All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
3 warning events since 2017; the latest 2022-02-14.
From the record
Northern Oil and Gas, Inc.'s filings since 2017 show 3 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2022-02-14); an auditor change (8-K item 4.01, 2 times, the latest 2018-07-09) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+37.1% a year over 10 filed years; profitable in 6 of 10.
From the record
Northern Oil and Gas, Inc.'s 10 filed years say what it did: revenue went from $145 million in fiscal 2016 to $2.5 billion in fiscal 2025, up 37.1% a year; it rose in 7 of 9 years; the deepest fall was 30% from fiscal 2018 to fiscal 2019; net income was positive in 6 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 4.6% a year. 15% of cash flow returned. Insiders: 0 sales, 3 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Northern Oil and Gas, Inc.'s diluted share count grew about 4.6% a year, and dividends and buybacks returned about 15% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 3 purchases of their own stock on the open market in the year to 2026-10-05, buying about $1 million (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 2%: 2¢ of profit per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Northern Oil and Gas, Inc. earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 37 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count shrank 1.9% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 38% of 76 in its family; net margin 1.6%.
From the record
Northern Oil and Gas, Inc.'s standing among 76 graded names in its industry family: revenue of $2.5 billion in fiscal 2025 ranks in the top 33% by size; a net margin of 1.6% ranks in the bottom 34%; revenue growth of 16.4% a year over the last 3 filed years ranks in the top 15% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 14% of 51 in its family for leadership; chief executive since 2020.
From the record
Northern Oil and Gas, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is O'Grady, Nicholas L. (CEO, as filed), filing under that title since 2020-03-17, 6.7 years (top 18% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 8.5 years (top 13%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 11%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 48% of 74 in its family for room to expand.
From the record
Northern Oil and Gas, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $14 million against debt of $2.4 billion leaves -44% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is 60.8% of revenue (top 13%); a gross margin of 80.9% (top 36%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 46% of 72 in its family for growth drivers.
From the record
Northern Oil and Gas, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 16.4% a year over the last three filed years against 37.1% over all 10, slowing (bottom 38% of its family); the newest year grew 11.2% (top 34%); capital spending grew -1.5% a year (bottom 33%) (its annual reports). Northern Oil and Gas, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 24% of 69 in its family for expectations against reality.
From the record
Northern Oil and Gas, Inc.'s newest year against its own record: revenue of $2.5 billion in fiscal 2025 came in 6.6% below the $2.6 billion its prior three years' pace pointed to (bottom 28% of its family); net income of $39 million against a prior three-year average of $739 million (bottom 24%); a net margin of 1.6% against 38.4% before (bottom 20%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made