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
DateValue
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