NOG (Northern Oil & Gas) Accumulated Depreciation: $-7,440 Mil (As of Jun. 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NOG Northern Oil & Gas Inc NOG
60 GF Score
Price $26.02
GF Value $31.31
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Northern Oil & Gas Accumulated Depreciation?

Northern Oil & Gas NOG -1.51% 60 Accumulated Depreciation is $-7,440 Mil as of Jun. 2026. GuruFocus rates NOG with a GF Score™ of 60/100 and a GF Value™ of $31.31 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Northern Oil & Gas's quarterly accumulated depreciation increased from Dec. 2025 ($-6,785 Mil) to Mar. 2026 ($-7,249 Mil) and increased from Mar. 2026 ($-7,249 Mil) to Jun. 2026 ($-7,440 Mil).

Northern Oil & Gas's annual accumulated depreciation increased from Dec. 2023 ($-4,542 Mil) to Dec. 2024 ($-5,272 Mil) and increased from Dec. 2024 ($-5,272 Mil) to Dec. 2025 ($-6,785 Mil).

Northern Oil & Gas Accumulated Depreciation Related Terms

Northern Oil & Gas Accumulated Depreciation Historical Data

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The historical data trend for Northern Oil & Gas's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Northern Oil & Gas Accumulated Depreciation Chart

Northern Oil & Gas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,809.04 -4,058.18 -4,541.81 -5,271.81 -6,784.65

Northern Oil & Gas Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5,801.50 -6,318.69 -6,784.65 -7,248.73 -7,440.26
NOG
60GF Score
Northern Oil & Gas Inc NOG
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Oil & Gas Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-7,440 Mil mean?
Northern Oil & Gas (NOG) has a Accumulated Depreciation of $-7,440 Mil as of Jun. 2026. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Northern Oil & Gas and its competitors.
Is Northern Oil & Gas' Accumulated Depreciation too high?
Northern Oil & Gas' current Accumulated Depreciation is $-7,440 Mil. Overall, Northern Oil & Gas has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Northern Oil & Gas' Accumulated Depreciation compare to MNR and TALO?
Northern Oil & Gas' Accumulated Depreciation of $-7,440 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for an Oil & Gas company?
A good Accumulated Depreciation depends on the Oil & Gas industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Northern Oil & Gas and its competitors. Northern Oil & Gas's current Accumulated Depreciation is $-7,440 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Oil & Gas stock overvalued right now?
Based on GuruFocus' analysis, Northern Oil & Gas (NOG) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.31, compared to a current price of $26.02 — trading 16.9% below its estimated fair value. The current Accumulated Depreciation is $-7,440 Mil. Northern Oil & Gas' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Northern Oil & Gas (NOG), the current Accumulated Depreciation is $-7,440 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Northern Oil & Gas (NOG) Overvalued in 2026?

Based on GuruFocus' analysis, Northern Oil & Gas stock appears to be undervalued. The current stock price of $26.02 is trading 16.9% below its estimated GF Value™ of $31.31. GuruFocus considers Northern Oil & Gas to be Modestly Undervalued.

Key valuation signals for NOG:

  • Accumulated Depreciation: $-7,440 Mil
  • GF Value™: $31.31 vs. price of $26.02 (16.9% below fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the NOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Northern Oil & Gas Business Description

Industry EnergyOil & Gas
Other Exchanges 4LT1:Germany
Address 4350 Baker Road, Suite 400, Minnetonka, MN, USA, 55343
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).
60GF Score

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Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.02
Price
$31.31
GF Value