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Compared to Estimates, Northern Oil and Gas (NOG) Q2 Earnings: A Look at Key Metrics
ZACKS· 2025-08-04 14:31
Core Insights - Northern Oil and Gas (NOG) reported revenue of $574.37 million for Q2 2025, a 2.4% increase year-over-year, and an EPS of $1.37, down from $1.46 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate by 10.64%, while the EPS surprised by 57.47% compared to the consensus estimate of $0.87 [1] Financial Performance Metrics - Average Daily Production of Oil was 76,944 BBL/D, slightly above the estimated 76,850.90 BBL/D [4] - Average Daily Production of Natural Gas and NGLs was 342,900 Mcf/D, exceeding the estimate of 327,918.90 Mcf/D [4] - Total Net Production was 12,203 KBOE, surpassing the average estimate of 12,005.30 KBOE [4] - Average Sales Prices for Natural Gas and NGLs were $2.89, below the estimated $2.95 [4] - Average Sales Prices for Oil were $58.37, slightly lower than the estimated $58.71 [4] - Net Sales from Oil and Gas reached $574.37 million, significantly higher than the average estimate of $504.21 million, marking a year-over-year increase of 2.4% [4] - Net Sales from Natural Gas and NGL Sales were $171.7 million, a substantial increase of 137.4% year-over-year compared to the average estimate of $91.79 million [4] - Net Sales from Oil Sales were $402.67 million, a decrease of 17.6% year-over-year, close to the average estimate of $402.77 million [4] Stock Performance - Shares of Northern Oil and Gas have declined by 16% over the past month, while the Zacks S&P 500 composite increased by 0.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]
Northern Oil and Gas (NOG) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-02 14:35
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]