Northern (NOG) Q1 Earnings & Revenues Outpace Estimates

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 ...