Northern Oil and Gas, Inc. held its Annual Meeting of Stockholders on May 21, 2026, where stockholders voted on director elections, auditor ratification, and executive pay.
All seven director nominees were elected. For example, Nicholas O’Grady received 83,772,877 votes for and 448,878 withheld, with 11,512,850 broker non-votes. Jennifer Pomerantz received 78,312,649 votes for and 5,909,106 withheld.
Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 95,171,334 votes for, 231,128 against, and 332,143 abstentions. They also approved, on a nonbinding advisory basis, the compensation of named executive officers, with 80,671,263 votes for, 2,986,714 against, 563,778 abstentions, and 11,512,850 broker non-votes.
Northern Oil and Gas, Inc. agreed to acquire a 25% undivided non‑operated interest in Light‑Oil Duvernay assets from Parallax for an initial unadjusted purchase price of CA$350 million (~US$259 million). The price includes CA$237 million in cash and CA$113 million in NOG common stock, plus potential contingent consideration of CA$25 million based on future oil prices.
The assets add about 4,000 Boe per day of net production and roughly 75,000 acres, with operating costs expected below $7.50 per Boe. NOG now guides 2026 production to 143,000–148,000 Boe per day with higher oil volumes, while keeping its total 2026 capital budget at $850–$900 million.
Northern Oil & Gas Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 5,271,121 shares of Common Stock, representing 5.04% of the class as reported with a 03/31/2026 time anchor. The filing lists 767,004 shares as sole voting power and states dispositive authority rests with Vanguard Capital Management and specified affiliates.
Northern Oil and Gas, Inc. reported a sharp turnaround to a net loss for the three months ended March 31, 2026, driven by derivative losses and a non-cash impairment. The company posted a net loss of $522.8 million, compared with net income of $139.0 million a year earlier.
Total revenues fell to $5.0 million as a loss of $539.1 million on commodity derivatives offset $539.9 million of oil and gas sales. Operating expenses also rose, including a $268.3 million ceiling-test impairment under the full cost method.
Despite the accounting loss, cash from operating activities remained strong at $323.6 million, supporting heavy investment. The company spent $634.6 million on oil and natural gas properties, including the $464.6 million Utica Acquisition in Ohio, and increased long‑term debt to $2.58 billion while issuing 8.3 million new common shares.
Vanguard Portfolio Management reported beneficial ownership of 6,618,916 shares of Northern Oil & Gas Inc. Common Stock, representing 6.33% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 6,618,916 shares and sole voting power for 36,864 shares. The disclosure attributes holdings to Vanguard Portfolio Management LLC and affiliated business divisions, and was signed on 04/29/2026.
Northern Oil and Gas, Inc. reported first quarter 2026 results with higher volumes but a large GAAP loss driven by non-cash items. Oil and gas sales were $539.9 million and production averaged 148,303 Boe per day, up 10% from the first quarter of 2025.
GAAP net loss was $522.8 million, or $5.31 per share, primarily due to an unrealized mark-to-market loss on derivatives of about $521.4 million and a $268.3 million non-cash impairment. Adjusted Net Income was $74.7 million, and Adjusted EBITDA was $342.5 million, a 21% decrease from a year earlier.
The company generated $323.6 million of operating cash flow and $30.4 million of Free Cash Flow, with capital expenditures of $270.1 million. NOG closed a $464.6 million Ohio Utica acquisition and completed an 8.3 million share equity offering for $227.9 million, ending the quarter with total liquidity of $1.2 billion and paying a quarterly dividend of $0.45 per share.
Northern Oil and Gas, Inc. is asking stockholders to vote at its fully virtual 2026 annual meeting on May 21, 2026. Investors will elect seven directors for one-year terms, ratify Deloitte & Touche LLP as auditor for 2026, and approve on an advisory basis the 2025 compensation of named executive officers.
The proxy highlights strong 2025 performance, including higher production, record cash from operations and Adjusted EBITDA despite lower commodity prices, and more than $230 million returned via dividends and buybacks. Executive pay is heavily performance-based, using cash incentives tied to Adjusted EBITDA and ROCE plus three-year total shareholder return equity awards, alongside detailed governance, committee and ownership disclosures.
Pomerantz Jennifer S. reported acquisition or exercise transactions in this Form 4 filing.
NORTHERN OIL & GAS, INC. director Jennifer S. Pomerantz received a grant of 2,351 shares of Common Stock on March 31, 2026. The shares were awarded at no cash cost under the company’s 2018 Equity Incentive Plan, increasing her direct holdings to 25,129 shares.
Kimble William F reported acquisition or exercise transactions in this Form 4 filing.
NORTHERN OIL & GAS, INC. director William F. Kimble received a stock grant of 1,496 shares of common stock on March 31, 2026. The shares were awarded at a stated price of $0.00 per share as part of equity compensation.
After this grant, Kimble directly holds a total of 19,259 shares of Northern Oil & Gas common stock. The footnote explains that the grant was made under the company’s 2018 Equity Incentive Plan, indicating this is a routine, compensation-related equity award rather than an open-market purchase or sale.