NOG reports Q1 derivative gains of ~$140M unrealized, $13.6M realized; repurchases shares and notes

NORTHERN OIL & GAS, INC.

Unrealized mark-to-market derivative gains estimated at ~$140.0M; realized gains ~$13.6M for Q1 2023.
Repurchased 287,751 shares at $27.82 avg; $87.5M remaining on share repurchase authorization.
Repurchased $19.1M of 8.125% Senior Notes at 96.4% of par; $705.1M notes outstanding.
Board increased notes repurchase authorization by $100M to $105.1M total availability; annual interest saved ~$1.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTHERN OIL & GAS, INC. reported preliminary financial results for first quarter of 2023.

Period: first quarter of 2023
Result: preliminary results

Exact text from the filing

On April 19, 2023, Northern Oil and Gas, Inc. issued a press release including preliminary hedging and capital allocation updates for the first quarter of 2023.

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NORTHERN OIL & GAS, INC. filing history →

Source: SEC EDGAR

accession 0001104485-23-000090

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