Northern Oil & Gas (NOG) Gross Margin (2011 - 2026)
Northern Oil & Gas (NOG) recorded quarterly Gross Margin of 2479.98% in Q1 2026, down 1917.41% quarter-over-quarter from 136.46% in Q4 2025, and down 256104.0% on a YoY basis from N/an in Q1 2025.
Northern Oil & Gas (NOG) Gross Margin (2011 - 2026) Analysis & Trends
Northern Oil & Gas' Gross Margin history runs 16 years deep, the most recent figure standing at 2479.98% for Q1 2026.
- In Q1 2026, Gross Margin fell 256104.0% year-over-year to 2479.98%; the TTM figure through Mar 2026 stood at 92.17% (up 641.0% YoY), while the FY2025 annual figure was 94.7%, up 1401.0% from the prior year.
- Gross Margin was 2479.98% for Q1 2026 at Northern Oil & Gas, down from 136.46% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 136.46% in Q4 2025 to a low of 2479.98% in Q1 2026.
- Historically, Gross Margin has averaged 70.15% across 5 years, with a median of 82.82% in 2025.
- The sharpest annual moves came in 2023 and 2026: Gross Margin surged 15221 bps in 2023, then tumbled 256104 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 107.96% in 2022, then dropped by 13 bps to 94.22% in 2023, then decreased by 18 bps to 77.36% in 2024, then jumped by 76 bps to 136.46% in 2025, then slumped by 1917 bps to 2479.98% in 2026.
- The last three Gross Margin figures came in at 2479.98% (Q1 2026), 136.46% (Q4 2025), and 78.74% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | Northern Oil & Gas | 2.04 Bn | 2.00 Bn | -124.72 Mn | -2,479.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2,479.98% |
| Dec 31, 2025 | 136.46% |
| Sep 30, 2025 | 78.74% |
| Jun 30, 2025 | 82.82% |
| Mar 31, 2025 | 81.06% |
| Dec 31, 2024 | 77.36% |
| Sep 30, 2024 | 98.05% |
| Jun 30, 2024 | 82.01% |
| Mar 31, 2024 | 87.08% |
| Dec 31, 2023 | 94.22% |
| Sep 30, 2023 | 73.72% |
| Jun 30, 2023 | 82.30% |
| Mar 31, 2023 | 86.59% |
| Dec 31, 2022 | 107.96% |
| Sep 30, 2022 | 94.66% |
| Jun 30, 2022 | 90.07% |
| Mar 31, 2022 | -65.62% |
| Dec 31, 2021 | 62.74% |
| Sep 30, 2021 | 92.32% |
| Jun 30, 2021 | 25.36% |