News & Events zu Northern Oil and Gas Inc (NOG)NOGNorthern Oil and Gas Inc

Northern Oil and Gas Plans to Offer $500M Senior Notes

Northern Oil and Gas intends to offer, subject to market and other conditions, $500M in aggregate principal amount of senior notes due 2034 in a private offering to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended. The Company intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its revolving credit facility and the remainder, if any, for general corporate purposes.

Northern Oil and Gas Confirms FY26 Production View of 143K-148K boe/d

Northern Oil and Gas backs FY26 production view 143K-148K boe/d

NOG Reports Q2 Revenue of $670.8M, Beating Estimates

Reports Q2 revenue $670.8M, consensus $584.72M. "The strength of the NOG model shows most clearly when the macro backdrop is at its most volatile, and the flexibility of our diversified, non-operated business model is precisely what carried us through this quarter. Adjusted EBITDA was up 17% sequentially over the first quarter and we reiterated our full year production guidance despite less than ideal operating conditions. This directly demonstrates the resiliency of our platform. We strategically expanded our total addressable market by entering the Duvernay, a high quality, low break-even basin with significant growth potential, while also further enhancing our lower 48 footprint through our accretive and dynamic ground game program. Additionally, we opportunistically repurchased ~3 million shares of our stock at a highly attractive valuation, exactly the kind of disciplined capital allocation the NOG model is built to enable," commented Nick O'Grady, Chief Executive Officer. "NOG remains as strong and as well positioned as ever with an asset base that is materially undervalued by the public market juxtaposed against one of the strongest private asset markets in decades. We believe our value proposition will be well illuminated over time, and we remain steadfast in executing a business plan built to ensure the market recognizes both the value inherent in what we own today and our ability to generate attractive risk-adjusted returns across the cycle."