Northern Oil and Gas, Inc. (NOG)

Northern Oil & Gas, Inc. (NOG) has experienced a significant stock price decline of 43.14% between January 2, 2025, and December 31, 2025, with a one-year change of -45.20% and a 52-week range between $19.88 and $42.35. In Q3 2025, NOG announced its results on November 6, 2025, reporting a GAAP net loss of $129.1 million due to a non-cash impairment charge, but maintained positive free cash flow and raised its 2025 annual production guidance. On December 8, 2025, NOG announced a $1.2 billion joint acquisition with Infinity Natural Resources to acquire premier Utica upstream assets. On November 22, 2023, NOG announced two strategic acquisitions of non-operated interests in the Northern Delaware and Appalachian basins for $170 million. On November 6, 2025, NOG repriced and extended its revolving credit facility, and on November 5, 2025, the company declared a quarterly cash dividend.

Demand for Northern Oil & Gas, Inc.'s products, crude oil and natural gas, is subject to seasonal fluctuations. Natural gas demand typically surges in the winter months due to increased need for heating, while crude oil demand often rises in the summer months due to increased travel. These seasonal shifts can create temporary supply and demand imbalances, influencing commodity prices and NOG's realized prices and production volumes.

Northern Oil & Gas, Inc. (NOG) is an independent energy company focused on acquiring and investing in non-operated minority working and mineral interests in crude oil and natural gas properties across the contiguous United States. The company operates within the Energy sector, specifically in the Oil & Gas Exploration and Production industry. NOG's business model centers on participating alongside third-party operators in wells, allowing it to generate free cash flow and return capital to shareholders through a disciplined approach to acquisitions and a low-cost operational model. Its major products are crude oil and natural gas.

Northern Oil & Gas, Inc. concentrates its operations and investments primarily in premier unconventional oil and gas basins within the United States. Its portfolio of approximately 300,000 acres is distributed across the Williston Basin, the Permian Basin, the Appalachian Basin, and the Uinta Basin. While NOG does not have international offices or direct global operational footprints, its activities are influenced by global energy markets and commodity prices.

Northern Oil & Gas, Inc. demonstrates a commitment to responsible practices through its ESG initiatives, publishing annual ESG Reports aligned with SASB standards. Highlights from the 2024 report include the publication of a formal ESG Policy, implementation of an ESG Risk and Control Matrix, and a GHG Inventory Management Plan. The company also transformed its corporate philanthropy program into a Community Investment program and has an ESG Task Force responsible for proposing, implementing, and monitoring adherence to ESG standards. The company actively seeks out operators who adhere to high ESG and regulatory standards. There is no specific public information in the past year indicating major negative events that have significantly impacted NOG's brand reputation.

Northern Oil & Gas, Inc. (NOG) is overwhelmingly dominated by institutional investors, who hold over 98% of the outstanding shares. As of September 30, 2025, NOG had 720 institutional owners and shareholders holding a total of 145,055,194 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Fmr Llc (Fidelity Management & Research), American Century Companies Inc, State Street Corp, Dimensional Fund Advisors Lp, Invesco Ltd., and Alliancebernstein L.p. Individual ownership accounts for approximately 2.98% of the company, and insiders own around 17.75%.