NOG Reiterates 2026 Guidance and Raises Buyback Authorization to $243.0 Million
Northern Oil and Gas said in a July 13, 2026 press release that it reiterated its 2026 production and capital expenditure guidance and that its board raised the share repurchase authorization by $150.0 million to about $243.0 million. The preliminary second quarter results show about 7,000 Boe per day shut in by operators, mainly in the Waha-exposed Novo assets, and an estimated $85.0 to $90.0 million in realized hedge losses, which lowers the oil production outlook for the quarter.
Key points
- Estimated second quarter realized hedge losses of $85.0 to $90.0 million, partly offset by unrealized mark-to-market gains of $155.0 to $160.0 million.
- About 7,000 Boe per day shut in by operators from April through part of June, mostly on Novo assets in Culberson County, TX and Eddy County, NM; second quarter oil production now expected at 67.5 to 68.25 Mbo per day.
- Repurchased 2.95 million shares in the second quarter at an average price of $20.37; on July 10, 2026, the board added $150.0 million to the repurchase program.
- Closed the Duvernay joint development acquisition on June 1, paying CA$237.0 million in cash and about 3.7 million common shares.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing 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 July 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.