Northern Oil And Gas (NOG) Tops Q1 EPS by 32c
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NOG Announces Record First Quarter 2022 Results and Updates Guidance
May 5, 2022 4:15 PM EDTQUARTERLY HIGHLIGHTS
Record first quarter production of 71,255 Boe per day (60% oil), up 85% from the first quarter of 2021 First quarter GAAP cash flow from operations of $154.0 million. Excluding changes in net working capital, cash flow from operations was $235.0 million, up 49% sequentially from the fourth quarter of 2021 Total capital expenditures of $85.6 million during the first quarter, excluding closing of previously-announced Veritas acquisition on January 27, 2022 Record Free Cash Flow of $146.0 million during the first quarter, up 106% sequentially from the fourth quarter of 2021. See Non-GAAP Financial Measures below Updated 2022 guidance includes increased annual production and... More