Northern Oil & Gas (NOG) EBITDA (2011 - 2026)
Northern Oil & Gas (NOG) recorded quarterly EBITDA of -$654.9 million in Q1 2026, down 1835.29% quarter-over-quarter from -$33.8 million in Q4 2025, and down 385.62% on a YoY basis from $229.3 million in Q1 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.
- In Q1 2026, EBITDA fell 385.62% year-over-year to -$654.9 million; the TTM figure through Mar 2026 stood at -$638.3 million (down 162.9% YoY), while the FY2025 annual figure was $245.8 million, down 70.66% from the prior year.
- EBITDA was -$654.9 million for Q1 2026 at Northern Oil & Gas, down from -$33.8 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $604.6 million in Q3 2022 to a low of -$654.9 million in Q1 2026.
- Historically, EBITDA has averaged $141.4 million across 5 years, with a median of $176.2 million in 2025.
- The sharpest annual moves came in 2022 and 2026: EBITDA soared 2142.39% in 2022, then sank 385.62% in 2026.
- A 5-year view of EBITDA shows it stood at $167.5 million in 2022, then jumped by 188.92% to $484.0 million in 2023, then sank by 72.6% to $132.6 million in 2024, then tumbled by 125.51% to -$33.8 million in 2025, then tumbled by 1835.29% to -$654.9 million in 2026.
- The last three EBITDA figures came in at -$654.9 million (Q1 2026), -$33.8 million (Q4 2025), and -$125.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 631.53 Bn | 625.59 Bn | - | 1.10 Bn |
| 2 | Canadian Natural Resources | 402.73 Bn | 402.73 Bn | 6.72 Bn | 5.68 Bn |
| 3 | Conocophillips | 145.39 Bn | 139.02 Bn | 9.48 Bn | 7.20 Bn |
| 4 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 1.98 Bn |
| 5 | Occidental Petroleum | 57.00 Bn | 53.82 Bn | 4.87 Bn | 3.76 Bn |
| 6 | Diamondback Energy | 56.03 Bn | 62.20 Bn | 4.22 Bn | 116.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 36.26 Bn | 35.65 Bn | 472.36 Mn | 215.59 Mn |
| 8 | Eqt | 33.02 Bn | 36.36 Bn | 2.98 Bn | 2.04 Bn |
| 9 | Vermilion Energy | 32.76 Bn | 32.57 Bn | 370.10 Mn | -112.59 Mn |
| 10 | Northern Oil & Gas | 2.12 Bn | 2.07 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 |