This quarterly report represents an earnings surprise of 21.67%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.15 per share when it actually produced earnings of $1.28, delivering a surprise of 11.30%. Northern Oil and Gas, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $561.03 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.34%. This compares to year-a ...

Exhibit 99.1 NOG Announces Second Quarter 2024 Results, Updates 2024 Guidance SECOND QUARTER HIGHLIGHTS • Record quarterly production of 123,342 Boe per day (57% oil), increases of 3% from the first quarter of 2024 and 36% from the second quarter of 2023 • GAAP net income of $138.6 million, Adjusted Net Income of $147.8 million and Adjusted EBITDA of $413.1 million. See "Non-GAAP Financial Measures" below • Cash flow from operations of $340.5 million. Excluding changes in net working capital, cash flow from ...

Conclusion Investors interested in the energy sector might look at some better-ranked stocks like Sunoco LP (SUN) and SM Energy Company (SM) , each sporting a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today's Zacks #1 Rank stocks here. SM, an independent energy company, engages in the acquisition, exploration, development and production of oil, gas and natural gas liquids in the state of Texas. Overview of the Acquired Assets Production and Revenue Projections: Recent producti ...

Closing price adjustments are expected to total approximately $75 million, reducing total consideration to approximately $1.025 billion. Vital Energy expects to fund its $820 million portion, net of expected purchase price adjustments, through the use of its credit facility, which was recently expanded to $1.5 billion. Wells Fargo, National Association has committed to the increased elected commitment upon closing of the transaction. Attractively priced, immediately accretive: The transaction is priced at a ...

This acquisition is highly accretive to NOG's key financial metrics. It is expected to generate over $170 million in unhedged cash flow from operations in the next 12 months. Additionally, NOG anticipates a strong free cash flow profile with more than $85 million projected over the next year. These robust financial returns will enhance NOG's profitability and free cash flow per share, benefiting shareholders immediately and over the long term. SM Energy, the operator, will manage the development of the acqu ...

Northern Oil and Gas, Inc. (NOG) reported first-quarter 2024 adjusted earnings per share of $1.28, which beat the Zacks Consensus Estimate of $1.15. The outperformance reflects strong production. However, the bottom line declined from the year-ago adjusted profit of $1.76 due to weaker oil realizations and an increase in costs.The oil and natural gas sales of $532 million beat the Zacks Consensus Estimate of $506 million. The top line, however, improved from the year-ago figure of $426.2 million.Adjusted EB ...

Company Participants Conference Call Participants Operator It's now my pleasure to introduce your host Evelyn Infurna, Vice President, Investor Relations. Thank you. You may begin. I'm joined this morning by our Chief Executive Officer, Nick O'Grady; our President, Adam Dirlam, our Chief Financial Officer Chad Allen and our Chief Technical Officer, Jim Evans. But before we begin, let me go over our Safe Harbor language. Please be advised that our remarks today including the answers to your questions may inc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________ FORM 10-Q _________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to____________ Commission File No. 001-33999 NORTHERN OIL AND GAS, INC. (Ex ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 16, 2024 NORTHERN OIL AND GAS, INC. (Exact name of Registrant as specified in its charter) Delaware 001-33999 95-3848122 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 4350 Baker Road, Suite 400 Minnetonka, Minnesota 55343 (Addres ...

Northern Oil and Gas (NOG) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.30%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.64 per share when it actually produced earnings of $1.61, delivering a surprise of -1.83%.Over the last ...