Northern Oil & Gas price to free cash flow NOG
Market value divided by free cash flow over the last twelve months, since 2012.
- Today, Oct 23, 2026
- n/m
- a quarter missing
- 10-year median
- 4.0×
- 10-year range
- 0.7× to 82.2×
- Peer median
- 10.3×
Northern Oil & Gas' price to free cash flow can't be checked today: its free cash flow for Q2 FY26, the quarter to Jun 30, 2026, is missing from our data, so the twelve months it rests on can't be added up.
On the days it had one over the last ten years, its median was 4.0×, from 0.7× in Nov 2020 to 82.2× in Nov 2018.
Price to free cash flow over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 2.2× | 1.3× | 2.2× |
| 2025 | 1.4× | 1.4× | 2.9× |
| 2024 | 2.5× | 2.4× | 3.7× |
| 2023 | 3.3× | 2.4× | 3.5× |
| 2022 | 3.1× | 3.1× | 5.9× |
| 2021 | 4.1× | 1.4× | 5.8× |
| 2020 | 1.2× | 0.7× | 24.3× |
| 2019 | 24.7× | 17.7× | 80.8× |
| 2018 | 66.3× | 13.4× | 82.2× |
| 2017 | 19.7× | 10.9× | 22.1× |
| 2016 | 10.2× | 5.8× | 14.1× |
| 2015 | 10.1× | 9.9× | 20.3× |
| 2014 | 14.0× | 12.0× | 43.7× |
| 2013 | 40.7× | 35.2× | 64.4× |
| 2012 | 59.8× | 53.5× | 91.6× |
Against its peers
Companies in Oil & Gas Exploration & Production nearest Northern Oil & Gas' size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| NOGNorthern Oil & Gas | n/m |
| GPORGulfport Energy | 11.8× |
| BSMBlack Stone Minerals | 15.5× |
| PARRPAR Pacific | 9.4× |
| HESMHess Midstream | 4.7× |
| BKVBKV | n/m |
| CRKComstock Resources | n/m |
| KRPKimbell Royalty Partners | n/m |
| MNRMach Natural Resources | 2.8× |
| CNXCNX Resources | 10.3× |
| LBLandBridge Co LLC | 40.3× |
| Peer median | 10.3× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on Northern Oil & Gas
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.