Northern Oil & Gas (NOG) Return on Capital Employed (2011 - 2026)
Northern Oil & Gas' (NOG) quarterly Return on Capital Employed came in at 13.99% in Q1 2026, down 3399.0% year-on-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.
- On a quarterly basis, Return on Capital Employed fell 3399.0% year-over-year to 13.99% in Q1 2026; TTM through Mar 2026 was 13.99%, a 3399.0% decrease from a year earlier, with the FY2025 full-year figure at 4.95%, down 1367.0% from the prior year.
- Return on Capital Employed eased to 13.99% in Q1 2026 per NOG's latest filing, from 5.0% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 50.76% in Q1 2023 and bottomed 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%.
- Across the five-year window, Return on Capital Employed soared 17683 bps in 2022 and slumped 3399 bps in 2026, its largest moves.
- Year by year, Return on Capital Employed stood at 36.64% in 2022, then retreated by 24 bps to 27.99% in 2023, then tumbled by 37 bps to 17.51% in 2024, then slumped by 71 bps to 5.0% in 2025, then plunged by 380 bps to 13.99% in 2026.
- Per Business Quant, the three latest NOG Return on Capital Employed figures stand at 13.99% (Q1 2026), 5.0% (Q4 2025), and 8.08% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 22.86% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 15.04% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | -0.44% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.41% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 10.19% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 39.41% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 10.92% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 17.11% |
| 10 | Northern Oil & Gas | 2.00 Bn | 1.96 Bn | -124.72 Mn | -13.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -71.40% |