Northern Oil and Gas (NOG) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Northern Oil and Gas (NOG) reported revenue of $576.95 million for the quarter ended March 2025, reflecting an 8.4% increase year-over-year and a surprise of +3.27% over the Zacks Consensus Estimate of $558.68 million [1] - The earnings per share (EPS) for the quarter was $1.33, compared to $1.28 in the same quarter last year, resulting in an EPS surprise of +18.75% against the consensus estimate of $1.12 [1] Financial Performance - Average Daily Production of Oil was 78,675 BBL/D, exceeding the estimated 77,194.71 BBL/D [4] - Average Daily Production of Natural Gas and NGLs reached 337,706 Mcf/D, surpassing the estimate of 313,853.6 Mcf/D [4] - Total Net Production was 12,146 KBOE, above the estimated 11,760.28 KBOE [4] - Average Sales Prices for Oil were $64.92, lower than the estimated $67.63 [4] - Net Sales for Oil and Gas Sales totaled $576.95 million, compared to the average estimate of $561.55 million, marking a year-over-year increase of 8.4% [4] Stock Performance - Shares of Northern Oil and Gas have returned -3.4% over the past month, while the Zacks S&P 500 composite changed by -0.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]