Northern Oil & Gas (NOG) Debt to Equity (2010 - 2026)

Northern Oil & Gas' Debt to Equity history runs 17 years deep, the most recent figure standing at $1.58 for Q1 2026.

• In Q1 2026, Debt to Equity rose 61.99% year-over-year to $1.58; the TTM figure through Mar 2026 stood at $1.58 (up 61.99% YoY), while the FY2025 annual figure was $1.13, up 9.41% from the prior year.
• Debt to Equity was $1.58 for Q1 2026 at Northern Oil & Gas, up from $1.13 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $9.47 in Q2 2022 to a low of -$42.42 in Q1 2022.
• Historically, Debt to Equity has averaged -$0.83 across 5 years, with a median of $1.05 in 2025.
• Biggest YoY gain for Debt to Equity was 298.66% in 2022; the steepest drop was 837.46% in 2022.
• A 5-year view of Debt to Equity shows it stood at $2.06 in 2022, then plunged by 56.09% to $0.9 in 2023, then increased by 13.82% to $1.03 in 2024, then climbed by 9.41% to $1.13 in 2025, then soared by 39.98% to $1.58 in 2026.
• The last three Debt to Equity figures came in at $1.58 (Q1 2026), $1.13 (Q4 2025), and $1.05 (Q3 2025), per Business Quant data.