Northern Oil & Gas (NOG) Shares Outstanding (Diluted Average) (2010 - 2026)
Northern Oil & Gas (NOG) recorded quarterly Shares Outstanding (Diluted Average) of $98.5 million in Q1 2026, down 0.82% quarter-over-quarter from $99.3 million in Q4 2025, and down 1.49% on a YoY basis from $100.0 million in Q1 2025.
Northern Oil & Gas (NOG) Shares Outstanding (Diluted Average) (2010 - 2026) Analysis & Trends
Northern Oil & Gas' Shares Outstanding (Diluted Average) history runs 16 years deep, the most recent figure standing at $98.5 million for Q1 2026.
- In Q1 2026, Shares Outstanding (Diluted Average) fell 1.49% year-over-year to $98.5 million; the TTM figure through Mar 2026 stood at $98.5 million (down 1.49% YoY), while the FY2025 annual figure was $99.3 million, down 1.93% from the prior year.
- Shares Outstanding (Diluted Average) was $98.5 million for Q1 2026 at Northern Oil & Gas, down from $99.3 million in the prior quarter.
- In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $101.8 million in Q2 2024 to a low of $76.9 million in Q1 2022.
- Historically, Shares Outstanding (Diluted Average) has averaged $94.1 million across 5 years, with a median of $98.5 million in 2026.
- The sharpest annual moves came in 2022 and 2025: Shares Outstanding (Diluted Average) soared 42.99% in 2022, then fell 2.08% in 2025.
- A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $86.7 million in 2022, then grew by 6.21% to $92.1 million in 2023, then climbed by 10.0% to $101.3 million in 2024, then fell by 1.93% to $99.3 million in 2025, then decreased by 0.82% to $98.5 million in 2026.
- The last three Shares Outstanding (Diluted Average) figures came in at $98.5 million (Q1 2026), $99.3 million (Q4 2025), and $99.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 1.23 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 535.00 Mn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | - |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 282.79 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 977.00 |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 629.21 Mn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 113.40 Mn |
| 10 | Northern Oil & Gas | 2.04 Bn | 2.00 Bn | -124.72 Mn | 98.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.50 Mn |
| Dec 31, 2025 | 99.31 Mn |
| Sep 30, 2025 | 99.41 Mn |
| Jun 30, 2025 | 99.69 Mn |
| Mar 31, 2025 | 99.99 Mn |
| Dec 31, 2024 | 101.27 Mn |
| Sep 30, 2024 | 101.45 Mn |
| Jun 30, 2024 | 101.81 Mn |
| Mar 31, 2024 | 101.64 Mn |
| Dec 31, 2023 | 92.06 Mn |
| Sep 30, 2023 | 93.74 Mn |
| Jun 30, 2023 | 89.11 Mn |
| Mar 31, 2023 | 85.41 Mn |
| Dec 31, 2022 | 86.68 Mn |
| Sep 30, 2022 | 86.14 Mn |
| Jun 30, 2022 | 86.79 Mn |
| Mar 31, 2022 | 76.92 Mn |
| Dec 31, 2021 | 62.99 Mn |
| Sep 30, 2021 | 66.63 Mn |
| Jun 30, 2021 | 60.69 Mn |