Earnings ·
Northern Oil & Gas reports Q3 record production of 156k Boepd and raises full-year guidance
NOGNorthern Oil & Gas, Inc.
Northern Oil and Gas reported third-quarter 2026 results featuring a record average daily production of 156,239 barrels of oil equivalent per day (Boepd), driven by strong performance in the Williston, Permian, and Appalachian basins. The company generated $444.5 million in Adjusted EBITDA and $148.6 million in free cash flow, while retiring over $100 million in debt to achieve a net leverage ratio of 1.47x. Additionally, NOG raised its full-year 2026 production guidance to 147,000–150,000 Boepd and declared a quarterly cash dividend of $0.45 per share. Northern Oil and Gas is the largest publicly traded dedicated non-operator in the United States, acquiring non-operated working interests and mineral rights across premier North American oil and gas basins.