Northern Oil and Gas, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $745.2M | $5.0M | $610.2M | $556.6M | $706.8M | $602.1M | $515.0M | $753.6M |
| Cost of Revenue | $127.1M | $129.7M | $119.9M | $118.3M | $121.4M | $114.0M | $116.6M | $106.9M |
| Gross Profit | $618.1M | $-124.7M | $490.3M | $438.3M | $585.4M | $488.1M | $398.4M | $646.7M |
| Gross Margin | 82.9% | -2,480.0% | 80.4% | 78.7% | 82.8% | 81.1% | 77.4% | 85.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $24.5M | $23.2M | $17.1M | $14.1M | $15.6M | $14.5M | $15.5M | $10.0M |
| Operating Income | $352.5M | $-654.9M | $-33.8M | $-125.8M | $176.2M | $229.3M | $132.6M | $433.9M |
| Operating Margin | 47.3% | -13,022.1% | -5.5% | -22.6% | 24.9% | 38.1% | 25.8% | 57.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $310.6M | $-695.9M | $-86.1M | $-168.8M | $131.8M | $185.8M | $87.8M | $397.2M |
| Income Tax Expense | $74.0M | $-173.1M | $-15.3M | $-39.7M | $32.2M | $46.8M | $16.1M | $98.8M |
| Net Income | $236.6M | $-522.8M | $-70.7M | $-129.1M | $99.6M | $139.0M | $71.7M | $298.4M |
| Net Margin | 31.8% | -10,396.6% | -11.6% | -23.2% | 14.1% | 23.1% | 13.9% | 39.6% |
| EPS (Basic) | $2.24 | $-5.31 | $-0.70 | $-1.33 | $1.02 | $1.41 | $0.71 | $3.00 |
| EPS (Diluted) | $2.19 | $-5.31 | $-0.67 | $-1.33 | $1.00 | $1.39 | $0.71 | $2.96 |
| Shares Outstanding (Basic) | 105.9M | 98.5M | 97.7M | 97.1M | 98.1M | 98.6M | 99.9M | 99.5M |
| Shares Outstanding (Diluted) | 108.1M | 98.5M | 99.3M | 97.1M | 99.4M | 100.0M | 101.3M | 100.7M |
| Dividends Per Share | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.42 | $0.42 |