Northern Oil and Gas: Q1 Earnings Snapshot

MINNETONKA, Minn. — MINNETONKA, Minn. — Northern Oil and Gas Inc. (NOG) on Thursday reported first-quarter earnings of $340.2 million. On a per-sha...

May 5, 2023
12:30 AM

MINNETONKA, Minn. — MINNETONKA, Minn. — Northern Oil and Gas Inc. (NOG) on Thursday reported first-quarter earnings of $340.2 million. On a per-share basis, the Minnetonka, Minnesota-based company said it had profit of $3.98. Earnings, adjusted for non-recurring gains, came to $1.76 per share. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share. The independent oil and gas company posted revenue of $582.

Associated Press