Northern Oil & Gas $(NOG)$ reported FY 2025 total revenues of USD 2.5 billion (+11.2%), including oil sales of USD 1.6 billion, natural gas and NGL sales of USD 453.8 million, and gains on commodity derivatives of USD 380.7 million (USD 201.3 million settled; USD 179.3 million unsettled). Net cash provided by operating activities was USD 1.5 billion (+6.9%), while net cash used in investing activities was USD 1.3 billion and net cash used in financing activities was USD 247.5 million. NOG recorded a non-cash full cost ceiling test impairment charge of USD 702.7 million in FY 2025, and interest expense (net of capitalized interest) was USD 172.4 million (+9.3%); income tax expense was USD 23.9 million, with an effective tax rate of 38.2%. Operationally, FY 2025 average daily production was 135,045 Boe/d (+9%) and Q4 2025 production averaged 140,064 Boe/d (about 53% oil), with FY 2025 total production of 49,292 MBoe. Proved reserves were 384.1 MMBoe at year-end (+1%). NOG added 80.7 new net wells to production during 2025, plus 18.6 net wells from acquisitions that were already producing when acquired, and ended the year with 45.6 net wells in process. On capital allocation, NOG increased total quarterly common dividends paid to USD 1.80 per share in FY 2025 (+9.8%) and returned about USD 230.4 million to shareholders (USD 173.4 million in dividends and USD 57.0 million in share repurchases). The company completed USD 333.5 million in bolt-on acquisitions that closed during 2025 and ended FY 2025 with total debt of USD 2.4 billion and total liquidity of USD 1.1 billion (USD 1.1 billion of committed revolver availability and USD 14.3 million cash).
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Oil & Gas Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104485-26-000008), on February 26, 2026, and is solely responsible for the information contained therein.
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