Northern Oil & Gas (NOG) Return on Capital Employed (2011 - 2026)
Northern Oil & Gas (NOG) posted quarterly Return on Capital Employed of 13.99% for Q1 2026, down 3399.0% year-over-year from 0.42% in Q1 2025, and down 379.54% quarter-over-quarter from 5.0% in Q4 2025.
Northern Oil & Gas (NOG) Return on Capital Employed (2011 - 2026) Analysis & Trends
Northern Oil & Gas' Return on Capital Employed history runs 16 years deep, the most recent figure standing at 13.99% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 3399.0% year-over-year to 13.99%; the TTM figure through Mar 2026 stood at 13.99% (down 3399.0% YoY), while the FY2025 annual figure was 4.95%, down 1367.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 13.99%, down from 5.0% in the prior quarter.
- The five-year high for Return on Capital Employed was 50.76% in Q1 2023, with the low at 13.99% in Q1 2026.
- The 5-year median for Return on Capital Employed is 20.0% (2025), against an average of 21.45%.
- The sharpest annual moves came in 2022 and 2026: Return on Capital Employed soared 17683 bps in 2022, then sank 3399 bps in 2026.
- Northern Oil & Gas' Return on Capital Employed stood at 36.64% in 2022, then fell by 24 bps to 27.99% in 2023, then plunged by 37 bps to 17.51% in 2024, then tumbled by 71 bps to 5.0% in 2025, then sank by 380 bps to 13.99% in 2026.
- Business Quant data shows NOG's Return on Capital Employed at 13.99% in Q1 2026, 5.0% in Q4 2025, and 8.08% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.08 Bn | 156.39 Bn | 12.81 Bn | 28.17% |
| 2 | Canadian Natural Resources | 106.43 Bn | 104.54 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.31 Bn | 75.40 Bn | - | 18.27% |
| 4 | Diamondback Energy | 59.10 Bn | 58.64 Bn | 5.55 Bn | 1.68% |
| 5 | Woodside Energy | 46.10 Bn | 40.16 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.03 Bn | 45.03 Bn | 6.02 Bn | 9.42% |
| 7 | Occidental Petroleum | 39.35 Bn | 35.20 Bn | 7.73 Bn | 5.58% |
| 8 | Eqt | 33.68 Bn | 33.57 Bn | 1.42 Bn | 10.19% |
| 9 | Texas Pacific Land | 26.53 Bn | 26.28 Bn | - | 39.30% |
| 10 | Northern Oil & Gas | 2.88 Bn | 2.80 Bn | 618.15 Mn | -9.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -9.16% |
| Mar 31, 2026 | -13.99% |
| Dec 31, 2025 | 5.00% |
| Sep 30, 2025 | 8.08% |
| Jun 30, 2025 | 18.69% |
| Mar 31, 2025 | 20.00% |
| Dec 31, 2024 | 17.51% |
| Sep 30, 2024 | 26.61% |
| Jun 30, 2024 | 18.93% |
| Mar 31, 2024 | 19.69% |
| Dec 31, 2023 | 27.99% |
| Sep 30, 2023 | 23.81% |
| Jun 30, 2023 | 43.76% |
| Mar 31, 2023 | 50.76% |
| Dec 31, 2022 | 36.64% |
| Sep 30, 2022 | 44.92% |
| Jun 30, 2022 | 20.26% |
| Mar 31, 2022 | -4.07% |
| Dec 31, 2021 | 7.38% |
| Sep 30, 2021 | -29.66% |