Northern Oil & Gas (NOG) Operating Income (2011 - 2026)
Northern Oil & Gas (NOG) posted quarterly Operating Income of -$654.9 million for Q1 2026, down 385.62% year-over-year from $229.3 million in Q1 2025, and down 1835.29% quarter-over-quarter from -$33.8 million in Q4 2025.
Northern Oil & Gas (NOG) Operating Income (2011 - 2026) Analysis & Trends
Northern Oil & Gas' Operating Income history runs 16 years deep, the most recent figure standing at -$654.9 million for Q1 2026.
- In Q1 2026, Operating Income fell 385.62% year-over-year to -$654.9 million; the TTM figure through Mar 2026 stood at -$638.3 million (down 162.9% YoY), while the FY2025 annual figure was $245.8 million, down 70.66% from the prior year.
- Operating Income for Q1 2026 stood at -$654.9 million, down from -$33.8 million in the prior quarter.
- The five-year high for Operating Income was $604.6 million in Q3 2022, with the low at -$654.9 million in Q1 2026.
- The 5-year median for Operating Income is $176.2 million (2025), against an average of $141.4 million.
- The sharpest annual moves came in 2022 and 2026: Operating Income surged 2142.39% in 2022, then plunged 385.62% in 2026.
- Northern Oil & Gas' Operating Income stood at $167.5 million in 2022, then soared by 188.92% to $484.0 million in 2023, then plunged by 72.6% to $132.6 million in 2024, then slumped by 125.51% to -$33.8 million in 2025, then slumped by 1835.29% to -$654.9 million in 2026.
- Business Quant data shows NOG's Operating Income at -$654.9 million in Q1 2026, -$33.8 million in Q4 2025, and -$125.8 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.74 Bn | 156.05 Bn | 12.81 Bn | 10.38 Bn |
| 2 | Canadian Natural Resources | 106.42 Bn | 104.53 Bn | 10.66 Bn | 10.54 Bn |
| 3 | Eog Resources | 80.27 Bn | 75.36 Bn | - | 3.53 Bn |
| 4 | Diamondback Energy | 59.15 Bn | 58.69 Bn | 5.55 Bn | 2.51 Bn |
| 5 | Woodside Energy | 46.12 Bn | 40.17 Bn | 6.02 Bn | 6.02 Bn |
| 6 | Devon Energy | 46.08 Bn | 45.07 Bn | 6.02 Bn | 2.38 Bn |
| 7 | Occidental Petroleum | 39.27 Bn | 35.12 Bn | 7.73 Bn | 3.19 Bn |
| 8 | Eqt | 33.82 Bn | 33.71 Bn | 1.42 Bn | 394.04 Mn |
| 9 | Texas Pacific Land | 26.54 Bn | 26.29 Bn | - | 191.82 Mn |
| 10 | Northern Oil & Gas | 2.88 Bn | 2.80 Bn | 618.15 Mn | 352.54 Mn |
Historic Data
Download 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 |