Northern Oil & Gas (NOG) Tax Rate (2011 - 2026)
Northern Oil & Gas (NOG) recorded Tax Rate of 23.83% in Q2 2026, down 0.61 percentage points from 24.44% a year earlier and down 1.05 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Tax Rate (2011 - 2026) Analysis & Trends
On a TTM basis, Northern Oil & Gas' Tax Rate came in at 24.08% as of Jun 30, 2026, down 0.08 percentage points year-over-year; for FY2025, it came in at 38.19%, up 14.61 percentage points from FY2024.
- Annual Tax Rate has increased for three straight years, with a five-year change of +38.17 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 23.58% in FY2024 (+15.80 pp), 7.77% in FY2023 (+7.37 pp), 0.40% in FY2022 (-3.13 pp) and 3.53% in FY2021 (+3.52 pp).
- Quarterly Tax Rate has ranged from -381.99% in Q3 2023 to 25.19% in Q1 2025 over the past five years.
- On a year-over-year basis, Tax Rate has declined for four consecutive quarters, with an average year-over-year change of +51.96 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 406.86 percentage points in Q3 2024, against a drop of 382.22 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.87% (Q1 2026), 17.84% (Q4 2025) and 23.54% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 31.41% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 26.95% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | - |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | - |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | - |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 21.97% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 18.22% |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | - |
| 10 | Northern Oil & Gas | 2.44 Bn | 2.31 Bn | 618.15 Mn | 23.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.83% |
| Jun 30, 2025 | 24.44% |
| Mar 31, 2025 | 25.19% |
| Dec 31, 2024 | 18.34% |
| Sep 30, 2024 | 24.87% |
| Jun 30, 2024 | 23.58% |
| Mar 31, 2024 | 19.69% |
| Dec 31, 2023 | 13.13% |
| Jun 30, 2023 | 18.86% |
| Mar 31, 2023 | 0.20% |
| Sep 30, 2022 | 0.23% |
| Jun 30, 2022 | 0.40% |
| Dec 31, 2021 | 0.13% |
| Dec 31, 2014 | 37.81% |
| Sep 30, 2014 | 37.67% |
| Mar 31, 2014 | 38.35% |
| Dec 31, 2013 | 37.64% |
| Sep 30, 2013 | 37.64% |
| Jun 30, 2013 | 36.91% |
| Mar 31, 2013 | 38.50% |
API Access
Northern Oil & Gas Tax Rate 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=tax-rate&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();