Northern Oil & Gas (NOG) FCF Margin (2011 - 2026)
Northern Oil & Gas (NOG) recorded FCF Margin of -7.81% in Q2 2026, down 12.73 percentage points from 4.92% a year earlier but up 6176.48 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) FCF Margin (2011 - 2026) Analysis & Trends
On a TTM basis, Northern Oil & Gas' FCF Margin came in at -15.33% as of Jun 30, 2026, down 7.95 percentage points year-over-year; for FY2025, it came in at 10.24%, up 22.19 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +1.54 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -11.95% in FY2024 (+19.34 pp), -31.29% in FY2023 (-4.12 pp), -27.17% in FY2022 (+12.42 pp) and -39.60% in FY2021 (-48.30 pp).
- Quarterly FCF Margin has ranged from -6184.29% in Q1 2026 to 23.83% in Q1 2025 over the past five years.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of -758.54 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 767.10 percentage points in Q1 2023, against a drop of 6208.12 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -6184.29% (Q1 2026), 0.75% (Q4 2025) and 12.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 27.12% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 25.83% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 26.08% |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 18.84% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 22.59% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 18.76% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 12.55% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 46.29% |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 24.61% |
| 10 | Northern Oil & Gas | 2.44 Bn | 2.31 Bn | 618.15 Mn | -7.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -7.81% |
| Mar 31, 2026 | -6,184.29% |
| Dec 31, 2025 | 0.75% |
| Sep 30, 2025 | 12.72% |
| Jun 30, 2025 | 4.92% |
| Mar 31, 2025 | 23.83% |
| Dec 31, 2024 | -72.30% |
| Sep 30, 2024 | 0.52% |
| Jun 30, 2024 | 20.92% |
| Mar 31, 2024 | -3.75% |
| Dec 31, 2023 | -4.43% |
| Sep 30, 2023 | -123.07% |
| Jun 30, 2023 | -13.56% |
| Mar 31, 2023 | -32.92% |
| Dec 31, 2022 | -65.43% |
| Sep 30, 2022 | -3.09% |
| Jun 30, 2022 | 23.45% |
| Mar 31, 2022 | -800.02% |
| Sep 30, 2021 | -25.41% |
| Jun 30, 2021 | -28.61% |
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();