Northern Oil and Gas Q2 core profit hits record level

Northern Oil and Gas

31/07/2025 21:45

Overview

Northern Oil and Gas Q2 production up 9% yr/yr, oil volumes rise 10.5%

Adjusted EBITDA hits record $440.4 mln, reflecting strong operational performance

Co updates 2025 guidance, reducing capex and production expectations

Outlook

Northern Oil and Gas reduces 2025 capital spending by $125 - $150 mln

Company lowers oil production guidance to 74,000 - 76,000 Bbls per day

Northern Oil and Gas revises total production guidance to 130,000 - 133,000 Boe per day

Company expects 2025 capital expenditures between $925 mln and $1,050 mln

Result Drivers

APPALACHIAN AND UINTA GROWTH - Strong production growth from Appalachian and Uinta Basin properties, with Uinta volumes up over 18.5% sequentially

GROUND GAME TRANSACTIONS - Completed 22 transactions adding net acres and wells, contributing to production growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Oil & Gas Sales
$574.40 mln
Q2 EPS
$1
Q2 Adjusted Net Income
$136.30 mln
Q2 Net Income
$99.60 mln
Q2 Adjusted EBITDA
$440.40 mln
Q2 Adjusted Capex
$210 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Northern Oil and Gas Inc is $36.00, about 20.6% above its July 30 closing price of $28.60

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw56g4Zya

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)