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Northern Oil & Gas Inc
🇺🇸 NOG · NYSE/NASDAQ
Energy
Price at analysis: USD 26.45 Current price: USD 26.02 * 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): 4.6
Based on analyst estimates
Reference: Provider P/E (Forward): 4.6
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
16.0x
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: 6.84%
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): 6.84%
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 Sep 2027 | — | USD | 0.45 |
| 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 |
* 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
Northern Oil & Gas offers a compelling 6.84% yield and an optically distressed valuation driven by temporary, non-cash accounting impairments rather than operational failure. However, its cyclical business model, negative free cash flow, and short dividend history make it too volatile for conservative income strategies. Not recommended for new DGI positions, though deep value investors might capitalize on the temporary accounting distortions.
Sector Context
Northern Oil & Gas operates as a non-operated working interest owner in the Oil & Gas E&P industry. While this insulates them from direct operational and field-level compliance costs, the energy sector is inherently cyclical and structurally incompatible with the predictability required for elite Dividend Growth Investing.
Temporary Opportunity Identified
Recent massive net losses are the result of non-cash impairment charges mandated by full-cost accounting 'ceiling tests' during lower oil price periods, alongside mark-to-market derivative losses. The underlying cash generation remains intact.
📊 Strategy Analysis
- • Distressed forward P/E (analyst estimate) of 4.56x paired with a high 6.84% TTM dividend yield suggests deep market discounting.
- • Severe GAAP losses over the last three quarters are purely driven by non-cash 'ceiling test' impairments and derivative mark-to-market impacts, masking positive operating cash flow of $321.6M.
- • Strong capital return program featuring a 10.58% total shareholder yield, supported by a 3.74% net buyback yield and consecutive dividend raises (up 9.8% for 2025).
⚠ What to Watch
- • Trailing 12-month Free Cash Flow is negative (-$58.19M), putting long-term strain on true dividend sustainability despite a low cash flow payout ratio (13.01%).
- • An extremely short 4-year dividend track record combined with pure-play reliance on highly cyclical commodity prices fundamentally violates core DGI stability requirements.
- • Exposed to ongoing regulatory structural risks, including stricter methane emissions standards and the potential legislative elimination of Intangible Drilling Cost (IDC) tax deductions.
📊 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: 2026-10-17
Disclaimer: This information is for educational purposes only. Not financial advice.