Northern Oil & Gas (NOG) Capital Expenditures (2010 - 2026)
Northern Oil & Gas' Capital Expenditures was $379.81 million in Q2 2026, up 16.0% from $327.36 million a year earlier but down 40.2% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Capital Expenditures (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Northern Oil & Gas' Capital Expenditures was $1.67 billion through Jun 30, 2026, up 2.4% year-over-year; for FY2025, it was $1.25 billion, down 25.3% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 34.6% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $1.67 billion in FY2024 (-10.0%), $1.86 billion in FY2023 (+37.3%), $1.36 billion in FY2022 (+128.4%) and $593.23 million in FY2021 (+109.2%).
- Quarterly Capital Expenditures has moved between $106.74 million (Q2 2022) and $662.62 million (Q4 2024) over five years.
- Compared with a year earlier, Capital Expenditures was higher in four of the last eight quarters, with growth averaging 17.6%.
- The best year-over-year quarter for Capital Expenditures over five years was Q4 2021 (growth of 249.6%); the worst was Q4 2025 (a decline of 53.5%).
- Per Business Quant data, NOG's Capital Expenditures in the three quarters before Q2 2026 was $634.62 million (Q1 2026), $308.03 million (Q4 2025) and $352.34 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | -4.24 Bn |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 4.54 Bn |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | -5.25 Bn |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | - |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 3.02 Bn |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 2.87 Bn |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 726.00 Mn |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 1.35 Bn |
| 10 | Northern Oil & Gas | 2.44 Bn | 2.31 Bn | 618.15 Mn | 379.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 379.81 Mn |
| Mar 31, 2026 | 634.62 Mn |
| Dec 31, 2025 | 308.03 Mn |
| Sep 30, 2025 | 352.34 Mn |
| Jun 30, 2025 | 327.36 Mn |
| Mar 31, 2025 | 263.97 Mn |
| Dec 31, 2024 | 662.62 Mn |
| Sep 30, 2024 | 381.82 Mn |
| Jun 30, 2024 | 223.17 Mn |
| Mar 31, 2024 | 407.01 Mn |
| Dec 31, 2023 | 377.50 Mn |
| Sep 30, 2023 | 650.26 Mn |
| Jun 30, 2023 | 372.40 Mn |
| Mar 31, 2023 | 460.98 Mn |
| Dec 31, 2022 | 529.74 Mn |
| Sep 30, 2022 | 301.24 Mn |
| Jun 30, 2022 | 106.74 Mn |
| Mar 31, 2022 | 417.48 Mn |
| Dec 31, 2021 | 228.75 Mn |
| Sep 30, 2021 | 160.39 Mn |
API Access
Northern Oil & Gas Capital Expenditures 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=capital-expenditures&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "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=capital-expenditures&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();