Northern Oil & Gas (NOG) Cost of Revenue (2017 - 2026)
Northern Oil & Gas (NOG) posted Cost of Revenue of $127.09 million for Q2 2026, up 4.7% from $121.43 million a year earlier but down 2.0% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Cost of Revenue (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Northern Oil & Gas was $495.03 million, up 7.9% year-over-year; for FY2025, it was $473.67 million, up 10.2% from FY2024.
- Annual Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 32.4% (FY2020 to FY2025).
- In prior years, Northern Oil & Gas' Cost of Revenue was $429.79 million in FY2024 (+23.9%), $347.01 million in FY2023 (+33.1%), $260.68 million in FY2022 (+52.6%) and $170.82 million in FY2021 (+46.8%).
- Quarterly Cost of Revenue has run from a low of $43.24 million in Q3 2021 to a high of $129.75 million in Q1 2026 over five years.
- On a year-over-year basis, Cost of Revenue has increased in each of the last 21 quarters, with growth averaging 13.0% over the last eight quarters.
- The year-over-year growth in Cost of Revenue has ranged between 2.8% (Q4 2025) and 79.3% (Q4 2021) over the last five years.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $129.75 million (Q1 2026), $119.88 million (Q4 2025) and $118.32 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.90 Bn | 638.12 Bn | - | - |
| 2 | Shell | 547.48 Bn | 458.03 Bn | 30.13 Bn | 64.53 Bn |
| 3 | Chevron | 408.53 Bn | 386.32 Bn | 33.45 Bn | 36.61 Bn |
| 4 | TotalEnergies SE | 186.30 Bn | 69.43 Bn | - | - |
| 5 | Eni Spa | 172.32 Bn | 121.84 Bn | - | - |
| 6 | Conocophillips | 152.28 Bn | 124.99 Bn | 12.81 Bn | 6.71 Bn |
| 7 | Equinor Asa | 106.44 Bn | 52.50 Bn | - | - |
| 8 | Phillips 66 | 105.58 Bn | 94.57 Bn | 8.38 Bn | 43.66 Bn |
| 9 | Canadian Natural Resources | 100.85 Bn | 97.81 Bn | - | - |
| 10 | Northern Oil & Gas | 2.54 Bn | 2.41 Bn | 618.15 Mn | 127.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 127.09 Mn |
| Mar 31, 2026 | 129.75 Mn |
| Dec 31, 2025 | 119.88 Mn |
| Sep 30, 2025 | 118.32 Mn |
| Jun 30, 2025 | 121.43 Mn |
| Mar 31, 2025 | 114.04 Mn |
| Dec 31, 2024 | 116.58 Mn |
| Sep 30, 2024 | 106.90 Mn |
| Jun 30, 2024 | 100.86 Mn |
| Mar 31, 2024 | 105.45 Mn |
| Dec 31, 2023 | 102.06 Mn |
| Sep 30, 2023 | 82.51 Mn |
| Jun 30, 2023 | 84.35 Mn |
| Mar 31, 2023 | 78.09 Mn |
| Dec 31, 2022 | 73.02 Mn |
| Sep 30, 2022 | 68.48 Mn |
| Jun 30, 2022 | 64.64 Mn |
| Mar 31, 2022 | 54.54 Mn |
| Dec 31, 2021 | 50.57 Mn |
| Sep 30, 2021 | 43.24 Mn |
API Access
Northern Oil & Gas Cost of Revenue 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=cost-of-revenue&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();