Northern Oil & Gas (NOG) Equity Ratio (2010 - 2026)

Northern Oil & Gas' Equity Ratio history runs 17 years deep, the most recent figure standing at 0.32 for Q1 2026.

• In Q1 2026, Equity Ratio fell 23.56% year-over-year to 0.32; the TTM figure through Mar 2026 stood at 0.32 (down 23.56% YoY), while the FY2025 annual figure was 0.39, down 5.07% from the prior year.
• Equity Ratio was 0.32 for Q1 2026 at Northern Oil & Gas, down from 0.39 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.46 in Q3 2024 to a low of 0.02 in Q1 2022.
• Historically, Equity Ratio has averaged 0.34 across 5 years, with a median of 0.39 in 2025.
• The sharpest annual moves came in 2023 and 2026: Equity Ratio surged 1897.97% in 2023, then slipped 23.56% in 2026.
• A 5-year view of Equity Ratio shows it stood at 0.26 in 2022, then jumped by 76.17% to 0.46 in 2023, then dropped by 9.32% to 0.41 in 2024, then retreated by 5.07% to 0.39 in 2025, then dropped by 17.69% to 0.32 in 2026.
• The last three Equity Ratio figures came in at 0.32 (Q1 2026), 0.39 (Q4 2025), and 0.41 (Q3 2025), per Business Quant data.