Northern Oil And Gas (NOG) Tops Q4 EPS by 11c, Revenues Beat

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Go back to Northern Oil And Gas (NOG) Tops Q4 EPS by 11c, Revenues Beat

Northern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance

March 12, 2019 6:30 AM EDT

FOURTH 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