NOG
Northern Oil and Gas, Inc.21.69
-0.91-4.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.12BP/E (TTM)
11.92Basic EPS (TTM)
1.82Dividend Yield
0.08%Recent Filings
8-K
8-K
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.
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