NOG Northern Oil and Gas, Inc. Common Stock
NYSE · Energy · View on SEC EDGAR ↗ close Oct 5, 2026 10-K/10-Q Aug 7, 2026
$23.93
· of 52w range
· above low
· to high
$17.1852w low
$31.1752w high
Market Cap (MRQ)
$2.55B
P/E (TTM)
-4.7
EPS (TTM)
$-5.12
Revenue (TTM)
$1.92B
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52W Range
$17–$31
Analyst Rating
HOLD
Price Target
$30
P/E
-4.7
ROE
-22.1%
Net Profit Margin
-25.4%
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NOG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$23.93
Market Cap (MRQ)
$2.55B
P/E (TTM)
-4.7
EPS (TTM)
$-5.12
Revenue (TTM)
$1.92B
Div Yield
6.8%
ROE (TTM)
-22.1%
52W Range
$17–$31
NOG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 21, 2020 | 1-for-10 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$2.48B2016-12-31 → 2025-12-31
EPS$0.392016-12-31 → 2025-12-31
Free Cash Flow·2016-12-31 → 2018-12-31
Net margin-25.4%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NOG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -4.75Y avg ≈-17.8 | ≈-17.8 | · | · | |
| P/S (TTM) | 1.35Y avg ≈1.8 | ≈1.8 | 2.0 | Undervalued | |
| P/B (MRQ) | 1.35Y avg ≈3.1 | ≈3.1 | 1.3 | Undervalued | |
| Price / Cash Flow | 1.75Y avg ≈2.8 | ≈2.8 | 4.9 | Undervalued | |
| Price / Tangible Book | 1.25Y avg ≈3.1 | ≈3.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NOG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -24.1%5Y avg ≈33.9% | ≈33.9% | 38.5% | Top tier | |
| EBITDA Margin | 9.9%5Y avg ≈33.9% | ≈33.9% | 50.5% | In line | |
| Pretax Margin (TTM) | -33.4%5Y avg ≈26.0% | ≈26.0% | 33.1% | Top tier | |
| Net Profit Margin (TTM) | -25.4%5Y avg ≈23.6% | ≈23.6% | 25.6% | Top tier | |
| ROA (TTM) | -8.4%5Y avg ≈14.4% | ≈14.4% | 5.5% | Weak | |
| ROE (TTM) | -22.1%5Y avg ≈41.2% | ≈41.2% | 10.3% | Weak | |
| ROIC | 7.1%5Y avg ≈41.3% | ≈41.3% | 7.7% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NOG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 0.85Y avg ≈1.0 | ≈1.0 | 1.0 | Low liquidity | |
| Quick Ratio | 0.75Y avg ≈0.8 | ≈0.8 | 0.4 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | NOG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 11.2%5Y avg ≈51.6% | ≈51.6% | · | · | |
| Revenue CAGR 3Y | 16.4%5Y avg ≈46.3% | ≈46.3% | · | · | |
| Revenue CAGR 5Y | 35.0% | · | · | · | |
| EPS YoY | -92.4%5Y avg ≈-42.9% | ≈-42.9% | · | · | |
| Net Income YoY | -92.5%5Y avg ≈2984.8% | ≈2984.8% | · | · | |
| EPS CAGR 3Y | -64.8% | · | · | · | |
| Net Income CAGR 3Y | -63.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NOG | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.5 | ≈0.5 | 0.4 | Top tier | |
| Receivables Turnover | 6.75Y avg ≈6.0 | ≈6.0 | 9.2 | Weak | |
| Revenue / Employee | ≈$38.7M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield6.8%
Payout Ratio447.4%
Annualized Payout≈$1.80
Growth Streak≈3
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 29, 2026 | $0.45 | USD | ≈7.9% |
| Jun 29, 2026 | $0.45 | USD | ≈10.1% |
| Mar 30, 2026 | $0.45 | USD | ≈6.0% |
| Dec 30, 2025 | $0.45 | USD | ≈8.3% |
| Sep 29, 2025 | $0.45 | USD | ≈6.9% |
| Jun 27, 2025 | $0.45 | USD | ≈6.0% |
| Mar 28, 2025 | $0.45 | USD | ≈5.6% |
| Dec 30, 2024 | $0.42 | USD | ≈4.5% |
| Sep 27, 2024 | $0.42 | USD | ≈4.6% |
| Jun 27, 2024 | $0.40 | USD | ≈4.2% |
| Mar 27, 2024 | $0.40 | USD | ≈4.0% |
| Dec 27, 2023 | $0.40 | USD | ≈3.9% |
| Sep 27, 2023 | $0.38 | USD | ≈3.4% |
| Jun 28, 2023 | $0.37 | USD | ≈3.8% |
| Mar 29, 2023 | $0.34 | USD | ≈3.6% |
| Dec 28, 2022 | $0.30 | USD | ≈3.2% |
| Sep 28, 2022 | $0.25 | USD | ≈2.6% |
| Jun 28, 2022 | $0.19 | USD | ≈1.7% |
| Mar 29, 2022 | $0.14 | USD | ≈1.1% |
| Dec 29, 2021 | $0.08 | USD | ≈0.75% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
16.4%
Next Report
Nov 06, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $1.13 | $1.05 | 7.7% |
| March 31, 2026 | $0.74 | $0.69 | 7.9% | |
| Dec. 31, 2025 | $0.83 | $0.78 | 5.8% | |
| Sept. 30, 2025 | $1.03 | $0.87 | 18.5% | |
| June 30, 2025 | $1.37 | $0.97 | 40.8% | |
| March 31, 2025 | $1.33 | $1.13 | 17.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.48B | $2.23B | $2.17B | $1.57B | $497M | $552M | $472M | $679M | $209M | $145M | $275M | $595M | |
| Cost of Revenue | $474M | $430M | $347M | $261M | $171M | $116M | $119M | $67M | $50M | $46M | · | · | |
| SG&A Expense | $61M | $50M | $47M | $47M | $30M | $19M | $24M | $15M | $19M | $15M | $19M | $18M | |
| Operating Expenses | $2.23B | $1.39B | $1.04B | $717M | $419M | $1.39B | $417M | $246M | $149M | $374M | $1.39B | $290M | |
| Operating Income | $246M | $838M | $1.12B | $853M | $78M | $-841M | $56M | $433M | $60M | $-229M | $-1.12B | $305M | |
| Interest Expense | · | · | $136M | $80M | $59M | $59M | $79M | $86M | $70M | $64M | $58M | $42M | |
| Other Non-op | $637.0K | $440.0K | $5M | $-185.0K | $-9.0K | $-12.0K | $158.0K | $891.0K | $116.0K | $-15.9K | $-30.1K | $47.4K | |
| Pretax Income | $63M | $681M | $1.00B | $776M | $7M | $-906M | $-76M | $144M | $-11M | $-295M | $-1.18B | $263M | |
| Income Tax | $24M | $161M | $78M | $3M | $233.0K | $-166.0K | $0 | $-55.0K | $-2M | $-1M | $-202M | $99M | |
| Net Income | $39M | $520M | $923M | $773M | $6M | $-906M | $-76M | $144M | $-9M | $-293M | $-975M | $164M | |
| EPS (Basic) | $0.40 | $5.21 | $10.09 | $9.26 | $-0.13 | $-21.55 | $-2.00 | $6.08 | $-0.15 | $-4.80 | $-16.08 | $2.70 | |
| EPS (Diluted) | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 | $-21.55 | $-2.00 | $6.07 | $-0.15 | $-4.80 | $-16.08 | $2.69 | |
| Shares (Basic) | 97,711,444 | 99,852,539 | 91,483,687 | 78,557,216 | 62,989,543 | 42,744,639 | 38,708,460 | 23,620,646 | 62,408,855 | 61,173,547 | 60,652,447 | 60,691,701 | |
| Shares (Diluted) | 99,314,382 | 101,267,625 | 92,060,947 | 86,675,365 | 62,989,543 | 42,744,639 | 38,708,460 | 23,677,391 | 62,408,855 | 61,173,547 | 60,652,447 | 60,860,769 | |
| EBITDA | $246M | $838M | $1.12B | $853M | $78M | $-841M | · | $433M | · | $-229M | $-1.12B | $305M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $14M | $9M | $8M | $3M | $10M | $1M | $16M | $2M | $102M | $6M | $3M | $9M | |
| Receivables | $350M | $390M | $371M | $271M | $194M | $71M | $108M | $96M | $47M | $36M | $51M | $86M | |
| Prepaid Expense | $37M | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $586M | $501M | $509M | $320M | $215M | $126M | $133M | $228M | $153M | $47M | $122M | $226M | |
| PP&E (Net) | $4.75B | $5.08B | $3.93B | $2.48B | $1.25B | $735M | $1.75B | $1.20B | $473M | $376M | $589M | $1.76B | |
| PP&E (Gross) | · | $10.36B | $8.47B | $6.54B | $5.06B | $4.41B | $4.19B | $3.44B | $2.59B | $2.43B | $2.35B | $2.22B | |
| Accum. Depreciation | · | $5.28B | $4.54B | $4.06B | $3.81B | $3.67B | $2.44B | $2.23B | $2.11B | $2.06B | $1.76B | $458M | |
| Other Non-current Assets | $74M | $11M | $15M | $16M | $12M | $11M | $15M | $10M | $5M | $8M | $10M | · | |
| Total Assets | $5.41B | $5.60B | $4.48B | $2.88B | $1.52B | $872M | $1.91B | $1.50B | $632M | $432M | $721M | $2.03B | |
| Accounts Payable | $219M | $203M | $193M | $129M | $65M | $36M | $69M | $55M | $93M | $56M | $65M | $232M | |
| Accrued Liabilities | $321M | $291M | $148M | $122M | $106M | $69M | $110M | $83M | $6M | $6M | $8M | $7M | |
| Current Liabilities | $539M | $544M | $386M | $345M | $328M | $182M | $203M | $232M | $124M | $77M | $78M | $286M | |
| Deferred Tax | $248M | $228M | $68M | $0 | · | · | · | · | $135.2K | $156.6K | $0 | $158M | |
| Other Non-current Liabilities | $2M | $2M | $3M | $2M | $3M | $50.0K | $345.0K | $105.0K | $135.2K | $156.6K | $0 | $5M | |
| Total Liabilities | $3.28B | $3.28B | $2.44B | $2.13B | $1.31B | $1.10B | $1.35B | $1.07B | $1.12B | $919M | $919M | $1.26B | |
| Long-term Debt | $2.40B | $2.37B | $1.84B | $1.53B | $803M | $945M | $1.12B | $830M | $979M | $833M | $835M | · | |
| Total Debt | · | · | · | · | $803M | $945M | · | · | · | · | · | · | |
| Common Stock | $499.0K | $501.0K | $503.0K | $487.0K | $479.0K | $448.0K | $406.0K | $378.0K | $66.8K | $63.3K | $63.1K | $61.1K | |
| Paid-in Capital | · | · | $2.12B | $1.75B | $1.99B | $1.56B | $1.43B | $1.23B | $450M | $444M | $440M | $433M | |
| Retained Earnings | $481M | $443M | $-78M | $-1.00B | $-1.77B | $-1.78B | $-873M | $-797M | $-941M | $-931M | $-638M | $337M | |
| AOCI | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $2.13B | $2.32B | $2.05B | $745M | $215M | $-223M | $559M | $430M | $-491M | $-487M | $-198M | $771M | |
| Liabilities + Equity | $5.41B | $5.60B | $4.48B | $2.88B | $1.52B | $872M | $1.91B | $1.50B | $632M | $432M | $721M | $2.03B | |
| Shares Outstanding | 97,265,559 | 99,113,645 | 100,761,148 | 85,165,807 | 77,341,921 | 45,908,779 | 40,608,518 | 378,333,070 | 66,792,000 | 63,259,781 | 63,120,384 | 61,066,712 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | $100.0K | $200.0K | $200.0K | $300.0K | $300.0K | |
| Stock-based Comp | $15M | $12M | $6M | $6M | $4M | $4M | $8M | $4M | $3M | $3M | $5M | $3M | |
| Deferred Tax | $24M | $160M | $77M | $-571.0K | $233.0K | $210.0K | $210.0K | $365.0K | $-785.0K | $0 | $-202M | $96M | |
| Restructuring | · | · | · | · | · | · | · | · | · | $0 | $523.5K | · | |
| Operating Cash Flow | $1.51B | $1.41B | $1.18B | $928M | $396M | $332M | $340M | $244M | $73M | $102M | $247M | $274M | |
| CapEx | · | · | · | · | · | · | · | $86.8K | $4.0K | $214.7K | $90.8K | $169.0K | |
| Investing Cash Flow | $-1.25B | $-1.67B | $-1.86B | $-1.40B | $-634M | $-284M | $-569M | $-475M | $-119M | · | · | · | |
| Debt Issued | · | · | · | · | · | $0 | $0 | $60M | $300M | $0 | $0 | · | |
| Net Debt Issued | · | · | · | · | · | $0 | · | $60M | · | · | · | · | |
| Stock Issued | $0 | $0 | $515M | $0 | $438M | $0 | $0 | $142M | $0 | $0 | · | · | |
| Stock Repurchased | $57M | $94M | $8M | $55M | $0 | $0 | $15M | $22M | $0 | $0 | $339.6K | $16M | |
| Net Stock Activity | $-57M | $-94M | $507M | $-55M | $438M | $0 | · | $119M | · | $-1M | $-339.6K | $-16M | |
| Dividends Paid | $173M | $162M | $124M | $52M | $5M | $0 | $0 | · | · | · | · | · | |
| Financing Cash Flow | $-247M | $267M | $685M | $467M | $246M | $-62M | $243M | $130M | $142M | · | · | · | |
| Net Change in Cash | $5M | $738.0K | $6M | $-7M | $8M | $-15M | $14M | $-100M | $96M | $3M | $-6M | $4M | |
| Taxes Paid | $-1M | $332.0K | $4M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | · | · | · | · | · | · | $244M | · | $102M | $247M | $274M | |
| Levered FCF | · | · | · | · | · | · | · | $158M | · | $37M | $199M | $248M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 9.9% | 37.6% | 51.8% | 54.3% | 15.7% | -152.3% | · | 63.7% | · | -158.2% | -407.0% | 51.3% | |
| Net Margin | 1.6% | 23.4% | 42.6% | 49.2% | 1.3% | -164.1% | · | 21.2% | · | -202.5% | -354.6% | 27.5% | |
| Pretax Margin | 2.5% | 30.6% | 46.2% | 49.4% | 1.3% | -164.1% | · | 21.2% | · | -203.5% | -428.2% | 44.2% | |
| EBITDA Margin | 9.9% | 37.6% | 51.8% | 54.3% | 15.7% | -152.3% | · | 63.7% | · | -158.2% | -407.0% | 51.3% | |
| ROA | 0.70% | 10.3% | 25.1% | 35.2% | 0.53% | -65.2% | · | 13.5% | · | -50.9% | -70.7% | 9.2% | |
| ROE | 1.7% | 22.5% | 53.4% | 106.3% | 22.1% | 590.2% | · | 65.1% | · | 85.7% | -340.3% | 23.5% | |
| ROIC | 7.1% | 27.6% | 50.5% | 114.0% | 7.4% | -116.6% | · | 100.7% | · | 46.8% | 469.1% | 24.6% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 0.9 | 1.3 | 0.9 | 0.7 | 0.7 | · | 1.0 | · | 0.6 | 1.6 | 0.8 | |
| Quick Ratio | 0.7 | 0.7 | 1.0 | 0.8 | 0.6 | 0.4 | · | 0.4 | · | 0.5 | 0.8 | 0.3 | |
| Debt / Equity | · | · | · | · | 3.7 | -4.2 | · | · | · | · | · | · | |
| LT Debt / Equity | · | · | · | · | 3.7 | -3.9 | · | · | · | · | · | · | |
| Interest Coverage | · | · | 8.3 | 10.6 | 1.3 | -14.4 | · | 5.0 | · | -3.6 | -19.2 | 7.2 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.6 | 0.7 | 0.4 | 0.4 | · | 0.6 | · | 0.3 | 0.2 | 0.3 | |
| Receivables Turnover | 6.7 | 5.9 | 6.7 | 6.8 | 3.8 | 6.2 | · | 9.5 | · | 3.3 | 3.8 | 6.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $21.86 | $23.41 | $20.32 | $8.75 | $2.78 | $-4.86 | · | $1.14 | · | $-7.71 | $-3.13 | $12.62 | |
| Revenue / Share | $24.93 | $21.98 | $23.53 | $18.12 | $7.89 | $12.92 | · | $2.87 | · | $2.37 | $4.54 | $9.78 | |
| Cash Flow / Share | $15.16 | $13.91 | $12.85 | $10.71 | $6.29 | $7.76 | · | $1.03 | · | $1.67 | $4.07 | $4.51 | |
| Cash / Share | $0.15 | $0.09 | $0.08 | $0.03 | $0.12 | $0.03 | · | $0.01 | · | $0.10 | $0.05 | $0.15 | |
| EPS (TTM) | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 | $-21.55 | $-2.00 | $6.07 | $-0.15 | $-4.80 | $-16.08 | $2.69 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 11.2% | 2.8% | 37.9% | 216.1% | -10.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 16.4% | 64.8% | 57.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 35.0% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -92.4% | -48.8% | 12.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -64.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -92.5% | -43.6% | 19.4% | 12055.9% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -63.1% | 334.1% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.48B | $2.23B | $2.17B | $1.57B | $497M | $552M | $472M | $679M | $209M | $145M | $275M | $595M | |
| Net Income TTM | $39M | $520M | $923M | $773M | $6M | $-906M | $-76M | $144M | $-9M | $-293M | $-975M | $164M | |
| Market Cap | $2.09B | $3.68B | $3.74B | $2.62B | $1.59B | $402M | · | $8.55B | · | $1.74B | $2.44B | $3.45B | |
| Enterprise Value | · | · | · | · | $2.39B | $1.35B | · | · | · | · | · | · | |
| P/E | 55.1 | 7.2 | 3.7 | 3.5 | -158.3 | -0.4 | -11.7 | 3.7 | -136.7 | -5.7 | -2.4 | 21.0 | |
| P/S | 0.8 | 1.7 | 1.7 | 1.7 | 3.2 | 0.7 | · | 12.6 | · | 12.0 | 8.9 | 5.8 | |
| P/B | 1.0 | 1.6 | 1.8 | 3.5 | 7.4 | -1.8 | · | 19.9 | · | -3.6 | -12.3 | 4.5 | |
| P / Tangible Book | 1.0 | 1.6 | 1.8 | 3.5 | 7.4 | · | · | · | · | · | · | · | |
| P / Cash Flow | 1.4 | 2.6 | 3.2 | 2.8 | 4.0 | 1.2 | · | 35.0 | · | 17.1 | 9.9 | 12.6 | |
| P / FCF | · | · | · | · | · | · | · | 35.0 | · | 17.1 | 9.9 | 12.6 | |
| EV / EBITDA | · | · | · | · | 30.6 | -1.6 | · | · | · | · | · | · | |
| EV / Revenue | · | · | · | · | 4.8 | 2.4 | · | · | · | · | · | · | |
| Dividend Yield | 8.3% | 4.4% | 3.3% | 2.0% | 0.31% | 0.00% | · | · | · | · | · | · | |
| Earnings Yield | 1.8% | 13.8% | 27.1% | 28.9% | -0.63% | -246.0% | -8.6% | 26.9% | -0.73% | -17.4% | -41.7% | 4.8% | |
| Payout Ratio | 447.4% | 31.1% | 13.4% | 6.7% | 77.6% | · | · | · | · | · | · | · | |
| Annual Payout | $173M | $162M | $124M | $52M | $5M | $0 | $0 | · | · | · | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $745M | $5M | $610M | $557M | $707M | $602M | $515M | $754M | $561M | $396M | $794M | $314M | $477M | $582M | $370M | $792M | |
| Cost of Revenue | $127M | $130M | $120M | $118M | $121M | $114M | $117M | $107M | $101M | $105M | $102M | $83M | $84M | $78M | $73M | $68M | |
| SG&A Expense | $25M | $23M | $17M | $14M | $16M | $14M | $16M | $10M | $14M | $11M | $10M | $12M | $12M | $13M | $15M | $10M | |
| Operating Expenses | $393M | $660M | $644M | $682M | $531M | $373M | $382M | $320M | $342M | $344M | $309M | $272M | $242M | $222M | $203M | $187M | |
| Operating Income | $353M | $-655M | $-34M | $-126M | $176M | $229M | $133M | $434M | $219M | $52M | $484M | $42M | $235M | $361M | $168M | $605M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $38M | · | $37M | $32M | $30M | · | $20M | |
| Other Non-op | $-42M | $-41M | $26.0K | $65.0K | $-44M | $-43M | $181.0K | $140.0K | $63.0K | $56.0K | $83.0K | $21.0K | $72.0K | $5M | $1.0K | $-1.0K | |
| Pretax Income | $311M | $-696M | $-86M | $-169M | $132M | $186M | $88M | $397M | $181M | $14M | $448M | $5M | $207M | $341M | $145M | $585M | |
| Income Tax | $74M | $-173M | $-15M | $-40M | $32M | $47M | $16M | $99M | $43M | $3M | $59M | $-21M | $39M | $692.0K | $-27.0K | $1M | |
| Net Income | $237M | $-523M | $-71M | $-129M | $100M | $139M | $72M | $298M | $139M | $12M | $389M | $26M | $168M | $340M | $145M | $583M | |
| EPS (Basic) | $2.24 | $-5.31 | $-0.70 | $-1.33 | $1.02 | $1.41 | $0.71 | $3.00 | $1.38 | $0.12 | $3.91 | $0.28 | $1.89 | $4.01 | $1.71 | $7.39 | |
| EPS (Diluted) | $2.19 | $-5.31 | $-0.67 | $-1.33 | $1.00 | $1.39 | $0.71 | $2.96 | $1.36 | $0.11 | $3.89 | $0.28 | $1.88 | $3.98 | $2.33 | $6.77 | |
| Shares (Basic) | 105,871,269 | 98,502,731 | · | 97,123,889 | 98,060,407 | 98,559,724 | · | 99,494,313 | 100,266,462 | 100,442,472 | · | 92,768,035 | 88,800,994 | 84,915,729 | · | 78,589,661 | |
| Shares (Diluted) | 108,091,366 | 98,502,731 | · | 97,123,889 | 99,394,539 | 99,992,487 | · | 100,724,784 | 101,985,074 | 101,636,132 | · | 93,742,407 | 89,108,519 | 85,407,197 | · | 86,141,293 | |
| EBITDA | $353M | $-655M | · | $-126M | $176M | $229M | · | $434M | $219M | $52M | · | $42M | $235M | $361M | · | $605M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $48M | $37M | $14M | $32M | $26M | $34M | $9M | $34M | $8M | $32M | · | $13M | $15M | $6M | · | $9M | |
| Receivables | $378M | $395M | $350M | $334M | $410M | $410M | $390M | $317M | $360M | $331M | · | $364M | $265M | $274M | · | $318M | |
| Prepaid Expense | $28M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $502M | $473M | $586M | $542M | $588M | $522M | $501M | $519M | $414M | $413M | · | $470M | $386M | $396M | · | $377M | |
| PP&E (Net) | $5.29B | $5.02B | $4.75B | $4.94B | $5.09B | $5.14B | $5.08B | $4.48B | $4.27B | $4.21B | · | $3.79B | $3.22B | $2.92B | · | $2.02B | |
| PP&E (Gross) | · | · | · | $11.26B | $10.89B | $10.62B | · | $9.56B | $9.16B | $8.92B | · | $8.18B | $7.48B | $7.07B | · | $6.00B | |
| Accum. Depreciation | · | · | · | $6.32B | $5.80B | $5.48B | · | $5.08B | $4.89B | $4.72B | · | $4.39B | $4.26B | $4.15B | · | $3.98B | |
| Other Non-current Assets | $15M | $16M | $74M | $11M | $20M | $10M | $11M | $16M | $15M | $14M | · | $17M | $16M | $16M | · | $16M | |
| Total Assets | $5.83B | $5.51B | $5.41B | $5.49B | $5.70B | $5.67B | $5.60B | $5.06B | $4.72B | $4.63B | · | $4.30B | $3.66B | $3.34B | · | $2.47B | |
| Accounts Payable | $206M | $235M | $219M | $160M | $174M | $231M | $203M | $152M | $150M | $156M | · | $235M | $154M | $134M | · | $143M | |
| Accrued Liabilities | $399M | $402M | $294M | $335M | $310M | $273M | $291M | $237M | $216M | $162M | · | $155M | $179M | $162M | · | $115M | |
| Current Liabilities | $630M | $899M | $539M | $495M | $488M | $564M | $544M | $420M | $466M | $428M | · | $602M | $379M | $345M | · | $382M | |
| Deferred Tax | $158M | $76M | $248M | $263M | $299M | $275M | $228M | $211M | $113M | $71M | · | $7M | $31M | · | · | · | |
| Other Non-current Liabilities | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | · | $3M | $3M | $3M | · | $2M | |
| Total Liabilities | $3.83B | $3.73B | $3.28B | $3.25B | $3.29B | $3.27B | $3.28B | $2.74B | $2.66B | $2.63B | · | $2.90B | $2.25B | $2.29B | · | $1.76B | |
| Long-term Debt | $2.72B | $2.55B | $2.40B | $2.35B | $2.37B | $2.31B | $2.37B | $1.95B | $1.87B | $1.94B | · | $2.06B | $1.67B | $1.76B | · | $1.17B | |
| Common Stock | $509.0K | $508.0K | $499.0K | $500.0K | $500.0K | $501.0K | $501.0K | $502.0K | $502.0K | $503.0K | · | $495.0K | $495.0K | $487.0K | · | $481.0K | |
| Retained Earnings | $195M | $-42M | $481M | $552M | $681M | $582M | $443M | $371M | $72M | $-66M | · | $-467M | $-493M | $-661M | · | $-1.15B | |
| AOCI | $-3M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $2.00B | $1.78B | $2.13B | $2.24B | $2.41B | $2.40B | $2.32B | $2.31B | $2.07B | $2.00B | $2.05B | $1.41B | $1.42B | $1.05B | $745M | $709M | |
| Liabilities + Equity | $5.83B | $5.51B | $5.41B | $5.49B | $5.70B | $5.67B | $5.60B | $5.06B | $4.72B | $4.63B | · | $4.30B | $3.66B | $3.34B | · | $2.47B | |
| Shares Outstanding | 106,549,128 | 105,791,123 | 97,265,559 | 97,602,978 | 97,594,682 | 98,702,027 | 99,113,645 | 99,825,164 | 100,172,478 | 101,044,071 | 100,761,148 | 93,032,638 | 93,022,758 | 85,370,223 | · | 78,879,200 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $2M | $1M | $1M | $1M | $2M | $1M | $1M | |
| Deferred Tax | $74M | $-171M | $-16M | $-36M | $28M | $47M | $17M | $98M | $42M | $3M | $59M | $-21M | $38M | $692.0K | $-1M | $662.0K | |
| Operating Cash Flow | $322M | $324M | $313M | $423M | $362M | $407M | $290M | $386M | $340M | $392M | $342M | $264M | $308M | $269M | $287M | $277M | |
| Investing Cash Flow | $-380M | $-635M | $-308M | $-353M | $-327M | $-265M | $-663M | $-382M | $-223M | $-407M | $-378M | $-613M | $-410M | $-461M | $-544M | $-313M | |
| Stock Issued | $0 | $228M | · | · | $0 | $0 | $0 | $0 | · | · | $290M | $0 | · | · | $0 | $0 | |
| Stock Repurchased | $50M | $0 | $7M | $0 | $35M | $15M | $25M | $14M | $35M | $20M | $0 | $0 | $0 | $8M | $33M | $9M | |
| Net Stock Activity | $-50M | $228M | · | · | · | $-15M | · | · | · | $-20M | · | · | · | $-8M | · | · | |
| Dividends Paid | $47M | $44M | $44M | $44M | $44M | $42M | $42M | $40M | $40M | $40M | $35M | $34M | $29M | $25M | $20M | $15M | |
| Financing Cash Flow | $74M | $334M | $-22M | $-65M | $-43M | $-118M | $347M | $23M | $-142M | $39M | $31M | $347M | $111M | $195M | $250M | $44M | |
| Net Change in Cash | $11M | $23M | $-17M | $6M | $-8M | $25M | $-25M | $27M | $-25M | $24M | $-5M | $-2M | $9M | $4M | $-7M | $8M | |
| Taxes Paid | · | · | $1M | $0 | $665.0K | $-3M | $0 | $36.0K | $321.0K | $-25.0K | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 47.3% | -13022.1% | · | -22.6% | 24.9% | 38.1% | · | 57.6% | 39.0% | 13.2% | · | 13.5% | 49.3% | 61.9% | · | 76.4% | |
| Net Margin | 31.8% | -10396.6% | · | -23.2% | 14.1% | 23.1% | · | 39.6% | 24.7% | 2.9% | · | 8.3% | 35.2% | 58.4% | · | 73.7% | |
| Pretax Margin | 41.7% | -13838.1% | · | -30.3% | 18.6% | 30.9% | · | 52.7% | 32.3% | 3.6% | · | 1.7% | 43.4% | 58.6% | · | 73.9% | |
| EBITDA Margin | 47.3% | -13022.1% | · | -22.6% | 24.9% | 38.1% | · | 57.6% | 39.0% | 13.2% | · | 13.5% | 49.3% | 61.9% | · | 76.4% | |
| ROA | 4.1% | -9.3% | · | -2.5% | 1.9% | 2.7% | · | 6.4% | 3.3% | 0.29% | · | 0.77% | 5.7% | 12.7% | · | 31.4% | |
| ROE | 10.7% | -25.0% | · | -5.7% | 4.4% | 6.3% | · | 16.0% | 8.0% | 0.76% | · | 2.5% | 21.4% | 67.2% | · | 211.6% | |
| ROIC | 13.5% | -27.6% | · | -4.3% | 5.5% | 7.1% | · | 14.1% | 8.1% | 2.1% | · | 14.5% | 13.5% | 34.3% | · | 85.1% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.5 | · | 1.1 | 1.2 | 0.9 | · | 1.2 | 0.9 | 1.0 | · | 0.8 | 1.0 | 1.1 | · | 1.0 | |
| Quick Ratio | 0.7 | 0.5 | · | 0.7 | 0.9 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.6 | 0.7 | 0.8 | · | 0.9 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 1.4 | · | 1.1 | 7.3 | 12.0 | · | 30.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | 0.2 | 0.2 | · | 0.4 | |
| Receivables Turnover | 1.9 | 0.0 | · | 1.7 | 1.8 | 1.6 | · | 2.2 | 1.8 | 1.3 | · | 0.9 | 1.5 | 2.0 | · | 3.3 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $18.73 | $16.87 | · | $23.00 | $24.72 | $24.34 | · | $23.18 | $20.65 | $19.81 | · | $15.13 | $15.22 | $12.28 | · | $8.99 | |
| Revenue / Share | $6.89 | $0.05 | · | $5.73 | $7.11 | $6.02 | · | $7.48 | $5.50 | $3.90 | · | $3.35 | $5.35 | $6.82 | · | $9.19 | |
| Cash Flow / Share | $2.98 | $3.29 | · | · | · | $4.07 | · | · | · | $3.86 | · | · | · | $3.15 | · | · | |
| Cash / Share | $0.45 | $0.35 | · | $0.32 | $0.26 | $0.34 | · | $0.34 | $0.08 | $0.32 | · | $0.14 | $0.16 | $0.07 | · | $0.12 | |
| Dividend / Share | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.45 | $0.42 | $0.42 | $0.40 | $0.40 | · | · | · | · | · | $0.04 | |
| EPS (TTM) | $-5.12 | $-6.31 | · | $1.77 | $6.06 | $6.42 | · | $8.32 | $5.64 | $6.16 | · | $8.47 | $14.96 | $15.82 | · | $9.61 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.92B | $1.88B | · | $2.38B | $2.58B | $2.43B | · | $2.50B | $2.06B | $1.98B | · | $1.74B | $2.22B | $2.19B | · | $1.52B | |
| Net Income TTM | $-486M | $-623M | · | $181M | $609M | $648M | · | $837M | $565M | $594M | · | $679M | $1.24B | $1.32B | · | $803M | |
| Market Cap | $1.93B | $3.09B | · | $2.42B | $2.77B | $2.98B | · | $3.53B | $3.72B | $4.01B | · | $3.74B | $3.19B | $2.59B | · | $2.16B | |
| P/E | -3.5 | -4.6 | · | 14.0 | 4.7 | 4.7 | · | 4.3 | 6.6 | 6.4 | · | 4.7 | 2.3 | 1.9 | · | 2.9 | |
| P/S | 1.0 | 1.6 | · | 1.0 | 1.1 | 1.2 | · | 1.4 | 1.8 | 2.0 | · | 2.1 | 1.4 | 1.2 | · | 1.4 | |
| P/B | 1.0 | 1.7 | · | 1.1 | 1.1 | 1.2 | · | 1.5 | 1.8 | 2.0 | · | 2.7 | 2.3 | 2.5 | · | 3.0 | |
| P / Tangible Book | 1.0 | 1.7 | · | 1.1 | 1.1 | 1.2 | · | 1.5 | 1.8 | 2.0 | · | 2.7 | 2.3 | 2.5 | · | 3.0 | |
| P / Cash Flow | 6.0 | 9.6 | · | · | · | 7.3 | · | · | · | 10.2 | · | · | · | 9.6 | · | · | |
| Dividend Yield | 9.3% | 5.7% | · | 7.1% | 6.1% | 5.5% | · | 4.4% | 4.0% | 3.5% | · | 2.9% | 2.8% | 2.7% | · | 1.6% | |
| Earnings Yield | -28.2% | -21.6% | · | 7.1% | 21.4% | 21.2% | · | 23.5% | 15.2% | 15.5% | · | 21.1% | 43.6% | 52.1% | · | 35.1% | |
| Payout Ratio | 20.0% | -8.5% | · | · | · | 30.0% | · | · | · | 345.5% | · | · | · | 7.5% | · | · | |
| Annual Payout | $179M | $176M | · | $171M | $168M | $164M | · | $155M | $150M | $139M | · | $108M | $89M | $71M | · | $35M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $2.48B | $2.23B | $2.17B | $1.57B | $497M |
| Operating Margin % | 9.9% | 37.6% | 51.8% | 54.3% | 15.7% |
| Net Income | $39M | $520M | $923M | $773M | $6M |
| Diluted EPS | $0.39 | $5.14 | $10.03 | $8.92 | $-0.13 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | 3.7 |
| Current Ratio | 1.1 | 0.9 | 1.3 | 0.9 | 0.7 |
| Quick Ratio | 0.7 | 0.7 | 1.0 | 0.8 | 0.6 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 378 filers · $2.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
378
Value held
$2.3B
New positions
59
Exited positions
67
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 59 (-27 vs prior Q) | 67 (+34 vs prior Q) | 129 (-11 vs prior Q) | 114 (+23 vs prior Q) | +2.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $291,157,010 | 16,041,709 | 12.72% | Shares |
| VANGUARD GROUP INC | $233,453,079 | 10,873,455 | 10.20% | Shares |
| AMERICAN CENTURY COMPANIES INC | $153,499,922 | 8,457,296 | 6.71% | Shares |
| STATE STREET CORP | $133,545,081 | 7,183,786 | 5.84% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $124,489,198 | 6,858,909 | 5.44% | Shares |
| Invesco Ltd. | $109,003,801 | 6,005,719 | 4.76% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $83,196,968 | 4,583,855 | 3.64% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $81,450,104 | 4,487,842 | 3.56% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $49,201,445 | 2,710,135 | 2.15% | Shares |
| MILLENNIUM MANAGEMENT LLC | $41,771,390 | 2,301,454 | 1.83% | Shares |
| UBS Group AG | $37,980,218 | 2,092,574 | 1.66% | Shares |
| UBS Group AG | $35,342,406 | 1,947,240 | 1.54% | Call option |
| GOLDMAN SACHS GROUP INC | $35,036,042 | 1,930,360 | 1.53% | Shares |
| MORGAN STANLEY | $34,008,870 | 1,873,765 | 1.49% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $33,563,543 | 1,849,231 | 1.47% | Shares |
| Hood River Capital Management LLC | $27,832,299 | 1,533,460 | 1.22% | Shares |
| FMR LLC | $27,225,244 | 1,500,013 | 1.19% | Shares |
| Bank of New York Mellon Corp | $26,768,693 | 1,474,859 | 1.17% | Shares |
| DEPRINCE RACE & ZOLLO INC | $24,956,450 | 1,375,011 | 1.09% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $23,752,960 | 1,308,703 | 1.04% | Shares |
| FIRST TRUST ADVISORS LP | $22,716,049 | 1,251,573 | 0.99% | Shares |
| Encompass Capital Advisors LLC | $22,687,500 | 1,250,000 | 0.99% | Shares |
| BANK OF AMERICA CORP /DE/ | $20,713,554 | 1,141,243 | 0.91% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $19,817,804 | 1,091,890 | 0.87% | Shares |
| NORTHERN TRUST CORP | $18,710,526 | 1,030,883 | 0.82% | Shares |
| BARCLAYS PLC | $17,733,603 | 977,058 | 0.77% | Shares |
| Nuveen, LLC | $16,336,933 | 900,107 | 0.71% | Shares |
| RAYMOND JAMES FINANCIAL INC | $15,437,753 | 850,565 | 0.67% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $14,941,461 | 823,221 | 0.65% | Shares |
| Tributary Capital Management, LLC | $14,602,220 | 804,530 | 0.64% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $14,418,124 | 794,387 | 0.63% | Shares |
| ROYAL BANK OF CANADA | $13,836,000 | 762,315 | 0.60% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $13,259,000 | 730,500 | 0.58% | Shares |
| CITADEL ADVISORS LLC | $12,916,139 | 711,633 | 0.56% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $12,589,729 | 693,649 | 0.55% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $12,510,686 | 689,294 | 0.55% | Shares |
| WELLS FARGO & COMPANY/MN | $11,165,964 | 615,205 | 0.49% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $10,684,763 | 588,692 | 0.47% | Shares |
| Requisite Capital Management, LLC | $10,519,174 | 565,547 | 0.46% | Shares |
| CITIGROUP INC | $10,096,645 | 556,289 | 0.44% | Shares |
| TUDOR INVESTMENT CORP ET AL | $9,969,051 | 549,259 | 0.44% | Shares |
| ALLIANCEBERNSTEIN L.P. | $9,325,364 | 319,034 | 0.41% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $9,171,504 | 505,317 | 0.40% | Shares |
| NOMURA HOLDINGS INC | $9,031,930 | 497,627 | 0.39% | Shares |
| Empowered Funds, LLC | $8,599,343 | 473,793 | 0.38% | Shares |
| Russell Investments Group, Ltd. | $8,497,940 | 468,206 | 0.37% | Shares |
| Penn Capital Management Company, LLC | $8,404,325 | 462,547 | 0.37% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $8,270,066 | 455,651 | 0.36% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $8,178,263 | 450,593 | 0.36% | Shares |
| MetLife Investment Management, LLC | $7,718,033 | 425,236 | 0.34% | Shares |
Activists & 5%+ owners 9 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| TRT Holdings, Inc., Cresta Investments, LLC, The Rowling Foundation, Robert B. Rowling ×26 filings | Aug. 14, 2023 | · | Initial filing | · | SEC |
| Angelo, Gordon & Co., L.P., AG GP LLC, Josh Baumgarten, Adam Schwartz ×23 filings | April 13, 2023 | · | Initial filing | · | SEC |
| Bahram Akradi (2) ×11 filings | May 17, 2018 | · | Initial filing | Passive investment | SEC |
| Michael L. Reger ×10 filings | Aug. 26, 2016 | · | Initial filing | Passive investment | SEC |
| Ryan R. Gilbertson ×3 filings | Dec. 22, 2009 | · | Initial filing | · | SEC |
| GILBERTSON RYAN RANDALL | Feb. 13, 2009 | · | Initial filing | · | SEC |
| Millennium Partners, L.P., Millenco LLC, Millennium Management LLC, Israel A. Englander ×4 filings | March 3, 2008 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | May 24, 2007 | · | Initial filing | · | SEC |
| Douglas M. Polinsky | May 4, 2007 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 35 insiders · 13 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Nicholas L. O'Grady | CEO | March 16, 2026 F | 261,071 | 0 | 0 | $0 |
| Brandon R. Elliott | CEO | Dec. 31, 2019 D | 428,890 | 0 | 0 | $0 |
| Thomas W Stoelk | CFO & Interim CEO | April 8, 2017 F | 1,106,446 | 0 | 0 | $0 |
| Chad W Allen | CFO | March 16, 2026 F | 83,910 | 0 | 0 | $0 |
| Adam A. Dirlam | President | March 16, 2026 F | 27,715 | 0 | 0 | $0 |
| Michael Lewis Reger | President | June 28, 2019 D | 9,863,053 | 0 | 0 | $0 |
| James B. Evans | Chief Technical Officer | March 16, 2026 F | 78,179 | 0 | 0 | $0 |
| Erik J. Romslo | Chief Legal Officer & Sec. | March 16, 2026 F | 101,760 | 0 | 0 | $0 |
| Michael D. Kelly | Chief Strategy Officer | April 29, 2022 A | 30,042 | 0 | 0 | $0 |
| Darrell R. Finneman | EVP, Land | Feb. 27, 2015 A | 51,610 | 0 | 0 | $0 |
| James R Sankovitz | C O O | Oct. 1, 2012 F | 259,725 | 0 | 0 | $0 |
| Ryan Randall Gilbertson | P r e s i d e n t | Jan. 13, 2012 S | 894,210 | 0 | 0 | $0 |
| Chad D Winter | C. - F. - O. - | April 15, 2011 S | 218,503 | 0 | 0 | $0 |
| Jennifer S. Pomerantz | Director | June 30, 2026 A | 28,917 | 0 | 0 | $0 |
| Stuart G. Lasher | Director | June 30, 2026 A | 70,099 | 0 | 0 | $0 |
| Michael A Frantz | Director | June 30, 2026 A | 67,141 | 0 | 0 | $0 |
| William F Kimble | Director | June 30, 2026 A | 21,669 | 0 | 0 | $0 |
| Bahram Akradi | Director | June 30, 2026 A | 1,719,780 | 1 | 0 | $499,744 |
| Lisa G Bromiley | Director | June 30, 2026 A | 61,840 | 0 | 0 | $0 |
| Roy Ernest Easley | Director | March 31, 2026 A | 86,666 | 2 | 0 | $600,700 |
| Jack E King | Director | March 31, 2025 A | 66,766 | 0 | 0 | $0 |
| Michael T Popejoy | Director | March 31, 2022 A | 35,928 | 0 | 0 | $0 |
| Robert Grabb | Director | March 31, 2022 A | 55,682 | 0 | 0 | $0 |
| Joseph Z. Lenz | Director | Jan. 4, 2019 A | 73,200 | 0 | 0 | $0 |
| Delos Cy Jamison | Director | June 1, 2018 A | 199,356 | 0 | 0 | $0 |
| Richard Weber | Director | May 24, 2017 A | 187,308 | 0 | 0 | $0 |
| Toole Loren J O | Director | Jan. 17, 2013 A | 51,000 | 0 | 0 | $0 |
| Carter Stewart | Director | Nov. 30, 2010 A | 83,000 | 0 | 0 | $0 |
| Robert B. Rowling | 10% owner | Jan. 5, 2022 J | 8,963,719 | 0 | 0 | $0 |
| Cresta Greenwood, LLC | 10% owner | Nov. 18, 2021 S | 0 | 0 | 0 | $0 |
| GERACI JOSEPH ANTHONY II | 10% owner | May 30, 2008 S | 2,445,000 | 0 | 0 | $0 |
| POLINSKY DOUGLAS MICHAEL | 10% owner | April 14, 2008 S | 816,000 | 0 | 0 | $0 |
| Lisa Jill Howells | · | March 20, 2007 A | 442,985 | 0 | 0 | $0 |
| Sarah Edson Jenson | · | March 20, 2007 A | 442,984 | 0 | 0 | $0 |
| Duane S Jenson | · | March 20, 2007 D | 98,441 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 53 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCE · Invesco Exchange-Traded Fund Trust … | 2.24% | 97,580 SH | Oct. 2, 2026 | Daily |
| GUSH · Direxion Shares ETF Trust | 1.29% | 151,683 NS | July 31, 2026 | N-PORT |
| VRAI · ETFis Series Trust I | 1.16% | 10,223 NS | July 31, 2026 | N-PORT |
| OSCV · ETF Series Solutions | 0.93% | 309,460 NS | July 31, 2026 | N-PORT |
| IEO · iShares Trust | 0.40% | 115,697 SH | Sept. 11, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.35% | 1,983 NS | July 31, 2026 | N-PORT |
| RZV · Invesco Exchange-Traded Fund Trust | 0.34% | 38,923 SH | Oct. 2, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.29% | 26,337 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.26% | 293,674 SH | Oct. 2, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.20% | 221,852 SH | Aug. 19, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.17% | 77,309 SH | Aug. 19, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.16% | 602,013 NS | July 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.15% | 96,125 NS | July 31, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.13% | 3,806 NS | July 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.13% | 106,552 SH | Oct. 2, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.12% | 92,610 SH | Aug. 19, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.11% | 748,815 NS | July 31, 2026 | N-PORT |
| FENY · FIDELITY COVINGTON TRUST | 0.10% | 99,064 NS | July 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.10% | 365,964 SH | Aug. 19, 2026 | Daily |
| VDE · VANGUARD WORLD FUND | 0.10% | 598,367 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.09% | 2,703,466 SH | Sept. 11, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 21,563 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.07% | 50,484 NS | July 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 23,070 NS | July 31, 2026 | N-PORT |
| IGE · iShares Trust | 0.07% | 20,575 SH | Sept. 11, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.06% | 606,752 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.06% | 4,554 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.04% | 1,465,826 SH | Aug. 19, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.04% | 262,613 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.03% | 7,701 SH | Sept. 11, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 3,234 SH | Oct. 2, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.03% | 6,854 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,202,430 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 2,308,590 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 11,850 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.01% | 78,565 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 15,992 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.01% | 410,463 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 221,212 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.01% | 36,384 SH | Oct. 2, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.01% | 435,000 SH | Sept. 9, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 153,159 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 25,101 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 24,855 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 13,319 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,199,011 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 79,695 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 8,903 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 6,376,055 SH | Sept. 10, 2026 | Daily |
| IJS · iShares Trust | · | 932,489 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 993,664 SH | Sept. 11, 2026 | Daily |
| ISCB · iShares Trust | · | 3,757 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 18,816 SH | Sept. 11, 2026 | Daily |
NOG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 13 analysts
BUY
Median target
$30.00
+25.4%
4 30.8%
Strong Buy
3 23.1%
Buy
5 38.5%
Hold
1 7.7%
Sell
0 0.0%
Strong Sell
12-Month Price Target
9 analysts · 2026-10-02Mean target $30.44 +27.2%
← Below all targets
Current price $23.93
Low$25.00
Mean$30.44
High$38.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NOG | $2.09B | 55.1 | 11.2% | 1.6% | 1.7% | · |
| CRK | $6.79B | 16.2 | 77.0% | 17.8% | 16.2% | · |
| BSM | · | · | 8.3% | 63.8% | · | · |
| TALO | $1.86B | -3.9 | -9.8% | -27.8% | -21.1% | · |
| GPOR | $3.91B | 9.7 | 48.5% | 30.1% | 23.8% | · |
| BKV | $2.63B | 13.2 | 47.9% | · | 10.3% | · |
| KRP | · | · | 7.9% | 29.8% | · | · |
| MNR | · | 10.1 | 21.2% | 12.2% | · | · |
| PBT | · | · | · | · | · | · |
| KOS | · | -0.6 | -23.1% | -54.3% | -90.5% | · |
| COP | · | 14.7 | 7.7% | 13.6% | 12.3% | · |
Latest News Recent headlines mentioning this company
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Source: SEC 10-Q filed Aug 7, 2026