Northern Oil & Gas (NOG) Accumulated Expenses (2009 - 2026)
Northern Oil & Gas' Accumulated Expenses was $449.82 million in Q3 2026, up 34.5% from $334.51 million a year earlier and up 12.7% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Accumulated Expenses (2009 - 2026) Analysis & Trends
At the end of FY2025, Accumulated Expenses at Northern Oil & Gas came in at $320.67 million, up 1.2% from FY2024.
- Accumulated Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 33.0% (FY2020 to FY2025).
- In earlier years, Accumulated Expenses was $316.78 million in FY2024 (+81.9%), $174.16 million in FY2023 (+19.2%), $146.08 million in FY2022 (+15.9%) and $126.09 million in FY2021 (+63.7%).
- The Q3 2026 figure marks the highest quarterly Accumulated Expenses in data going back to Q1 2009.
- Compared with a year earlier, Accumulated Expenses has increased for 22 straight quarters, with growth averaging 36.6% over the last eight quarters.
- The year-over-year growth in Accumulated Expenses has ranged between 1.2% (Q4 2025) and 82.5% (Q1 2022) over the last five years.
- Per Business Quant data, NOG's Accumulated Expenses in the three quarters before Q3 2026 was $399.18 million (Q2 2026), $402.09 million (Q1 2026) and $320.67 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 449.82 Mn |
| Jun 30, 2026 | 399.18 Mn |
| Mar 31, 2026 | 402.09 Mn |
| Dec 31, 2025 | 320.67 Mn |
| Sep 30, 2025 | 334.51 Mn |
| Jun 30, 2025 | 310.16 Mn |
| Mar 31, 2025 | 300.07 Mn |
| Dec 31, 2024 | 316.78 Mn |
| Sep 30, 2024 | 265.28 Mn |
| Jun 30, 2024 | 242.64 Mn |
| Mar 31, 2024 | 189.55 Mn |
| Dec 31, 2023 | 174.16 Mn |
| Sep 30, 2023 | 186.96 Mn |
| Jun 30, 2023 | 207.71 Mn |
| Mar 31, 2023 | 177.29 Mn |
| Dec 31, 2022 | 146.08 Mn |
| Sep 30, 2022 | 120.82 Mn |
| Jun 30, 2022 | 148.61 Mn |
| Mar 31, 2022 | 143.11 Mn |
| Dec 31, 2021 | 126.09 Mn |
API Access
Northern Oil & Gas Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "NOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();