Northern Oil And Gas (NYSE: NOG) reported Q3 EPS of $0.51, $0.13 better than the analyst estimate of $0.38. Revenue for the quarter came in at $47.32 million versus the consensus estimate of $106.21 million.

“Northern’s business model continues to deliver on its 2020 plan,” commented Nick O’Grady, Northern’s Chief Executive Officer. “Costs were down, production was up and we generated meaningful free cash flow while continuing to strategically bolt on high return assets. As of November 6, 2020, our debt is already down $160 million year-to-date, and our 2021 outlook continues to be focused on delivering more free cash flow, debt reduction and taking advantage of market distress. Despite the industry challenges, we continue to work through a great pipeline of deal flow at some of the most compelling valuations seen in energy in decades.”

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