Northern Oil and Gas Reports Q4 Earnings
MINNETONKA, Minn., February 22, 2023 -- Northern Oil and Gas Inc. (NOG) announced its fourth-quarter financial results on Wednesday, reporting net income of $71.7 million ($0.71 per share). Adjusted earnings excluding non-recurring costs were $1.11 per share.
These results were below analysts' expectations, with the average estimate of eight analysts surveyed by Zacks Investment Research predicting earnings of $1.13 per share. NOG also reported revenue of $515 million, which fell short of the $552.7 million forecasted by six analysts surveyed by Zacks.
The company's adjusted revenue, excluding certain items, was $545.5 million.
For more information, view the Zacks stock report on NOG: https://www.zacks.com/ap/NOG