News Oil & Gas

Northern Oil and Gas: Q2 Earnings Snapshot



MINNETONKA, Minn. (AP) _ Northern Oil and Gas Inc. (NOG) on Wednesday reported second-quarter net income of $251.3 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Minnetonka, Minnesota-based company said it had net income of $2.74. Earnings, adjusted for non-recurring gains, were $1.72 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The independent oil and gas company posted revenue of $441.4 million in the period. Its adjusted revenue was $549.6 million, also topping Street forecasts. Six analysts surveyed by Zacks expected $410.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOG at https://www.zacks.com/ap/NOG



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