Welcome to our dedicated page for Northern O & G news (Ticker: NOG), a resource for investors and traders seeking the latest updates and insights on Northern O & G stock.
Northern Oil & Gas (NOG) provides timely updates on its strategic operations across key U.S. basins, including the Williston and Permian regions. This page serves as a comprehensive resource for investors and industry professionals seeking official press releases, financial announcements, and operational developments.
Access curated updates on earnings reports, asset acquisitions, and production milestones, all critical for evaluating the company's position in the energy sector. Our collection ensures transparent access to NOG's exploration activities, regulatory compliance efforts, and market strategies without speculative commentary.
Regularly updated content covers technical advancements in drilling, partnerships, and sustainability initiatives. Bookmark this page to stay informed about NOG's evolving role in oil and gas exploration through verified, investor-focused communications.
Northern Oil and Gas (NYSE: NOG) announced a $170 million acquisition of oil-rich properties in the Williston Basin, with an expected production of over 2,500 Boe per day. The transaction enhances NOG's portfolio, adding 17.5 net undeveloped locations and boosting cash flow expectations to over $73 million in the next year. NOG anticipates a Q4 2022 exit rate exceeding previous production guidance. Financing will come from cash and existing credit facilities, maintaining a leverage ratio below 1x. This strategic move positions NOG for significant growth and shareholder returns.
Northern Oil and Gas, Inc. (NYSE: NOG) announced on June 7, 2022, an amended credit agreement with Wells Fargo, increasing its borrowing base to $1.3 billion from $850.0 million. The facility's maturity has been extended to June 2027, providing enhanced financial flexibility. Additionally, NOG has raised its elected commitment amount to $850.0 million. CFO Chad Allen expressed gratitude to the bank syndicate for their support, highlighting the robust reserve base that facilitated these improvements.
Northern Oil and Gas reported record first quarter production of 71,255 Boe per day, a significant 85% increase from Q1 2021. GAAP cash flow from operations reached $154 million, while adjusted net income was $138.9 million, up 49% sequentially. The company achieved record free cash flow of $146 million, rising 106% sequentially. They announced a 36% increase in the quarterly dividend to $0.19 per share and initiated a stock repurchase program. Despite a reported GAAP net loss of $206.6 million due to derivative losses, operational metrics demonstrate strong growth and management confidence in 2022 projections.
Northern Oil and Gas (NOG) announced a quarterly cash dividend of
Northern Oil and Gas, Inc. (NYSE: NOG) will release its first quarter 2022 financial and operational results on May 5, 2022, after market close. A conference call to discuss these results is scheduled for May 6, 2022, at 10:00 a.m. Central Time. Participants can join via phone or the company's webcast. The replay of the call will be available until May 13, 2022. Northern Oil focuses on investing in non-operated minority working and mineral interests in premier U.S. oil and gas basins. Further details can be found on their website.
Northern Oil and Gas (NYSE: NOG) has announced an updated long-term base dividend growth plan, projecting a 23% average quarterly dividend increase through year-end 2023. For Q2 2022, the company plans to recommend a dividend of
Northern Oil and Gas (NOG) reports a strong fourth quarter & full year 2021, with production averaging 64,155 Boe per day, up 11% from Q3. Q4 GAAP cash flow from operations reached $133.1 million, a 29% rise. The company achieved Free Cash Flow of $70.7 million, a 28% increase, and closed the Veritas acquisition for $419.4 million. For 2022, NOG expects production of 70,000 - 75,000 Boe per day with planned capital expenditures of $350 - $415 million. The company announced a Base Dividend Growth plan, aiming for a 20% average dividend increase per quarter through 2023.
Northern Oil and Gas (NYSE: NOG) announced a change in the timing for its fourth quarter and year-end 2021 earnings conference call. The call will now take place on February 25, 2022, at 8:00 a.m. Central Time. Interested participants can join via phone or through the company's webcast. Replay information is also provided, allowing access until March 4, 2022. Northern Oil and Gas focuses on investing in non-operated minority working and mineral interests in oil and gas properties in the U.S.
Northern Oil and Gas (NYSE American: NOG) has announced its uplisting to the New York Stock Exchange (NYSE), effective February 17, 2022. The company’s common stock will now trade under the same symbol, NOG. CFO Chad Allen highlighted this move as a significant milestone in their transformation, aimed at establishing NOG as a diversified, low-leverage entity focused on free cash flow and dividends. This transition to the NYSE provides a broader platform for growth.
Northern Oil and Gas, Inc. (NOG) announced it will release its fourth quarter and year-end 2021 financial results on February 25, 2022, prior to market opening. The company will conduct a conference call on the same day at 9:00 a.m. Central Time for discussing these results. Investors and analysts can join the call via phone or via webcast. A replay will be accessible until March 4, 2022. NOG focuses on investments in non-operated minority working and mineral interests in U.S. oil and gas properties.
