Northern Oil & Gas (NOG) Gross Margin (2011 - 2026)
Northern Oil & Gas' (NOG) quarterly Gross Margin came in at 2479.98% in Q1 2026, down 256104.0% year-on-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.
- On a quarterly basis, Gross Margin fell 256104.0% year-over-year to 2479.98% in Q1 2026; TTM through Mar 2026 was 73.95%, a 802.0% decrease from a year earlier, with the FY2025 full-year figure at 80.87%, up 18.0% from the prior year.
- Gross Margin fell to 2479.98% in Q1 2026 per NOG's latest filing, from 80.35% in the prior quarter.
- Across five years, Gross Margin topped out at 91.35% in Q3 2022 and bottomed at 2479.98% in Q1 2026.
- The 5-year median for Gross Margin is 81.06% (2025), against an average of 77.49%.
- Across the five-year window, Gross Margin jumped 15221 bps in 2023 and tumbled 256104 bps in 2026, its largest moves.
- Year by year, Gross Margin stood at 80.29% in 2022, then increased by 9 bps to 87.14% in 2023, then decreased by 11 bps to 77.36% in 2024, then gained by 4 bps to 80.35% in 2025, then plunged by 3186 bps to 2479.98% in 2026.
- Per Business Quant, the three latest NOG Gross Margin figures stand at 2479.98% (Q1 2026), 80.35% (Q4 2025), and 78.74% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 60.14% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 99.43% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 93.19% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 78.73% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 80.17% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 95.79% |
| 10 | Northern Oil & Gas | 2.00 Bn | 1.96 Bn | -124.72 Mn | -2,479.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 81.08% |