NOG Provides Third Quarter Update Acquires Core Uinta Basin Royalty and Minerals Bolt-on with Significant Inventory; Executes on Additional Ground Game; Well Performance Driving Increased Production Guidance MINNEAPOLIS—(BUSINESS WIRE)—Northern Oil and Gas, Inc. (NYSE: NOG) ("NOG" or the "Company") today provided an update on a number of business matters, including a recent bolt-on acquisition, an update on ground game transactions, capital expenditure and production guidance and other third quarter informa ...

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Enterta ...

The share price of Northern Oil and Gas, Inc. (NYSE:NOG) fell by 9.47% between September 26 and October 3, 2025, putting it among the Energy Stocks that Lost the Most This Week. Northern Oil and Gas (NOG): Among the Energy Stocks that Fell This Week Northern Oil and Gas, Inc. (NYSE:NOG) is the largest publicly traded, non-operated, upstream energy asset owner in the United States that engages in the acquisition, exploration, development, and production of oil and natural gas properties. Northern Oil and ...

MINNEAPOLIS---(BUSINESS WIRE)--NOG ANNOUNCES RESULTS OF TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 8.125% SENIOR NOTES DUE 2028. ...

MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Pricing of $725 Million Private Offering of Senior Notes. ...

MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Tender Offer for Any and All of Its Outstanding 8.125% Senior Notes Due 2028. ...

Company Overview - Northern Oil and Gas (NYSE: NOG) has reduced its capital expenditure (capex) budget by approximately $125 million to $150 million, which is expected to significantly enhance its free cash flow in 2025 [1] Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is a highly rated analyst on TipRanks. He co-founded a mobile gaming company that was acquired by PENN Entertainment and has expertise in designing economic models for mobile apps with over 30 million combined installs [1]

Industry Overview - The energy sector is experiencing a potential transformation due to slowing demand growth for certain energy products and a shift away from fossil fuels by investors, leading companies to cut exploration budgets [1][2] - Geopolitical conflicts in major fossil fuel regions, such as the Middle East and Venezuela, are exacerbating the situation, with analysts focusing on mid-size energy companies that may emerge as significant players [2] Company Highlights: Crescent Energy - Crescent Energy, with a market capitalization of over $2 billion, is focused on sustainable cash flow generation through high-quality reservoirs and disciplined capital efficiency [3][4] - The company reported a second-quarter earnings beat, exceeding EPS estimates by $0.20 and generating revenue that surpassed predictions by nearly $30 million, driven by record production of 263 kboe/d [4] - Crescent achieved $171 million in free cash flow for the latest quarter while reducing operational costs at its largest mines [5] - The firm is strategically positioned in the nutrient-rich Permian Basin, benefiting from favorable regulations, and has seen a decrease in short interest by over 7% in the last month [6] Company Highlights: Matador Resources - Matador Resources, with a market cap under $6 billion, focuses on upstream operations in the Permian Basin and has seen a 31% year-over-year production increase [7][8] - The company has achieved record free cash flow and increased its full-year guidance, alongside cost reductions that contributed to a nearly 5% stock gain over the past six months [8] - Matador is expanding its midstream operations, with its San Mateo operation achieving 99% uptime in the last quarter, and analysts rate the stock as a Buy with a consensus price target suggesting about 43% upside potential [9] Company Highlights: Northern Oil and Gas - Northern Oil and Gas operates in the Williston Basin and reported a strong second quarter with a 26% year-over-year revenue growth and $126 million in free cash flow [11][12] - The company has increased its net wells in process by 70% sequentially and closed on approximately 2,600 net acres, indicating rapid expansion [12] - Six out of eleven analysts view Northern Oil and Gas shares as a Buy, with potential upside of 49% based on price estimates [13]

Core Insights - Northern Oil and Gas (NOG) reported second-quarter 2025 adjusted earnings per share of $1.37, exceeding the Zacks Consensus Estimate of 87 cents, driven by strong production despite a decline from the previous year's adjusted profit of $1.46 due to lower oil prices and increased operating expenses [1][9] Financial Performance - Quarterly sales reached $574.4 million, surpassing the Zacks Consensus Estimate of $519 million and increasing from $561 million year-over-year, primarily due to higher net gains on commodity derivatives and increased oil and gas sales [2] - Total operating expenses rose to $530.6 million from $341.8 million in the prior year, driven by increased production expenses and other costs, exceeding the estimate of $377.1 million [9] - Free cash flow for the quarter was $126.2 million, with cash on hand at $25.9 million and long-term debt of $2.4 billion [11][14] Production and Sales - Second-quarter production increased 9% year-over-year to 134,094 barrels of oil equivalent per day (Boe/d), beating the estimate of 133,600 Boe/d [7] - Oil volume totaled 76,944 Boe/d, up 10% year-over-year, while natural gas production reached 342,900 thousand cubic feet per day, up 6% [7] - The average sales price for crude was $58.37 per barrel, a 24% decrease from the prior year, while the average realized natural gas price was $2.89 per thousand cubic feet, compared to $2.47 in the previous year [8] Capital Expenditures and Acquisitions - Capital expenditures for the second quarter totaled $210 million, with $178.8 million allocated to drilling and completion activities and $31.2 million for Ground Game efforts [12] - The company completed 22 Ground Game transactions, adding approximately 2,600 net acres and 4.8 net wells for a total of $31.2 million [6][13] - NOG finalized the acquisition of assets in Upton County, TX, for $61.7 million, adding approximately 2,275 net acres to its portfolio [5] Dividend and Share Repurchase - The board declared a cash dividend of 45 cents per share, a 7% year-over-year increase, to be distributed on October 31, 2025 [3] - The company repurchased approximately 1.1 million shares at an average price of $31.15 per share during the second quarter [4] Guidance and Future Outlook - NOG anticipates total capital expenditures for 2025 to be between $925 million and $1.05 billion, reflecting a reduction due to decreased activity in the Williston Basin [15] - Production guidance has been adjusted, with oil production expected in the range of 74,000-76,000 barrels per day and total production at 130,000-133,000 Boe/d [16] - The company expects net cash proceeds of $48.6 million in Q3 after legal settlement deductions of $33.1 million [18]

Core Insights - Northern Oil and Gas (NOG) reported revenue of $574.37 million for Q2 2025, a 2.4% increase year-over-year, and an EPS of $1.37, down from $1.46 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate by 10.64%, while the EPS surprised by 57.47% compared to the consensus estimate of $0.87 [1] Financial Performance Metrics - Average Daily Production of Oil was 76,944 BBL/D, slightly above the estimated 76,850.90 BBL/D [4] - Average Daily Production of Natural Gas and NGLs was 342,900 Mcf/D, exceeding the estimate of 327,918.90 Mcf/D [4] - Total Net Production was 12,203 KBOE, surpassing the average estimate of 12,005.30 KBOE [4] - Average Sales Prices for Natural Gas and NGLs were $2.89, below the estimated $2.95 [4] - Average Sales Prices for Oil were $58.37, slightly lower than the estimated $58.71 [4] - Net Sales from Oil and Gas reached $574.37 million, significantly higher than the average estimate of $504.21 million, marking a year-over-year increase of 2.4% [4] - Net Sales from Natural Gas and NGL Sales were $171.7 million, a substantial increase of 137.4% year-over-year compared to the average estimate of $91.79 million [4] - Net Sales from Oil Sales were $402.67 million, a decrease of 17.6% year-over-year, close to the average estimate of $402.77 million [4] Stock Performance - Shares of Northern Oil and Gas have declined by 16% over the past month, while the Zacks S&P 500 composite increased by 0.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]