Northern Oil & Gas (NOG) Cost of Revenue (2011 - 2026)
Northern Oil & Gas' (NOG) quarterly Cost of Revenue came in at $129.7 million in Q1 2026, up 13.77% year-on-year from $114.0 million in Q1 2025, and up 8.23% quarter-over-quarter from $119.9 million in Q4 2025.
Northern Oil & Gas (NOG) Cost of Revenue (2011 - 2026) Analysis & Trends
Northern Oil & Gas' Cost of Revenue history runs 16 years deep, the most recent figure standing at $129.7 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 13.77% year-over-year to $129.7 million in Q1 2026; TTM through Mar 2026 was $489.4 million, a 11.63% increase from a year earlier, with the FY2025 full-year figure at $473.7 million, up 10.21% from the prior year.
- Cost of Revenue advanced to $129.7 million in Q1 2026 per NOG's latest filing, from $119.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $129.7 million in Q1 2026 and bottomed at $54.5 million in Q1 2022.
- The 5-year median for Cost of Revenue is $102.1 million (2023), against an average of $96.5 million.
- Across the five-year window, Cost of Revenue surged 58.95% in 2022 and advanced 2.83% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $73.0 million in 2022, then jumped by 39.78% to $102.1 million in 2023, then gained by 14.23% to $116.6 million in 2024, then grew by 2.83% to $119.9 million in 2025, then grew by 8.23% to $129.7 million in 2026.
- Per Business Quant, the three latest NOG Cost of Revenue figures stand at $129.7 million (Q1 2026), $119.9 million (Q4 2025), and $118.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 6.28 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 24.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 326.00 Mn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 356.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 385.02 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 894.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 185.00 Mn |
| 10 | Northern Oil & Gas | 2.00 Bn | 1.96 Bn | -124.72 Mn | 129.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 129.75 Mn |
| Mar 31, 2026 | 129.75 Mn |
| Dec 31, 2025 | 119.88 Mn |
| Dec 31, 2025 | 119.88 Mn |
| Sep 30, 2025 | 118.32 Mn |
| Sep 30, 2025 | 118.32 Mn |
| Jun 30, 2025 | 121.43 Mn |
| Jun 30, 2025 | 121.43 Mn |
| Mar 31, 2025 | 114.04 Mn |
| Mar 31, 2025 | 114.04 Mn |
| Dec 31, 2024 | 116.58 Mn |
| Dec 31, 2024 | 116.58 Mn |
| Sep 30, 2024 | 106.90 Mn |
| Sep 30, 2024 | 106.90 Mn |
| Jun 30, 2024 | 100.86 Mn |
| Jun 30, 2024 | 100.86 Mn |
| Mar 31, 2024 | 105.45 Mn |
| Mar 31, 2024 | 105.45 Mn |
| Dec 31, 2023 | 102.06 Mn |
| Dec 31, 2023 | 102.06 Mn |