Northern Oil & Gas (NOG) Debt Ratio (2011 - 2026)
Northern Oil & Gas (NOG) posted quarterly Debt Ratio of 0.46 for Q1 2026, up 13.63% year-over-year from 0.41 in Q1 2025, and up 4.48% quarter-over-quarter from 0.44 in Q4 2025.
Northern Oil & Gas (NOG) Debt Ratio (2011 - 2026) Analysis & Trends
Northern Oil & Gas' Debt Ratio history runs 16 years deep, the most recent figure standing at 0.46 for Q1 2026.
- In Q1 2026, Debt Ratio rose 13.63% year-over-year to 0.46; the TTM figure through Mar 2026 stood at 0.46 (up 13.63% YoY), while the FY2025 annual figure was 0.44, up 4.74% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.46, up from 0.44 in the prior quarter.
- The five-year high for Debt Ratio was 0.55 in Q1 2022, with the low at 0.39 in Q3 2024.
- The 5-year median for Debt Ratio is 0.44 (2025), against an average of 0.45.
- The sharpest annual moves came in 2022 and 2026: Debt Ratio plunged 40.9% in 2022, then rose 13.63% in 2026.
- Northern Oil & Gas' Debt Ratio stood at 0.53 in 2022, then declined by 23.35% to 0.41 in 2023, then grew by 3.29% to 0.42 in 2024, then grew by 4.74% to 0.44 in 2025, then advanced by 4.48% to 0.46 in 2026.
- Business Quant data shows NOG's Debt Ratio at 0.46 in Q1 2026, 0.44 in Q4 2025, and 0.43 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.52 Bn | 155.83 Bn | 12.81 Bn | 0.19 |
| 2 | Canadian Natural Resources | 106.41 Bn | 104.52 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.10 Bn | 75.19 Bn | - | 0.14 |
| 4 | Diamondback Energy | 59.23 Bn | 58.77 Bn | 5.55 Bn | 0.18 |
| 5 | Woodside Energy | 46.09 Bn | 40.15 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.07 Bn | 45.06 Bn | 6.02 Bn | 0.18 |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 0.17 |
| 8 | Eqt | 33.96 Bn | 33.85 Bn | 1.42 Bn | 0.14 |
| 9 | Texas Pacific Land | 26.49 Bn | 26.24 Bn | - | - |
| 10 | Northern Oil & Gas | 2.88 Bn | 2.80 Bn | 618.15 Mn | 0.47 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.47 |
| Mar 31, 2026 | 0.46 |
| Dec 31, 2025 | 0.44 |
| Sep 30, 2025 | 0.43 |
| Jun 30, 2025 | 0.41 |
| Mar 31, 2025 | 0.41 |
| Dec 31, 2024 | 0.42 |
| Sep 30, 2024 | 0.39 |
| Jun 30, 2024 | 0.40 |
| Mar 31, 2024 | 0.42 |
| Dec 31, 2023 | 0.41 |
| Sep 30, 2023 | 0.48 |
| Jun 30, 2023 | 0.46 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.53 |
| Sep 30, 2022 | 0.47 |
| Jun 30, 2022 | 0.50 |
| Mar 31, 2022 | 0.55 |
| Dec 31, 2021 | 0.53 |
| Sep 30, 2021 | 0.69 |