Northern Oil & Gas (NOG) Return on Assets [ROA] (2009 - 2026)
Northern Oil & Gas' Return on Assets [ROA] came in at -8.02% for Q3 2026, down 11.25 percentage points from 3.24% a year earlier but up 0.55 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Return on Assets [ROA] (2009 - 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 -11.41% (Q1 2026) to 42.46% (Q1 2023).
- Year-over-year, Return on Assets [ROA] has declined for eight consecutive quarters, with an average year-over-year change of -11.32 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 -8.57% (Q2 2026), -11.41% (Q1 2026) and 0.71% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 8.98% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 4.18% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 8.25% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 6.03% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 5.60% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 9.23% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 834.81% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 15.10% |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | -8.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -8.02% |
| 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% |
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();