earnings
confidence high
sentiment positive
materiality 0.75
NOG raises production guidance, closes $98.3M Uinta bolt-on, records $310-330M impairment
NORTHERN OIL & GAS, INC.
2025-Q3 EPS reported
$1.10
revenue$1,865,545,000
- Q3 prod ~131 MBoe/d; raises FY25 oil guidance to 75-76.5K Bopd (from 74-76K) and total to 132.5-134K Boepd.
- Acquired ~1,000 net royalty acres in Uinta for $98.3M; adds 400+ gross locations; accretive to EPS and FCF.
- Ground game: $59.8M deployed in 22 transactions adding ~2,500 net acres and 5.8 net wells.
- Expects $310-330M non-cash impairment charge in Q3 on full-cost ceiling test; no cash flow impact.
- Realized hedge gains ~$55.4M in Q3; increased hedge positions for Q4 2025 and 2026.