Northern Q3 Earnings Beat on Strong Production, Sales Miss
Northern Oil and Gas(NOG) ZACKS·2024-11-13 21:16
Northern Oil and Gas, Inc. (NOG) reported third-quarter 2024 adjusted earnings per share of $1.40, which beat the Zacks Consensus Estimate of $1.26. The outperformance indicates strong production. However, the bottom line declined from the year-ago reported figure of $1.73 due to weaker realized prices from crude oil and natural gas and a 17.5% increase in operating expenses.Oil and natural gas sales of $514 million missed the Zacks Consensus Estimate of $535 million. The top line increased from the year-a ...