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Northern Oil & Gas Valuation Multiples

Discover revenue and EBITDA valuation multiples for Northern Oil & Gas and similar public comparables like AGL Energy, TAQA, and Dana Gas.

Northern Oil & Gas Overview

About Northern Oil & Gas

Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company’s oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).


Founded

2006

HQ

United States of America
Employees

49

Website

northernoil.com

Financials

LTM Revenue $2.2B

LTM EBITDA $1.6B

EV

$4.6B

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Northern Oil & Gas Financials

Northern Oil & Gas has a last 12-month revenue of $2.2B and a last 12-month EBITDA of $1.6B.

In the most recent fiscal year, Northern Oil & Gas achieved revenue of $2.2B and an EBITDA of $1.6B.

Northern Oil & Gas expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Northern Oil & Gas P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $1.9B $2.2B XXX XXX XXX
Gross Profit $1.3B $914M XXX XXX XXX
Gross Margin 69% 42% XXX XXX XXX
EBITDA $1.6B $1.6B XXX XXX XXX
EBITDA Margin 85% 73% XXX XXX XXX
Net Profit $773M $923M XXX XXX XXX
Net Margin 41% 43% XXX XXX XXX
Net Debt $1.5B $1.8B XXX XXX XXX

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Northern Oil & Gas Stock Performance

As of April 15, 2025, Northern Oil & Gas's stock price is $23.

Northern Oil & Gas has current market cap of $2.2B, and EV of $4.6B.

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Northern Oil & Gas Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$4.6B $2.2B XXX XXX XXX XXX $5.05

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Northern Oil & Gas Valuation Multiples

As of April 15, 2025, Northern Oil & Gas has market cap of $2.2B and EV of $4.6B.

Northern Oil & Gas's trades at 2.1x LTM EV/Revenue multiple, and 2.9x LTM EBITDA.

Analysts estimate Northern Oil & Gas's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Northern Oil & Gas Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $4.6B XXX XXX XXX
EV/Revenue 2.1x XXX XXX XXX
EV/EBITDA 2.9x XXX XXX XXX
P/E 4.3x XXX XXX XXX
P/E/Growth -0.6x XXX XXX XXX
EV/FCF -16.3x XXX XXX XXX

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Northern Oil & Gas Valuation Multiples

Northern Oil & Gas's NTM/LTM revenue growth is 3%

Northern Oil & Gas's revenue per employee for the last fiscal year averaged $44.2M, while opex per employee averaged $1.2M for the same period.

Over next 12 months, Northern Oil & Gas's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Northern Oil & Gas's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Northern Oil & Gas Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 13% XXX XXX XXX XXX
EBITDA Margin 73% XXX XXX XXX XXX
EBITDA Growth -3% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 76% XXX XXX XXX XXX
Revenue per Employee $44.2M XXX XXX XXX XXX
Opex per Employee $1.2M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 2% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 3% XXX XXX XXX XXX

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Northern Oil & Gas Public Comps

See public comps and valuation multiples for Energy Exploration & Generation and Fossil Fuels comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ADNOC Drilling Company XXX XXX XXX XXX XXX XXX
ADNOC Gas XXX XXX XXX XXX XXX XXX
Dana Gas XXX XXX XXX XXX XXX XXX
TAQA XXX XXX XXX XXX XXX XXX
AGL Energy XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Northern Oil & Gas M&A and Investment Activity

Northern Oil & Gas acquired  XXX companies to date.

Last acquisition by Northern Oil & Gas was  XXXXXXXX, XXXXX XXXXX XXXXXX . Northern Oil & Gas acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Northern Oil & Gas

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Northern Oil & Gas

When was Northern Oil & Gas founded? Northern Oil & Gas was founded in 2006.
Where is Northern Oil & Gas headquartered? Northern Oil & Gas is headquartered in United States of America.
How many employees does Northern Oil & Gas have? As of today, Northern Oil & Gas has 49 employees.
Who is the CEO of Northern Oil & Gas? Northern Oil & Gas's CEO is Mr. Nicholas O’Grady.
Is Northern Oil & Gas publicy listed? Yes, Northern Oil & Gas is a public company listed on NYS.
What is the stock symbol of Northern Oil & Gas? Northern Oil & Gas trades under NOG ticker.
When did Northern Oil & Gas go public? Northern Oil & Gas went public in 2007.
Who are competitors of Northern Oil & Gas? Similar companies to Northern Oil & Gas include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA.
What is the current market cap of Northern Oil & Gas? Northern Oil & Gas's current market cap is $2.2B
What is the current revenue of Northern Oil & Gas? Northern Oil & Gas's last 12-month revenue is $2.2B.
What is the current EBITDA of Northern Oil & Gas? Northern Oil & Gas's last 12-month EBITDA is $1.6B.
What is the current EV/Revenue multiple of Northern Oil & Gas? Current revenue multiple of Northern Oil & Gas is 2.1x.
What is the current EV/EBITDA multiple of Northern Oil & Gas? Current EBITDA multiple of Northern Oil & Gas is 2.9x.
What is the current revenue growth of Northern Oil & Gas? Northern Oil & Gas revenue growth between 2023 and 2024 was 13%.
Is Northern Oil & Gas profitable? Yes, Northern Oil & Gas is EBITDA-positive (as of the last 12 months).

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