---
schema_version: "secwatch.filing_event.v1"
accession: "0001104485-23-000090"
form_type: "8-K"
ticker: "NOG"
cik: "0001104485"
company_name: "NORTHERN OIL & GAS, INC."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:21:15.675905+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104485-23-000090
- form_type: 8-K
- ticker: NOG
- cik: 0001104485
- company_name: NORTHERN OIL & GAS, INC.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000090/0001104485-23-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000090/nog-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104485-23-000090
- JSON: https://secwatch.observer/filing/0001104485-23-000090.json
- Plain text: https://secwatch.observer/filing/0001104485-23-000090.txt

## Key facts
- Earnings Releases
  NORTHERN OIL & GAS, INC. reported preliminary financial results for first quarter of 2023.
  - Period: first quarter of 2023
  - Result: preliminary results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000090/0001104485-23-000090-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.