Northern Oil & Gas (NOG) Gross Margin (2011 - 2026)
Northern Oil & Gas (NOG) posted quarterly Gross Margin of 2479.98% for Q1 2026, down 256104.0% year-over-year from N/an in Q1 2025, and down 3186.34% quarter-over-quarter from 80.35% in Q4 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 73.95% (down 802.0% YoY), while the FY2025 annual figure was 80.87%, up 18.0% from the prior year.
- Gross Margin for Q1 2026 stood at 2479.98%, down from 80.35% in the prior quarter.
- The five-year high for Gross Margin was 91.35% in Q3 2022, with the low at 2479.98% in Q1 2026.
- The 5-year median for Gross Margin is 81.06% (2025), against an average of 77.49%.
- The sharpest annual moves came in 2023 and 2026: Gross Margin jumped 15221 bps in 2023, then slumped 256104 bps in 2026.
- Northern Oil & Gas' Gross Margin stood at 80.29% in 2022, then grew by 9 bps to 87.14% in 2023, then retreated by 11 bps to 77.36% in 2024, then rose by 4 bps to 80.35% in 2025, then sank by 3186 bps to 2479.98% in 2026.
- Business Quant data shows NOG's Gross Margin at 2479.98% in Q1 2026, 80.35% in Q4 2025, and 78.74% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.35 Bn | 155.66 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.43 Bn | 104.54 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.03 Bn | 75.13 Bn | - | - |
| 4 | Diamondback Energy | 59.17 Bn | 58.71 Bn | 5.55 Bn | 99.84% |
| 5 | Woodside Energy | 46.08 Bn | 40.14 Bn | 6.02 Bn | 91.41% |
| 6 | Devon Energy | 46.06 Bn | 45.05 Bn | 6.02 Bn | 81.22% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.92 Bn | 33.80 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 26.32 Bn | 26.07 Bn | - | - |
| 10 | Northern Oil & Gas | 2.87 Bn | 2.79 Bn | 618.15 Mn | 82.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 82.95% |
| Mar 31, 2026 | -2,479.98% |
| Dec 31, 2025 | 80.35% |
| Sep 30, 2025 | 78.74% |
| Jun 30, 2025 | 82.82% |
| Mar 31, 2025 | 81.06% |
| Dec 31, 2024 | 77.36% |
| Sep 30, 2024 | 85.82% |
| Jun 30, 2024 | 82.01% |
| Mar 31, 2024 | 73.40% |
| Dec 31, 2023 | 87.14% |
| Sep 30, 2023 | 73.72% |
| Jun 30, 2023 | 82.30% |
| Mar 31, 2023 | 86.59% |
| Dec 31, 2022 | 80.29% |
| Sep 30, 2022 | 91.35% |
| Jun 30, 2022 | 85.36% |
| Mar 31, 2022 | -65.62% |
| Dec 31, 2021 | 134.68% |
| Sep 30, 2021 | 67.12% |