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Northern Oil and Gas (NOG) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2026, Northern Oil and Gas (NOG - Free Report) reported revenue of $697.69 million, up 44.7% over the same period last year. EPS came in at $1.32, compared to $1.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $581.35 million, representing a surprise of +20.01%. The company delivered an EPS surprise of +43.48%, with the consensus EPS estimate being $0.92.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Northern Oil and Gas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Daily Production - Total: 156,239.00 BOE/D versus 149,500.30 BOE/D estimated by five analysts on average.
Average Daily Production - Oil: 74,837.00 BBL/D versus the five-analyst average estimate of 73,524.97 BBL/D.
Average Daily Production - Natural Gas and NGLs: 488,391.00 Mcf/D compared to the 451,232.20 Mcf/D average estimate based on five analysts.
Average Sales Prices - Natural Gas and NGLs Net of Settled Natural Gas Derivatives: $3.31 versus $2.88 estimated by four analysts on average.
Average Sales Prices - Oil Net of Settled Oil Derivatives: $72.32 compared to the $67.98 average estimate based on four analysts.
Net Production - Natural Gas: 44,932.00 Mcf versus the three-analyst average estimate of 41,618.66 Mcf.
Net Production - Oil: 6,885.00 KBBL versus 6,735.16 KBBL estimated by three analysts on average.
Net Production - Total: 14,374.00 KBOE compared to the 13,671.72 KBOE average estimate based on three analysts.
Average Sales Prices - Oil: $82.83 compared to the $76.18 average estimate based on two analysts.
Average Sales Prices - Natural Gas and NGLs: $2.84 versus the two-analyst average estimate of $2.31.
Net Sales- Oil and Gas Sales: $697.69 million versus the three-analyst average estimate of $583.98 million. The reported number represents a year-over-year change of +44.7%.
Shares of Northern Oil and Gas have returned -7.9% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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Northern Oil and Gas (NOG) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2026, Northern Oil and Gas (NOG - Free Report) reported revenue of $697.69 million, up 44.7% over the same period last year. EPS came in at $1.32, compared to $1.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $581.35 million, representing a surprise of +20.01%. The company delivered an EPS surprise of +43.48%, with the consensus EPS estimate being $0.92.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Northern Oil and Gas performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Northern Oil and Gas here>>>
Shares of Northern Oil and Gas have returned -7.9% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.