Northern Oil & Gas (NOG) Gross Profit (2011 - 2026)
Northern Oil & Gas (NOG) posted quarterly Gross Profit of -$124.7 million for Q1 2026, down 125.55% year-over-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.
- In Q1 2026, Gross Profit fell 125.55% year-over-year to -$124.7 million; the TTM figure through Mar 2026 stood at $1.4 billion (down 30.3% YoY), while the FY2025 annual figure was $2.0 billion, up 11.48% from the prior year.
- Gross Profit for Q1 2026 stood at -$124.7 million, down from $490.3 million in the prior quarter.
- The five-year high for Gross Profit was $723.2 million in Q3 2022, with the low 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.
- The sharpest annual moves came in 2023 and 2026: Gross Profit surged 2432.84% in 2023, then slumped 125.55% in 2026.
- Northern Oil & Gas' Gross Profit stood at $297.4 million in 2022, then surged by 132.53% to $691.5 million in 2023, then sank by 42.38% to $398.4 million in 2024, then rose by 23.07% to $490.3 million in 2025, then tumbled by 125.44% to -$124.7 million in 2026.
- Business Quant data shows NOG's Gross Profit at -$124.7 million in Q1 2026, $490.3 million in Q4 2025, and $438.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - |
| 10 | Northern Oil & Gas | 2.89 Bn | 2.81 Bn | 618.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 618.15 Mn |
| Jun 30, 2026 | 618.15 Mn |
| 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 |