Northern Oil & Gas (NOG) Gross Profit (2011 - 2026)

Northern Oil & Gas' (NOG) quarterly Gross Profit came in at -$124.7 million in Q1 2026, down 125.55% year-on-year from $488.1 million in Q1 2025, and down 125.44% quarter-over-quarter from $490.3 million in Q4 2025.

Northern Oil & Gas (NOG) Gross Profit (2011 - 2026) Analysis & Trends

Northern Oil & Gas' Gross Profit history runs 16 years deep, the most recent figure standing at -$124.7 million for Q1 2026.

  • On a quarterly basis, Gross Profit fell 125.55% year-over-year to -$124.7 million in Q1 2026; TTM through Mar 2026 was $1.4 billion, a 30.3% decrease from a year earlier, with the FY2025 full-year figure at $2.0 billion, up 11.48% from the prior year.
  • Gross Profit eased to -$124.7 million in Q1 2026 per NOG's latest filing, from $490.3 million in the prior quarter.
  • Across five years, Gross Profit topped out at $723.2 million in Q3 2022 and bottomed at -$124.7 million in Q1 2026.
  • The 5-year median for Gross Profit is $438.3 million (2025), against an average of $404.0 million.
  • Across the five-year window, Gross Profit surged 2432.84% in 2023 and tumbled 125.55% in 2026, its largest moves.
  • Year by year, Gross Profit stood at $297.4 million in 2022, then soared by 132.53% to $691.5 million in 2023, then plunged by 42.38% to $398.4 million in 2024, then gained by 23.07% to $490.3 million in 2025, then slumped by 125.44% to -$124.7 million in 2026.
  • Per Business Quant, the three latest NOG Gross Profit figures stand at -$124.7 million (Q1 2026), $490.3 million (Q4 2025), and $438.3 million (Q3 2025).

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 -124.72 Mn
Mar 31, 2026 -124.72 Mn
Dec 31, 2025 490.30 Mn
Dec 31, 2025 490.30 Mn
Sep 30, 2025 438.32 Mn
Sep 30, 2025 438.32 Mn
Jun 30, 2025 585.38 Mn
Jun 30, 2025 585.38 Mn
Mar 31, 2025 488.06 Mn
Mar 31, 2025 488.06 Mn
Dec 31, 2024 398.39 Mn
Dec 31, 2024 398.39 Mn
Sep 30, 2024 646.74 Mn
Sep 30, 2024 646.74 Mn
Jun 30, 2024 459.91 Mn
Jun 30, 2024 459.91 Mn
Mar 31, 2024 290.90 Mn
Mar 31, 2024 290.90 Mn
Dec 31, 2023 691.46 Mn
Dec 31, 2023 691.46 Mn