Northern Oil and Gas

Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded on March 20, 2007 and is headquartered in Minnetonka, MN.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Northern Oil and Gas (NOG) reports robust Q4 results and eyes strategic growth through acquisitions

Northern Oil and Gas (NOG) delivered a strong performance in Q4 2022, emphasizing growth through acquisitions and shareholder returns. Despite challenges in gas realizations and asset evaluations, the company remains optimistic about growth opportunities in existing basins and through M&A activities.

Northern Oil and Gas excels in Q1 2023, eyes strategic growth

Northern Oil and Gas reported strong financial performance and operational achievements in Q1 2023, driven by record adjusted EBITDA and robust free cash flow.
The company's dynamic capital allocation strategies and focus on quality and efficiency position it well for growth and strategic opportunities in the industry.
Challenges such as market fragility and oversupply in certain basins require careful management, while opportunities in M&A and operational enhancements offer avenues for expansion.
Overall, Northern Oil and Gas remains focused on maximizing operational efficiency, evaluating strategic opportunities, and navigating industry challenges to drive sustainable growth.

Northern Oil and Gas reports robust Q2 performance and strategic growth outlook

Northern Oil and Gas (NOG) delivered strong financial performance in Q2, with a focus on growth acceleration and effective capital allocation. While facing challenges in asset quality and cost management, NOG's strategic strengths and opportunities for operational enhancement position the company for future success.

Northern Oil and Gas (NOG) excels in Q3, eyes growth amid market challenges

Northern Oil and Gas (NOG) reported a robust Q3 performance marked by record production levels, improved financial metrics, and strategic capital raising. Despite facing challenges in the A&D market and preparing for market volatility, the company is well-positioned to leverage growth opportunities and drive shareholder value through a return-driven approach.

Northern Oil and Gas reports robust Q4 performance and growth plans

NOG shows strong financial growth and strategic focus on shareholder value.
Challenges include delays in reporting and conservative reserve considerations.
Opportunities lie in expansion plans, optimization, and ongoing acquisitions.
Overall, NOG is well-positioned for growth and value creation in the energy sector.

Northern Oil and Gas (NOG) excels in Q1 2024, eyes M&A opportunities

Northern Oil and Gas (NOG) delivered a strong Q1 performance with record production and increased EBITDA, driven by operational excellence and strategic capital allocation. While facing challenges in industry infrastructure and competition, NOG is well-positioned to leverage opportunities in M&A and asset performance.

Northern Oil and Gas reports robust Q2 earnings and growth opportunities

NOG's Q2 2024 performance reflects strong financial growth, operational efficiency, and a commitment to enhancing shareholder value through dividends and share repurchases.
While facing challenges from market volatility and operational risks, NOG's strategic focus on value creation and asset diversification positions the company well for future growth.
With a solid financial foundation, promising acquisitions, and operational improvements, NOG has opportunities to capitalize on growth prospects and optimize costs for sustained profitability.

Northern Oil and Gas reports robust Q3 performance and strategic growth plans for 2025

NOG's Q3 2024 performance showcased resilience with record free cash flow and near-record adjusted EBITDA despite market challenges. The company's strategic focus on cost reduction, shareholder returns, and organic growth positions it well for future success amidst volatile market conditions.

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Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded by Michael Lewis Reger in 2006 and is headquartered in Minnetonka, MN.

NOG completes a strategic acquisition in the Uinta Basin, securing valuable assets and a decade of Tier 1 drilling locations to enhance growth potential.

Northern Completes Major Acquisition to Enhance Uinta Basin Operations

MINNEAPOLIS--(BUSINESS WIRE)--NOG Closes Uinta Basin Acquisition.

NOG Closes Uinta Basin Acquisition

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FORT WORTH, Texas--(BUSINESS WIRE)--Point Energy Partners II ("Point Energy") today announced the completion of its previously announced $1.1 billion all cash sale of its assets to Vital Energy, Inc. (NYSE: VTLE) ("Vital") and Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”). Point Energy is a portfolio company of Vortus Investments Advisors. Point Energy is proud to announce a significant milestone in its operational journey, having increased production from an initial 300 net barrels of oil equ.

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Northern Oil and Gas, Inc. uses a unique, less risky business model by owning minority interests in wells, resulting in higher margins and higher cash flow than peers. The company's stock price closely correlates with West Texas Intermediate crude oil prices, offering exposure to oil prices with less volatility. Despite macroeconomic concerns, Northern Oil and Gas's diversified portfolio and high margins make it a compelling investment, especially with a 4.94% dividend yield.

Northern Oil and Gas: Stronger Positioning, But Commodity Prices Could Drag

Northern Oil and Gas (NOG) reported earnings 30 days ago. What's next for the stock?

Why Is Northern Oil and Gas (NOG) Down 7.9% Since Last Earnings Report?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Northern Oil and Gas (NOG) Stock?

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Northern Oil and Gas (NOG) plans to acquire an additional 20% undivided stake in the Uinta Basin assets for an unadjusted price of $17.5 million in cash.

Northern Oil and Gas (NOG) to Expand Footprint in Uinta Basin

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Investors may keep a tab on stocks like BMA, NOG, FOXA, SHIP and MKTX, which have lately hiked their dividend payments.

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MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.42 Quarterly Cash Dividend, 11% Increase Year-over-Year.

NOG Declares $0.42 Quarterly Cash Dividend, 11% Increase Year-over-Year

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In the most anticipated week of the Q2 earnings season, several top-rated Zacks stocks are standing out after exceeding their quarterly top and bottom line expectations on Tuesday.

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Northern Oil and Gas, Inc. (NYSE:NOG ) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Evelyn Infurna - VP, IR Nick O'Grady - CEO Adam Dirlam - President Chad Allen - CFO Jim Evans - CTO Conference Call Participants Neal Dingmann - Truist Securities John Freeman - Raymond James Scott Hanold - RBC Donovan Schafer - Northland Capital Markets Charles Meade - Johnson Rice Phillips Johnston - Capital One Paul Diamond - Citi Noah Hungness - Bank of America Securities Noel Parks - Tuohy Brothers Operator Greetings and welcome to the NOG's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Northern Oil and Gas, Inc. (NOG) Q2 2024 Earnings Call Transcript

Northern (NOG) expects annual oil production of 70,000-73,000 barrels per day and total production of 115,000-120,000 barrels of oil equivalent per day in 2024.

Northern (NOG) Q2 Earnings and Revenues Outpace Estimates

Northern Oil and Gas (NOG) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.49 per share a year ago.

Northern Oil and Gas (NOG) Surpasses Q2 Earnings and Revenue Estimates

MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Second Quarter 2024 Results, Updates 2024 Guidance.

NOG Announces Second Quarter 2024 Results, Updates 2024 Guidance

Northern Oil (NOG) partners with Vital Energy to acquire a 20% stake in Delaware Basin assets, aiming to boost production and generate long-term value for its shareholders.

Northern Oil (NOG), Vital Energy to Buy Point Energy Assets

MINNEAPOLIS--(BUSINESS WIRE)--NOG Provides Shareholder Return Update; Plans Mid-Year Increase to Quarterly Dividend.

NOG Provides Shareholder Return Update; Plans Mid-Year Increase to Quarterly Dividend

Northern Oil and Gas (NOG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Northern Oil and Gas (NOG) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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MINNEAPOLIS--(BUSINESS WIRE)--NOG Schedules Second Quarter 2024 Earnings Release and Conference Call.

NOG Schedules Second Quarter 2024 Earnings Release and Conference Call

By expanding its footprint in the Uinta Basin, Northern Oil and Gas (NOG) continues to solidify its status as a premier non-operated oil and gas company, poised for long-term success.

Northern Oil (NOG) Expands With Uinta Basin Acquisition

DENVER , June 27, 2024 /PRNewswire/ -- SM Energy Company (the "Company" or "SM Energy") (NYSE: SM) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC ("XCL"), a private company backed by EnCap Investments L.P. ("EnCap") and Rice Investment Group ("Rice"), for an unadjusted purchase price of $2.55 billion.

SM ENERGY ANNOUNCES HIGHLY ACCRETIVE $2.0 BILLION UINTA BASIN ACQUISITION, 11% INCREASE TO FIXED DIVIDEND AND RELOADED $500 MILLION SHARE REPURCHASE PROGRAM

MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.40 Quarterly Cash Dividend.

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