Northern O & G Stock Price, News & Analysis

Northern Oil and Gas (NYSE: NOG) has successfully completed its semi-annual borrowing base redetermination, resulting in an increased elected commitment amount from $1.5 billion to $1.6 billion, while maintaining its borrowing base at $1.8 billion.

The company's credit facility expansion represents a 7% increase despite challenging market conditions. NOG has also expanded its bank group to 20 institutions with the addition of CIBC Capital Markets as a new financial partner.

According to Chad Allen, NOG's Chief Financial Officer, this increase demonstrates the financial strength of the company's assets and risk management practices. The expansion of both the facility and banking relationships positions NOG for continued financial flexibility.

Northern Oil and Gas (NYSE: NOG) has announced a significant dividend increase for its shareholders. The company's Board of Directors has declared a quarterly cash dividend of $0.45 per share, marking a substantial 12.5% increase compared to the previous year.

The dividend maintains parity with the prior quarter's payout and will be distributed on July 31, 2025. Stockholders who are on record as of the close of business on June 27, 2025, will be eligible to receive this dividend payment.

Northern Oil and Gas (NYSE: NOG) reported strong Q1 2025 results with record production of 134,959 Boe per day, up 13% year-over-year. Oil volumes reached 78,675 Bbl per day, representing 58% of total production.

Key financial highlights include:

• GAAP net income: $139.0 million ($1.39 per diluted share)
• Adjusted EBITDA: $434.7 million (12% increase from Q1 2024)
• Free Cash Flow: $135.7 million (41% increase from Q4 2024)
• Capital expenditures: $249.9 million

The company completed seven ground game transactions, adding over 1,000 acres and 1.1 net wells for $4.8 million. NOG maintains its 2025 guidance of 130,000-135,000 Boe per day production and capital spending of $1,050-$1,200 million. The company also increased its quarterly dividend by 7% to $0.45 per share.

Northern Oil and Gas (NYSE: NOG) has released its Environmental, Social and Governance (ESG) Report for 2024, highlighting several key initiatives and developments. The report introduces a formal ESG Policy and implements both an ESG Risk and Control Matrix and a GHG Inventory Management Plan.

Notable changes include the transformation of their corporate philanthropy program into a Community Investment program, designed to align corporate giving with strategic interests. The report provides updated information on their Scope 1, 2, and 3 emissions and progress on people strategy.

NOG's ESG disclosure framework utilizes two SASB standards: the Oil & Gas Exploration & Production standard and the Asset Management and Custody Activities standard, chosen to accurately reflect NOG's business model of managing non-operated minority working and mineral interests.

Northern Oil and Gas (NYSE: NOG) has reported its Q1 2025 hedging results and shareholder returns update. The company achieved estimated unrealized mark-to-market gains of $9.0-$10.0 million on derivatives, primarily from oil derivatives. Realized hedge gains were approximately $11.0-$12.0 million, driven by crude oil and Waha basis hedges.

NOG has significantly expanded its hedging position, with over 50,600 Bbl per day of oil hedged at an average swap price >$73.70 and collar floor >$69.20, plus over 197,200 MMBtu per day of natural gas hedged for the remainder of 2025. The company has also secured positions through 2026 and 2027.

On the shareholder returns front, NOG paid approximately $42 million in dividends during Q1, announcing a 7% increase to $0.45 per share for April 2025. The company also repurchased 499,100 shares at an average price of $30.07, bringing total shareholder returns to $57.0 million year-to-date through dividends and buybacks.

Northern Oil and Gas (NYSE: NOG) has announced its schedule for the first quarter 2025 financial and operating results release. The company will publish its results on Tuesday, April 29, 2025, after market close, followed by a conference call and webcast discussion on April 30, 2025 at 8:00 a.m. Central Time.

The earnings conference call will be accessible via phone with dedicated dial-in numbers for domestic (800-715-9871) and international (646-307-1963) participants. A replay service will be available through May 14, 2025, and the webcast archive will remain accessible on NOG's website until April 29, 2026.

Northern Oil and Gas (NYSE: NOG) has announced a $100 million increase to its July 2024 share repurchase program, bringing the total authorization to $200 million. The company has already repurchased approximately 334,982 shares quarter to date at an average price of $29.86 per share, totaling $10.0 million.

The expanded buyback program comes during a period of increased market volatility and demonstrates NOG's confidence in its strategy and commitment to returning capital to shareholders. The company plans to balance share repurchases with maintaining a strong leverage profile, supported by its disciplined hedging strategy.

Northern Oil and Gas (NYSE: NOG), a prominent Non-Operating E&P company, has announced that CEO Nick O'Grady will deliver a presentation at the Raymond James 46th Annual Institutional Investors Conference. The presentation is scheduled for March 4, 2025, at 10:25 a.m. ET.

Investors and interested parties can access a live webcast of the event through NOG's website under the Investor Relations, Events and Presentations section, or directly via the provided webcast link. The presentation recording will remain accessible on the company's website for 90 days following the event.