Northern Oil & Gas annual free cash flow
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2025
Northern Oil & Gas Free Cash Flow (FCF) History (NOG)
Northern Oil & Gas reported $1.50B in free cash flow for fiscal 2025, an increase of 6.82% from the previous fiscal year, with a free cash flow margin of 60.77%.
View full Northern Oil & Gas company overviewNorthern Oil & Gas free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.50B | $96.0M | +6.82% | +60.77% |
| 2024 | 2024-12-31 | $1.41B | $226.4M | +19.15% | +63.28% |
| 2023 | 2023-12-31 | $1.18B | $258.3M | +27.96% | +54.57% |
| 2022 | 2022-12-31 | $923.8M | $527.9M | +133.35% | +46.52% |
| 2021 | 2021-12-31 | $395.9M | $64.5M | +19.47% | +40.60% |
| 2020 | 2020-12-31 | $331.4M | −$7.2M | −2.13% | +102.26% |
| 2019 | 2019-12-31 | $338.6M | $94.4M | +38.67% | +71.67% |
| 2018 | 2018-12-31 | $244.2M | $171.2M | +234.66% | +35.97% |
| 2017 | 2017-12-31 | $73.0M | −$28.7M | −28.24% | +34.86% |
| 2016 | 2016-12-31 | $101.7M | −$145.2M | −58.82% | +70.17% |
| 2015 | 2015-12-31 | $246.9M | −$27.2M | −9.91% | +89.77% |
| 2014 | 2014-12-31 | $274.1M | $51.7M | +23.25% | +46.06% |
| 2013 | 2013-12-31 | $222.4M | $24.1M | +12.16% | +66.23% |
| 2012 | 2012-12-31 | $198.3M | $113.6M | +134.09% | +63.64% |
| 2011 | 2011-12-31 | $84.7M | $13.4M | +18.85% | +56.70% |
| 2010 | 2010-12-31 | $71.3M | $61.5M | +628.59% | +159.94% |
| 2009 | 2009-12-31 | $9.8M | — | — | +68.78% |
Northern Oil & Gas quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$58.2M | −$420.2M | — | −7.81% |
| Q1 2026 | 2026-03-31 | $323.6M | −$83.3M | −20.47% | +6433.88% |
| Q4 2025 | 2025-12-31 | −$49.5M | −$339.8M | — | −8.12% |
| Q3 2025 | 2025-09-30 | $785.0M | $399.3M | +103.51% | +141.02% |
| Q2 2025 | 2025-06-30 | $362.0M | $21.6M | +6.33% | +51.22% |
| Q1 2025 | 2025-03-31 | $406.8M | $14.7M | +3.76% | +67.57% |
| Q4 2024 | 2024-12-31 | $290.3M | −$51.5M | −15.06% | +56.36% |
| Q3 2024 | 2024-09-30 | $385.7M | $121.9M | +46.22% | +51.18% |
| Q2 2024 | 2024-06-30 | $340.5M | $32.9M | +10.71% | +60.71% |
| Q1 2024 | 2024-03-31 | $392.1M | $123.0M | +45.72% | +98.93% |
| Q4 2023 | 2023-12-31 | $341.7M | $54.3M | +18.91% | +43.06% |
| Q3 2023 | 2023-09-30 | $263.8M | −$12.9M | −4.67% | +84.02% |
| Q2 2023 | 2023-06-30 | $307.5M | $101.7M | +49.43% | +64.53% |
| Q1 2023 | 2023-03-31 | $269.1M | $115.2M | +74.81% | +46.21% |
| Q4 2022 | 2022-12-31 | $287.4M | $154.5M | +116.26% | +64.49% |
| Q3 2022 | 2022-09-30 | $276.7M | $182.6M | +194.01% | +51.82% |
| Q2 2022 | 2022-06-30 | $205.8M | $99.6M | +93.81% | +37.44% |
| Q1 2022 | 2022-03-31 | $153.9M | $91.2M | +145.42% | +33.72% |
| Q4 2021 | 2021-12-31 | $132.9M | $60.1M | +82.54% | +39.98% |
| Q3 2021 | 2021-09-30 | $94.1M | $37.8M | +67.00% | +36.25% |
| Q2 2021 | 2021-06-30 | $106.2M | $4.6M | +4.54% | +47.04% |
| Q1 2021 | 2021-03-31 | $62.7M | −$37.9M | −37.69% | +39.86% |
| Q4 2020 | 2020-12-31 | $72.8M | $2.5M | +3.60% | — |
| Q3 2020 | 2020-09-30 | $56.4M | −$14.3M | −20.21% | +119.10% |
| Q2 2020 | 2020-06-30 | $101.6M | $2.8M | +2.83% | +491.57% |
| Q1 2020 | 2020-03-31 | $100.7M | $1.8M | +1.77% | +19.86% |
| Q4 2019 | 2019-12-31 | $70.3M | −$47.6M | −40.37% | +119.08% |
| Q3 2019 | 2019-09-30 | $70.6M | $7.9M | +12.54% | +30.20% |
| Q2 2019 | 2019-06-30 | $98.8M | $80.7M | +446.81% | +52.99% |
| Q1 2019 | 2019-03-31 | $98.9M | $53.4M | +117.37% | — |
| Q4 2018 | 2018-12-31 | $117.8M | $110.5M | +1495.53% | +26.59% |
| Q3 2018 | 2018-09-30 | $62.8M | $26.9M | +75.16% | +61.37% |
| Q2 2018 | 2018-06-30 | $18.1M | $18.0M | +65707.02% | +27.03% |
| Q1 2018 | 2018-03-31 | $45.5M | $15.8M | +53.11% | +68.30% |
| Q4 2017 | 2017-12-31 | $7.4M | $3.4M | +83.88% | +19.96% |
| Q3 2017 | 2017-09-30 | $35.8M | −$3.3M | −8.44% | +86.14% |
| Q2 2017 | 2017-06-30 | $27,453 | −$3.3M | −99.17% | +0.04% |
| Q1 2017 | 2017-03-31 | $29.7M | −$25.5M | −46.18% | +45.15% |
| Q4 2016 | 2016-12-31 | $4.0M | −$68.1M | −94.43% | +11.17% |
| Q3 2016 | 2016-09-30 | $39.1M | −$24.0M | −37.99% | +86.76% |
| Q2 2016 | 2016-06-30 | $3.3M | −$41.5M | −92.62% | +10.34% |
| Q1 2016 | 2016-03-31 | $55.2M | −$11.7M | −17.43% | +173.43% |
| Q4 2015 | 2015-12-31 | $72.1M | $7.3M | +11.31% | +126.73% |
| Q3 2015 | 2015-09-30 | $63.1M | −$17.3M | −21.56% | +62.40% |
| Q2 2015 | 2015-06-30 | $44.8M | −$11.3M | −20.10% | +109.67% |
| Q1 2015 | 2015-03-31 | $66.9M | −$5.9M | −8.07% | +87.84% |
| Q4 2014 | 2014-12-31 | $64.8M | $11.1M | +20.62% | +25.16% |
| Q3 2014 | 2014-09-30 | $80.5M | $22.1M | +37.98% | +44.51% |
| Q2 2014 | 2014-06-30 | $56.1M | $2.0M | +3.75% | +75.19% |
| Q1 2014 | 2014-03-31 | $72.7M | $16.5M | +29.23% | +88.56% |
| Q4 2013 | 2013-12-31 | $53.7M | −$8.0M | −13.01% | +52.70% |
| Q3 2013 | 2013-09-30 | $58.3M | $7.2M | +14.07% | +83.57% |
| Q2 2013 | 2013-06-30 | $54.1M | $7.2M | +15.26% | +56.22% |
| Q1 2013 | 2013-03-31 | $56.3M | $17.8M | +46.26% | +82.89% |
| Q4 2012 | 2012-12-31 | $61.8M | $26.3M | +74.00% | +75.55% |
| Q3 2012 | 2012-09-30 | $51.1M | $37.3M | +270.89% | +85.07% |
| Q2 2012 | 2012-06-30 | $46.9M | $4.3M | +10.10% | +39.35% |
| Q1 2012 | 2012-03-31 | $38.5M | $45.7M | — | +76.17% |
| Q4 2011 | 2011-12-31 | $35.5M | $24.4M | +219.11% | +131.53% |
| Q3 2011 | 2011-09-30 | $13.8M | — | — | +19.96% |
| Q2 2011 | 2011-06-30 | $42.6M | — | — | +83.82% |
| Q1 2011 | 2011-03-31 | −$7.2M | — | — | −284.21% |
| Q3 2010 | 2010-09-30 | $11.1M | — | — | +112.53% |
Northern Oil & Gas free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $331.4M to $1.50B, a compound annual growth rate of 35.34%. Northern Oil & Gas's latest reported quarter, Q2 2026, generated −$58.2M in free cash flow, a decrease of $420.2M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Northern Oil & Gas filings at SEC.gov ↗