Filing Flows › Northern Oil & Gas (NOG) › Q3 2026
Northern Oil & Gas (NOG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Northern Oil & Gas (NOG) reported revenue of $346M for the third quarter 2026 (Q3 2026), -38% from a year earlier and -54% from the quarter before. Operating margin was -22.2%, net loss $112M (32.3% of revenue).
Northern Oil & Gas, Q3 2026: revenue $346M (-38% year over year), operating margin -22.2%, net loss $112M, operating cash flow $398M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $346M | -54% | -38% |
| Operating profit | −$76.9M | -122% | — |
| Net earnings | −$112M | -147% | — |
| Operating cash flow | $398M | +24% | -6% |
| Free cash flow | $149M | — | — |
What changed
Revenue was $345.9M in Q3 2026, down 38% year over year and down 54% from the previous quarter.
Operating costs exceeded revenue by $76.9M, an operating margin of -22.2%. Total costs fell 38% while revenue fell 38%. The fastest-growing cost line was General & admin (+28%). The quarter ended with a net loss of $111.8M, after a profit of $236.6M the previous quarter.
Operating cash flow was $397.7M (down 6% year over year). Non-cash charges added back $4.5M of share-based compensation. Working capital and other items added $505.0M. After capital Expenditures, net ($249.1M), free cash flow as the company reports it was $148.6M.
Questions
What was Northern Oil & Gas' revenue in the third quarter 2026?
Northern Oil & Gas (NOG) reported revenue of $346M for the third quarter 2026 (Q3 2026), -38% from a year earlier and -54% from the quarter before.
Was Northern Oil & Gas profitable in the third quarter 2026?
Operating loss was $76.9M (-22.2% of revenue) and net loss $112M.
Source: Northern Oil & Gas 10-Q on SEC EDGAR.