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Northern Oil And Gas (NOG)
:NOG
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.25Last Year’s EPS
1.61Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 15.69%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook, with significant achievements in free cash flow, successful acquisitions, and shareholder returns. However, challenges such as lower natural gas realizations and increased LOE were noted. Overall, the company seems well-positioned for future growth.Company Guidance
In the third quarter of 2024, NOG reported several key metrics highlighting the company's operational and financial performance. Despite a nearly 70% sequential reduction in Turn-In-Line (TIL) activities, production remained resilient at over 121,000 barrels of oil equivalent (BOE) per day, with oil production reaching a record 70,900 barrels per day. The company achieved record free cash flow of $177 million, a 32% increase from the previous quarter, and adjusted EBITDA of $412 million, slightly lower due to reduced commodity prices. The capital expenditure (CapEx) was $198 million, with allocations of 56% to the Permian, 41% to the Williston, and 3% to Appalachia. Additionally, NOG maintained a stable net leverage ratio of 1.16x, with expectations to be at the lower end of the 1x to 1.5x range by the end of 2025. Looking ahead, the company anticipates a robust activity ramp-up, projecting over 25 net wells for the fourth quarter and maintaining strong free cash flow due to recent acquisitions.Record Free Cash Flow and Oil Production
NOG generated record free cash flow and achieved a new record for oil production, with 70,900 barrels per day, up 2% from Q2.
Successful Acquisitions and Strong Balance Sheet
Closed all-cash acquisitions of Point and XCL with minimal impact on net leverage. The company has over $1.3 billion in liquidity.
Capital Efficiency and Cost Reductions
Notable reduction in well costs and improvements in spud to sales timelines. Well costs in the Williston declined to the lowest cost per lateral foot on the year.
Shareholder Returns
Repurchased just under 400,000 shares and delivered over $230 million of returns to shareholders year-to-date.
Positive Uinta Basin Performance
Encouraging test rates from Douglas Creek wells in the Uinta Basin, with potential for significant development.
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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 |
|---|---|---|---|
| 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% |
| Feb 22, 2024 | $33.09 | $33.07 | -0.06% |
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 Feb 20, 2025, TBA Not Confirmed.
What is Northern Oil And Gas (NOG) earnings time?
Northern Oil And Gas (NOG) earnings time is at Feb 20, 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 2024 (Q4) is 1.25.
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