Filing Flows › Northern Oil & Gas (NOG) › Q1 2026
Northern Oil & Gas (NOG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Northern Oil & Gas (NOG) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), -99% from a year earlier and -99% from the quarter before.
Northern Oil & Gas, Q1 2026: revenue $5.0M (-99% year over year), net loss $523M, operating cash flow $324M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | -99% | -99% |
| Operating profit | −$655M | — | -386% |
| Net earnings | −$523M | — | -476% |
| Operating cash flow | $324M | +4% | -21% |
| Free cash flow | $30.4M | — | -78% |
What changed
Revenue was $5.0M in Q1 2026, down 99% year over year and down 99% from the previous quarter.
Operating costs exceeded revenue by $654.9M, an operating margin of -13022.1%. Total costs grew 77% against a revenue fall of 99%. The fastest-growing cost line was Other operating costs (+108%). The quarter ended with a net loss of $522.8M, wider than the previous quarter's $70.7M loss.
Operating cash flow was $323.6M (down 21% year over year). Non-cash charges added back $3.7M of share-based compensation. Working capital and other items added $842.8M. After capital Expenditures ($266.8M) and exclude: Changes in Working Capital and Other Items ($26.4M), free cash flow as the company reports it was $30.4M.
Questions
What was Northern Oil & Gas' revenue in the first quarter 2026?
Northern Oil & Gas (NOG) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), -99% from a year earlier and -99% from the quarter before.
Source: Northern Oil & Gas 10-Q on SEC EDGAR.