Northern Oil & Gas (NOG) FCF Payout Ratio (2021 - 2026)

Northern Oil & Gas' (NOG) quarterly FCF Payout Ratio came in at 0.14 in Q1 2026, down 52.75% year-on-year from 0.29 in Q1 2025, and up 294.92% quarter-over-quarter from 0.03 in Q4 2025.

Northern Oil & Gas (NOG) FCF Payout Ratio (2021 - 2026) Analysis & Trends

Northern Oil & Gas' FCF Payout Ratio history runs 6 years deep, the most recent figure standing at 0.14 for Q1 2026.

  • On a quarterly basis, FCF Payout Ratio fell 52.75% year-over-year to 0.14 in Q1 2026; TTM through Mar 2026 was 0.1, a 132.92% increase from a year earlier, with the FY2025 full-year figure at 0.12, up 118.93% from the prior year.
  • FCF Payout Ratio rose to 0.14 in Q1 2026 per NOG's latest filing, from 0.03 in the prior quarter.
  • Across five years, FCF Payout Ratio topped out at 1.27 in Q2 2025 and bottomed at 0.04 in Q3 2022.
  • The 5-year median for FCF Payout Ratio is 0.1 (2024), against an average of 0.19.
  • Across the five-year window, FCF Payout Ratio plunged 464.61% in 2022 and soared 982.46% in 2025, its largest moves.
  • Year by year, FCF Payout Ratio stood at 0.02 in 2022, then jumped by 482.22% to 0.1 in 2023, then sank by 129.26% to 0.03 in 2024, then surged by 215.33% to 0.03 in 2025, then surged by 294.92% to 0.14 in 2026.
  • Per Business Quant, the three latest NOG FCF Payout Ratio figures stand at 0.14 (Q1 2026), 0.03 (Q4 2025), and 0.62 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 0.77
2 Eog Resources 74.61 Bn 70.76 Bn - 0.19
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 0.13
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn -1.50
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 0.26
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 0.26
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn -
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 0.08
10 Northern Oil & Gas 2.00 Bn 1.96 Bn -124.72 Mn 0.14

Historic Data

Download Data
DateValue
Mar 31, 2026 0.14
Dec 31, 2025 0.03
Sep 30, 2025 0.62
Jun 30, 2025 1.27
Mar 31, 2025 0.29
Dec 31, 2024 -0.03
Sep 30, 2024 0.10
Jun 30, 2024 0.12
Mar 31, 2024 0.10
Dec 31, 2023 0.10
Sep 30, 2023 0.13
Jun 30, 2023 0.11
Mar 31, 2023 0.11
Dec 31, 2022 0.02
Sep 30, 2022 -0.04
Jun 30, 2022 0.07
Mar 31, 2022 0.07
Dec 31, 2021 0.02
Sep 30, 2021 0.01
Jun 30, 2021 -0.02