Northern Oil & Gas annual debt-to-ebitda ratio
2011
2012
2013
2014
2017
2018
2022
2023
2024
2025
Northern Oil & Gas Debt-to-EBITDA Ratio Growth & History (NOG)
Northern Oil & Gas's debt-to-ebitda ratio was 2.28 for fiscal 2025.
View full Northern Oil & Gas company overviewNorthern Oil & Gas annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.28 | 0.78 | +52.09% |
| 2024 | 2024-12-31 | 1.50 | 0.37 | +32.59% |
| 2023 | 2023-12-31 | 1.13 | −0.25 | −17.83% |
| 2022 | 2022-12-31 | 1.38 | — | — |
| 2018 | 2018-12-31 | 1.92 | −14.22 | −88.11% |
| 2017 | 2017-12-31 | 16.14 | — | — |
| 2014 | 2014-12-31 | 1.66 | −2.64 | −61.39% |
| 2013 | 2013-12-31 | 4.31 | 1.99 | +86.00% |
| 2012 | 2012-12-31 | 2.32 | 2.32 | — |
| 2011 | 2011-12-31 | 0.00 | — | — |
Northern Oil & Gas quarterly debt-to-ebitda ratio
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 8.48 | — | — |
| Q1 2026 | 2026-03-31 | 16.11 | — | — |
| Q4 2018 | 2018-12-31 | 1.92 | −14.22 | −88.11% |
| Q3 2018 | 2018-09-30 | 10.62 | −2.04 | −16.13% |
| Q2 2018 | 2018-06-30 | 21.22 | −1.77 | −7.69% |
| Q1 2018 | 2018-03-31 | 18.39 | — | — |
| Q4 2017 | 2017-12-31 | 16.14 | — | — |
| Q3 2017 | 2017-09-30 | 12.66 | — | — |
| Q2 2017 | 2017-06-30 | 22.99 | — | — |
| Q4 2014 | 2014-12-31 | 1.66 | −2.64 | −61.39% |
| Q3 2014 | 2014-09-30 | 3.08 | −1.38 | −31.02% |
| Q2 2014 | 2014-06-30 | 6.91 | 2.18 | +46.19% |
| Q1 2014 | 2014-03-31 | 4.31 | 2.09 | +94.43% |
| Q4 2013 | 2013-12-31 | 4.31 | 1.99 | +86.00% |
| Q3 2013 | 2013-09-30 | 4.46 | 1.34 | +42.84% |
| Q2 2013 | 2013-06-30 | 4.73 | 4.73 | — |
| Q1 2013 | 2013-03-31 | 2.22 | 2.22 | — |
| Q4 2012 | 2012-12-31 | 2.32 | 2.32 | — |
| Q3 2012 | 2012-09-30 | 3.12 | — | — |
| Q2 2012 | 2012-06-30 | 0.00 | — | — |
| Q1 2012 | 2012-03-31 | 0.00 | — | — |
| Q4 2011 | 2011-12-31 | 0.00 | — | — |
Northern Oil & Gas debt-to-ebitda ratio trends
Between the periods ended 2011-12-31 and 2025-12-31, Northern Oil & Gas's debt-to-ebitda ratio increased from 0.00 to 2.28, a change of 2.28. The latest reported quarter, Q2 2026, shows 8.48.
About the metric
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
Calculation and source
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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