NOG NYSE
Northern Oil and Gas, Inc.
1W: +2.7%
1M: +24.7%
3M: +43.6%
YTD: +29.4%
1Y: +28.4%
3Y: -22.4%
5Y: +36.0%
$28.15
-0.33 (-1.16%)
After Hours: $28.05 (-0.09, -0.34%)
Weekly Expected Move ±4.6%
$26
$27
$28
$30
$31
Credit Risk of going bust: higher than 67% of companies Debt: 47.3% of company value Bonds: $254.6M held by 225 funds, 325 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.86 (down 93%), Northern Oil and Gas, Inc. would be worth roughly what it owes.
Total debt $2.72B against a stock market value of $3.03B.
Distance to default 3.62 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.36B (short-term plus half of long-term), stock volatility 45.4%; Altman Z'' -0.03. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.86 (down 93%), Northern Oil and Gas, Inc. would be worth roughly what it owes.
Total debt $2.72B against a stock market value of $3.03B.
Distance to default 3.62 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.36B (short-term plus half of long-term), stock volatility 45.4%; Altman Z'' -0.03. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$5.4B
-3.5% ▼
5Y CAGR: +44.1%
Total Liabilities
$3.3B
-0.0% ▼
5Y CAGR: +24.5%
Shareholders Equity
$2.1B
-8.4% ▼
Cash & Investments
$14M
+60.1% ▲
5Y CAGR: +58.5%
Total Debt
$2.4B
+1.1% ▲
5Y CAGR: +20.4%
Net Debt
$2.4B
+0.9% ▲
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $10M | $3M | $8M | $9M | $14M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $10M | $3M | $8M | $9M | $14M |
| Net Receivables | $194M | $272M | $374M | $428M | $350M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $6M | $37M | $78M | $52M | $222M |
| Total Current Assets | $215M | $320M | $509M | $501M | $586M |
| Property, Plant & Equip. | $1.3B | $2.5B | $3.9B | $5.1B | $3M |
| Goodwill & Intangibles | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $16M | $0 | $10M | $3M |
| Other Non-Current Assets | $54M | $56M | $43M | $11M | $4.8B |
| Total Non-Current Assets | $1.3B | $2.6B | $4.0B | $5.1B | $4.8B |
| Total Assets | $1.5B | $2.9B | $4.5B | $5.6B | $5.4B |
| — Liabilities — | |||||
| Accounts Payable | $65M | $129M | $193M | $203M | $219M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Deferred Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $136M | $70M | $19M | $25M | $321M |
| Total Current Liabilities | $328M | $345M | $386M | $544M | $539M |
| Long-Term Debt | $803M | $1.5B | $1.8B | $2.4B | $2.4B |
| Other Non-Current Liab. | $177M | $260M | $147M | $142M | $101M |
| Total Non-Current Liabilities | $980M | $1.8B | $2.1B | $2.7B | $2.7B |
| Total Liabilities | $1.3B | $2.1B | $2.4B | $3.3B | $3.3B |
| — Equity — | |||||
| Common Stock | $479K | $487K | $503K | $501K | $499K |
| Retained Earnings | -$1.8B | -$1.0B | -$78M | $443M | $481M |
| Accumulated OCI | $0 | $0 | $0 | $0 | $0 |
| Total Stockholders Equity | $215M | $745M | $2.0B | $2.3B | $2.1B |
| Total Liabilities & Equity | $1.5B | $2.9B | $4.5B | $5.6B | $5.4B |
| — Key Metrics — | |||||
| Total Debt | $803M | $1.5B | $1.8B | $2.4B | $2.4B |
| Net Debt | $794M | $1.5B | $1.8B | $2.4B | $2.4B |
| Total Investments | $0 | $16M | $0 | $10M | $3M |