Northern Oil & Gas Inc (NOG) — Cash Flow Quality Index

Latest as of June 2026: 1.36x

Northern Oil & Gas Inc (NOG) has a Cash Flow Quality Index of 1.36x as of June 2026. Operating cash flow of $321.62 Million exceeds net income of $236.63 Million, indicating high earnings quality where cash backs reported profits. Explore Northern Oil & Gas Inc cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

1.36x
Operating CF / Net Income

Operating Cash Flow

$321.62 Million
USD

Net Income

$236.63 Million
USD

Data as of

Jun 2026
Most recent filing

Northern Oil & Gas Inc Cash Flow Quality Index (2008–2025)

Historical Cash Flow Quality Index for Northern Oil & Gas Inc across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Northern Oil & Gas Inc cash flow conversion.

Annual Cash Flow Quality Index for Northern Oil & Gas Inc (2008–2025)

Year-by-year earnings quality comparison for Northern Oil & Gas Inc.

Year Quality Index Operating CF (USD) Net Income YoY Change
2025 38.84x $1.51 Billion $38.76 Million ▲ +1334.4%
2024 2.71x $1.41 Billion $520.31 Million ▲ +111.2%
2023 1.28x $1.18 Billion $922.97 Million ▲ +6.8%
2022 1.20x $928.42 Million $773.24 Million ▼ -98.1%
2021 62.33x $396.47 Million $6.36 Million ▲ +3566.5%
2018 1.70x $244.26 Million $143.69 Million ▲ +1.5%
2014 1.67x $274.26 Million $163.75 Million ▼ -60.1%
2013 4.20x $222.77 Million $53.07 Million ▲ +52.9%
2012 2.75x $198.53 Million $72.28 Million ▲ +31.0%
2011 2.10x $85.15 Million $40.61 Million ▼ -80.2%
2010 10.60x $73.31 Million $6.92 Million ▲ +202.3%
2009 3.51x $9.81 Million $2.80 Million ▲ +230.1%
2008 1.06x $2.51 Million $2.36 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.