Earnings ·
Northern Oil and Gas reported second quarter 2026 GAAP net income of $236.6 million ($2.19 per diluted share), driven…
NOGNorthern Oil & Gas, Inc.
Northern Oil and Gas reported second quarter 2026 GAAP net income of $236.6 million ($2.19 per diluted share), driven by a 17% sequential increase in Adjusted EBITDA to $401.0 million. Total production averaged 145,659 Boe per day, up 9% year-over-year, with record natural gas output of 464,330 Mcf per day. The company closed its Duvernay Light Oil Joint Development acquisition for $262.1 million and generated $159.0 million in free cash flow. Management declared a quarterly cash dividend of $0.45 per share, payable October 30, 2026 to shareholders of record on September 29, 2026. Additionally, the board authorized a $150.0 million increase to the share repurchase program, bringing total capacity to approximately $243.0 million. Northern Oil and Gas is an independent oil and gas exploration and production company focused on acquiring non-operated working interests in North American basins.