secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN OIL & GAS, INC. (NOG)
CIK:        0001104485
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001104485-26-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104485/000110448526000002/0001104485-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104485/000110448526000002/nog-20260210.htm
  HTML page:      https://secwatch.observer/filing/0001104485-26-000002

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