Northern Oil And Gas (NOG) Misses Q4 EPS by 9c; offers production guidance

Northern Oil And Gas (NYSE: NOG) reported Q4 EPS of $1.61, $0.09 worse than the analyst estimate of $1.70. Revenue for the quarter came in at $793.52 million versus the consensus estimate of $564.86 million.

GUIDANCE

NOG anticipates approximately 115,000 - 120,000 Boe per day of production in 2024, an increase of approximately 20% at the midpoint from 2023 levels. NOG currently expects total capital spending in the range of $825 - $900 million for 2024 with approximately 50% of its 2024 budget to be spent on the Permian, 35% on the Williston, and 1% on the Appalachian

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

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