Northern O & G Stock Price, News & Analysis

Northern Oil and Gas (NYSE: NOG) has priced a $725 million private offering of 7.875% senior notes due 2033. The offering, expected to close on October 1, 2025, is being made under Rule 144A and Regulation S of the Securities Act to eligible purchasers.

The company plans to use the proceeds to fund the purchase of its outstanding 8.125% Senior Notes due 2028 through a concurrent tender offer, potentially redeem remaining 2028 Notes, and pay associated fees. Any remaining funds will be used for general corporate purposes, including possible repayment of revolving credit facility borrowings.

Northern Oil and Gas (NYSE: NOG) has launched a cash tender offer for any and all of its outstanding 8.125% Senior Notes due 2028. The offer will expire on September 26, 2025, at 5:00 p.m. New York City time.

Holders who validly tender their notes will receive $1,015 per $1,000 principal amount, plus accrued and unpaid interest. The settlement is expected on October 1, 2025. The tender offer is contingent upon NOG's completion of a concurrent bond offering and receipt of net proceeds.

If 10% or less of the notes remain outstanding after the offer, NOG plans to redeem the remaining notes at the tender price. For amounts exceeding 10%, redemption is expected after March 1, 2026, at 100% of principal plus accrued interest.

Northern Oil and Gas (NYSE: NOG) has announced plans to offer $725 million in senior notes due 2033 through a private placement under Rule 144A and Regulation S. The company intends to use the proceeds to fund the purchase of its outstanding 8.125% Senior Notes due 2028 through a concurrent tender offer and potential redemption.

The proceeds will also cover accrued interest, premiums, fees, and expenses related to the offering and tender offer. Any remaining funds will be used for general corporate purposes, including potential repayment of revolving credit facility borrowings. The new notes will be offered exclusively to qualified institutional buyers and non-U.S. persons.

Northern Oil and Gas (NYSE:NOG) has been recognized in Newsweek's inaugural America's Greatest Companies 2025 list. The prestigious ranking features 650 U.S.-based companies that demonstrate excellence in financial performance, employee engagement, innovation, and ethics and sustainability.

The recognition, developed in partnership with Plant-A Insights Group, is based on publicly available filings, third-party data, and company reviews. CEO Nicholas O'Grady highlighted the company's commitment to delivering stakeholder value, maintaining strong operating partner relationships, and fostering a supportive work environment.

Northern Oil and Gas (NYSE:NOG) has announced its latest quarterly dividend declaration. The company's Board of Directors has approved a cash dividend of $0.45 per share, which represents a 7% increase compared to the same period last year. The dividend will be paid on October 31, 2025, to stockholders of record as of September 29, 2025. This dividend amount maintains consistency with the previous quarter's payout.

Northern Oil and Gas (NYSE:NOG) reported strong Q2 2025 results with total production reaching 134,094 Boe per day (57% oil), up 9% year-over-year. The company posted GAAP net income of $99.6 million and record Adjusted EBITDA of $440.4 million.

Key financial metrics include cash flow from operations of $362.1 million and Free Cash Flow of $126.2 million. Capital expenditures were $210.0 million, down 12% year-over-year. NOG completed twenty-two ground game transactions and closed a Upton County acquisition for $61.7 million.

The company updated its 2025 guidance, reducing capital spending by $125-$150 million and adjusting production targets. NOG now expects total capital spending of $925-$1,050 million for 2025, with annual production guidance revised to 130,000-133,000 Boe per day.

Northern Oil and Gas (NYSE: NOG) has provided a comprehensive Q2 2025 business update highlighting several key developments. The company reported estimated unrealized mark-to-market gains on derivatives of $65-70 million and realized hedge gains of $58-63 million for Q2. NOG expects to record a non-cash impairment charge of $112-120 million due to lower oil prices.

The company has secured significant hedging positions, with over 50,000 barrels per day of oil hedged for H2 2025 and over 30,000 barrels per day for 2026. In Q2, NOG completed 22 ground game transactions worth $23.8 million in initial capital, adding 4.8 net wells and 2,600 net acres.

Additionally, NOG reached a significant legal settlement with a North Dakota operator, resulting in a $81.7 million settlement with expected net cash proceeds of $48.6 million after legal expenses, to be received in Q3 2025.

Northern Oil and Gas (NYSE: NOG) has scheduled its second quarter 2025 financial and operating results announcement for Thursday, July 31, 2025, after market close. The company will host a conference call to discuss the results on Friday, August 1, 2025, at 8:00 a.m. Central Time.

Investors can access the conference call via phone using the dial-in numbers (800) 715-9871 (domestic) or (646) 307-1963 (international) with Conference ID 4503139. A replay will be available through August 15, 2025, and the webcast archive will be accessible on NOG's website until July 31, 2026.

Northern Oil and Gas (NYSE: NOG) has successfully closed the reopening of its 3.625% Convertible Unsecured Senior Notes due April 2029, raising $211.2 million in gross proceeds through a $200 million issuance at a 105.597% issue price. The company simultaneously executed strategic moves including a $35 million accelerated share repurchase of 1.1 million shares at $31.15 per share and entered into capped call transactions to mitigate potential dilution. The capped calls increase the effective conversion price to $50.8709. Post-transaction, NOG expects to increase liquidity by over $152 million and achieve annual interest and dividend savings of approximately $5 million. The net proceeds will be used to reduce the outstanding balance on the company's revolving credit facility.