Northern Oil and Gas

NOG

Market cap $2.74B

Northern Oil and Gas (NOG) is rated a Strong Buy due to its non-operator royalty model, reliable cash flows, and attractive 6.5% forward yield. NOG's asset-light strategy enables high operating leverage, sustainable dividends, and significant upside if oil prices recover, with only 15% of operating cash flows funding shareholder returns. Despite commodity price headwinds and recent impairments, NOG's net income and return to shareholders have improved, supported by disciplined capital allocation and sector-leading valuation discounts.

NOG expects total output to range from 139,000-143,000 Boe/d in a low-activity scenario and from 144,000-148,000 Boe/d in a high-activity scenario for 2026.

Northern Oil and Gas, Inc. (NOG) Q4 2025 Earnings Call Transcript

MINNEAPOLIS--(BUSINESS WIRE)--NOG Announces Fourth Quarter and Full Year 2025 Results; Provides Detailed 2026 Guidance.

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today announced that its Board of Directors has declared a cash dividend on the Company's common stock. The Company is also providing Management's recommendations for 2026. DIVIDEND DECLARATION NOG's Board of Directors has declared a cash dividend in the amount of $0.45 per share, representing the same level from the prior year's dividend and the same level as the prior quarter. The dividend is payable.

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the closing of its acquisition of non-operated properties in the core of the Ohio Utica Shale, and a revised, upsized reserves-based lending facility. UTICA SHALE ACQUISITION On February 23, 2026, NOG closed on its previously announced joint acquisition of interests in the Ohio Utica Shale Upstream and Midstream Assets from Antero Resources Corporation and Antero Midstream Corporation (.

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the adjustment of ownership splits in connection with its pending joint acquisition of Antero's Utica Assets. UTICA SHALE ACQUISITION On February 19, 2026, NOG and INR announced an adjustment of ownership interests in their pending joint acquisition of interests in the Ohio Utica Shale Upstream and Midstream Assets from Antero Midstream Corporation and Antero Resources, Inc. (“Antero”).

Northern Oil and Gas (NOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MINNEAPOLIS--(BUSINESS WIRE)--NOG Provides Fourth Quarter Update.

MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) announced today that it plans to issue its fourth quarter and year-end 2025 financial and operating results on Wednesday, February 25, 2026, after the market closes. Additionally, the Company will host a conference call on Thursday, February 26, 2026, at 8:00 a.m. Central Time. Those wishing to listen to the conference call may do so via phone or the Company's webcast. Conference Call and Webcast Detai.