Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Or Commission File Number 001-33999 NORTHERN OIL AND GAS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 95-3848122 (State or Other Jurisdiction of Incorporati ...

If we were to see material curtailments from natural gas producers to benefit the overall NYMEX price and 2024, obviously this could help guidance throughout the year. As a reminder, our Q3 reporting embeds transport costs and pricing instead of a separate GP&T line item, and the fixed costs that are absorbed like realizations go down when the absolute price is so low. To the extent gas prices rise materially or a flat prices and NGL stick around. There's room to the upside. But for now, this is where we're ...

Q4 & 2023 Operations Highlights Organic completions up 30% vs FY22. Scale driving organic growth. Well Performance Continues to Impress 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 - 30 60 90 120 150 180 210 240 270 300 330 360 Cum Production (Boe) Days Online 2022 Cum 2023 Cum 2024 Cum(1) (1) (1) 1. Wells assigned to years based on year in which they started producing. Cumulative type curves comprised of the following numbers of gross wells: 2022-320; 2023-458; 2024-21. Includes ...

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 September 30, 2023 ☐ 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. (Exact Name of Registrant as Spec ...

Q3 2023 Earnings Presentation | 1 Contents Q3 2023 Earnings Presentation | 2 Q3 Free Cash Flow(1) $127.8MM vs. Q3-22, +2.7% vs. Q2-23 Q3 Adjusted ROCE (1) 24.5% Q3 Adj. EBITDA (1) +22% vs Q2-23 1.35X 1) Free Cash Flow, Adjusted EBITDA, and ROCE are non-GAAP financial measures. See Appendix for methodology and reconciliations. We calculate ROCE with past impairments added back to Total Assets. Net debt is total debt less cash and acquisition deposits. 2) Calculated as (i) total net debt as of 9/30/23, less $ ...

Northern Oil and Gas, Inc. (NYSE:NOG) Q3 2023 Earnings Conference Call November 2, 2023 8:00 AM ET Company Participants Conference Call Participants Operator Thank you. You may begin. Good morning. Welcome to NOGÂ's third quarter 2023 earnings conference call. Yesterday, after the market closed, we released our financial results for the third quarter. You can access our press release and presentation on our Investor Relations website. Our Form 10-Q will be filed with the SEC within the next few days. IÂ'm j ...

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 June 30, 2023 ☐ 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. (Exa ...

Meaningful spread over WACC despite significant capital investment period 1.34X V. Appendix Heavy 1H-23 investment phase, FCF poised for acceleration in 2H-23 II. Operations & Investment Activity Updates III. Guidance IV. Value Proposition • Company to announce prospective changes to dividend on an annual basis Q2 Adj. EBITDA(1) Q2 Leverage(1) $315.5MM +16% vs Q2-22 Q2 dividend increased to $0.37, +95% vs. Q2-22, +9% vs. Q1-23 Q2 2023 Earnings Presentation | 2 Q2-23 Financial & Operating Highlights Q2 Free ...

Our wells in process continue to build as we added 8.7 net wells quarter-over-quarter, which excludes the pending Novo transaction. As we look to close Novo in the middle of August, we expect to add an additional 6.1 net wells to our in-process list. The activity across our scaled position in the Permian has been accelerating, where 50% of NOG's activity now comes from, up from just 18% of our oil-weighted activity at the beginning of the year. This has driven our in-process list to all-time highs with an a ...

Charles Meade Well, as I said, there are exceptions to every rule. I think there's also -- there's an operator piece, there's a geology piece. But I would tell you that this is a company with a team and a history, a long history of excellent performance. You have multiple rigs operating, not just on our lands, but also on his other properties. We had a good look at a multiyear. He had built out all the infrastructure directly on the properties, which is atypical for a company of their size. And that all wen ...