Northern Oil & Gas (NOG) EBITDA Margin (2009 - 2026)
Northern Oil & Gas (NOG) posted EBITDA Margin of 38.66% for Q3 2026, up 24.90 percentage points from 13.76% a year earlier but down 34.87 percentage points from the prior quarter.
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Analysis
Northern Oil & Gas (NOG) EBITDA Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBITDA Margin at Northern Oil & Gas was 23.40%, down 28.61 percentage points year-over-year; for FY2025, it was 43.27%, down 28.08 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of +165.32 percentage points (FY2020 to FY2025).
- In prior years, Northern Oil & Gas' EBITDA Margin was 71.35% in FY2024 (-3.24 pp), 74.60% in FY2023 (+3.96 pp), 70.64% in FY2022 (+25.85 pp) and 44.79% in FY2021 (+166.83 pp).
- Quarterly EBITDA Margin has run from a low of -9052.89% in Q1 2026 to a high of 84.86% in Q3 2022 over five years.
- On a year-over-year basis, EBITDA Margin increased in three of the last eight quarters, with an average year-over-year change of -1150.48 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q1 2023, with a gain of 487.90 percentage points; the weakest was Q1 2026, with a drop of 9125.53 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 73.53% (Q2 2026), -9052.89% (Q1 2026) and 28.33% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 24.94% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 1,326.59% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 29.80% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 46.16% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 13.16% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 65.81% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 45.38% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 91.50% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 15.42% |
| 10 | Northern Oil & Gas | 2.66 Bn | 2.53 Bn | 202.42 Mn | 38.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.66% |
| Jun 30, 2026 | 73.53% |
| Mar 31, 2026 | -9,052.89% |
| Dec 31, 2025 | 28.33% |
| Sep 30, 2025 | 13.76% |
| Jun 30, 2025 | 54.40% |
| Mar 31, 2025 | 72.64% |
| Dec 31, 2024 | 65.97% |
| Sep 30, 2024 | 82.53% |
| Jun 30, 2024 | 70.96% |
| Mar 31, 2024 | 57.65% |
| Dec 31, 2023 | 80.34% |
| Sep 30, 2023 | 56.82% |
| Jun 30, 2023 | 72.00% |
| Mar 31, 2023 | 78.49% |
| Dec 31, 2022 | 66.56% |
| Sep 30, 2022 | 84.86% |
| Jun 30, 2022 | 73.85% |
| Mar 31, 2022 | -409.42% |
| Sep 30, 2021 | 24.54% |
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();