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Northern Q3 Earnings Beat on Strong Production, Sales Miss
NOGNorthern Oil and Gas(NOG) ZACKS·2024-11-13 13:16

Northern Oil and Gas, Inc. (NOG) reported third-quarter 2024 adjusted earnings per share of 1.40,whichbeattheZacksConsensusEstimateof1.40, which beat the Zacks Consensus Estimate of 1.26. The outperformance indicates strong production.  However, the bottom line declined from the year-ago reported figure of 1.73duetoweakerrealizedpricesfromcrudeoilandnaturalgasanda17.51.73 due to weaker realized prices from crude oil and natural gas and a 17.5% increase in operating expenses.Oil and natural gas sales of 514 million missed the Zacks Consensus Estimate of $535 million. The top line increased from the year-a ...