Northern Oil & Gas (NOG) Net Long-Term Debt Issued (Repaid) (2009 - 2026)
Northern Oil & Gas (NOG) reported Non-Current Debt of $2.62 billion for Q3 2026, up 11.5% from $2.35 billion a year earlier but down 4.0% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Net Long-Term Debt Issued (Repaid) (2009 - 2026) Analysis & Trends
At the end of FY2025, Northern Oil & Gas posted Non-Current Debt of $2.4 billion, up 1.1% from FY2024.
- Non-Current Debt has increased for four consecutive years, with a five-year compound annual growth rate of 22.2% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $2.37 billion in FY2024 (+29.1%), $1.84 billion in FY2023 (+20.3%), $1.53 billion in FY2022 (+89.9%) and $803.44 million in FY2021 (-8.7%).
- Five-year quarterly Non-Current Debt spans a low of $803.44 million in Q4 2021 and a high of $2.72 billion in Q2 2026.
- Year over year, Non-Current Debt has now increased in each of the last eight quarters, with growth averaging 16.6% over the last eight quarters.
- The high point for year-over-year Non-Current Debt in five years was Q4 2022 (growth of 89.9%); the low point was Q4 2021 (a decline of 8.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $2.72 billion (Q2 2026), $2.55 billion (Q1 2026) and $2.4 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | -1.57 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 4.57 Bn |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | -19.00 Mn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 62.00 Mn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | -956.00 Mn |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | -647.00 Mn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 1.00 Mn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 315.02 Mn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | -2.07 Bn |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | 500.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 500.00 Mn |
| Dec 31, 2025 | 40.06 Mn |
| Mar 31, 2023 | -18.44 Mn |
| Dec 31, 2022 | 477.90 Mn |
| Sep 30, 2022 | -6.46 Mn |
| Jun 30, 2022 | -13.38 Mn |
| Dec 31, 2021 | 83.50 Mn |
| Sep 30, 2021 | 130.00 Mn |
| Jun 30, 2021 | -15.67 Mn |
| Mar 31, 2021 | 139.75 Mn |
| Jun 30, 2020 | -237,000.00 |
| Mar 31, 2020 | -13.28 Mn |
| Dec 31, 2019 | -216.98 Mn |
| Jun 30, 2019 | -10.49 Mn |
| Dec 31, 2018 | -159.95 Mn |
| Dec 31, 2017 | 300.00 Mn |
| Dec 31, 2011 | 6.00 Mn |
| Sep 30, 2011 | -6.00 Mn |
| Jun 30, 2010 | -1.64 Mn |
| Mar 31, 2010 | 803,115.00 |
API Access
Northern Oil & Gas Net Long-Term Debt Issued (Repaid) 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=non-current-debt&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();