---
schema_version: "secwatch.filing_event.v1"
accession: "0001104485-26-000002"
form_type: "8-K"
ticker: "NOG"
cik: "0001104485"
company_name: "NORTHERN OIL & GAS, INC."
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:31:27.829124+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Northern Oil and Gas announces preliminary Q4 2025 results with $260-$270M non-cash impairment

## Summary
- Preliminary Q4 2025 non-cash impairment charge of $260-$270 million under full cost ceiling test due to lower oil prices.
- Record 33 ground game transactions in Q4 deployed ~$77M, adding 1.2 net wells and over 6,000 net acres.
- Estimated unrealized mark-to-market gains on derivatives of $84-$88 million in Q4.
- Realized hedge gains estimated at $70-$72 million driven by natural gas, crude oil and basis hedges.
- Added hedges for 2026: over 45,000 bbl/day oil hedged for H1 2026 and over 40,000 bbl/day for full year.

## SEC filing metadata
- accession: 0001104485-26-000002
- form_type: 8-K
- ticker: NOG
- cik: 0001104485
- company_name: NORTHERN OIL & GAS, INC.
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104485/000110448526000002/0001104485-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104485/000110448526000002/nog-20260210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104485-26-000002
- JSON: https://secwatch.observer/filing/0001104485-26-000002.json
- Plain text: https://secwatch.observer/filing/0001104485-26-000002.txt

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