Northern Oil & Gas (NOG) Dividend Coverage Ratio (2021 - 2026)
Northern Oil & Gas' (NOG) Dividend Coverage Ratio came in at -2.33 for Q3 2026, compared with -2.95 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 Sep 30, 2026, Dividend Coverage Ratio at Northern Oil & Gas was -2.55; 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.
- Quarterly Dividend Coverage Ratio has run from a low of -36.36 in Q1 2022 to a high of 57.75 in Q4 2021 over five years.
- 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 5.00 (Q2 2026), -11.76 (Q1 2026) and -1.62 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 3.61 |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 2.85 |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 3.97 |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 2.32 |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 11.14 |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | -2.33 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -2.33 |
| 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 |
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();