Nov 5, 4:14 PM ET
Northern Oil and Gas (NOG) reported third quarter 2026 record production of 156,239 Boe per day, up 19% from a year earlier, and raised its 2026 production guidance to 147,000 to 150,000 Boe per day. The company posted a GAAP net loss of $111.8 million, or $1.06 per diluted share, driven mainly by a non-cash mark-to-market loss of about $308.0 million on derivatives, while Adjusted EBITDA rose to $444.5 million. For shareholders, higher output and guidance are offset by a larger reported accounting loss and lower total revenues.
- Production of 156,239 Boe per day, up 19% from Q3 2025; 2026 production guidance raised to 147,000 to 150,000 Boe per day from 143,000 to 148,000
- GAAP net loss of $111.8 million ($1.06 per diluted share) versus a $129.1 million loss in Q3 2025, driven by a non-cash derivative loss of about $308.0 million
- Oil and gas sales of $697.7 million, up from $482.2 million in Q3 2025; total revenues fell to $345.9 million from $556.6 million
- Adjusted EBITDA of $444.5 million, up 11% from the second quarter of 2026; Free Cash Flow of $148.6 million
Read the filing on SEC.gov ↗
Oct 13, 7:42 AM ET
Northern Oil and Gas (NOG) issued a preliminary third quarter 2026 operational update on October 12, 2026, reporting clean operations and an expected $250.0 million to $253.0 million in third quarter capital expenditures. The company also expects large derivative losses, with unrealized mark-to-market losses of $300 million to $320 million and realized hedge losses of $51 million to $52 million, and the figures remain subject to final closing procedures.
- Expected third quarter unrealized mark-to-market losses on derivatives of $300 million to $320 million, with realized hedge losses of $51 million to $52 million.
- Expected third quarter capital expenditures of $250.0 million to $253.0 million, excluding non-budgeted acquisitions; the company reiterated its 2026 capital guidance and expects spending toward the higher end of the range.
- Repurchased 667,989 shares for $16.0 million in the third quarter at an average of $23.96 per share; about $227.2 million remains under the buyback program after a $150.0 million increase authorized in July 2026.
- Declared a $0.45 quarterly cash dividend on August 4, 2026, payable October 30, 2026.
Read the filing on SEC.gov ↗
Aug 26, 4:05 PM ET
Northern Oil and Gas, Inc. (NOG) issued $500 million in aggregate principal amount of 7.500% Senior Notes due September 1, 2034, under an indenture with Wilmington Trust, National Association, as trustee. The company can redeem up to 40% of the notes before September 1, 2029 using equity offering proceeds, and holders can require repurchase at 101% of principal upon a change of control.
- Notes: $500 million, 7.500% coupon, maturing September 1, 2034; interest paid semi-annually from March 1, 2027
- Early redemption before September 1, 2029 at 107.500% of principal from equity offering proceeds, or at 100% plus a make-whole premium
- Redemption prices from September 1, 2029: 103.750% in 2029, 101.875% in 2030, 100.000% in 2031 and after
- Indenture covenants limit debt, dividends, asset sales and mergers; the covenants end if the notes reach investment grade
Read the filing on SEC.gov ↗
Aug 6, 4:07 PM ET
Northern Oil and Gas (NOG) reported second quarter 2026 GAAP net income of $236.6 million, or $2.19 per diluted share, compared with $99.6 million, or $1.00 per diluted share, in the second quarter of 2025. Oil and gas sales rose to $670.8 million from $574.4 million, and the company reiterated its full-year production guidance, with only minor changes to other guidance items. For shareholders, the quarter shows higher earnings and cash generation, along with a raised buyback authorization and a declared dividend.
- Q2 2026 GAAP net income was $236.6 million, or $2.19 per diluted share, versus $99.6 million, or $1.00 per diluted share, in Q2 2025.
- Oil and gas sales were $670.8 million, up from $574.4 million a year earlier; total production averaged 145,659 Boe per day, up 9%.
- Free cash flow was $159.0 million; the company repurchased 2.95 million shares at an average price of $20.37.
- The board declared a $0.45 per share dividend payable October 30, 2026, and the repurchase authorization was increased to about $243.0 million.
Read the filing on SEC.gov ↗
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