NOG Q3 update: capex $250-253M, $300-320M unrealized hedge losses, 667,989 shares repurchased

NORTHERN OIL & GAS, INC.

Q3 2026 capital expenditures estimated at $250.0-$253.0M, excluding non-budgeted acquisitions; 2026 capex guidance reiterated, spending trending toward higher end of range.
Q3 unrealized mark-to-market derivative losses of $300.0-$320.0M; realized hedge losses of $51.0-$52.0M on crude hedges, partly offset by gas and basis hedges.
Ground game: 19 deals closed adding ~1,060 net acres and 2.8 net wells for ~$56.5M; nearly 85% of capital deployed to Permian, Williston and Uinta basins.
Repurchased 667,989 shares in Q3 at $23.96 average for $16.0M; ~$227.2M remaining capacity after July's $150.0M authorization increase.
Declared $0.45 quarterly cash dividend on August 4, 2026, payable October 30, 2026; all basins met internal expectations with minimal field disruptions.

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