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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Q1.26
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 | $312.6M | $22.3M | +7.69% | +51.23% |
| Q3 2025 | 2025-09-30 | $422.9M | $37.2M | +9.63% | +75.97% |
| 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 | — | — | +131.53% |
| Q3 2011 | 2011-09-30 | $13.8M | $2.7M | +23.93% | +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 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.
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