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
DateValue
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