Northern Oil & Gas (NOG) Payout Ratio (2022 - 2025)
Northern Oil & Gas' (NOG) Payout Ratio was 4.47 for Q4 2025, compared with 0.31 a year earlier and up 372.7% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Payout Ratio (2022 - 2025) Analysis & Trends
Dating back to Q2 2022, Northern Oil & Gas' Payout Ratio record includes 15 quarters.
- By year, Payout Ratio came in at 0.31 in FY2024 (+131.8%), 0.13 in FY2023 (+89.4%) and 0.07 in FY2022.
- The Q4 2025 figure ranks as the highest quarterly Payout Ratio in data going back to Q2 2022.
- The high point for year-over-year Payout Ratio in five years was Q3 2025 (growth of 409.9%); the low point was Q2 2023 (a decline of 35.6%).
- Per Business Quant data, the three quarters before Q4 2025 came in at 0.95 (Q3 2025), 0.28 (Q2 2025) and 0.25 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - |
| 10 | Northern Oil & Gas | 2.42 Bn | 2.29 Bn | 618.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 4.47 |
| Sep 30, 2025 | 0.95 |
| Jun 30, 2025 | 0.28 |
| Mar 31, 2025 | 0.25 |
| Dec 31, 2024 | 0.31 |
| Sep 30, 2024 | 0.19 |
| Jun 30, 2024 | 0.27 |
| Mar 31, 2024 | 0.23 |
| Dec 31, 2023 | 0.13 |
| Sep 30, 2023 | 0.16 |
| Jun 30, 2023 | 0.07 |
| Mar 31, 2023 | 0.05 |
| Dec 31, 2022 | 0.07 |
| Sep 30, 2022 | 0.05 |
| Jun 30, 2022 | 0.11 |
API Access
Northern Oil & Gas Payout Ratio 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=payout-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "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=payout-ratio&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();