Northern Oil & Gas (NOG) Operating Income (2011 - 2026)
Northern Oil & Gas (NOG) recorded Operating Income of $352.54 million in Q2 2026, up 100.1% from $176.17 million a year earlier.
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Analysis
Northern Oil & Gas (NOG) Operating Income (2011 - 2026) Analysis & Trends
On a TTM basis, Northern Oil & Gas' Operating Income came in at -$461.95 million as of Jun 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.
- The Q2 2026 figure is the highest quarterly Operating Income since Q3 2024.
- On a year-over-year basis, Operating Income rose in three of the last five quarters, with growth averaging 253.7%.
- 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 -$654.88 million (Q1 2026), -$33.84 million (Q4 2025) and -$125.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn | 26.95 Bn |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn | -19.92 Bn |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - | - |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - | 1.37 Bn |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn | 10.38 Bn |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - | 12.99 Bn |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn | -38.69 Bn |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - | - |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - | 5.33 Bn |
| 10 | Northern Oil & Gas | 2.42 Bn | 2.29 Bn | 618.15 Mn | 352.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 26.96 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();