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 and Gas, Inc. reports developments tied to its strategy of acquiring and investing in non-operated minority working and mineral interests in hydrocarbon-producing basins within the contiguous United States. Company updates commonly cover oil and natural gas production, commodity-price hedging, lease operating costs, capital expenditures and cash flow measures.
Recurring news also includes acquisitions of upstream and midstream assets, ground game transactions that add acreage and wells, common-stock dividends, equity offerings and other capital actions. Basin exposure includes areas such as the Williston, Permian, Uinta and Appalachian regions, with company materials also referencing Ohio Utica assets.
Northern Oil and Gas (NYSE: NOG) and Infinity Natural Resources adjusted ownership of their pending Ohio Utica acquisition. NOG will acquire a 40% undivided interest for a cash purchase price of $480 million (reduced from $588 million). INR increases to 60%.
Transaction economics remain pro rata and subject to customary closing adjustments. The parties continue to expect closing by the end of Q1 2026. NOG plans to fund its share with cash on hand, operating free cash flow, and borrowings under its reserves-based lending facility.
Northern Oil and Gas (NYSE: NOG) reported Q4 2025 updates including estimated $84.0–$88.0M unrealized mark-to-market gains and $70.0–$72.0M realized hedge gains on derivatives, expanded oil and gas hedges for 2026–2027, a record ground game (33 Q4 transactions, ~$77.0M deployed) and a $260–$270M non-cash impairment under the full-cost ceiling test. The company said hedges now cover >45,000 Bbls/day for H1 2026 and >40,000 Bbls/day for full-year 2026, plus ~285–295 MMBtu/day of gas hedges.
Northern Oil and Gas (NYSE: NOG) will release its fourth quarter and year‑end 2025 financial and operating results on Wednesday, February 25, 2026 after market close. The company will host an earnings conference call on Thursday, February 26, 2026 at 8:00 a.m. Central Time, available by phone and webcast.
Call details: Dial (800) 715‑9871 or International (646) 932‑3411; Conference ID 4503139. A replay is available through March 12, 2026 at (800) 770‑2030 or International (647) 362‑9199 using Conference ID 4503139. The webcast archive will remain on NOG's website through February 25, 2027.
Northern Oil and Gas (NYSE: NOG) updated its post-transaction hedge profile following the Ohio Utica joint acquisition on December 17, 2025. The company said it increased natural gas hedges so that 2026 and 2027 gas hedge volumes represent approximately 60% and 30%, respectively, of Q3 2025 annualized natural gas production pro forma for the Utica deal.
NOG reported > 35,400 Bbl/day of oil hedged (swap price > $68.70, collar floor $63.84), ~267,500 MMBtu/day gas hedged for 2026 (swaps $4.06; collars $3.43-$4.98), and average 124,315 MMBtu/day hedged for 2027. The company added M2 and REX Z3 basis hedges.
Northern Oil and Gas (NYSE: NOG) agreed to acquire a 49% non-operated stake in Ohio Utica assets with Infinity for $588.0 million net to NOG, part of a combined $1.2 billion purchase. The assets include ~35,000 net acres, >100 undeveloped locations, and integrated midstream with ~140 miles of gathering pipe and 90 miles of water systems.
Estimated 2026 production net to NOG is ~65 MMcfe/d (92% gas) with >30% CAGR to decade-end; expected $100M cash flow in 2026 net to NOG, midstream contributing ~19%. Closing expected by Q1 2026; NOG placed a $58.8M deposit in escrow.
Northern Oil and Gas (NYSE: NOG) reported Q3 2025 results with total production of 131,054 Boe/d (55% oil), up 8% year-over-year. GAAP net loss was $129.1M driven by a non-cash impairment of $318.7M, while Adjusted EBITDA was $387.1M and Adjusted Net Income was $101.8M. Cash flow from operations totaled $362.1M and Free Cash Flow was $118.9M. Q3 capex (ex-acquisitions) was $272.0M. Corporate actions included issuing $725M 7.875% notes due 2033 and repurchasing ~97% of 2028 notes, and amending the revolver to extend maturity to Nov 2030. 2025 guidance tightened: production raised to 132,500–134,000 Boe/d and capex narrowed to $950–$1,025M.
Northern Oil and Gas (NYSE: NOG) entered an amended and restated credit agreement on November 5, 2025, for its reserves-based revolving credit facility with Wells Fargo and a 20‑lender syndicate.
The Facility's elected commitment remains $1.6 billion and the borrowing base remains $1.8 billion. The maturity date was extended from June 2027 to November 2030, increasing NOG's weighted average debt maturity to six years. The company also secured a 60 basis point reduction in the cost of borrowing on the Facility, which management says improves liquidity and lowers all‑in cost of debt.
Northern Oil and Gas (NYSE: NOG) announced a quarterly cash dividend of $0.45 per share. The dividend is payable on January 30, 2026 to shareholders of record at the close of business on December 30, 2025. The declaration is consistent with the company’s previously announced plan and applies to common stock.
Northern Oil and Gas (NYSE: NOG) reported a third-quarter business update including a $98.3 million bolt-on purchase of ~1,000 net royalty acres (~8,000 1/8th acres) in the Uinta Basin, adding >400 gross locations and raising its Uinta effective NRI from ~80% to ~87%.
The company raised 2025 guidance to 75,000–76,500 Bopd and 132,500–134,000 Boepd, expects ~131,000 Boepd in 3Q, Q3 capex of ~$272M, FY capex tightened to $950–$1,025M, and anticipates a $310–$330M non-cash impairment in 3Q. NOG reported realized hedge gains of $55.4M and hedged oil volumes averaging >50,000 Bbl/d for 4Q 2025.
Northern Oil and Gas (NYSE: NOG) will release its third quarter 2025 financial and operating results on Thursday, November 6, 2025 after market close. The company will host a conference call to discuss results on Friday, November 7, 2025 at 8:00 a.m. Central Time, accessible by phone and webcast.
Conference details include a domestic dial-in (800) 715-9871, international dial-in (646) 307-1963, and conference ID 4503139. A replay is available through November 21, 2025, and an archived webcast will remain on NOG's website through November 6, 2026.