Northern Oil & Gas (NOG) Operating Income (2009 - 2026)
Northern Oil & Gas (NOG) recorded Operating Income of -$76.86 million in Q3 2026, compared with -$125.76 million a year earlier.
Powered by 
Analysis
Northern Oil & Gas (NOG) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Northern Oil & Gas' Operating Income came in at -$413.04 million as of Sep 30, 2026; for FY2025, it came in at $245.85 million, down 70.7% from FY2024.
- Across earlier years, Operating Income came in at $837.83 million in FY2024 (-25.3%), $1.12 billion in FY2023 (+31.5%), $853.19 million in FY2022 (+994.4%) and $77.96 million in FY2021.
- Quarterly Operating Income has ranged from -$654.88 million in Q1 2026 to $604.64 million in Q3 2022 over the past five years.
- On a year-over-year basis, Operating Income rose in two of the last four quarters, with growth averaging 86.6%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 922.5% in Q3 2024, against a decline of 93.0% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $352.54 million (Q2 2026), -$654.88 million (Q1 2026) and -$33.84 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 21.42 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 13.93 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 26.50 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 2.14 Bn |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 10.19 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 11.96 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 8.76 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 7.35 Bn |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | -76.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -76.86 Mn |
| Jun 30, 2026 | 352.54 Mn |
| Mar 31, 2026 | -654.88 Mn |
| Dec 31, 2025 | -33.84 Mn |
| Sep 30, 2025 | -125.76 Mn |
| Jun 30, 2025 | 176.17 Mn |
| Mar 31, 2025 | 229.28 Mn |
| Dec 31, 2024 | 132.64 Mn |
| Sep 30, 2024 | 433.94 Mn |
| Jun 30, 2024 | 218.94 Mn |
| Mar 31, 2024 | 52.32 Mn |
| Dec 31, 2023 | 484.04 Mn |
| Sep 30, 2023 | 42.44 Mn |
| Jun 30, 2023 | 234.79 Mn |
| Mar 31, 2023 | 360.59 Mn |
| Dec 31, 2022 | 167.53 Mn |
| Sep 30, 2022 | 604.64 Mn |
| Jun 30, 2022 | 270.10 Mn |
| Mar 31, 2022 | -189.08 Mn |
| Dec 31, 2021 | 190.29 Mn |
API Access
Northern Oil & Gas Operating Income 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=operating-income&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();