield |
|---|---|
| NOGNorthern Oil & Gas | n/m |
| GPORGulfport Energy | 8.5% |
| BSMBlack Stone Minerals | 6.5% |
| PARRPAR Pacific | 10.7% |
| HESMHess Midstream | 21.3% |
| BKVBKV | −7.2% |
| CRKComstock Resources | −17.7% |
| KRPKimbell Royalty Partners | n/m |
| MNRMach Natural Resources | 35.4% |
| CNXCNX Resources | 9.7% |
| LBLandBridge Co LLC | 2.5% |
| Peer median | 8.5% |
What the free cash flow tells you
Cash from operations minus capital spending. The cash the company could hand back or reinvest.
Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.
More on Northern Oil & Gas
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.