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Northern Oil & Gas (NOG) Operating Expenses (2016 - 2025)

Northern Oil & Gas has reported Operating Expenses over the past 15 years, most recently at $644.0 million for Q4 2025.

  • Quarterly results put Operating Expenses at $644.0 million for Q4 2025, up 68.44% from a year ago — trailing twelve months through Dec 2025 was $2.2 billion (up 60.67% YoY), and the annual figure for FY2025 was $2.2 billion, up 60.67%.
  • Operating Expenses for Q4 2025 was $644.0 million at Northern Oil & Gas, down from $682.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for NOG hit a ceiling of $682.4 million in Q3 2025 and a floor of $85.8 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $256.6 million (2023), compared with a mean of $289.9 million.
  • Biggest five-year swings in Operating Expenses: plummeted 88.02% in 2021 and later surged 113.45% in 2025.
  • Northern Oil & Gas' Operating Expenses stood at $128.9 million in 2021, then surged by 57.36% to $202.8 million in 2022, then skyrocketed by 52.57% to $309.5 million in 2023, then grew by 23.55% to $382.3 million in 2024, then skyrocketed by 68.44% to $644.0 million in 2025.
  • The last three reported values for Operating Expenses were $644.0 million (Q4 2025), $682.4 million (Q3 2025), and $530.6 million (Q2 2025) per Business Quant data.