Northern Oil & Gas Inc (NOG) — Capital Reinvestment Ratio
Latest as of March 2026:
1.96x
Northern Oil & Gas Inc (NOG) has a Capital Reinvestment Ratio of 1.96x as of March 2026, meaning it reinvests 2% of its operating cash flow ($323.62 Million) in capital expenditures ($634.68 Million). See Northern Oil & Gas Inc free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.96x
Capex / Operating Cash Flow
Operating Cash Flow
$323.62 Million
USD
Capital Expenditures
$634.68 Million
USD
Data as of
Mar 2026
Most recent filing
Northern Oil & Gas Inc Capital Reinvestment Ratio (2008–2025)
This chart tracks Northern Oil & Gas Inc's Capital Reinvestment Ratio across 18 annual periods.
Annual Capital Reinvestment Ratio for Northern Oil & Gas Inc (2008–2025)
Year-by-year Capital Reinvestment Ratio for Northern Oil & Gas Inc from 2008 to 2025. For live market cap and broader valuation context, see how much is Northern Oil & Gas Inc worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.83x | $1.51 Billion | $1.25 Billion | ▼ -30.7% |
| 2024 | 1.20x | $1.41 Billion | $1.69 Billion | ▼ -23.0% |
| 2023 | 1.56x | $1.18 Billion | $1.85 Billion | ▲ +6.5% |
| 2022 | 1.46x | $928.42 Million | $1.36 Billion | ▼ -2.2% |
| 2021 | 1.50x | $396.47 Million | $593.78 Million | ▲ +75.0% |
| 2020 | 0.86x | $331.69 Million | $283.93 Million | ▼ -48.9% |
| 2019 | 1.68x | $339.75 Million | $569.13 Million | ▼ -13.8% |
| 2018 | 1.94x | $244.26 Million | $474.59 Million | ▲ +18.7% |
| 2017 | 1.64x | $72.97 Million | $119.41 Million | ▲ +79.0% |
| 2016 | 0.91x | $101.89 Million | $93.15 Million | ▼ -21.9% |
| 2015 | 1.17x | $247.02 Million | $289.15 Million | ▼ -32.7% |
| 2014 | 1.74x | $274.26 Million | $477.04 Million | ▲ +7.5% |
| 2013 | 1.62x | $222.77 Million | $360.45 Million | ▼ -39.6% |
| 2012 | 2.68x | $198.53 Million | $532.21 Million | ▼ -33.2% |
| 2011 | 4.01x | $85.15 Million | $341.81 Million | ▲ +51.5% |
| 2010 | 2.65x | $73.31 Million | $194.21 Million | ▼ -46.4% |
| 2009 | 4.95x | $9.81 Million | $48.54 Million | ▼ -73.5% |
| 2008 | 18.66x | $2.51 Million | $46.78 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow