---
schema_version: "secwatch.filing_event.v1"
accession: "0001104485-25-000094"
form_type: "8-K"
ticker: "NOG"
cik: "0001104485"
company_name: "NORTHERN OIL & GAS, INC."
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T13:02:08.779510+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NOG Q1 hedging gains $9-10M unrealized, $11-12M realized; dividend up 7% to $0.45; $15M buyback

## Summary
- Unrealized mark-to-market gains on derivatives for Q1 estimated $9.0–$10.0M; realized gains $11.0–$12.0M.
- Declared $0.45 per share dividend (7% increase), payable April 30, 2025.
- Repurchased 499,100 shares at avg $30.07, totaling $15M YTD; total returns ~$57M.
- Added substantial hedges for 2025-2027; converted natural gas collars to fixed swaps.

## SEC filing metadata
- accession: 0001104485-25-000094
- form_type: 8-K
- ticker: NOG
- cik: 0001104485
- company_name: NORTHERN OIL & GAS, INC.
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104485/000110448525000094/0001104485-25-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104485/000110448525000094/nog-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104485-25-000094
- JSON: https://secwatch.observer/filing/0001104485-25-000094.json
- Plain text: https://secwatch.observer/filing/0001104485-25-000094.txt

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