Filing Flows › Northern Oil & Gas (NOG) › Q2 2026 › vs Q2 2025
Northern Oil & Gas (NOG) Q2 2026 vs Q2 2025 (year over year)
Northern Oil & Gas's revenue rose $38.4M (+5%) from $707M in Q2 2025 to $745M in Q2 2026. Operating margin 47.3% against 24.9% (+22.4 pts).
Northern Oil & Gas, Q2 2026: revenue $745M (+5% year over year), operating margin 47.3%, net earnings $237M, operating cash flow $322M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 47.3% | 24.9% | +22.4 pts |
| Net margin | 31.8% | 14.1% | +17.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $745M | $707M | $38.4M | +5% |
| Operating profit | $353M | $176M | $176M | +100% |
| Costs & expenses | $393M | $531M | −$138M | -26% |
| Pre-tax earnings | $311M | $132M | $179M | +136% |
| Other expense, net | $41.9M | $44.4M | −$2.4M | -6% |
| Cost of revenue | $127M | $121M | $5.7M | +5% |
| General & admin | $24.5M | $15.6M | $8.9M | +57% |
| Other operating costs | $241M | $394M | −$153M | -39% |
| Net earnings | $237M | $99.6M | $137M | +138% |
| Income tax | $74.0M | $32.2M | $41.8M | +130% |
| Share-based compensation | $4.4M | $3.8M | $633K | +17% |
| Working capital & other | $80.6M | $259M | −$178M | -69% |
| Operating cash flow | $322M | $362M | −$40.5M | -11% |
Questions
How much did Northern Oil & Gas's revenue grow year over year in Q2 2026?
Northern Oil & Gas's revenue rose $38.4M (+5%) from $707M in Q2 2025 to $745M in Q2 2026. Operating margin 47.3% against 24.9% (+22.4 pts).