Northern Oil & Gas (NOG) Gross Margin (2017 - 2026)
Northern Oil & Gas (NOG) reported Gross Margin of 82.95% for Q2 2026, up 0.13 percentage points from 82.82% a year earlier and up 2562.92 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Gross Margin (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Northern Oil & Gas' Gross Margin came in at 74.18%, down 8.02 percentage points year-over-year; for FY2025, it was 80.87%, up 0.18 percentage points from FY2024.
- Gross Margin has a five-year change of +1.93 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 80.69% in FY2024 (-3.29 pp), 83.98% in FY2023 (+0.58 pp), 83.40% in FY2022 (+17.78 pp) and 65.62% in FY2021 (-13.31 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q3 2024.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of -319.28 percentage points.
- The high point for year-over-year Gross Margin in five years was Q1 2023 (a gain of 152.21 percentage points); the low point was Q1 2026 (a drop of 2561.04 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -2479.98% (Q1 2026), 80.35% (Q4 2025) and 78.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 673.87 Bn | 637.09 Bn | - | - |
| 2 | Shell | 543.95 Bn | 454.50 Bn | 30.13 Bn | 31.83% |
| 3 | Chevron | 409.32 Bn | 387.11 Bn | 33.45 Bn | 47.75% |
| 4 | TotalEnergies SE | 186.50 Bn | 69.63 Bn | - | - |
| 5 | Eni Spa | 171.15 Bn | 120.67 Bn | - | - |
| 6 | Conocophillips | 152.65 Bn | 125.36 Bn | 12.81 Bn | 65.62% |
| 7 | Equinor Asa | 105.44 Bn | 51.50 Bn | - | - |
| 8 | Phillips 66 | 105.42 Bn | 94.41 Bn | 8.38 Bn | 16.10% |
| 9 | Canadian Natural Resources | 99.52 Bn | 96.47 Bn | - | - |
| 10 | Northern Oil & Gas | 2.51 Bn | 2.38 Bn | 618.15 Mn | 82.95% |
Historic Data
Download Data
Historic 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% |
| Sep 30, 2021 | 83.35% |
| Jun 30, 2021 | 81.08% |
API Access
Northern Oil & Gas Gross 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=gross-margin&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();