Northern Oil & Gas (NOG) EBITDA (2011 - 2026)
Northern Oil & Gas' (NOG) quarterly EBITDA came in at -$654.9 million in Q1 2026, down 385.62% year-on-year from $229.3 million in Q1 2025, and down 1835.29% quarter-over-quarter from -$33.8 million in Q4 2025.
Northern Oil & Gas (NOG) EBITDA (2011 - 2026) Analysis & Trends
Northern Oil & Gas' EBITDA history runs 16 years deep, the most recent figure standing at -$654.9 million for Q1 2026.
- On a quarterly basis, EBITDA fell 385.62% year-over-year to -$654.9 million in Q1 2026; TTM through Mar 2026 was -$638.3 million, a 162.9% decrease from a year earlier, with the FY2025 full-year figure at $245.8 million, down 70.66% from the prior year.
- EBITDA retreated to -$654.9 million in Q1 2026 per NOG's latest filing, from -$33.8 million in the prior quarter.
- Across five years, EBITDA topped out at $604.6 million in Q3 2022 and bottomed at -$654.9 million in Q1 2026.
- The 5-year median for EBITDA is $176.2 million (2025), against an average of $141.4 million.
- Across the five-year window, EBITDA surged 2142.39% in 2022 and sank 385.62% in 2026, its largest moves.
- Year by year, EBITDA stood at $167.5 million in 2022, then jumped by 188.92% to $484.0 million in 2023, then tumbled by 72.6% to $132.6 million in 2024, then sank by 125.51% to -$33.8 million in 2025, then sank by 1835.29% to -$654.9 million in 2026.
- Per Business Quant, the three latest NOG EBITDA figures stand at -$654.9 million (Q1 2026), -$33.8 million (Q4 2025), and -$125.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 7.20 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 2.60 Bn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 116.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 2.71 Bn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 19.00 Mn |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 394.04 Mn |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 182.33 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 166.00 Mn |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 1.53 Bn |
| 10 | Northern Oil & Gas | 2.00 Bn | 1.96 Bn | -124.72 Mn | -654.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -654.88 Mn |
| Dec 31, 2025 | -33.84 Mn |
| Sep 30, 2025 | -125.76 Mn |
| Jun 30, 2025 | 176.17 Mn |
| Mar 31, 2025 | 229.28 Mn |
| Dec 31, 2024 | 132.64 Mn |
| Sep 30, 2024 | 433.94 Mn |
| Jun 30, 2024 | 218.94 Mn |
| Mar 31, 2024 | 52.32 Mn |
| Dec 31, 2023 | 484.04 Mn |
| Sep 30, 2023 | 42.44 Mn |
| Jun 30, 2023 | 234.79 Mn |
| Mar 31, 2023 | 360.59 Mn |
| Dec 31, 2022 | 167.53 Mn |
| Sep 30, 2022 | 604.64 Mn |
| Jun 30, 2022 | 270.10 Mn |
| Mar 31, 2022 | -189.08 Mn |
| Dec 31, 2021 | 190.29 Mn |
| Sep 30, 2021 | 26.96 Mn |
| Jun 30, 2021 | -74.92 Mn |