Northern Oil & Gas (NOG) Return on Capital Employed (2011 - 2026)
Northern Oil & Gas (NOG) recorded quarterly Return on Capital Employed of 13.99% in Q1 2026, down 379.54% quarter-over-quarter from 5.0% in Q4 2025, and down 3399.0% on a YoY basis from 0.42% in Q1 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 was 13.99% for Q1 2026 at Northern Oil & Gas, down from 5.0% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 50.76% in Q1 2023 to a low of 13.99% in Q1 2026.
- Historically, Return on Capital Employed has averaged 21.45% across 5 years, with a median of 20.0% in 2025.
- The sharpest annual moves came in 2022 and 2026: Return on Capital Employed jumped 17683 bps in 2022, then slumped 3399 bps in 2026.
- A 5-year view of Return on Capital Employed shows it stood at 36.64% in 2022, then retreated by 24 bps to 27.99% in 2023, then sank by 37 bps to 17.51% in 2024, then plunged by 71 bps to 5.0% in 2025, then slumped by 380 bps to 13.99% in 2026.
- The last three Return on Capital Employed figures came in at 13.99% (Q1 2026), 5.0% (Q4 2025), and 8.08% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 13.66% |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 22.41% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 15.04% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 19.02% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | -0.44% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 23.41% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 12.16% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 34,022.25% |
| 10 | Northern Oil & Gas | 2.04 Bn | 2.00 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% |