NOG Q1 2025: record production 134,959 Boe/d, net income $139M

NORTHERN OIL & GAS, INC.

2025-Q1 EPS reported $1.39 revenue$602,098,000

Record total production 134,959 Boe/d (58% oil), up 13% YoY; oil volumes 78,675 Bbl/d.
GAAP net income $139.0M; Adjusted Net Income $133.4M; record Adjusted EBITDA $434.7M.
Record Appalachian volumes 113.5 Mmcfe/d; Uinta volumes up >15% from prior quarter.
Strong well performance and SM Energy operatorship drove results.

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