Northern Oil and Gas reports Q4 adjusted EPS 83c, consensus 78c

Reports Q4 revenue $447.72M, consensus $517.16M. Reports Q4 production of 140,064 Boe per day, a 6% increase from the fourth quarter of the prior year. Despite a challenging commodity price environment, NOG delivered growth in Adjusted EBITDA and production while further strengthening our balance sheet,” said Nick O’Grady, Chief Executive Officer. “Production increased 9% year over year, supported by increased investment in our natural gas portfolio and continued disciplined capital allocation. We expanded our asset base through approximately $340.0 million of value-accretive acquisitions, including a record level of Ground Game activity in 2025, and our recently closed marquee Joint Ohio Utica transaction will add substantial scale to our Appalachian position. In tandem with a rigorous business development focus, we also strengthened our balance sheet by extending maturities and enhancing our liquidity.”