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Northern Oil & Gas Valuation Multiples
Discover revenue and EBITDA valuation multiples for Northern Oil & Gas and similar public comparables like Seadrill, Equatorial Energia Pará, Pertamina Geothermal, Paz Retail And Energy and more.
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
Employees
49
Website
Sectors
Financials (LTM)
EV
$5B
Northern Oil & Gas Financials
Northern Oil & Gas reported last 12-month revenue of $2B and EBITDA of $2B.
In the same LTM period, Northern Oil & Gas generated $2B in EBITDA and $81M in net income.
Revenue (LTM)
Northern Oil & Gas P&L
In the most recent fiscal year, Northern Oil & Gas reported revenue of $2B and EBITDA of $2B.
Northern Oil & Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $675M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 65% | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $81M | XXX | $39M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Northern Oil & Gas Stock Performance
Northern Oil & Gas has current market cap of $3B, and enterprise value of $5B.
Market Cap Evolution
Northern Oil & Gas' stock price is $27.93.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $3B | 0.0% | XXX | XXX | XXX | $0.40 |
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Start Free TrialNorthern Oil & Gas Valuation Multiples
Northern Oil & Gas trades at 2.1x EV/Revenue multiple, and 3.2x EV/EBITDA.
EV / Revenue (LTM)
Northern Oil & Gas Financial Valuation Multiples
As of March 7, 2026, Northern Oil & Gas has market cap of $3B and EV of $5B.
Equity research analysts estimate Northern Oil & Gas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Northern Oil & Gas has a P/E ratio of 33.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 3.2x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | 6.9x | XXX | 6.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 7.5x | XXX | XXX | XXX |
| P/E | 33.6x | XXX | 70.3x | XXX | XXX | XXX |
| EV/FCF | 13.7x | XXX | 12.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Northern Oil & Gas Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Northern Oil & Gas Margins & Growth Rates
Northern Oil & Gas' revenue in the last 12 month declined by (13%).
Northern Oil & Gas' revenue per employee in the last FY averaged $49.0M.
Northern Oil & Gas' rule of 40 is 52% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Northern Oil & Gas' rule of X is 32% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Northern Oil & Gas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (13%) | XXX | (17%) | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 65% | XXX | XXX | XXX |
| EBITDA Growth | (12%) | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 52% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $49.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Northern Oil & Gas Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Seadrill | XXX | XXX | XXX | XXX | XXX | XXX |
| Equatorial Energia Pará | XXX | XXX | XXX | XXX | XXX | XXX |
| Pertamina Geothermal | XXX | XXX | XXX | XXX | XXX | XXX |
| Paz Retail And Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Delek Logistics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Northern Oil & Gas M&A Activity
Northern Oil & Gas acquired XXX companies to date.
Last acquisition by Northern Oil & Gas was on XXXXXXXX, XXXXX. Northern Oil & Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Northern Oil & Gas
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNorthern Oil & Gas Investment Activity
Northern Oil & Gas invested in XXX companies to date.
Northern Oil & Gas made its latest investment on XXXXXXXX, XXXXX. Northern Oil & Gas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Northern Oil & Gas
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 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. |
| How many employees does Northern Oil & Gas have? | As of today, Northern Oil & Gas has over 49 employees. |
| Who is the CEO of Northern Oil & Gas? | Northern Oil & Gas' CEO is Nicholas O’Grady. |
| Is Northern Oil & Gas publicly listed? | Yes, Northern Oil & Gas is a public company listed on NYSE. |
| 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? | Northern Oil & Gas main competitors are Seadrill, Equatorial Energia Pará, Pertamina Geothermal, Paz Retail And Energy. |
| What is the current market cap of Northern Oil & Gas? | Northern Oil & Gas' current market cap is $3B. |
| What is the current revenue of Northern Oil & Gas? | Northern Oil & Gas' last 12 months revenue is $2B. |
| What is the current revenue growth of Northern Oil & Gas? | Northern Oil & Gas revenue growth (NTM/LTM) is (13%). |
| What is the current EV/Revenue multiple of Northern Oil & Gas? | Current revenue multiple of Northern Oil & Gas is 2.1x. |
| Is Northern Oil & Gas profitable? | Yes, Northern Oil & Gas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Northern Oil & Gas? | Northern Oil & Gas' last 12 months EBITDA is $2B. |
| What is Northern Oil & Gas' EBITDA margin? | Northern Oil & Gas' last 12 months EBITDA margin is 65%. |
| What is the current EV/EBITDA multiple of Northern Oil & Gas? | Current EBITDA multiple of Northern Oil & Gas is 3.2x. |
| What is the current FCF of Northern Oil & Gas? | Northern Oil & Gas' last 12 months FCF is $368M. |
| What is Northern Oil & Gas' FCF margin? | Northern Oil & Gas' last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Northern Oil & Gas? | Current FCF multiple of Northern Oil & Gas is 13.7x. |
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