Northern Oil And Gas (NOG) Massive Q1 Loss On US$5m Revenue Tests Bullish Narratives

Simply Wall St.

May 01

Northern Oil and Gas (NOG) reported a challenging Q1 2026, with revenue of US$5.0 million and a basic EPS loss of US$5.31 on net income of US$522.8 million in the red. Over recent quarters the company...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2632650186"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2632650186\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2632650186?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/1032000-choice1-main-header/1585186548616","is_english":true,"pubTime":"2026-05-01 01:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2632650186","market":"nz","top_or_hot":-1,"title":"Northern Oil And Gas (NOG) Massive Q1 Loss On US$5m Revenue Tests Bullish Narratives","media":"Simply Wall St.","content":"<div>\n<p>Northern Oil and Gas (NOG) reported a challenging Q1 2026, with revenue of US$5.0 million and a basic EPS loss of US$5.31 on net income of US$522.8 million in the red. Over recent quarters the company...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-nog/northern-oil-and-gas/news/northern-oil-and-gas-nog-massive-q1-loss-on-us5m-revenue-tes\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Northern Oil And Gas (NOG) Massive Q1 Loss On US$5m Revenue Tests Bullish Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNorthern Oil And Gas (NOG) Massive Q1 Loss On US$5m Revenue Tests Bullish Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-01 01:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/energy/nyse-nog/northern-oil-and-gas/news/northern-oil-and-gas-nog-massive-q1-loss-on-us5m-revenue-tes><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Northern Oil and Gas (NOG) reported a challenging Q1 2026, with revenue of US$5.0 million and a basic EPS loss of US$5.31 on net income of US$522.8 million in the red. Over recent quarters the company...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-nog/northern-oil-and-gas/news/northern-oil-and-gas-nog-massive-q1-loss-on-us5m-revenue-tes\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4112","symbol_name":"金融交易所和数据","start_time":0,"source_url":"https://simplywall.st/stocks/us/energy/nyse-nog/northern-oil-and-gas/news/northern-oil-and-gas-nog-massive-q1-loss-on-us5m-revenue-tes","article_id":"2632650186","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/1032000-choice1-main-header/1585186548616"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/energy/nyse-nog/northern-oil-and-gas/news/northern-oil-and-gas-nog-massive-q1-loss-on-us5m-revenue-tes","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2632650186","pubTimestamp":1777568700,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Northern Oil and Gas (NOG) reported a challenging Q1 2026, with revenue of US$5.0 million and a basic EPS loss of US$5.31 on net income of US$522.8 million in the red. Over recent quarters the company has seen revenue move from US$544.3 million and EPS of US$1.41 in Q1 2025 to US$419.9 million and an EPS loss of US$0.73 in Q4 2025, before this latest step down. This leaves investors focused on how quickly margins can stabilize from here.\nSee our full analysis for Northern Oil and Gas.\nWith...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4112":"金融交易所和数据","BLSG":"2倍做多BLSH ETF-Leverage Shares","BLSX":"Tradr 2X Long BLSH Daily ETF","NOG":"Northern Oil & Gas","BK4213":"石油与天然气的勘探与生产"},"translate_title":"北方石油天然气公司(NOG)第一季度收入大幅亏损500万美元，考验看涨叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NOG":1.98,"BLSX":0.6,"BLSG":0.6},"content_text":"Northern Oil and Gas (NOG) reported a challenging Q1 2026, with revenue of US$5.0 million and a basic EPS loss of US$5.31 on net income of US$522.8 million in the red. Over recent quarters the company has seen revenue move from US$544.3 million and EPS of US$1.41 in Q1 2025 to US$419.9 million and an EPS loss of US$0.73 in Q4 2025, before this latest step down. This leaves investors focused on how quickly margins can stabilize from here. See our full analysis for Northern Oil and Gas. With the headline numbers on the table, the next step is to set these results against the widely followed Northern Oil and Gas narratives to see which stories hold up and which need a rethink. See what the community is saying about Northern Oil and Gas NYSE:NOG Revenue & Expenses Breakdown as at Apr 2026 AdvertisementOver US$520m loss on just US$5m revenue  For Q1 2026, Northern Oil and Gas booked revenue of US$5.0 million against a net income loss of US$522.8 million, following trailing twelve month revenue of US$1.37b and a net loss of US$623.1 million. Bears argue that reliance on acquisitions and concentrated, aging assets could lead to weaker returns and volatile cash flow, and the recent swing from trailing twelve month net income of US$38.8 million to a loss of US$623.1 million, together with interest and dividend coverage flagged as weak, gives that cautious view concrete data to point to.\n     The bearish narrative highlights the risk that higher maintenance capital and operating costs could pressure margins, and the current trailing loss versus prior profitability illustrates how sensitive results can be when conditions turn. Concerns about acquisition driven growth look more credible when a period with quarterly revenue above US$540 million and positive net income is followed by a quarter with only US$5.0 million of revenue and a loss of over US$520 million.    Stay grounded in the numbers when weighing those concerns against your own expectations for the business over the next few years.🐻 Northern Oil and Gas Bear Case Production steady, prices and costs in focus  Q1 2026 total oil equivalent production was 13.347 MMboe with an average production cost of US$12.59 per BOE, compared with Q1 2025 production of 12.146 MMboe at US$12.36 per BOE, while realized hedged oil prices moved from US$66.47 to US$62 per barrel over that period. Supporters of the bullish view point to NOG's concentrated core acreage and wells in process as a foundation for future production growth and margin upside, and the combination of higher Q1 2026 production volumes alongside relatively stable per barrel costs and hedged pricing gives that argument some operational footing even as headline profitability is under pressure.\n     Bullish commentary emphasizes increased drilling efficiency and cost control, and the modest change in average production cost per BOE between 2025 and 2026, alongside steady realized gas prices near US$2.5 to US$3.9, fits with that focus on operating discipline. At the same time, the large current loss means bulls still need future volume and margin gains on this production base to translate into earnings that look very different from the recent trailing twelve month loss of US$623.1 million.    If you want to see how these operational trends feed into the optimistic case many bulls make, you can walk through their full narrative and supporting numbers in one place.🐂 Northern Oil and Gas Bull Case Unprofitable today, but growth and valuation expectations are high  Over the last twelve months, NOG is unprofitable with basic EPS of a US$6.38 loss and a net income loss of US$623.1 million on US$1.37b of revenue, while shares trade around US$27.95 against an analyst price target of US$35.67 and a DCF fair value of about US$94.86. Consensus narrative notes that forecasts for roughly 12.7% annual revenue growth and about 65.8% annual earnings growth, together with the current discount to DCF fair value and analyst target, set up a clear tension with the trailing loss and weak coverage of interest and a 6.44% dividend yield, so any thesis here has to weigh those growth and valuation signals against the reality that recent earnings do not yet cover financing costs or shareholder payouts.\n     Supporters of the balanced view see the gap between the US$27.95 share price, the US$35.67 analyst target and the US$94.86 DCF fair value as a sign the market may be underpricing the forecast growth path. Others will focus more on the fact that, even with that potential upside, the company currently carries a trailing loss and relies on expectations of improved earnings over the next three years to close that gap.    Next Steps To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Northern Oil and Gas on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves. After all of this, does the balance of risks and rewards here feel compelling or concerning to you? Are you ready to test that view against the underlying data and narratives before conditions shift again by weighing up the 3 key rewards and 2 important warning signs See What Else Is Out There Northern Oil and Gas is currently working through large losses, weak interest and dividend coverage, and a sharp gap between recent earnings and expectations. If those pressures make you cautious, you can quickly compare today’s situation with companies that look financially sturdier by checking the solid balance sheet and fundamentals stocks screener (45 results) right now.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Northern Oil and Gas might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}