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Northern Oil & Gas Inc
🇺🇸 NOG · NYSE/NASDAQ · US6655313079
Energy
Price at analysis: USD 25.91 Current price: USD 25.87 * updated every night
Scores
Key Metrics
Powered by EODHDP/E (TTM)
N/A
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
TTM period through: 2026-06-30
Why N/A?
EPS (TTM) = -5.16 (negative or zero)
Cannot calculate P/E with negative earnings.
Forward P/E (estimated): 6.8
Based on analyst estimates
Reference: Provider P/E (Forward): 6.8
Net Debt/EBITDA (TTM)
8.3x
Latest quarter: 4.9x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2026-06-30
Latest quarter (2026-06-30): 4.9x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
-22.1%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
16.9x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
9.26%
TTM: 6.92%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 9.26%
Trailing Yield (TTM, last 12 months): 6.92%
Payout Ratio (Fwd)
447.4% TTM
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (TTM): 447.4%
Cash Flow Payout (TTM): 13.0%
FCF Coverage (TTM): -4.67x
Growth Streak
3 yrs
Consec. increases
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Quarterly | — | 29 Jun 2027 | — | USD | 0.45 |
| Forecast* | Quarterly | — | 30 Mar 2027 | — | USD | 0.45 |
| Forecast* | Quarterly | — | 30 Dec 2026 | — | USD | 0.45 |
| Declared | Quarterly | 04 Aug 2026 | 29 Sep 2026 | 30 Oct 2026 | USD | 0.45 |
| Paid | Quarterly | 13 May 2026 | 29 Jun 2026 | 31 Jul 2026 | USD | 0.45 |
| Paid | Quarterly | 24 Feb 2026 | 30 Mar 2026 | 30 Apr 2026 | USD | 0.45 |
| Paid | Quarterly | 05 Nov 2025 | 30 Dec 2025 | 30 Jan 2026 | USD | 0.45 |
| Paid | Quarterly | 01 Aug 2025 | 29 Sep 2025 | 31 Oct 2025 | USD | 0.45 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
² Type not provided by EODHD — inferred from historical payment data.
Summary
NOG offers a compelling 6.92% yield and an optically distressed valuation that is largely the result of temporary, non-cash accounting impairments. However, its current negative free cash flow, very short 4-year dividend history, and cyclical commodity exposure make it too speculative for core dividend-growth portfolios. Not recommended for new positions.
Sector Context
Northern Oil & Gas operates as a pure-play, non-operated upstream exploration and production company. While its low-overhead model is highly efficient, the E&P sector is inherently cyclical and lacks the stable, predictable revenue streams typically required for long-term dividend growth investing.
Temporary Opportunity Identified
Massive GAAP net losses in recent quarters are almost entirely driven by non-cash 'ceiling test' impairments and mark-to-market derivative losses caused by volatile oil prices, masking strong underlying production growth and positive operating cash flow.
📊 Strategy Analysis
- • Deeply discounted valuation with a forward P/E of 6.79x, driven by non-cash accounting impairments rather than operational failure.
- • Aggressive capital return program generating a 10.74% total shareholder yield (6.92% TTM dividend yield + 3.82% net buyback yield).
- • Unique non-operated 'Ground Game' business model structurally insulates the company from field-level G&A inflation and direct regulatory compliance costs.
⚠ What to Watch
- • Free Cash Flow is currently negative (-$58.1M), meaning capital expenditures and acquisitions are outstripping operating cash flow, straining true dividend coverage.
- • Extremely short 4-year dividend track record coupled with pure-play exposure to cyclical commodity prices, which fundamentally misaligns with DGI stability needs.
- • Exposed to severe long-term structural risks, including the potential legislative elimination of critical upstream tax incentives (IDC deductions) and federal land drilling restrictions.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-08-29
Disclaimer: This information is for educational purposes only. Not financial advice.