Northern Oil & Gas (NOG) Total Debt (2011 - 2026)
Northern Oil & Gas (NOG) reported Total Debt of $2.72 billion for Q2 2026, up 15.2% from $2.37 billion a year earlier and up 6.8% from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) Total Debt (2011 - 2026) Analysis & Trends
At the end of FY2025, Northern Oil & Gas posted Total Debt of $2.4 billion, up 1.1% from FY2024.
- Total Debt has increased for four consecutive years, with a five-year compound annual growth rate of 20.4% (FY2020 to FY2025).
- By year, Total Debt came in at $2.37 billion in FY2024 (+29.1%), $1.84 billion in FY2023 (+20.3%), $1.53 billion in FY2022 (+89.9%) and $803.44 million in FY2021 (-15.0%).
- The Q2 2026 figure ranks as the highest quarterly Total Debt in data going back to Q2 2011.
- Year over year, Total Debt has now increased in each of the last seven quarters, with growth averaging 14.5% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q4 2022 (growth of 89.9%); the low point was Q4 2021 (a decline of 15.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.55 billion (Q1 2026), $2.4 billion (Q4 2025) and $2.35 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 65.60 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 401.00 Mn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 33.10 Bn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 36.67 Bn |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 23.29 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | - |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 20.57 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 12.39 Bn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 9.85 Bn |
| 10 | Northern Oil & Gas | 2.47 Bn | 2.34 Bn | 618.15 Mn | 2.72 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.72 Bn |
| Mar 31, 2026 | 2.55 Bn |
| Dec 31, 2025 | 2.40 Bn |
| Sep 30, 2025 | 2.35 Bn |
| Jun 30, 2025 | 2.37 Bn |
| Mar 31, 2025 | 2.31 Bn |
| Dec 31, 2024 | 2.37 Bn |
| Sep 30, 2024 | 1.95 Bn |
| Jun 30, 2024 | 1.87 Bn |
| Mar 31, 2024 | 1.94 Bn |
| Dec 31, 2023 | 1.84 Bn |
| Sep 30, 2023 | 2.06 Bn |
| Jun 30, 2023 | 1.67 Bn |
| Mar 31, 2023 | 1.76 Bn |
| Dec 31, 2022 | 1.53 Bn |
| Sep 30, 2022 | 1.17 Bn |
| Jun 30, 2022 | 1.10 Bn |
| Mar 31, 2022 | 1.12 Bn |
| Dec 31, 2021 | 803.44 Mn |
| Sep 30, 2021 | 858.42 Mn |
API Access
Northern Oil & Gas Total Debt 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=total-debt&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();