NOG at a glance
NORTHERN OIL & GAS, INC. (NOG, SEC CIK 1104485) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 26, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NORTHERN OIL & GAS, INC. (NOG) reported revenue of $2.5 billion (up 11.2% from FY2024) and net income of $38.8 million. Diluted EPS was $0.39.
- As of June 30, 2026, 29 institutional investment managers tracked by SignalX reported holding NORTHERN OIL & GAS, INC. (NOG) shares worth $1.1 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.5B
- +11.2% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 29 funds
- $1.1B · +0 vs prior quarter
- Latest 8-K
- Aug 26, 2026
- Item 1.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Oil and gas exploration and production leveraging exceptions from Investment Company Act regulation
- Emphasis on regulatory risk tied to potential loss of ICA exemption, which could limit operations and increase compliance costs
- Board authorized to issue up to 270 million common shares; 97.3 million outstanding as of Dec 31, 2025, raising dilution concerns
- No new products or segments introduced; focus on equity issuance impacts and control provisions affecting shareholder value
- Noteworthy risk: Delaware law and charter provisions create significant barriers to change of control, potentially deterring beneficial acquisitions
Risk Factors
- Regulatory risk from SEC scrutiny on reserves estimation, including reliance on third-party auditor and internal controls over input data verification
- Macroeconomic risk with U.S. oil supply growth potentially outstripping demand, causing substantial price volatility affecting revenues
- Operational risk tied to accuracy of reserves estimates reviewed by internal and external engineers, impacting reported asset values
- Market disruption risk from price volatility in oil and natural gas due to supply-demand imbalances and seasonal weather conditions
- Financial risk from material adverse effects on cash flows and capital access due to extended oil and gas price declines
Management Discussion & Analysis
- Revenue impacted by production of 135,045 Boe/day in 2025, up 9% YoY from 2024
- Operating cash flow $1.5B, increased 7% YoY
- Oil realized price after derivatives $64.35/Bbl in 2025, down 10% YoY; gas realized price $3.32/Mcf, up 11% YoY
- Impairment expense $702.7M in 2025 vs $0 in 2024, due to lower commodity prices
- Shareholder returns $230.4M: $173.4M dividends (10% increase) and $57.0M buybacks; extended debt maturity to 5.4 years from 3.9 years
- Production segment best performer: oil (53% of production) despite price drop; worst: impairment related losses $702.7M non-cash charge
- Management notes commodity price volatility, OPEC supply increases, and geopolitical tensions as key risks impacting future operations and asset valuations
AI summary of the NOG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 2026 production 145,659 Boe/day, up 9% YoY, with 47% oil
- Oil price differential $3.03/barrel vs $5.31 YoY
- Gas realization $2.64/Mcf, 90% of Henry Hub, vs $2.89/Mcf and 82% YoY
- Q2 ceiling-test impairment $0 vs $115.6M YoY
- Outlook: volatile commodity prices, tariffs, geopolitical tensions, inflation, and potential future impairment risks
Risk Factors
- Newly added international-operations risk triggered by Duvernay Acquisition in Alberta, including Canadian compliance and tax complexities
- Most materially updated currency risk from Canadian-dollar revenues and expenses, exposing results to realized and unrealized exchange losses
- Regulatory risk from Canadian-law compliance and heightened governmental scrutiny following expansion into Canada
- Operational risk from managing expanded geographic operations and integrating recent acquisitions
- Financial risk from U.S.-dollar assets and liabilities held by the Canadian subsidiary, creating foreign-exchange exposure
AI summary of the NOG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- $500 million raised through 7.500% senior notes due September 1, 2034
- Annual interest expense of $37.5 million, payable semi-annually beginning March 1, 2027
Item 8.01: Other Events
- $500 million private offering of senior notes priced at 7.500% interest
- Notes mature in 2034, creating long-term debt obligations
Item EX-99.1: Item EX-99.1
- $500 million senior notes priced at par with 7.500% coupon and 2034 maturity
- Proceeds intended to repay revolving credit borrowings, potentially reducing near-term floating-rate exposure
Item 8.01: Other Events
- Planned $500 million senior notes offering due 2034, subject to market and other conditions
- Private placement limited to eligible purchasers under Securities Act registration exemption
Item EX-99.1: Item EX-99.1
- Proposed $500 million senior notes due 2034, subject to market conditions
- Net proceeds targeted primarily for partial repayment of revolving credit borrowings
AI summaries of NOG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NOG
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- Fund moves. Which tracked funds opened, added or cut NOG, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Akradi Bahram | A | Sep 30, 2026 | 5,026 | - |
| Lasher Stuart G. | A | Sep 30, 2026 | 1,912 | - |
| Kimble William F | A | Sep 30, 2026 | 1,912 | - |
| Meier Lisa | A | Sep 30, 2026 | 1,912 | - |
| Pomerantz Jennifer S. | A | Sep 30, 2026 | 3,005 | - |
| Frantz Michael A | A | Sep 30, 2026 | 1,912 | - |
| Akradi Bahram | A | Jun 30, 2026 | 6,336 | - |
| Meier Lisa | A | Jun 30, 2026 | 2,410 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $2.2B | $2.2B | $2.5B |
| Operating Income | $1.1B | $837.8M | $245.8M |
| Net Income | $923.0M | $520.3M | $38.8M |
| Op. Margin | 51.8% | 37.6% | 9.9% |
| Net Margin | 42.6% | 23.4% | 1.6% |
| Balance Sheet | |||
| Total Assets | - | $5.6B | $5.4B |
| Equity | $2.0B | $2.3B | $2.1B |
| ROE | 45.1% | 22.4% | 1.8% |
| Per Share | |||
| EPS | $10.03 | $5.14 | $0.39 |
| Cash Flow | |||
| Operating CF | $1.2B | $1.4B | $1.5B |
Source: XBRL data in NORTHERN OIL & GAS, INC. (NOG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NOG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 29 | $1.11B |
| Q1 2026 | 29 | $1.84B |
| Q4 2025 | 28 | $1.33B |
| Q3 2025 | 29 | $1.55B |
| Q2 2025 | 29 | $1.75B |
| Q1 2025 | 28 | $1.48B |
| Q4 2024 | 24 | $1.59B |
| Q3 2024 | 22 | $761.2M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 218 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NOG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 8-K | Aug 26, 2026 | - | Analysis | - |
| 8-K | Aug 19, 2026 | - | Analysis | - |
| 8-K | Aug 19, 2026 | - | Analysis | - |
| SC 13G | Aug 7, 2026 | - | - | |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 8-K | Jul 13, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 24, 2026 | - | - | - |
| 8-K | Jun 2, 2026 | - | Analysis | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 8-K | May 26, 2026 | - | Analysis | |
| 8-K | May 26, 2026 | - | Analysis | |
| SC 13G | Apr 30, 2026 | - | - |
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NOG SEC filings: frequently asked questions
Which institutions hold NOG stock?
As of June 30, 2026, the largest NORTHERN OIL & GAS, INC. (NOG) holders among the 13F filers tracked by SignalX were BlackRock ($291.2 million), State Street Corp ($133.5 million), Vanguard Portfolio Management LLC ($124.5 million), Invesco Ltd ($109.0 million), Vanguard Capital Management LLC ($83.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NOG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NORTHERN OIL & GAS, INC. (NOG) reported revenue of $2.5 billion (up 11.2% from FY2024) and net income of $38.8 million. Diluted EPS was $0.39. The figures come from the XBRL data in the 10-K.
What are the main risks in NOG's latest 10-K?
In the 10-K filed February 26, 2026, NORTHERN OIL & GAS, INC. (NOG) flagged: Regulatory risk from SEC scrutiny on reserves estimation, including reliance on third-party auditor and internal controls over input data verification. Macroeconomic risk with U.S. oil supply growth potentially outstripping demand, causing substantial price volatility affecting revenues. (AI summary of the Risk Factors section.)
What did NOG report in its latest 8-K?
NORTHERN OIL & GAS, INC. (NOG) filed an 8-K on August 26, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $500 million raised through 7.500% senior notes due September 1, 2034.
What are the latest NOG SEC filings?
NORTHERN OIL & GAS, INC. (NOG) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 26, 2026 and a Form 4 insider filing on October 5, 2026.
What is NOG's SEC CIK number?
NORTHERN OIL & GAS, INC. (NOG)'s SEC Central Index Key (CIK) is 1104485. EDGAR lists every NOG filing under that number.
Ask anything about NOG
The research agent reads NOG's filings, financials, insider trades and 13F holders, then answers with sources.