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AI brief of an SEC Form 8-K · Northern Oil and Gas (NOG)

NOG posts $522.8 million Q1 net loss on $521.4 million derivative loss and impairment

Negative Impact 4 of 5 earnings Written later

Northern Oil and Gas reported a first quarter 2026 GAAP net loss of $522.8 million, or $5.31 per share, driven mainly by a non-cash $521.4 million unrealized derivative loss and a $268.3 million non-cash impairment. Oil and gas sales fell to $539.9 million from $577.0 million a year earlier, and Adjusted EBITDA decreased 21% to $342.5 million, though production rose 10% year over year.

Key points

  • GAAP net loss of $522.8 million, or $5.31 per basic and diluted share, compared with net income of $139.0 million in Q1 2025
  • Adjusted Net Income of $74.7 million, or $0.74 per adjusted diluted share, compared with $133.4 million in Q1 2025
  • Production averaged 148,303 Boe per day, up 10%, with record natural gas production of 448,444 Mcf per day, up 33%
  • Board declared a $0.45 per share cash dividend, payable April 30, 2026 to holders of record as of March 30, 2026

The filing

CompanyNorthern Oil and Gas (NOG)
Form8-K, current report
Filed with the SECApr 28, 2026, 4:29 PM ET
Accession number0001104485-26-000017

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.