Northern Oil & Gas (NOG) Interest Coverage Ratio (2011 - 2026)
Northern Oil & Gas' (NOG) Interest Coverage Ratio was 8.51 for Q2 2026, up 114.3% from 3.97 a year earlier.
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Analysis
Northern Oil & Gas (NOG) Interest Coverage Ratio (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Northern Oil & Gas' Interest Coverage Ratio came in at -2.75; for FY2025, it was 1.43, down 73.2% from FY2024.
- Interest Coverage Ratio has declined for three consecutive years.
- By year, Interest Coverage Ratio came in at 5.31 in FY2024 (-35.8%), 8.27 in FY2023 (-22.1%), 10.62 in FY2022 (+704.1%) and 1.32 in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Interest Coverage Ratio since Q3 2024.
- Year over year, Interest Coverage Ratio gained in three of the last five quarters, with growth averaging 243.3%.
- The high point for year-over-year Interest Coverage Ratio in five years was Q3 2024 (growth of 928.2%); the low point was Q3 2023 (a decline of 96.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -15.38 (Q1 2026), -0.82 (Q4 2025) and -2.93 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 33.72 |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -56.60 |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 3.32 |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 57.03 |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | - |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -123.23 |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 25.74 |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | - |
| 10 | Northern Oil & Gas | 2.47 Bn | 2.34 Bn | 618.15 Mn | 8.51 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.51 |
| Mar 31, 2026 | -15.38 |
| Dec 31, 2025 | -0.82 |
| Sep 30, 2025 | -2.93 |
| Jun 30, 2025 | 3.97 |
| Mar 31, 2025 | 5.29 |
| Dec 31, 2024 | 2.93 |
| Sep 30, 2024 | 11.78 |
| Jun 30, 2024 | 5.81 |
| Mar 31, 2024 | 1.38 |
| Dec 31, 2023 | 13.26 |
| Sep 30, 2023 | 1.15 |
| Jun 30, 2023 | 7.34 |
| Mar 31, 2023 | 11.96 |
| Dec 31, 2022 | 7.04 |
| Sep 30, 2022 | 30.03 |
| Jun 30, 2022 | 14.67 |
| Mar 31, 2022 | -10.52 |
| Dec 31, 2021 | 11.97 |
| Sep 30, 2021 | 1.85 |
API Access
Northern Oil & Gas Interest Coverage Ratio 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=interest-coverage-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();