NOG Earnings Prediction
The chart below shows how NOG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NOG sees a +1.19% change in stock price 10 days leading up to the earnings, and a +0.19% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
NOG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
515.49M
0.38%
-8.63%
Gross Margin
40.40%
-18.66%
-4.29%
Operating Margin
40.08%
-14.94%
-3.14%
Net Margin
57.90%
1039.76%
135.75%
EPS
2.96
957.14%
117.65%
No Data Available
NOG Earnings Analysis
Northern Oil and Gas, Inc. Corporation (NOG.N) Earnings Conference Call
Positive
Production Resilience: Production remained resilient at over 121,800 BOE per day, despite a 1% decrease compared to Q2, and a 19% increase compared to Q3 of 2023.
Record Oil Production Increase: Oil production increased to 70,900 barrels per day, up 2% from Q2, setting a new NOG record for oil production.
Strong Operational Performance: Adjusted EBITDA in the quarter was $412 million, reflecting strong operational performance despite lower commodity prices.
Free Cash Flow Increase: Free cash flow of $177 million in the quarter was 32% higher sequentially and up 39% from the same period last year, benefiting from higher tilled count in Q2.
Net Acreage Expansion: We aggregated an additional 1,250 net acres through our Ground Game, bringing us to over 4,700 net acres and 6.8 net wells on the year.
Negative
Oil Volume Growth Amid Decline: Three straight quarters of declining CapEx, fewer wells turned on, and yet we've delivered growing oil volumes and activity is still pooling with a growing D&C list.
Record Free Cash Flow: Even in a quarter of weaker oil and gas prices, we generated record free cash flow, near-record adjusted EBITDA and drove volume growth in our two biggest contributing basins, the Permian and the Williston.
Capital Efficiency Impact: The third quarter results clearly reflect that as our capital efficiency shines through and proves the points we made then.
Limited Cash Flow Impact: We closed Point at the very end of the third quarter, and as a result, received little to no benefit from a cash flow perspective.
Debt Management Options: While the larger XCL transaction that closed at the beginning of Q4 will have a modest impact on our borrowings in the near-term, we maintain a number of different options and could quickly turn out the debt at any point in time.
NOG FAQs
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NOG Earning Call Sentiment
Northern Oil and Gas, Inc. (NOG) Q3 2024 Earnings Call Transcript
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NOG.N
-6.73%Positive
The earnings call summary indicates strong financial performance with record oil production and significant shareholder returns. Despite some cost management concerns, the company has raised production guidance and demonstrated operational efficiency. The Q&A section revealed management's confidence in handling volatility and positive results from new ventures. The market cap suggests moderate reaction, leading to a positive stock price prediction over the next two weeks.
