Welcome to our dedicated page for Northern O & G news (Ticker: NOG), a resource for investors and traders seeking the latest updates and insights on Northern O & G stock.
Northern Oil & Gas (NOG) provides timely updates on its strategic operations across key U.S. basins, including the Williston and Permian regions. This page serves as a comprehensive resource for investors and industry professionals seeking official press releases, financial announcements, and operational developments.
Access curated updates on earnings reports, asset acquisitions, and production milestones, all critical for evaluating the company's position in the energy sector. Our collection ensures transparent access to NOG's exploration activities, regulatory compliance efforts, and market strategies without speculative commentary.
Regularly updated content covers technical advancements in drilling, partnerships, and sustainability initiatives. Bookmark this page to stay informed about NOG's evolving role in oil and gas exploration through verified, investor-focused communications.
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.
NOG announced its fourth quarter and full year 2024 results, highlighting significant growth and strategic acquisitions. Key achievements include:
Fourth Quarter Highlights:
- Production of 131,777 Boe per day, a 15% increase from the prior year.
- GAAP cash flow from operations of $290.3 million; $358.9 million excluding changes in net working capital.
- Capital expenditures of $258.9 million.
- Free Cash Flow of $96.4 million.
- Closed acquisition of Uinta Basin assets for $511.3 million in cash.
- Declared $0.45 per share common dividend for Q1 2025, a 12.5% increase from Q1 2024.
- Repurchased 693,658 shares at an average price of $36.28 per share.
Subsequent Events:
- Signed agreement to acquire 2,275 net acres in Upton County, TX for $40 million.
Financial Results:
- Q4 oil and natural gas sales of $545.5 million.
- GAAP net income of $71.7 million or $0.71 per diluted share.
- Adjusted Net Income of $111.8 million or $1.11 per adjusted diluted share.
- Adjusted EBITDA of $406.6 million.
- Full year oil and natural gas sales of $2.2 billion.
- Full year GAAP net income of $520.3 million or $5.14 per diluted share.
- Adjusted Net Income of $531.2 million or $5.26 per adjusted diluted share.
- Adjusted EBITDA of $1.6 billion, a 13% increase over the prior year.
2025 Guidance:
- Production expected to be 130,000 - 135,000 Boe per day.
- Total capital spending projected at $1,050 - $1,200 million.
Proved Reserves:
- Total proved reserves increased 11% to 378.5 million Boe.
- Pre-tax PV-10 value of $5.1 billion.
Northern Oil and Gas (NOG) has released its Q4 2024 operations update and 2025 guidance. Q4 production reached 131.0-132.0 MBoe per day, with oil volumes at 78.5-78.9 Mboe per day. The company completed 14 Ground Game transactions worth $27 million in Q4, adding 0.7 net producing wells and 2,274 net acres.
NOG announced a $40 million acquisition in Upton County, TX, adding 2,275 net acres in the Midland Basin. For 2025, NOG projects production of 130,000-135,000 Boe per day and capital spending of $1.05-1.20 billion. The company anticipates 106-110 net well spuds exceeding 97-99 net well completions in 2025, positioning for approximately 10% total production growth and 14% oil production growth in 2026.
Northern Oil and Gas (NYSE: NOG) has declared a Q1 2025 cash dividend of $0.45 per share, marking a 12.5% increase year-over-year and a 7% rise from the previous quarter. The dividend will be paid on April 30, 2025, to stockholders of record as of March 28, 2025.
The company plans to maintain this $0.45 quarterly dividend throughout 2025, which would result in a ~10% increase in total dividends compared to 2024. In Q4, NOG repurchased 693,658 shares at an average price of $36.28 per share. For the full year 2024, the company repurchased 2,535,391 shares at an average of $37.27, delivering nearly $260 million in total shareholder returns through dividends and buybacks.
Northern Oil and Gas (NYSE: NOG) has announced its schedule for the release of fourth quarter and year-end 2024 financial and operating results. The company will release its results on Wednesday, February 19, 2025, after market close, followed by a conference call on Thursday, February 20, 2025, at 8:00 a.m. Central Time.
The conference call will be accessible via phone and webcast, with dial-in numbers provided for both domestic (800-715-9871) and international (646-307-1963) participants. A replay of the call will be available through March 6, 2025, and the webcast archive will be accessible on NOG's website until February 19, 2026.
Northern Oil and Gas (NYSE: NOG) has issued a response to a Reuters article regarding a potential acquisition of Granite Ridge Resources. While NOG typically does not comment on acquisition rumors, the company felt compelled to address this specific situation. As the largest publicly traded dedicated non-operator, NOG confirmed it regularly evaluates numerous acquisition opportunities and frequently sends expressions of interest. However, the company explicitly stated it is not currently engaged in formal negotiations to acquire Granite Ridge.
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