Northern Oil and Gas (NOG) Q3 Earnings Top Estimates

Core Insights - Northern Oil and Gas (NOG) reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, but down from $1.4 per share a year ago, resulting in an earnings surprise of +25.61% [1] - The company posted revenues of $482.24 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 4.76% and down from $513.54 million year-over-year [2] - Northern Oil and Gas shares have declined approximately 44.9% year-to-date, contrasting with the S&P 500's gain of 15.6% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.91 on revenues of $531.47 million, and for the current fiscal year, it is $4.14 on revenues of $2.24 billion [7] Industry Context - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is in the bottom 21% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]