NOG Q4 production up 6% YoY to 140,064 Boe/d; free cash flow $43.2M

NORTHERN OIL & GAS, INC.

2025-FY EPS reported $0.39 revenue$2,475,723,000

Q4 2025 production of 140,064 Boe/d (53% oil), up 6% YoY.
Record natural gas production of 392,163 Mcf/d, up 24% YoY.
GAAP cash flow from operations of $312.6M; adjusted cash flow was $316.6M.
Capital expenditures of $270.2M (excl. non-budgeted acquisitions); free cash flow $43.2M.
Provided detailed 2026 guidance (specifics not shown in excerpt).

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