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Northern Oil & Gas reports Q3 capex $250M-$253M, buys back $16M in shares
NOGNorthern Oil & Gas, Inc.
Northern Oil and Gas issued preliminary third quarter 2026 financial and operating results. The company reported capital expenditures of $250.0 to $253.0 million, excluding non-budgeted acquisitions. It closed approximately 1,060 net acres and 2.8 net wells through ground game transactions, deploying about $56.5 million in acquisition costs. Hedging results included unrealized mark-to-market losses of $300.0 to $320.0 million and realized hedge losses of $51.0 to $52.0 million. The company repurchased 667,989 shares for $16.0 million and declared a $0.45 quarterly cash dividend payable on October 30, 2026. Northern Oil and Gas is the largest publicly traded dedicated non-operator in the United States, acquiring non-operated minority working interests and mineral rights across premier North American oil basins.