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Northern Oil And Gas (NOG)
NYSE:NOG
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.17Last Year’s EPS
1.28Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -13.45%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements in terms of production growth, financial performance, and strategic acquisitions. However, these were offset by operational disruptions and increased costs. The company's long-term growth strategy remains strong, but immediate challenges are notable.Company Guidance
During Northern Oil and Gas, Inc.'s fourth quarter and year-end 2024 earnings call, Chief Financial Officer Chad Allen detailed the guidance for 2025, emphasizing a production range of 130,000 to 145,000 BOE per day, with oil production expected between 75,000 to 79,000 barrels per day. The capital expenditure budget is set between $1.05 billion and $1.2 billion, including 25% allocated for ground game acquisition and development and 10% for the Appalachian drilling partnership. Cash taxes are projected to be under $10 million, primarily from state income taxes. The call highlighted a production ramp towards the end of the year, with a significant portion of completions anticipated in the back half of 2025, and noted the potential for further growth into 2026 due to the strategic build-up of the D&C list and the completion of ongoing projects.Record Production Growth
Northern Oil and Gas, Inc. reported a 25% year-over-year growth in oil volumes, achieving high single-digit growth for 2025 with a strong exit expected in 2025.
Successful Acquisition and Expansion
The company executed significant acquisitions, including 14 ground game deals in Q4, expanding in key basins like Appalachia, Permian, and Uinta.
Strong Financial Performance
Adjusted EBITDA was $1.6 billion and free cash flow was $461 million for 2024, marking all-time highs for the company.
Positive Outlook for M&A
The company is evaluating $8 billion in assets across various basins, indicating a strong pipeline for future growth.
Continued Dividend Growth
Northern Oil and Gas, Inc. delivered nearly $260 million in returns through dividends and share repurchases in 2024.
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NOG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NOG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $35.40 | $35.38 | -0.06% |
| Nov 05, 2024 | $36.33 | $40.58 | +11.70% |
| Jul 30, 2024 | $39.68 | $42.16 | +6.25% |
| Apr 30, 2024 | $42.06 | $39.41 | -6.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northern Oil And Gas (NOG) report earnings?
Northern Oil And Gas (NOG) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Northern Oil And Gas (NOG) earnings time?
Northern Oil And Gas (NOG) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOG EPS forecast?
NOG EPS forecast for the fiscal quarter 2025 (Q1) is 1.17.
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