Northern Oil & Gas (NOG) Return on Assets [ROA] (2011 - 2026)
Northern Oil & Gas' Return on Assets [ROA] came in at -8.57% for Q2 2026, down 19.27 percentage points from 10.70% a year earlier but up 2.84 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025, Northern Oil & Gas' Return on Assets [ROA] was 0.70%, down 9.61 percentage points from FY2024.
- Return on Assets [ROA] has declined in each of the last three years, though with a five-year change of +65.94 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was 10.32% in FY2024 (-14.77 pp), 25.08% in FY2023 (-10.08 pp), 35.16% in FY2022 (+34.63 pp) and 0.53% in FY2021 (+65.77 pp).
- The five-year range for quarterly Return on Assets [ROA] is -26.58% (Q3 2021) to 42.46% (Q1 2023).
- Year-over-year, Return on Assets [ROA] has declined for seven consecutive quarters, with an average year-over-year change of -9.90 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q1 2022 (a gain of 150.19 percentage points), and the weakest in Q1 2024 (a drop of 29.42 percentage points).
- Business Quant data shows NOG's Return on Assets [ROA] at -11.41% (Q1 2026), 0.71% (Q4 2025) and 3.24% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 6.87% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 6.36% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 5.76% |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 29.79% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 7.52% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 658.73% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 8.67% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 11.88% |
| 10 | Northern Oil & Gas | 2.44 Bn | 2.31 Bn | 618.15 Mn | -8.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.57% |
| Mar 31, 2026 | -11.41% |
| Dec 31, 2025 | 0.71% |
| Sep 30, 2025 | 3.24% |
| Jun 30, 2025 | 10.70% |
| Mar 31, 2025 | 11.49% |
| Dec 31, 2024 | 9.76% |
| Sep 30, 2024 | 17.13% |
| Jun 30, 2024 | 12.08% |
| Mar 31, 2024 | 13.04% |
| Dec 31, 2023 | 21.00% |
| Sep 30, 2023 | 17.04% |
| Jun 30, 2023 | 35.29% |
| Mar 31, 2023 | 42.46% |
| Dec 31, 2022 | 28.92% |
| Sep 30, 2022 | 34.43% |
| Jun 30, 2022 | 11.00% |
| Mar 31, 2022 | -6.19% |
| Dec 31, 2021 | 0.46% |
| Sep 30, 2021 | -26.58% |
API Access
Northern Oil & Gas Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();