Northern Oil & Gas (NOG) Asset Utilization Ratio (2011 - 2026)
Northern Oil & Gas' (NOG) Asset Utilization Ratio was 0.34 for Q2 2026, down 25.4% from 0.45 a year earlier and down 1.7% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025, Asset Utilization Ratio at Northern Oil & Gas was 0.45, up 1.9% from FY2024.
- By year, Asset Utilization Ratio came in at 0.44 in FY2024 (-25.0%), 0.59 in FY2023 (-17.6%), 0.71 in FY2022 (+72.1%) and 0.41 in FY2021 (+4.4%).
- The Q2 2026 figure ranks as the lowest quarterly Asset Utilization Ratio since Q2 2022.
- Year over year, Asset Utilization Ratio gained in three of the last eight quarters, with an average decline of 6.3%.
- The high point for year-over-year Asset Utilization Ratio in five years was Q1 2023 (growth of 234.7%); the low point was Q4 2021 (a decline of 48.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.34 (Q1 2026), 0.45 (Q4 2025) and 0.43 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn | 0.79 |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn | 0.65 |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - | 0.53 |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - | 0.57 |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn | 0.53 |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - | 83.27 |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn | 1.89 |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - | - |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - | 0.60 |
| 10 | Northern Oil & Gas | 2.42 Bn | 2.29 Bn | 618.15 Mn | 0.34 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.34 |
| Mar 31, 2026 | 0.34 |
| Dec 31, 2025 | 0.45 |
| Sep 30, 2025 | 0.43 |
| Jun 30, 2025 | 0.45 |
| Mar 31, 2025 | 0.43 |
| Dec 31, 2024 | 0.42 |
| Sep 30, 2024 | 0.51 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.43 |
| Dec 31, 2023 | 0.49 |
| Sep 30, 2023 | 0.44 |
| Jun 30, 2023 | 0.63 |
| Mar 31, 2023 | 0.70 |
| Dec 31, 2022 | 0.61 |
| Sep 30, 2022 | 0.48 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.21 |
| Dec 31, 2021 | 0.36 |
| Sep 30, 2021 | 0.59 |
API Access
Northern Oil & Gas Asset Utilization Ratio 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=asset-utilization-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "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=asset-utilization-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();