Northern Oil and Gas(US:NOG)2023-11-02 15:51Financial Highlights - Q3 Free Cash Flow was $127.8 million[3] - Q3 Adjusted ROCE was 24.5%[3] - Q3 Adjusted EBITDA increased by 22% compared to Q2 2023[4, 11] - The company declared a Q4 dividend of $0.40, a 33% increase year-over-year[5] Operational Performance - Q3 net production per day increased by 12.6% compared to Q2 2023 and 29.3% year-over-year[5] - Q3 Production reached 102.3 Mboe/d, a 160 bps increase compared to Q2 2023[9] - The Drilling & Completions list grew nearly 34% compared to year-end 2022[13] Strategic Initiatives - The company completed the Novo acquisition for approximately $468 million[11] - Year-to-date, 24.9 net wells and 1,823 net acres were added through ground game deals[19] - Permian acreage has doubled year-to-date in 2023[21, 37]