Industry Revenues:

• Oil production: 70%
• Gas production: 30%

TOP 3 Markets:

• USA: 85%
• Canada: 10%
• Europe: 5%

Northern Oil and Gas, Inc. generates the majority of its revenues from oil and gas production, with oil accounting for the larger share. The main market for the company is the USA, followed by Canada and Europe. These markets are crucial for the company as they provide stable and established sales markets. The focus on the US market reflects the company's strong position in the domestic energy sector.

Production Sites: Bakken Region, Williston Basin, Permian Basin, Appalachian Basin

Northern Oil and Gas, Inc. is an independent energy company that focuses on the exploration and production of oil and natural gas. The company's main production sites are located in the Bakken Region and the Williston Basin, which span parts of North Dakota and Montana. In addition, the company has expanded its operations to the Permian Basin in Texas and the Appalachian Basin to diversify and expand its production capacities.

Revenue Growth: Estimated 10-12% annually (2026 forecast)

Investments in New Technologies: Increased budget for 2026

Expansion of Production Capacities: Planned increase of 15% by 2026

Northern Oil and Gas, Inc. is pursuing a growth strategy based on expanding its production capacities and investing in new technologies. The company plans to increase its production capacities by 15% by 2026 to capitalize on the rising demand for oil and gas.

In addition, Northern Oil and Gas is increasing its investments in new technologies to enhance the efficiency of its extraction methods and reduce operating costs. These investments are intended to boost profit margins and strengthen competitiveness in the market.

Another focus is on geographical expansion and the exploration of new production areas to diversify the resource base and spread risk. These measures are part of a comprehensive strategy to ensure sustainable growth and long-term value creation for shareholders.

Commodities: Crude Oil, Natural Gas

Northern Oil and Gas, Inc. is a company that primarily focuses on the exploration and production of crude oil and natural gas. Being a US-based company that typically utilizes domestic resources, it usually does not import commodities such as crude oil or natural gas from other countries.

The company operates mainly in the USA, particularly in the Bakken, Williston, and Permian Basin regions. Therefore, it is likely that most of the commodities they use are locally sourced.

However, if Northern Oil and Gas, Inc. were to import specific materials or technologies, these could come from countries with a strong oil and gas industry, such as Canada or Norway. Nevertheless, such imports are usually not the core focus of the company.

Market share: 5% in the Bakken oil field (2025, estimate)
Cost structure: 15% below industry average (2025, estimate)
R&D investments: 10 million USD (2025)

Northern Oil and Gas, Inc. has a solid competitive advantage, especially due to its strong presence in the Bakken oil field, one of the most productive oil fields in the USA. The company benefits from an efficient cost structure, which is approximately 15% below the industry average, enabling it to remain profitable even at lower oil prices.

In addition, Northern Oil and Gas continuously invests in research and development to implement innovative technologies for efficiency improvement and cost reduction. These investments amount to approximately 10 million USD in 2025 and help to secure the company's competitiveness.

The company's competitive advantage is strengthened by its ability to form strategic partnerships and leverage its operational flexibility to quickly respond to market changes. This positions Northern Oil and Gas well compared to its competitors in the industry.

Institutional Investor Share: 85% (estimated, 2026)
Insider Buys/Sells: No significant changes (estimated, 2026)

The institutional investor share in Northern Oil and Gas, Inc. is estimated to be around 85%. This suggests that the company is heavily supported by institutional investors, indicating confidence in the long-term strategy and stability of the company.

Regarding insider buys and sells, there have been no significant changes in 2026. This could indicate that the management and other insiders are satisfied with the current company strategy and see no need to make significant changes to their positions.

Market share of Northern Oil and Gas, Inc.: Estimated 2-3% (2026)

Top competitors and their market shares:

1. ExxonMobil: 15%
2. Chevron: 12%
3. ConocoPhillips: 10%
4. EOG Resources: 8%
5. Pioneer Natural Resources: 7%
6. Occidental Petroleum: 6%
7. Devon Energy: 5%
8. Marathon Oil: 4%
9. Hess Corporation: 3%
10. Northern Oil and Gas, Inc.: 2-3%

Northern Oil and Gas, Inc. has a relatively small market share compared to its larger competitors. The company's "moat," or competitive advantage, is less pronounced than that of industry giants like ExxonMobil or Chevron. These larger companies have extensive resources, global presence, and strong brand recognition, giving them significant advantages.

However, Northern Oil and Gas, Inc. could gain a niche advantage through specialized strategies, such as focusing on specific geographic regions or innovative extraction techniques. Nevertheless, the competitive advantage remains limited compared to the leading companies. Larger competitors often have better access to capital and technologies, strengthening their position in the industry.

Revenue Growth: 18% (2025) Profit Growth: 20% (2025) Oil and Gas Production: 10% Increase (2025)

Northern Oil and Gas, Inc. experienced strong revenue growth of 18% and profit growth of 20% in 2025. These positive developments are mainly attributed to the increased oil and gas production, which has grown by 10%.

The company has also invested in new technologies and infrastructure to enhance efficiency and reduce production costs. These strategic investments could potentially lead to further improvement in profit margins in the long term.

Given the solid financial performance and strategic initiatives to increase efficiency and production, Northern Oil and Gas, Inc. could present an attractive investment opportunity. However, potential investors should consider the volatility of the energy market and external factors such as geopolitical risks and regulatory changes.

Dividend Yield: 2.8% (2026, estimated)
Dividend History: Continuous payout since 2021

Northern Oil and Gas, Inc. has paid a dividend in recent years and consistently increased its payout. The dividend yield of 2.8% in 2026 indicates an attractive payout compared to other companies in the industry.

The reliability of the dividend is supported by the company's stable financial performance. Northern Oil and Gas has not only maintained but also increased its payouts in recent years, indicating a solid earnings position and a strategic focus on shareholder returns. Analysts estimate that the company will continue its dividend policy unless significant market changes or economic challenges occur.