Northern Oil and Gas (NOG) released its quarterly results for the period ended December 2024, reporting revenue growth, but a decline in earnings per share (EPS).
Key Highlights:
- Revenue Growth: $545.47 million in revenue, up 0.4% year-over-year.
- EPS Decline: EPS of $1.11, compared to $1.61 in the year-ago quarter, representing a decline of -30.4%.
Investor Insights:
To gain a more comprehensive understanding of Northern Oil and Gas' financial health, investors should consider key metrics beyond revenue and EPS growth, such as:
- Operating Expenses: Changes in operating expenses can impact profitability.
- Cash Flow: Cash flow generation is essential for funding operations and investments.
- Debt-to-Equity Ratio: A high debt-to-equity ratio may indicate increased financial risk.
By examining these metrics and comparing them to the year-ago numbers and analyst estimates, investors can make more informed decisions about the stock's potential 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 - Oil: 79,000 BBL/D versus 77,538.63 BBL/D estimated by six analysts on average.
- Average Daily Production - Natural Gas and NGLs: 317,000 Mcf/D versus 306,563.9 Mcf/D estimated by six analysts on average.
- Net Production - Total: 12,123 KBOE compared to the 11,884.49 KBOE average estimate based on five analysts.
- Average Daily Production - Total: 132,000 BOE/D versus the five-analyst average estimate of 128,983.1 BOE/D.
- Net Production - Oil: 7,262 KBBL compared to the 7,111.86 KBBL average estimate based on five analysts.
- Net Production - Natural Gas and NGLs: 29,167 Mcf compared to the 28,636.18 Mcf average estimate based on five analysts.
- Average Sales Prices - Oil: $65.40 versus the three-analyst average estimate of $66.80.
- Average Sales Prices - Oil Net of Settled Oil Derivatives: $67.57 compared to the $67.82 average estimate based on three analysts.
- Net Sales- Oil Sales: $474.94 million versus $475.74 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
- Net Sales- Oil and Gas Sales: $545.47 million versus the three-analyst average estimate of $531.41 million.
- Net Sales- Natural Gas and NGL Sales: $70.53 million versus $55.69 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
- Net Sales- Other: $3.73 million versus $1.95 million estimated by two analysts on average.
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Disclaimer
The user WaneInvestmentHouse has a position in NYSE:NOG. Simply Wall St has no position in any of the companies mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.
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