Northern Oil & Gas (NOG) Cost of Revenue (2011 - 2026)

Northern Oil & Gas' Cost of Revenue history runs 16 years deep, the most recent figure standing at $129.7 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 13.77% year-over-year to $129.7 million; the TTM figure through Mar 2026 stood at $147.0 million (down 57.52% YoY), while the FY2025 annual figure was $131.3 million, down 69.44% from the prior year.
• Cost of Revenue was $129.7 million for Q1 2026 at Northern Oil & Gas, up from -$222.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $129.7 million in Q1 2026 to a low of -$222.5 million in Q4 2025.
• Historically, Cost of Revenue has averaged $55.7 million across 5 years, with a median of $78.1 million in 2023.
• Biggest YoY gain for Cost of Revenue was 706.46% in 2025; the steepest drop was 290.81% in 2025.
• A 5-year view of Cost of Revenue shows it stood at -$29.5 million in 2022, then jumped by 255.79% to $45.9 million in 2023, then surged by 153.98% to $116.6 million in 2024, then tumbled by 290.81% to -$222.5 million in 2025, then soared by 158.33% to $129.7 million in 2026.
• The last three Cost of Revenue figures came in at $129.7 million (Q1 2026), -$222.5 million (Q4 2025), and $118.3 million (Q3 2025), per Business Quant data.