Northern Oil and Gas, Inc.
21.97+0.30 (+1.38%)
Oct 29, 4:00:02 PM EDT · NYSE · NOG · USD
Key Stats
Market Cap
2.14BP/E (TTM)
3.63Basic EPS (TTM)
6.06Dividend Yield
0.08%Recent Filings
8-K
NOG boosts Uinta assets, guidance
Northern Oil and Gas closed a $98.3 million bolt-on acquisition of Uinta Basin royalty and mineral interests in August 2025, adding ~1,000 net royalty acres with over 400 gross locations and boosting its average NRI to 87%. Ground game deals deployed $59.8 million across basins, netting 2,500 acres and 5.8 wells. Strong well performance lifted Q3 output to 131 MBoe/d (55%+ oil) and raised full-year guidance to 75,000–76,500 Bopd oil and 132,500–134,000 Boepd total, with capex tightened to $950–$1,025 million. Yet a $310–$330 million non-cash impairment looms from lower oil prices.
8-K
Refinances $725M notes, retires 2028s
Northern Oil and Gas issued $725 million in 7.875% senior notes due 2033 on October 1, 2025, to fund the repurchase of $685 million of its higher-rate 8.125% notes due 2028, completed via tender offer that day. This refinancing extends debt maturity while locking in lower interest costs through 2033, with semi-annual payments starting April 2026. Covenants curb additional borrowing and asset sales. Redemption options kick in early, but change-of-control buyouts loom at 101%. Smart debt shuffle.
10-Q
Q2 FY2025 results
Northern Oil and Gas posted solid Q2 results with oil and gas sales up 2% year-over-year to $574.4 million, boosted by a $81.7 million legal settlement from a North Dakota operator, though underlying sales dipped amid softer prices; production climbed 9% to 12,203 MBoe, driven by acquisitions in the Permian and Uinta basins adding 20.8 net wells. Operating income fell 20% to $176.2 million due to a $115.6 million non-cash impairment from declining commodity prices, while net income dropped to $99.6 million or $1.00 diluted EPS from $138.6 million or $1.36 last year—EPS aligns with 99.4 million diluted shares. Cash from operations hit $769.5 million year-to-date, funding $591.3 million in capex and yielding $178.2 million free cash flow (derived); liquidity stands strong at $1.1 billion with $25.9 million cash and $480 million drawn on a $1.6 billion revolver, backed by $2.4 billion total debt including fresh $200 million convertible notes. The $33.1 million settlement expense offset much of the gain. Volatility in oil prices remains a key watch.
8-K
NOG Q2 production surges 9%
Northern Oil and Gas reported Q2 2025 production of 134,094 Boe per day, up 9% year-over-year, with oil at 76,944 Bbl per day and record Appalachian volumes of 123.5 MMcf per day. Adjusted EBITDA hit a record $440.4 million amid lower oil prices, while free cash flow reached $126.2 million; the company closed a $61.7 million Upton County acquisition in April. Guidance cuts capital spending to $925-$1,050 million and oil volumes to 74,000-76,000 Bbl per day due to market volatility. A $48.6 million net legal settlement bolsters liquidity.
8-K
NOG's Q2 hedging, deals, settlement
Northern Oil and Gas reported strong Q2 2025 hedging gains, with unrealized mark-to-market profits of $65–$70 million and realized gains of $58–$63 million, shielding against commodity volatility. It completed 22 ground game deals adding 4.8 net wells and 2,600 net acres for $23.8 million initial capital across major basins, capitalizing on weak pricing. A key settlement nets $48.6 million cash in Q3 after expenses, but expect a $112–$120 million non-cash impairment from lower oil prices. Hedging locks in stability.
EOG
EOG Resources, Inc.
106.00+0.10
HPK
HighPeak Energy, Inc.
6.21-0.14
MGY
Magnolia Oil & Gas Corporation
23.00+0.24
MUR
Murphy Oil Corporation
27.94+0.04
NOV
NOV Inc.
15.31+0.36
NRIS
Norris Industries, Inc.
0.15+0.00
OILSF
Saturn Oil & Gas Inc.
1.91+0.03
USEG
U.S. Energy Corp.
1.19+0.02
VNOM
Viper Energy, Inc.
37.12+0.72
ZNOG
Zion Oil & Gas, Inc.
0.19-0.01