Northern Oil and Gas Earnings Reports

Northern Oil and Gas (NOG) reported Q4 2024 earnings with revenue of $545.5 million, net income of $71.7 million, and adjusted net income of $111.8 million. Adjusted EPS came in at $1.11 per share. The company produced 131,777 Boe per day, marking a 15% increase year-over-year. Free cash flow was $96.4 million, and NOG closed an acquisition of Uinta Basin assets for $511.3 million.

Northern Oil and Gas reported strong Q3 2024 results, achieving record oil production of 70,913 Bbl per day and free cash flow of $177.1 million. The company closed the Point transaction on time and the XCL acquisition on October 1st, expanding its asset base. Financial performance included a GAAP net income of $298.4 million and adjusted EBITDA of $412.4 million, reflecting a 7% increase year-over-year.

Northern Oil and Gas announced record quarterly production and strong financial results for Q2 2024. The company achieved record production of 123,342 Boe per day, a 36% increase year-over-year. Net income was $138.6 million, and Adjusted EBITDA reached $413.1 million, a 31% increase from Q2 2023. The company also announced strategic acquisitions and increased shareholder returns through share repurchases and dividend recommendations.

Northern Oil and Gas, Inc. reported strong Q1 2024 results, marked by record quarterly production of 119,436 Boe per day, a 37% increase year-over-year. The company's Permian Basin production reached record volumes, surpassing the Williston Basin for the first time. NOG also closed on strategic acquisitions and continued its focus on shareholder returns through dividends and share repurchases.

Northern Oil and Gas announced strong Q4 2023 results, with increased oil and total volumes, record cash flow from operations, and reduced leverage. Production reached 114,363 Boe per day, a 45% increase year-over-year. The company also provided detailed 2024 guidance, projecting significant production growth and cash generation.

Northern Oil and Gas announced a strong third quarter with record production of 102,327 Boe per day, a 29% increase year-over-year. The company reported GAAP net income of $26.1 million and Adjusted EBITDA of $385.5 million. Free cash flow was $127.8 million. NOG also completed the Novo acquisition and increased its dividend.

Northern Oil and Gas reported record quarterly production of 90,878 Boe per day, a 25% increase from the previous year. Net income was $167.8 million, and Adjusted EBITDA reached $315.5 million, a 16% increase year-over-year. The company also closed on the acquisition of a 30% stake in the Forge assets and entered into an agreement for a stake in the Novo assets.

Northern Oil and Gas announced strong Q1 2023 results, achieving record quarterly production of 87,385 Boe per day, a 23% increase year-over-year. The company reported a net income of $340.2 million and record Adjusted EBITDA of $325.5 million. They also closed on the acquisition of a working interest in the MPDC Mascot project and increased shareholder returns through dividends and share repurchases.

Northern Oil and Gas reported a 34% increase in oil and natural gas sales, reaching $445.6 million. GAAP net income was $133.3 million, or $1.63 per diluted share, and Adjusted EBITDA increased by 51% to $264.8 million.

Northern Oil and Gas announced strong Q3 2022 results, with record quarterly production of 79,123 Boe per day, a 37% increase year-over-year. The company reported GAAP net income of $583.5 million, or $6.77 per diluted share, and Adjusted EBITDA of $292.4 million, a 7% increase from the previous quarter. Free Cash Flow was $110.6 million, up 99% from Q3 2021.

Northern Oil and Gas, Inc. announced strong second quarter results with record Adjusted EBITDA, growing production, accelerated shareholder returns, and declining leverage ratios. The company reported a GAAP net income of $251.3 million, production of 72,689 Boe per day, and Adjusted EBITDA of $272.5 million.

Northern Oil and Gas announced record first quarter results driven by accretive acquisitions of high quality properties. The company achieved record Adjusted EBITDA, Free Cash Flow, and production. Management plans to recommend to the Board of Directors a $0.25 per share dividend for the third quarter of 2022.

Northern Oil and Gas announced a transformational year in 2021, with Q4 production reaching 64,155 Boe per day, a 11% increase from the previous quarter. The company reported a net income of $171.1 million or $2.13 per diluted share, and an adjusted EBITDA of $175.3 million, up 29% from Q3. The company closed the Veritas acquisition in the Permian Basin on January 27, 2022 and announced a Base Dividend Growth plan in December 2021.

Northern Oil and Gas, Inc. reported a strong third quarter with record free cash flow and significant progress on acquisitions. The company's production increased substantially year-over-year, driven by growth in oil and natural gas output. Updated guidance reflects increased annual production and reduced capital expenditures.

Northern Oil and Gas reported strong operational and financial results for the second quarter of 2021, driven by bolt-on acquisitions and improved balance sheet management, resulting in substantial production and cash flow growth.

Northern Oil and Gas reported a strong first quarter with production exceeding internal expectations, driven by the Williston & Permian properties. The company generated $41.7 million in Free Cash Flow and improved its liquidity and balance sheet through strategic financings and debt reduction. They also declared their first ever quarterly common stock dividend.

Northern Oil and Gas announced strong Q4 2020 results, with a 23% increase in production from the previous quarter and a focus on return on capital employed. The company also reduced its total debt balance and completed significant common stock and senior notes offerings.

Northern Oil and Gas announced strong third-quarter results, marked by a 22% increase in production from the second quarter and a 9% decrease in operating expenses. The company strategically reduced debt by $6.5 million during the quarter and an additional $21.0 million after the quarter ended, while generating significant free cash flow and capitalizing on high-return asset opportunities.

Northern Oil and Gas, Inc. reported a GAAP net loss of $899.2 million, heavily impacted by non-cash items, but achieved an adjusted net income of $10.7 million. The company reduced total debt by $52.2 million and realized commodity hedge gains of $77.4 million. Production averaged 23,804 Boe per day, affected by curtailments and shut-ins.

Northern Oil and Gas reported a first quarter net income of $368.3 million, or $0.74 per diluted share, driven by a $345.1 million mark-to-market gain on unsettled commodity derivatives. Production increased 28% year-over-year, averaging 43,735 Boe per day, with oil production representing 79% of the total at 34,488 Bbls per day. The company also reduced its Senior Secured Notes by $90.2 million during the quarter and anticipates $175 to $200 million in total capital expenditures for 2020.