The earnings call conveyed a mix of positive and negative developments. While the company demonstrated resilience through its diverse portfolio and strong free cash flow generation, challenges such as decreased activity in the Williston Basin, higher operating costs, and a significant noncash impairment charge were noted. The company's strategic focus on acquisitions and maintaining liquidity are promising, yet the external pressures of lower commodity prices and market volatility continue to pose challenges.

Company Guidance -

Q3 2025

During the second quarter of 2025, NOG reported significant financial metrics and strategic decisions. The company generated over $126 million in free cash flow, with an additional $50 million pending from a legal settlement, marking their 22nd consecutive quarter of positive free cash flow and exceeding $1.8 billion over that period. Adjusted EBITDA was reported at $440.4 million, including the legal settlement. Total average daily production was approximately 134,000 BOE per day, with oil production at about 77,000 barrels per day. NOG revised its 2025 capital expenditure guidance to a range of $925 million to $1.05 billion, a reduction of approximately $137.5 million at the midpoint. The company's strategic focus included reducing near-term spending, planning discretionary capital outlays for acquisitions, and maintaining a conservative financial approach to navigate volatile commodity prices. NOG's disciplined capital allocation and non-operated model were emphasized as key drivers for navigating the current market environment.

Resilient Business Model

NOG's business model has shown resilience, with a strong contribution from Uinta and Appalachian Basins. The company's diverse portfolio and disciplined approach have supported cash flow despite lower prices.

Strong Free Cash Flow

Generated over $126 million in free cash flow this quarter, marking the 22nd consecutive quarter of positive cash flow, exceeding $1.8 billion over that time period.

Ground Game Success

NOG closed 22 transactions in Q2, up from 7 deals in Q1, for a total of 4.8 net wells and over 2,600 net acres across all the basins.

Improved Gas Production

Record gas volumes of approximately 343 mmcf per day, with the first batch of Appalachian JV wells coming online.

Debt Management and Liquidity

Maintained over $1.1 billion in liquidity and completed a reopening of the 2029 convertible notes, generating incremental annual interest and dividend savings of approximately $5 million.

Northern Oil And Gas (NOG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.96 / -	1.4	―	―	―
Jul 31, 2025	2025 (Q2)	0.96 / 1.37	1.46	-6.16% (-0.09)
Apr 29, 2025	2025 (Q1)	1.13 / 1.33	1.28	3.91% (+0.05)
Feb 19, 2025	2024 (Q4)	1.09 / 1.11	1.61	-31.06% (-0.50)
Nov 05, 2024	2024 (Q3)	1.20 / 1.40	1.73	-19.08% (-0.33)
Jul 30, 2024	2024 (Q2)	1.24 / 1.46	1.49	-2.01% (-0.03)
Apr 30, 2024	2024 (Q1)	1.18 / 1.28	1.76	-27.27% (-0.48)
Feb 22, 2024	2023 (Q4)	1.65 / 1.61	1.43	12.59% (+0.18)
Nov 01, 2023	2023 (Q3)	1.72 / 1.73	1.8	-3.89% (-0.07)
Aug 02, 2023	2023 (Q2)	1.36 / 1.49	1.72	-13.37% (-0.23)

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

NOG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$28.16	$25.03	-11.12%
Apr 29, 2025	$24.38	$23.93	-1.85%
Feb 19, 2025	$34.35	$34.33	-0.06%
Nov 05, 2024	$35.25	$39.38	+11.72%

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.

FAQ

When does Northern Oil And Gas (NOG) report earnings?

Northern Oil And Gas (NOG) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Northern Oil And Gas (NOG) earnings time?

Northern Oil And Gas (NOG) earnings time is at Oct 30, 2025, Before Open (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 (Q3) is 0.96.

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