NOG Q2 2026 net income rises to $236.6 million from $99.6 million a year earlier
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.
Key points
- 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.
The filing
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 August 06, 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.