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Here's What Key Metrics Tell Us About Northern Oil and Gas (NOG) Q3 Earnings
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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 represents a surprise of +20.01% over the Zacks Consensus Estimate of $581.35 million. With the consensus EPS estimate being $0.92, the EPS surprise was +43.48%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 73,524.97 BBL/D estimated by five analysts on average.
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 compared to the 41,618.66 Mcf average estimate based on three analysts.
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 versus the three-analyst average estimate of 13,671.72 KBOE.
Average Sales Prices - Oil: $82.83 versus the two-analyst average estimate of $76.18.
Net Sales- Oil and Gas Sales: $697.69 million versus $583.98 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +44.7% change.
Net Sales- Oil Sales: $570.28 million versus $484.59 million estimated by two analysts on average.
Net Sales- Natural Gas and NGL Sales: $127.42 million versus the two-analyst average estimate of $95.47 million.
Shares of Northern Oil and Gas have returned -11.9% over the past month versus the Zacks S&P 500 composite's -5.4% 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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Here's What Key Metrics Tell Us About Northern Oil and Gas (NOG) Q3 Earnings
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 represents a surprise of +20.01% over the Zacks Consensus Estimate of $581.35 million. With the consensus EPS estimate being $0.92, the EPS surprise was +43.48%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 -11.9% over the past month versus the Zacks S&P 500 composite's -5.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.