NORTHERN OIL & GAS, INC. (NOG) announced a profit for its third quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $298.4 million, or $2.96 per share. This compares with $26.1 million, or $0.28 per share, in last year's third quarter.
Excluding items, NORTHERN OIL & GAS, INC. reported adjusted earnings of $141.1 million or $1.40 per share for the period.
Analysts on average had expected the company to earn $1.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 140.0% to $753.638 million from $313.973 million last year.
NORTHERN OIL & GAS, INC. earnings at a glance (GAAP) :
-Earnings (Q3): $298.4 Mln. vs. $26.1 Mln. last year.-EPS (Q3): $2.96 vs. $0.28 last year.-Revenue (Q3): $753.638 Mln vs. $313.973 Mln last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.