For the quarter ended March 2026, Northern Oil and Gas (NOG) reported revenue of $539.86 million, down 6.4% over the same period last year. EPS came in at $0.74, compared to $1.33 in the year-ago quarter.
The reported revenue represents a surprise of +5.57% over the Zacks Consensus Estimate of $511.4 million. With the consensus EPS estimate being $0.71, the EPS surprise was +4.23%.
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: 148,303.00 BOE/D versus the five-analyst average estimate of 141,049.30 BOE/D. Average Daily Production - Oil: 73,567.00 BBL/D versus the five-analyst average estimate of 71,669.23 BBL/D. Average Daily Production - Natural Gas and NGLs: 448,444.00 Mcf/D versus 416,720.50 Mcf/D estimated by five analysts on average. Average Sales Prices - Natural Gas and NGLs Net of Settled Natural Gas Derivatives: $2.77 compared to the $3.26 average estimate based on four analysts. Average Sales Prices - Oil Net of Settled Oil Derivatives: $62.00 compared to the $62.19 average estimate based on four analysts. Net Production - Natural Gas and NGLs: 40,360.00 Mcf compared to the 37,818.07 Mcf average estimate based on three analysts. Net Production - Oil: 6,621.00 KBBL versus 6,427.38 KBBL estimated by three analysts on average. Net Production - Total: 13,347.00 KBOE compared to the 12,730.40 KBOE average estimate based on three analysts. Average Sales Prices - Oil: $66.32 versus the two-analyst average estimate of $59.35. Net Sales- Oil and Gas Sales: $539.86 million versus the three-analyst average estimate of $514.84 million. The reported number represents a year-over-year change of -6.4%. Net Sales- Oil Sales: $439.08 million versus the two-analyst average estimate of $375.33 million. The reported number represents a year-over-year change of -4.5%. Net Sales- Natural Gas and NGL Sales: $100.77 million versus the two-analyst average estimate of $122.85 million. The reported number represents a year-over-year change of -14.1%.View all Key Company Metrics for Northern Oil and Gas here>>>
Shares of Northern Oil and Gas have returned -11.7% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Radical New Technology Could Hand Investors Huge Gains
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Northern Oil and Gas, Inc. (NOG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).