Northern Oil and Gas, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $236.6M | $-522.8M | $-70.7M | $-129.1M | $99.6M | $139.0M | $71.7M | $298.4M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $4.4M | $3.7M | $3.9M | $4.1M | $3.8M | $3.6M | $3.6M | $3.1M |
| Net Cash from Operating Activities | $321.6M | $323.6M | $312.6M | $423.1M | $362.1M | $407.4M | $290.3M | $385.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $55.0K | $40.0K | $238.0K | $-106.0K | $587.0K | $15.0K | $37.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-379.8M | $-634.7M | $-308.1M | $-352.6M | $-327.3M | $-264.6M | $-662.6M | $-381.9M |
| Financing Activities | ||||||||
| Dividends Paid | $47.4M | $44.5M | $43.7M | $43.7M | $44.3M | $41.7M | $41.8M | $39.9M |
| Stock Repurchases | $50.0M | $0 | $7.0M | $0 | $35.0M | $15.0M | $25.2M | $14.5M |
| Net Cash from Financing Activities | $74.2M | $333.8M | $-21.9M | $-64.8M | $-42.6M | $-118.2M | $346.9M | $22.7M |
| Net Change in Cash | $10.6M | $22.7M | $-17.3M | $5.8M | $-7.7M | $24.6M | $-25.4M | $26.6M |
| Free Cash Flow | — | $323.6M | $312.6M | $422.9M | $362.2M | $406.8M | $290.3M | $385.7M |