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The headline numbers for Northern Oil and Gas (NOG) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
NOG expects an average daily production of 130,000-135,000 barrels of oil equivalent for 2025, with oil production in the range of 75,000-79,000 barrels per day.
Northern's Q1 2025 production exceeded its full-year guidance midpoint by 2% despite prior indications that it would be a lower volume quarter. Northern's Uinta Basin volumes improved more than 15% from Q4 2024. Northern is well hedged on oil for 2025, but its projected FCF at high-$50s oil for the remainder of the year is only slightly higher than its current dividend.
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, the elected commitment amount increased from $1.5 billion to $1.6 billion and the borrowing base remains unchanged at $1.8 billion. The Company's bank group now includes 20 banks with the addition of CIBC Capital Ma.
Northern Oil and Gas, Inc. (NYSE:NOG ) Q1 2025 Earnings Conference Call April 30, 2025 9:00 AM ET Company Participants Evelyn Infurna - Vice President of Investor Relations Nick O'Grady - Chief Executive Officer Adam Dirlam - President Chad Allen - Chief Financial Officer Conference Call Participants Noah Hungness - Bank of America Noel Parks - Tuohy Brothers Phillips Johnston - Capital One Operator Greetings and welcome to the NOG's First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
MINNEAPOLIS--(BUSINESS WIRE)--NOG Declares $0.45 Quarterly Cash Dividend, 12.5% Increase Year-over-Year.
Northern Oil and Gas (NOG) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.28 per share a year ago.
MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces First Quarter 2025 Results.
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) announced today that it published its Environmental, Social and Governance (“ESG”) Report for the year ended December 31, 2024. The report is available on the Company's website under the Sustainability section, in addition to prior year reports. Highlights from the 2024 Report include the publication of a formal ESG Policy, and the implementation of an ESG Risk and Control Matrix and a GHG Inventory Ma.
Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.