Northern Oil & Gas (NOG) Capital Expenditures (2010 - 2026)

Northern Oil & Gas' (NOG) quarterly Capital Expenditures came in at $55000.0 in Q1 2026, down 99.98% year-on-year from $264.0 million in Q1 2025, and up 100.01% quarter-over-quarter from -$942.9 million in Q4 2025.

Northern Oil & Gas (NOG) Capital Expenditures (2010 - 2026) Analysis & Trends

Northern Oil & Gas' Capital Expenditures history runs 17 years deep, the most recent figure standing at $55000.0 for Q1 2026.

  • On a quarterly basis, Capital Expenditures fell 99.98% year-over-year to $55000.0 in Q1 2026; TTM through Mar 2026 was -$263.2 million, a 113.57% decrease from a year earlier, with the FY2025 full-year figure at $759000.0, down 99.95% from the prior year.
  • Capital Expenditures climbed to $55000.0 in Q1 2026 per NOG's latest filing, from -$942.9 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $1.7 billion in Q4 2024 and bottomed at -$942.9 million in Q4 2025.
  • The 5-year median for Capital Expenditures is $238000.0 (2023), against an average of $98.9 million.
  • Across the five-year window, Capital Expenditures tumbled 378387.1% in 2022 and soared 1258980.77% in 2025, its largest moves.
  • Year by year, Capital Expenditures stood at -$820.9 million in 2022, then jumped by 100.08% to $648000.0 in 2023, then soared by 258312.5% to $1.7 billion in 2024, then sank by 156.31% to -$942.9 million in 2025, then surged by 100.01% to $55000.0 in 2026.
  • Per Business Quant, the three latest NOG Capital Expenditures figures stand at $55000.0 (Q1 2026), -$942.9 million (Q4 2025), and $352.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 2.95 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - 153.00 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 933.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 1.55 Bn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 650.17 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 839.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 707.00 Mn
10 Northern Oil & Gas 2.00 Bn 1.96 Bn -124.72 Mn 55,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 55,000.00
Mar 31, 2026 55,000.00
Dec 31, 2025 -942.91 Mn
Dec 31, 2025 -942.91 Mn
Sep 30, 2025 352.34 Mn
Sep 30, 2025 352.34 Mn
Jun 30, 2025 327.36 Mn
Jun 30, 2025 327.36 Mn
Mar 31, 2025 263.97 Mn
Mar 31, 2025 263.97 Mn
Dec 31, 2024 1.67 Bn
Dec 31, 2024 1.67 Bn
Sep 30, 2024 37,000.00
Sep 30, 2024 37,000.00
Jun 30, 2024 26,000.00
Jun 30, 2024 26,000.00
Mar 31, 2024 50,000.00
Mar 31, 2024 50,000.00
Dec 31, 2023 648,000.00
Dec 31, 2023 648,000.00