Northern Oil And Gas (NOG) Misses Q3 EPS by 2c; offers guidance

Northern Oil And Gas (NYSE: NOG) reported Q3 EPS of $1.73, $0.02 worse than the analyst estimate of $1.75. Revenue for the quarter came in at $511.7 million versus the consensus estimate of $513 million.

GUIDANCE

Overall, the Company expects its 2023 well spud count to increase to a range of 76 - 79 net wells, compared to expectations of 68 - 71 net wells implied in prior guidance. The Company has also tightened production guidance, with the midpoint unchanged, and modestly improved oil differential and gas realization guidance to reflect year-to-date actuals.

For earnings history and earnings-related data on Northern Oil And Gas (NOG) click here.

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