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