Northern Oil & Gas (NOG) Operating Margin (2011 - 2026)
Northern Oil & Gas' (NOG) quarterly Operating Margin came in at 13022.13% in Q1 2026, down 1306021.0% year-on-year from N/an in Q1 2025, and down 234712.44% quarter-over-quarter from 5.55% in Q4 2025.
Northern Oil & Gas (NOG) Operating Margin (2011 - 2026) Analysis & Trends
Northern Oil & Gas' Operating Margin history runs 16 years deep, the most recent figure standing at 13022.13% for Q1 2026.
- On a quarterly basis, Operating Margin fell 1306021.0% year-over-year to 13022.13% in Q1 2026; TTM through Mar 2026 was 33.98%, a 7571.0% decrease from a year earlier, with the FY2025 full-year figure at 9.93%, down 2771.0% from the prior year.
- Operating Margin eased to 13022.13% in Q1 2026 per NOG's latest filing, from 5.55% in the prior quarter.
- Across five years, Operating Margin topped out at 76.38% in Q3 2022 and bottomed at 13022.13% in Q1 2026.
- The 5-year median for Operating Margin is 38.08% (2025), against an average of 768.08%.
- Across the five-year window, Operating Margin surged 63613 bps in 2023 and sank 1306021 bps in 2026, its largest moves.
- Year by year, Operating Margin stood at 45.23% in 2022, then soared by 35 bps to 61.0% in 2023, then slumped by 58 bps to 25.76% in 2024, then sank by 122 bps to 5.55% in 2025, then plunged by 234712 bps to 13022.13% in 2026.
- Per Business Quant, the three latest NOG Operating Margin figures stand at 13022.13% (Q1 2026), 5.55% (Q4 2025), and 22.59% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 45.70% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 37.54% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 2.74% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 0.36% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 21.77% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 76.99% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 3.68% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 34.82% |
| 10 | Northern Oil & Gas | 2.00 Bn | 1.96 Bn | -124.72 Mn | -13,022.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13,022.13% |
| Dec 31, 2025 | -5.55% |
| Sep 30, 2025 | -22.59% |
| Jun 30, 2025 | 24.92% |
| Mar 31, 2025 | 38.08% |
| Dec 31, 2024 | 25.76% |
| Sep 30, 2024 | 57.58% |
| Jun 30, 2024 | 39.04% |
| Mar 31, 2024 | 13.20% |
| Dec 31, 2023 | 61.00% |
| Sep 30, 2023 | 13.52% |
| Jun 30, 2023 | 49.27% |
| Mar 31, 2023 | 61.93% |
| Dec 31, 2022 | 45.23% |
| Sep 30, 2022 | 76.38% |
| Jun 30, 2022 | 61.19% |
| Mar 31, 2022 | -574.20% |
| Dec 31, 2021 | -130.49% |
| Sep 30, 2021 | 20.50% |
| Jun 30, 2021 | -33.19% |