Northern Oil & Gas (NOG) Equity Average (2011 - 2026)

Northern Oil & Gas (NOG) recorded quarterly Equity Average of $2.0 billion in Q1 2026, down 10.52% quarter-over-quarter from $2.2 billion in Q4 2025, and down 17.19% on a YoY basis from $2.4 billion in Q1 2025.

Northern Oil & Gas (NOG) Equity Average (2011 - 2026) Analysis & Trends

Northern Oil & Gas' Equity Average history runs 16 years deep, the most recent figure standing at $2.0 billion for Q1 2026.

  • In Q1 2026, Equity Average fell 17.19% year-over-year to $2.0 billion; the TTM figure through Mar 2026 stood at $2.0 billion (down 17.19% YoY), while the FY2025 annual figure was $2.2 billion, up 1.8% from the prior year.
  • Equity Average was $2.0 billion for Q1 2026 at Northern Oil & Gas, down from $2.2 billion in the prior quarter.
  • In the past five years, Equity Average ranged from a high of $2.4 billion in Q2 2025 to a low of $58.7 million in Q2 2022.
  • Historically, Equity Average has averaged $1.6 billion across 5 years, with a median of $2.0 billion in 2026.
  • The sharpest annual moves came in 2022 and 2026: Equity Average surged 2432.62% in 2022, then dropped 17.19% in 2026.
  • A 5-year view of Equity Average shows it stood at $727.2 million in 2022, then soared by 137.59% to $1.7 billion in 2023, then surged by 34.1% to $2.3 billion in 2024, then dropped by 5.68% to $2.2 billion in 2025, then dropped by 10.52% to $2.0 billion in 2026.
  • The last three Equity Average figures came in at $2.0 billion (Q1 2026), $2.2 billion (Q4 2025), and $2.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - 35.78 Bn
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn -
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 64.51 Bn
4 Eog Resources 72.93 Bn 69.08 Bn - 30.37 Bn
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 38.08 Bn
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 36.72 Bn
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn -
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 26.27 Bn
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn -
10 Northern Oil & Gas 2.04 Bn 2.00 Bn -124.72 Mn 1.96 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.96 Bn
Dec 31, 2025 2.19 Bn
Sep 30, 2025 2.33 Bn
Jun 30, 2025 2.41 Bn
Mar 31, 2025 2.36 Bn
Dec 31, 2024 2.32 Bn
Sep 30, 2024 2.19 Bn
Jun 30, 2024 2.04 Bn
Mar 31, 2024 2.02 Bn
Dec 31, 2023 1.73 Bn
Sep 30, 2023 1.41 Bn
Jun 30, 2023 1.23 Bn
Mar 31, 2023 896.66 Mn
Dec 31, 2022 727.18 Mn
Sep 30, 2022 430.87 Mn
Jun 30, 2022 58.67 Mn
Mar 31, 2022 89.92 Mn
Dec 31, 2021 28.71 Mn
Sep 30, 2021 -162.96 Mn
Jun 30, 2021 -174.45 Mn