Northern Oil & Gas (NOG) EBITDA Margin (2011 - 2026)
Northern Oil & Gas (NOG) posted EBITDA Margin of 73.19% for Q2 2026, up 19.16 percentage points from 54.03% a year earlier and up 9176.09 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) EBITDA Margin (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Northern Oil & Gas was 17.29%, down 51.53 percentage points year-over-year; for FY2025, it was 42.84%, down 28.09 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of +165.83 percentage points (FY2020 to FY2025).
- In prior years, Northern Oil & Gas' EBITDA Margin was 70.93% in FY2024 (-3.29 pp), 74.22% in FY2023 (+3.90 pp), 70.32% in FY2022 (+26.29 pp) and 44.03% in FY2021 (+167.01 pp).
- The Q2 2026 figure stands as the highest quarterly EBITDA Margin since Q3 2024.
- On a year-over-year basis, EBITDA Margin increased in three of the last eight quarters, with an average year-over-year change of -1156.55 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q1 2023, with a gain of 490.88 percentage points; the weakest was Q1 2026, with a drop of 9175.15 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was -9102.90% (Q1 2026), 27.90% (Q4 2025) and 13.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 35.00% |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | -19.76% |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | - |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 12.70% |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 68.45% |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | 29.57% |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | -73.22% |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 54.46% |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 40.25% |
| 10 | Northern Oil & Gas | 2.47 Bn | 2.34 Bn | 618.15 Mn | 73.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.19% |
| Mar 31, 2026 | -9,102.90% |
| Dec 31, 2025 | 27.90% |
| Sep 30, 2025 | 13.22% |
| Jun 30, 2025 | 54.03% |
| Mar 31, 2025 | 72.24% |
| Dec 31, 2024 | 65.50% |
| Sep 30, 2024 | 82.21% |
| Jun 30, 2024 | 70.54% |
| Mar 31, 2024 | 57.09% |
| Dec 31, 2023 | 80.05% |
| Sep 30, 2023 | 56.13% |
| Jun 30, 2023 | 71.60% |
| Mar 31, 2023 | 78.19% |
| Dec 31, 2022 | 66.11% |
| Sep 30, 2022 | 84.71% |
| Jun 30, 2022 | 73.60% |
| Mar 31, 2022 | -412.69% |
| Sep 30, 2021 | 24.20% |
| Jun 30, 2021 | -19.50% |
API Access
Northern Oil & Gas EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NOG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NOG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NOG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();