Northern Oil & Gas (NOG) FCF Margin (2009 - 2026)
Northern Oil & Gas (NOG) recorded FCF Margin of 45.78% in Q3 2026, up 33.11 percentage points from 12.67% a year earlier and up 53.59 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Northern Oil & Gas' FCF Margin came in at -12.09% as of Sep 30, 2026, down 6.88 percentage points year-over-year; for FY2025, it came in at 10.21%, up 22.17 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +1.56 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -11.96% in FY2024 (+19.39 pp), -31.35% in FY2023 (-3.88 pp), -27.47% in FY2022 (+12.24 pp) and -39.71% in FY2021 (-48.36 pp).
- The Q3 2026 figure is the highest quarterly FCF Margin since Q4 2020.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of -769.98 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 767.42 percentage points in Q1 2023, against a drop of 6209.11 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -7.81% (Q2 2026), -6185.38% (Q1 2026) and 0.75% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 16.32% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 1,144.26% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 17.70% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 29.69% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 16.74% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 20.25% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 31.39% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 56.76% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 12.82% |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | 45.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 45.78% |
| Jun 30, 2026 | -7.81% |
| Mar 31, 2026 | -6,185.38% |
| Dec 31, 2025 | 0.75% |
| Sep 30, 2025 | 12.67% |
| Jun 30, 2025 | 4.93% |
| Mar 31, 2025 | 23.73% |
| Dec 31, 2024 | -72.31% |
| Sep 30, 2024 | 0.52% |
| Jun 30, 2024 | 20.91% |
| Mar 31, 2024 | -3.76% |
| Dec 31, 2023 | -4.51% |
| Sep 30, 2023 | -123.09% |
| Jun 30, 2023 | -13.61% |
| Mar 31, 2023 | -32.96% |
| Dec 31, 2022 | -65.43% |
| Sep 30, 2022 | -3.09% |
| Jun 30, 2022 | 22.44% |
| Mar 31, 2022 | -800.38% |
| Sep 30, 2021 | -25.52% |
API Access
Northern Oil & Gas FCF Margin 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=fcf-margin&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();