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| Date | Value |
|---|---|
| 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 |