Northern Oil & Gas (NOG) Dividend Coverage Ratio (2021 - 2026)
Northern Oil & Gas' (NOG) Dividend Coverage Ratio came in at 5.00 for Q2 2026, up 122.1% from 2.25 a year earlier.
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Analysis
Northern Oil & Gas (NOG) Dividend Coverage Ratio (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Dividend Coverage Ratio at Northern Oil & Gas was -2.71; for FY2025, it came in at 0.22, down 93.0% from FY2024.
- Annual Dividend Coverage Ratio has declined for three consecutive years.
- In prior years, Northern Oil & Gas' Dividend Coverage Ratio was 3.21 in FY2024 (-56.9%), 7.45 in FY2023 (-47.2%), 14.10 in FY2022 and -1.70 in FY2021.
- The Q2 2026 figure stands as the highest quarterly Dividend Coverage Ratio since Q3 2024.
- On a year-over-year basis, Dividend Coverage Ratio increased in two of the last four quarters, with growth averaging 221.7%.
- The strongest year-over-year quarter for Dividend Coverage Ratio in the past five years was Q3 2024, with growth of 883.9%; the weakest was Q3 2023, with a decline of 98.0%.
- According to Business Quant data, Dividend Coverage Ratio for the three prior quarters was -11.76 (Q1 2026), -1.62 (Q4 2025) and -2.95 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 5.00 |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 3.45 |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 2.60 |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | - |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 3.84 |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | - |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 7.57 |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 5.29 |
| 10 | Northern Oil & Gas | 2.47 Bn | 2.34 Bn | 618.15 Mn | 5.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.00 |
| Mar 31, 2026 | -11.76 |
| Dec 31, 2025 | -1.62 |
| Sep 30, 2025 | -2.95 |
| Jun 30, 2025 | 2.25 |
| Mar 31, 2025 | 3.33 |
| Dec 31, 2024 | 1.72 |
| Sep 30, 2024 | 7.49 |
| Jun 30, 2024 | 3.44 |
| Mar 31, 2024 | 0.29 |
| Dec 31, 2023 | 11.03 |
| Sep 30, 2023 | 0.76 |
| Jun 30, 2023 | 5.80 |
| Mar 31, 2023 | 13.36 |
| Dec 31, 2022 | 6.79 |
| Sep 30, 2022 | 38.70 |
| Jun 30, 2022 | 22.09 |
| Mar 31, 2022 | -36.36 |
| Dec 31, 2021 | 57.75 |
| Sep 30, 2021 | 4.53 |
API Access
Northern Oil & Gas Dividend Coverage Ratio 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=dividend-coverage-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "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=dividend-coverage-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();