Northern Oil and Gas — Third Quarter 2026 Earnings Summary

Northern Oil and Gas reported record third-quarter 2026 production of 156,239 barrels of oil equivalent per day, representing a 19% increase from the prior year period. The company achieved an adjusted EBITDA of $444.5 million and generated $148.6 million in free cash flow despite recording a GAAP net loss of $111.8 million driven by non-cash derivative losses. Management raised its full-year 2026 production guidance to a range of 147,000 to 150,000 Boepd while maintaining its capital expenditure budget. Additionally, the company retired over $100 million in debt, issued $500 million in senior notes, and repurchased 667,989 shares of common stock during the quarter.