1986-87 Oberliga season

The 1986-87 Oberliga season was the 14th season of the league as the third level of ice hockey in Germany. EC Ratingen won the Northern Group, EV Stuttgart won the Central Group, and ERC Ingolstadt won the Southern Group. Seven teams were promoted to the 2nd Bundesliga.

Group 2
Grefrather EC waived its participation in the Qualification round of the Oberliga North.

Group B
After a season fraught with difficulties and the bankruptcy of Bad Liebenzell, the Oberliga Central was abolished for 1987-88.