Northern Oil And Gas (NOG) Tops Q4 EPS by 11c, Revenues Beat
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Northern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance
March 12, 2019 6:30 AM EDTFOURTH QUARTER 2018
Production increased 117% over the prior year and 36% over the prior quarter, averaging a record of 36,258 barrels of oil equivalent (Boe) per day. Lease operating expenses and general and administrative expenses were each down 26% per Boe from the prior year. Cash flow from operations, excluding a $10.3 million net increase from changes in working capital, was $107.5 million. Drilling and development capital expenditures totaled $78.2 million, a decrease of 4% from the prior quarter. Net income increased to $218.3 million or... More