Northern Oil & Gas (NOG) Invested Capital (2009 - 2026)

Northern Oil & Gas (NOG) recorded quarterly Invested Capital of $2.0 billion in Q1 2026, down 3.74% quarter-over-quarter from $2.1 billion in Q4 2025, and down 15.77% on a YoY basis from $2.4 billion in Q1 2025.

Northern Oil & Gas (NOG) Invested Capital (2009 - 2026) Analysis & Trends

Northern Oil & Gas' Invested Capital history runs 18 years deep, the most recent figure standing at $2.0 billion for Q1 2026.

  • In Q1 2026, Invested Capital fell 15.77% year-over-year to $2.0 billion; the TTM figure through Mar 2026 stood at $2.0 billion (down 15.77% YoY), while the FY2025 annual figure was $2.1 billion, down 9.14% from the prior year.
  • Invested Capital was $2.0 billion for Q1 2026 at Northern Oil & Gas, down from $2.1 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $2.4 billion in Q1 2025 to a low of $342.9 million in Q1 2022.
  • Historically, Invested Capital has averaged $1.7 billion across 5 years, with a median of $2.1 billion in 2023.
  • The sharpest annual moves came in 2022 and 2023: Invested Capital plunged 46.12% in 2022, then soared 206.81% in 2023.
  • A 5-year view of Invested Capital shows it stood at $755.4 million in 2022, then soared by 173.31% to $2.1 billion in 2023, then gained by 13.36% to $2.3 billion in 2024, then slipped by 9.14% to $2.1 billion in 2025, then fell by 3.74% to $2.0 billion in 2026.
  • The last three Invested Capital figures came in at $2.0 billion (Q1 2026), $2.1 billion (Q4 2025), and $2.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Woodside Energy 669.86 Bn 663.92 Bn - 37.16 Bn
2 Canadian Natural Resources 393.48 Bn 393.48 Bn 6.72 Bn 321.58 Mn
3 Conocophillips 143.01 Bn 136.64 Bn 9.48 Bn 86.96 Bn
4 Eog Resources 72.59 Bn 68.74 Bn - 30.94 Bn
5 Occidental Petroleum 55.93 Bn 52.75 Bn 4.87 Bn 54.27 Bn
6 Diamondback Energy 54.41 Bn 60.57 Bn 4.22 Bn 49.62 Bn
7 Vista Energy, S.A.B. de C.V 35.45 Bn 34.84 Bn 472.36 Mn 2.62 Bn
8 Eqt 32.44 Bn 35.79 Bn 2.98 Bn 34.78 Bn
9 Vermilion Energy 31.35 Bn 31.16 Bn 370.10 Mn 177.38 Bn
10 Northern Oil & Gas 2.05 Bn 2.00 Bn -124.72 Mn 2.05 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.05 Bn
Dec 31, 2025 2.13 Bn
Sep 30, 2025 2.24 Bn
Jun 30, 2025 2.42 Bn
Mar 31, 2025 2.43 Bn
Dec 31, 2024 2.34 Bn
Sep 30, 2024 2.31 Bn
Jun 30, 2024 2.14 Bn
Mar 31, 2024 2.08 Bn
Dec 31, 2023 2.06 Bn
Sep 30, 2023 1.58 Bn
Jun 30, 2023 1.43 Bn
Mar 31, 2023 1.05 Bn
Dec 31, 2022 755.37 Mn
Sep 30, 2022 822.51 Mn
Jun 30, 2022 496.28 Mn
Mar 31, 2022 342.88 Mn
Dec 31, 2021 1.02 Bn
Sep 30, 2021 700.71 Mn
Jun 30, 2021 633.78 Mn