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Northern Oil & Gas vs Atlas Energy Solutions: NOG and AESI compared
Northern Oil & Gas is the larger company: $346M of revenue in its latest quarter (Q3 2026) against $268M for Atlas Energy Solutions (Q3 2026). Atlas Energy Solutions is growing faster (+3% against -38% a year earlier). Atlas Energy Solutions is more profitable, with an operating margin of -14.9% against -22.2%.
Where the money goes: NOG and AESI
Northern Oil & Gas (NOG) · Q3 2026
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.
Atlas Energy Solutions (AESI) · Q3 2026
Atlas Energy Solutions, Q3 2026: revenue $268M (+3% year over year), operating margin -14.9%, net loss $45.1M, operating cash flow $23.4M. The chart follows the revenue to costs, profit and cash.
| Northern Oil & Gas (NOG) | Atlas Energy Solutions (AESI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $346M | $268M |
| Revenue growth, Y/Y | -38% | +3% |
| Operating margin | -22.2% | -14.9% |
| Net earnings | −$112M | −$45.1M |
| Net margin | -32.3% | -16.8% |
| Operating cash flow | $398M | $23.4M |
| Free cash flow | $149M | — |
| Market value | $2.4B | $1.5B |
| Analysts’ mean target | $30.56 | $16.92 |
Where the revenue comes from
Atlas Energy Solutions
- Service: $141M (53%)
- Product: $97.9M (37%)
- Rental Revenue: $29.1M (11%)
Questions
Which is bigger, Northern Oil & Gas or Atlas Energy Solutions?
Northern Oil & Gas is the larger company: $346M of revenue in its latest quarter (Q3 2026) against $268M for Atlas Energy Solutions (Q3 2026).
Is Northern Oil & Gas or Atlas Energy Solutions growing faster?
Atlas Energy Solutions is growing faster (+3% against -38% a year earlier).
Which is more profitable, Northern Oil & Gas or Atlas Energy Solutions?
Atlas Energy Solutions is more profitable, with an operating margin of -14.9% against -22.2%.
More: Northern Oil & Gas earnings · how Northern Oil & Gas makes money · Atlas Energy Solutions earnings · how Atlas Energy Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.