Short answer
NORTHERN OIL & GAS, INC. (NOG) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $557M (down 26.1% year over year) with net income of −$129M.
Q3 2025 key financials · XBRL
- Revenue
- $557M
- −26.1% YoY · −21.2% QoQ
- Net income
- −$129M
- −143.2% YoY · −229.6% QoQ
- Operating margin
- -22.6%
- EPS (diluted)
- −$1.29
- −143.7% YoY · −229.0% QoQ
Source: XBRL data from the NORTHERN OIL & GAS, INC. (NOG) Q3 2025 10-Q on SEC EDGAR. USD.
NORTHERN OIL & GAS, INC. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 production 131,054 Boe/day, up 8% YoY, with oil comprising 55%
- Best basin Permian, 43% of total Boe production, vs Williston 31% and Appalachian 18%
- Worst commodity trend oil NYMEX $64.97/Bbl vs $75.27/Bbl YoY
- Ceiling-test impairment $318.7M in Q3 vs none YoY
- Headwinds: lower oil prices, tariffs, slowing growth, OPEC supply increases and potential future impairment
Risk Factors
- No material risk-factor changes from the December 31, 2024 Form 10-K
- Carried-forward regulatory and compliance risks unchanged from the latest 10-K
- Carried-forward operational and commodity-market risks unchanged from the latest 10-K
- Carried-forward liquidity, debt, and financing risks unchanged from the latest 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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