Northern Oil and Gas Q4 revenue falls on weaker oil pricing

Reuters02-26
Northern <a href="https://laohu8.com/S/ODVCI">Oil and Gas</a> Q4 revenue falls on weaker oil pricing

Overview

  • U.S. oil and gas firm's Q4 revenue fell due to weaker oil pricing

  • Adjusted EBITDA for Q4 was $366.5 mln

  • Company repurchased 326,301 shares at $21.47 each in Q4

Outlook

  • Northern Oil and Gas projects 2026 production at 139,000-148,000 Boe per day

  • Company expects 2026 capital expenditures between $850 mln and $1.1 bln

  • Northern Oil and Gas anticipates 67.5-87 net wells turned-in-line in 2026

Result Drivers

  • PRODUCTION INCREASE - Q4 production rose 6% year-over-year, driven by a 24% increase in natural gas output

  • ASSET EXPANSION - NOG expanded its asset base through value-accretive acquisitions, including a major Ohio Utica transaction

  • BALANCE SHEET IMPROVEMENTS - Co strengthened balance sheet by extending debt maturities and enhancing liquidity

Company press release: ID:nBw6YHcLFa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Oil & Gas Sales

$447.7 mln

Q4 Adjusted Net Income

$82 mln

Q4 Net Income

-$70.7 mln

Q4 Adjusted EBITDA

$366.5 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

  • Wall Street's median 12-month price target for Northern Oil and Gas Inc is $29.50, about 8.5% above its February 24 closing price of $27.18

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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