Northern Oil & Gas (NOG) Net Margin (2009 - 2026)
Northern Oil & Gas' Net Margin came in at -32.32% for Q3 2026, down 9.13 percentage points from -23.19% a year earlier and down 64.07 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Northern Oil & Gas reported Net Margin of -27.47%, down 35.08 percentage points year-over-year; for FY2025, it came in at 1.57%, down 21.81 percentage points from FY2024.
- Net Margin has declined in each of the last three years, though with a five-year change of +168.41 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 23.38% in FY2024 (-19.23 pp), 42.61% in FY2023 (-3.73 pp), 46.33% in FY2022 (+48.03 pp) and -1.69% in FY2021 (+165.15 pp).
- The five-year range for quarterly Net Margin is -10396.64% (Q1 2026) to 73.37% (Q3 2022).
- Year-over-year, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -1315.63 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q1 2023 (a gain of 740.28 percentage points), and the weakest in Q1 2026 (a drop of 10419.72 percentage points).
- Business Quant data shows NOG's Net Margin at 31.75% (Q2 2026), -10396.64% (Q1 2026) and -11.59% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.62% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 588.80% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 14.64% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 12.37% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 13.41% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 19.95% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 8.61% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 19.16% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 10.90% |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | -32.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -32.32% |
| Jun 30, 2026 | 31.75% |
| Mar 31, 2026 | -10,396.64% |
| Dec 31, 2025 | -11.59% |
| Sep 30, 2025 | -23.19% |
| Jun 30, 2025 | 14.09% |
| Mar 31, 2025 | 23.08% |
| Dec 31, 2024 | 13.92% |
| Sep 30, 2024 | 39.60% |
| Jun 30, 2024 | 24.71% |
| Mar 31, 2024 | 2.93% |
| Dec 31, 2023 | 49.00% |
| Sep 30, 2023 | 8.32% |
| Jun 30, 2023 | 35.21% |
| Mar 31, 2023 | 58.43% |
| Dec 31, 2022 | 35.99% |
| Sep 30, 2022 | 73.37% |
| Jun 30, 2022 | 53.93% |
| Mar 31, 2022 | -681.85% |
| Sep 30, 2021 | 3.45% |
API Access
Northern Oil & Gas Net Margin 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=net-margin&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();