Northern Oil & Gas (NOG) Operating Expenses (2011 - 2026)

Northern Oil & Gas' Operating Expenses history runs 16 years deep, the most recent figure standing at $659.9 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 77.01% year-over-year to $659.9 million; the TTM figure through Mar 2026 stood at $2.5 billion (up 77.67% YoY), while the FY2025 annual figure was $2.2 billion, up 60.67% from the prior year.
• Operating Expenses was $659.9 million for Q1 2026 at Northern Oil & Gas, up from $644.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $682.4 million in Q3 2025 to a low of $156.2 million in Q1 2022.
• Historically, Operating Expenses has averaged $355.3 million across 5 years, with a median of $319.7 million in 2024.
• Biggest YoY gain for Operating Expenses was 113.45% in 2025; the steepest drop was 8.37% in 2025.
• A 5-year view of Operating Expenses shows it stood at $202.8 million in 2022, then soared by 52.57% to $309.5 million in 2023, then climbed by 23.55% to $382.3 million in 2024, then soared by 68.44% to $644.0 million in 2025, then advanced by 2.47% to $659.9 million in 2026.
• The last three Operating Expenses figures came in at $659.9 million (Q1 2026), $644.0 million (Q4 2025), and $682.4 million (Q3 2025), per Business Quant data.