• American Noble Gas average ebitda margin for 2023 was 24.02%, a 3.03% decline from 2022.
• American Noble Gas average ebitda margin for 2022 was 24.77%, a 9.66% decline from 2021.
• American Noble Gas average ebitda margin for 2021 was 27.42%, a 6.9% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.